Zweig DiMenna Associates LLC Lowers Stock Holdings in Marvell Technology, Inc. $MRVL

Zweig DiMenna Associates LLC reduced its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 245,428 shares of the semiconductor company’s stock after selling 3,571 shares during the quarter. Marvell Technology accounts for 1.3% of Zweig DiMenna Associates LLC’s investment portfolio, making the stock its 19th biggest holding. Zweig DiMenna Associates LLC’s holdings in Marvell Technology were worth $20,856,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of MRVL. Vanguard Group Inc. boosted its stake in shares of Marvell Technology by 23.5% in the third quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock valued at $6,692,830,000 after buying an additional 15,166,976 shares in the last quarter. State Street Corp boosted its stake in shares of Marvell Technology by 2.8% in the third quarter. State Street Corp now owns 21,157,092 shares of the semiconductor company’s stock valued at $1,778,677,000 after buying an additional 583,832 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Marvell Technology by 59.7% in the third quarter. Ameriprise Financial Inc. now owns 16,624,827 shares of the semiconductor company’s stock valued at $1,397,751,000 after buying an additional 6,217,952 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Marvell Technology by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 12,108,452 shares of the semiconductor company’s stock valued at $1,025,185,000 after buying an additional 97,624 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Marvell Technology by 47.0% in the third quarter. Franklin Resources Inc. now owns 11,903,051 shares of the semiconductor company’s stock valued at $1,000,689,000 after buying an additional 3,805,431 shares in the last quarter. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Marvell Technology

In other news, COO Chris Koopmans sold 10,000 shares of Marvell Technology stock in a transaction on Monday, April 6th. The stock was sold at an average price of $110.24, for a total transaction of $1,102,400.00. Following the completion of the transaction, the chief operating officer owned 133,870 shares of the company’s stock, valued at $14,757,828.80. The trade was a 6.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Willem A. Meintjes sold 30,000 shares of Marvell Technology stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $134.01, for a total value of $4,020,300.00. Following the transaction, the chief financial officer directly owned 154,111 shares of the company’s stock, valued at $20,652,415.11. This trade represents a 16.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 245,060 shares of company stock worth $29,901,072. Insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

MRVL has been the topic of a number of analyst reports. William Blair restated an “outperform” rating on shares of Marvell Technology in a research note on Thursday. B. Riley Financial restated a “buy” rating on shares of Marvell Technology in a research note on Tuesday, May 12th. Scotiabank initiated coverage on Marvell Technology in a research note on Tuesday. They issued an “outperform” rating on the stock. UBS Group lifted their price target on Marvell Technology from $195.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Bank of America lifted their price target on Marvell Technology from $200.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $212.34.

Key Headlines Impacting Marvell Technology

Here are the key news stories impacting Marvell Technology this week:

• Positive Sentiment: Marvell posted record quarterly revenue, met EPS estimates, and raised its outlook on accelerating AI-related data center demand, reinforcing the bull case for MRVL.
• Positive Sentiment: A wave of analyst price-target increases, including multiple firms moving targets into the $225-$275 range, signals growing Wall Street confidence in Marvell’s AI growth story.
• Positive Sentiment: Coverage highlighted Marvell’s expanding opportunities in networking chips, custom silicon, interconnect, and optical solutions as AI infrastructure spending continues to rise.
• Neutral Sentiment: Some analysts say the stock’s strong rally has already priced in a lot of good news, making valuation a key question for investors after the earnings move.
• Negative Sentiment: Gross margin expansion is slowing as custom chip costs rise and competition intensifies, which could limit earnings leverage if revenue growth cools.

Marvell Technology Trading Up 0.1%

NASDAQ:MRVL opened at $205.00 on Friday. The company has a market capitalization of $183.95 billion, a PE ratio of 70.21, a price-to-earnings-growth ratio of 1.71 and a beta of 2.25. The company has a quick ratio of 1.58, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. Marvell Technology, Inc. has a 52-week low of $58.61 and a 52-week high of $218.26. The stock has a fifty day simple moving average of $146.17 and a 200-day simple moving average of $105.94.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.80. The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.41 billion. Marvell Technology had a return on equity of 14.89% and a net margin of 28.99%.The business’s revenue was up 27.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.62 EPS. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. On average, equities research analysts expect that Marvell Technology, Inc. will post 3.04 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Friday, April 10th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, April 10th. Marvell Technology’s payout ratio is 8.22%.

About Marvell Technology

Marvell Technology Group is a global semiconductor company that designs and develops integrated circuits and related software for data infrastructure, networking, storage and connectivity markets. The company’s product portfolio includes system-on-chip (SoC) solutions, Ethernet physical-layer transceivers (PHYs), switch and switch silicon, optical interconnect components, storage controllers, and security processors. Marvell’s technology is used to enable high-performance data centers, carrier networks, enterprise and cloud storage, as well as connectivity in automotive and industrial applications.

Founded in 1995 and headquartered in Santa Clara, California, Marvell has grown through both organic development and strategic acquisitions to broaden its capabilities across networking and data interconnect.