Tredje AP fonden Has $37.81 Million Stake in Marvell Technology, Inc. $MRVL

Tredje AP fonden decreased its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 4.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 449,700 shares of the semiconductor company’s stock after selling 20,000 shares during the quarter. Tredje AP fonden’s holdings in Marvell Technology were worth $37,806,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of MRVL. Ellsworth Advisors LLC acquired a new position in Marvell Technology in the 3rd quarter valued at about $5,864,000. Vanguard Group Inc. lifted its position in shares of Marvell Technology by 23.5% during the third quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock worth $6,692,830,000 after purchasing an additional 15,166,976 shares in the last quarter. Waterfront Wealth Inc. grew its stake in shares of Marvell Technology by 21.5% in the second quarter. Waterfront Wealth Inc. now owns 18,394 shares of the semiconductor company’s stock worth $1,424,000 after acquiring an additional 3,258 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its stake in Marvell Technology by 1,292.1% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 389,809 shares of the semiconductor company’s stock worth $32,656,000 after purchasing an additional 361,807 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Marvell Technology during the 2nd quarter worth $716,713,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

Marvell Technology Stock Performance

Shares of MRVL opened at $79.48 on Friday. The firm has a market cap of $67.34 billion, a price-to-earnings ratio of 27.89, a PEG ratio of 0.63 and a beta of 1.97. The business’s 50 day moving average is $82.31 and its two-hundred day moving average is $81.78. The company has a quick ratio of 1.64, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $109.75.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.06 billion. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The firm’s revenue for the quarter was up 36.8% compared to the same quarter last year. During the same period last year, the business earned $0.43 EPS. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. Analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Friday, January 9th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Friday, January 9th. Marvell Technology’s dividend payout ratio (DPR) is currently 8.42%.

Insider Activity at Marvell Technology

In other news, EVP Mark Casper sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $93.08, for a total value of $465,400.00. Following the completion of the sale, the executive vice president directly owned 19,418 shares in the company, valued at approximately $1,807,427.44. The trade was a 20.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Benchmark restated a “hold” rating on shares of Marvell Technology in a research note on Tuesday, February 3rd. Zacks Research lowered shares of Marvell Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Barclays upped their price objective on Marvell Technology from $80.00 to $105.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 3rd. Melius Research upgraded Marvell Technology from a “hold” rating to a “buy” rating and set a $135.00 target price on the stock in a research report on Monday, January 5th. Finally, The Goldman Sachs Group upped their price objective on Marvell Technology from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.16.

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.