Pinnacle Associates Ltd. Reduces Stock Position in Marvell Technology, Inc. $MRVL

Pinnacle Associates Ltd. reduced its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,709 shares of the semiconductor company’s stock after selling 5,423 shares during the period. Pinnacle Associates Ltd.’s holdings in Marvell Technology were worth $12,467,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MRVL. Laurel Wealth Advisors LLC purchased a new stake in shares of Marvell Technology in the fourth quarter worth about $25,000. Whittier Trust Co. of Nevada Inc. grew its stake in Marvell Technology by 98.0% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 493 shares of the semiconductor company’s stock valued at $43,000 after acquiring an additional 244 shares in the last quarter. Strive Asset Management LLC bought a new stake in Marvell Technology during the 3rd quarter worth approximately $42,000. Avalon Trust Co lifted its stake in Marvell Technology by 70.6% in the 3rd quarter. Avalon Trust Co now owns 650 shares of the semiconductor company’s stock worth $55,000 after purchasing an additional 269 shares in the last quarter. Finally, Westside Investment Management Inc. increased its holdings in shares of Marvell Technology by 67.3% in the third quarter. Westside Investment Management Inc. now owns 696 shares of the semiconductor company’s stock worth $58,000 after purchasing an additional 280 shares during the period. 83.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MRVL has been the subject of several research analyst reports. Cantor Fitzgerald lifted their price objective on Marvell Technology from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. Evercore reaffirmed an “outperform” rating and issued a $133.00 price target on shares of Marvell Technology in a report on Wednesday, March 4th. Rosenblatt Securities boosted their price objective on Marvell Technology from $115.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Morgan Stanley upped their price objective on shares of Marvell Technology from $95.00 to $103.00 and gave the stock an “equal weight” rating in a research report on Friday, March 6th. Finally, JPMorgan Chase & Co. raised their target price on shares of Marvell Technology from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $129.70.

Insider Transactions at Marvell Technology

In other news, insider Sandeep Bharathi sold 66,892 shares of the company’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $130.35, for a total value of $8,719,372.20. Following the completion of the sale, the insider owned 55,199 shares of the company’s stock, valued at approximately $7,195,189.65. This represents a 54.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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. Also, COO Chris Koopmans sold 10,000 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $162.76, for a total transaction of $1,627,600.00. Following the transaction, the chief operating officer directly owned 209,592 shares in the company, valued at approximately $34,113,193.92. This represents a 4.55% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 241,060 shares of company stock worth $29,200,112. Corporate insiders own 0.19% of the company’s stock.

Key Headlines Impacting Marvell Technology

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

• Positive Sentiment: Bank of America raised its price target on Marvell to $200 and reiterated a buy rating, citing strong AI networking and optics demand, which reinforced the stock’s breakout momentum. What Is Going On With Marvell Tech Stock On Thursday?
• Positive Sentiment: Analysts across Wall Street have been lifting targets ahead of Marvell’s May 27 earnings report, signaling confidence that AI-driven revenue growth can continue. Marvell Stock (MRVL) Gets Price Target Hikes from Top Analysts Ahead of Q1 Earnings
• Positive Sentiment: Investor enthusiasm is also being boosted by reports of a custom AI chip partnership with Google and a strategic equity investment from AMD, both of which strengthen Marvell’s AI credentials. Marvell stock hits 52-week high as bullish catalysts keep stacking up
• Neutral Sentiment: CEO Matthew J. Murphy sold 7,500 shares under a pre-arranged 10b5-1 trading plan, a disclosure that may draw attention but is not necessarily a negative signal by itself.

Marvell Technology Trading Up 2.6%

Shares of MRVL stock opened at $182.58 on Friday. The business has a 50-day moving average price of $123.30 and a two-hundred day moving average price of $98.21. Marvell Technology, Inc. has a 12-month low of $58.61 and a 12-month high of $192.15. The company has a quick ratio of 1.58, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. The firm has a market cap of $159.66 billion, a P/E ratio of 59.28, a price-to-earnings-growth ratio of 1.61 and a beta of 2.25.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Thursday, March 5th. The semiconductor company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.79 by $0.01. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.21 billion. Marvell Technology had a return on equity of 14.22% and a net margin of 32.58%.The company’s revenue was up 22.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.60 EPS. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. Equities analysts anticipate that Marvell Technology, Inc. will post 3.04 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Friday, April 10th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, April 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. Marvell Technology’s dividend payout ratio (DPR) is 7.79%.

Marvell Technology Profile

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.