Marvell Technology, Inc. $MRVL Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lowered its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 5.6% during the 4th quarter, Holdings Channel reports. The fund owned 182,485 shares of the semiconductor company’s stock after selling 10,899 shares during the period. HighTower Advisors LLC’s holdings in Marvell Technology were worth $15,508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC acquired a new position in shares of Marvell Technology during the fourth quarter valued at $25,000. Elyxium Wealth LLC acquired a new stake in Marvell Technology in the fourth quarter worth about $40,000. Strive Asset Management LLC acquired a new stake in Marvell Technology in the third quarter worth about $42,000. Whittier Trust Co. of Nevada Inc. grew its position in Marvell Technology by 98.0% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 493 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 244 shares in the last quarter. Finally, Avalon Trust Co grew its position in Marvell Technology by 70.6% in the 3rd quarter. Avalon Trust Co now owns 650 shares of the semiconductor company’s stock valued at $55,000 after buying an additional 269 shares in the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Marvell Technology Price Performance

NASDAQ MRVL opened at $196.33 on Monday. Marvell Technology, Inc. has a 1 year low of $58.61 and a 1 year high of $198.40. The business’s fifty day moving average is $134.82 and its two-hundred day moving average is $102.12. The stock has a market capitalization of $176.17 billion, a P/E ratio of 63.74, a P/E/G ratio of 1.64 and a beta of 2.25. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.58 and a current ratio of 2.01.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings data on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.01. The business had revenue of $2.22 billion during 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% compared to the same quarter last year. During the same period last year, the company posted $0.60 EPS. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. On average, research analysts forecast that Marvell Technology, Inc. will post 3.04 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

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

Insider Activity

In related news, insider Sandeep Bharathi sold 66,892 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider owned 55,199 shares of the company’s stock, valued at approximately $7,195,189.65. This trade represents a 54.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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, EVP Mark Casper sold 10,000 shares of Marvell Technology stock in a transaction on Friday, April 17th. The shares were sold at an average price of $135.50, for a total value of $1,355,000.00. Following the transaction, the executive vice president owned 35,878 shares in the company, valued at $4,861,469. This represents a 21.80% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 245,060 shares of company stock worth $29,901,072. 0.19% of the stock is owned by company insiders.

Key Stories Impacting Marvell Technology

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

• Positive Sentiment: Analysts turned more constructive on Marvell, including Stifel raising its price target from $140 to $210 and Wells Fargo/citi also boosting forecasts, signaling strong confidence in the company’s AI-chip demand. What Is Going On With Marvell Stock On Friday?
• Positive Sentiment: Investor enthusiasm is being driven by Marvell’s exposure to custom AI silicon for major customers like Amazon Trainium and Microsoft Maia, which is fueling expectations for strong growth heading into earnings on May 27. What Is Going On With Marvell Stock On Friday?
• Positive Sentiment: Shares are also benefiting from a broader bid in chip stocks and reports of heavy institutional buying, adding momentum to the stock’s recent record run. See How Big Money, AI Push Marvell Higher
• Neutral Sentiment: With Q1 earnings approaching, investors are focused on whether Marvell can keep delivering on AI-driven data center demand and custom silicon growth, but competition remains a watch point. MRVL to Post Q1 Earnings: Time to Buy, Sell or Hold the Stock?

Wall Street Analysts Forecast Growth

MRVL has been the topic of several recent analyst reports. Cantor Fitzgerald boosted their target price on Marvell Technology from $100.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, April 9th. Melius Research set a $220.00 price target on Marvell Technology in a research note on Monday, May 18th. Barclays upgraded Marvell Technology from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $105.00 to $150.00 in a research report on Thursday, April 9th. Needham & Company LLC cut their price objective on Marvell Technology from $120.00 to $118.00 and set a “buy” rating for the company in a report on Tuesday, February 3rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marvell Technology in a research note on Friday, March 27th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Marvell Technology has a consensus rating of “Moderate Buy” and a consensus target price of $143.76.

Marvell Technology Company 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.