Harvest Fund Management Co. Ltd Has $10.68 Million Stake in Marvell Technology, Inc. $MRVL

Harvest Fund Management Co. Ltd raised its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVLFree Report) by 52.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 127,051 shares of the semiconductor company’s stock after purchasing an additional 43,763 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Marvell Technology were worth $10,675,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of MRVL. Ellsworth Advisors LLC acquired a new position in Marvell Technology in the 3rd quarter valued at $5,864,000. Vanguard Group Inc. lifted its holdings 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 buying an additional 15,166,976 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of Marvell Technology by 1,292.1% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 389,809 shares of the semiconductor company’s stock worth $32,656,000 after buying an additional 361,807 shares in the last quarter. Norges Bank bought a new stake in shares of Marvell Technology in the second quarter valued at about $716,713,000. Finally, Triasima Portfolio Management inc. acquired a new position in shares of Marvell Technology in the third quarter valued at about $1,426,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MRVL has been the topic of a number of recent research reports. Royal Bank Of Canada raised their price target on shares of Marvell Technology from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, March 2nd. Zacks Research downgraded shares of Marvell Technology from a “hold” rating to a “strong sell” rating in a report on Monday, March 2nd. JPMorgan Chase & Co. increased their target price on shares of Marvell Technology from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, March 6th. Jefferies Financial Group raised their target price on shares of Marvell Technology from $80.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Finally, Bank of America upgraded shares of Marvell Technology from a “neutral” rating to a “buy” rating and lifted their price target for the company from $90.00 to $110.00 in a research report on Friday, March 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $117.24.

View Our Latest Analysis on Marvell Technology

Marvell Technology Trading Up 0.2%

Shares of Marvell Technology stock opened at $87.86 on Friday. 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 12-month low of $47.08 and a 12-month high of $102.77. The company has a market capitalization of $76.54 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 0.89 and a beta of 1.97. The firm’s 50-day moving average price is $81.70 and its two-hundred day moving average price is $82.61.

Marvell Technology (NASDAQ:MRVLGet Free Report) last posted its quarterly earnings results on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.01. Marvell Technology had a net margin of 32.58% and a return on equity of 14.40%. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same quarter last year, the business posted $0.60 EPS. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. On average, analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

More Marvell Technology News

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

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, EVP Mark Casper sold 5,000 shares of Marvell Technology stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $93.08, for a total value of $465,400.00. Following the transaction, the executive vice president owned 19,418 shares in the company, valued at $1,807,427.44. The trade was a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.19% of the stock is currently owned by corporate insiders.

Marvell Technology Company Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for Marvell Technology (NASDAQ:MRVL)

Receive News & Ratings for Marvell Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marvell Technology and related companies with MarketBeat.com's FREE daily email newsletter.