Marvell Technology, Inc. $MRVL Shares Purchased by National Pension Service

National Pension Service boosted its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 33.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,796,650 shares of the semiconductor company’s stock after acquiring an additional 697,029 shares during the period. National Pension Service’s holdings in Marvell Technology were worth $237,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in MRVL. Intech Investment Management LLC lifted its stake in Marvell Technology by 3.9% in the first quarter. Intech Investment Management LLC now owns 28,784 shares of the semiconductor company’s stock valued at $1,772,000 after buying an additional 1,085 shares during the last quarter. Baird Financial Group Inc. lifted its stake in Marvell Technology by 22.7% in the second quarter. Baird Financial Group Inc. now owns 17,417 shares of the semiconductor company’s stock valued at $1,348,000 after buying an additional 3,221 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in Marvell Technology in the second quarter valued at $354,000. Treasurer of the State of North Carolina lifted its stake in Marvell Technology by 3.0% in the second quarter. Treasurer of the State of North Carolina now owns 403,818 shares of the semiconductor company’s stock valued at $31,256,000 after buying an additional 11,572 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in Marvell Technology by 1.0% in the second quarter. Alliancebernstein L.P. now owns 411,569 shares of the semiconductor company’s stock valued at $31,855,000 after buying an additional 4,060 shares during the last quarter. 83.51% of the stock is currently owned by institutional investors.

More Marvell Technology News

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.

Analyst Ratings Changes

A number of research firms have issued reports on MRVL. Wells Fargo & Company raised their target price on Marvell Technology from $195.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday. Needham & Company LLC raised their target price on Marvell Technology from $118.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday. Morgan Stanley raised their target price on Marvell Technology from $172.00 to $195.00 and gave the company an “equal weight” rating in a research note on Thursday. Citigroup raised their target price on Marvell Technology from $118.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Weiss Ratings reiterated 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-nine have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Marvell Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $212.34.

Insider Buying and Selling at Marvell Technology

In related news, COO Chris Koopmans sold 10,000 shares of Marvell Technology stock in a transaction dated 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 sale, the chief operating officer directly owned 209,592 shares in the company, valued at $34,113,193.92. The trade was a 4.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Willem A. Meintjes sold 4,000 shares of Marvell Technology stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $175.24, for a total transaction of $700,960.00. Following the sale, the chief financial officer owned 226,675 shares in the company, valued at approximately $39,722,527. This represents a 1.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 245,060 shares of company stock valued at $29,901,072. 0.12% of the stock is currently owned by insiders.

Marvell Technology Price Performance

Shares of NASDAQ MRVL opened at $205.00 on Friday. Marvell Technology, Inc. has a fifty-two week low of $58.61 and a fifty-two week high of $218.26. The firm’s 50-day simple moving average is $146.17 and its 200 day simple moving average is $105.94. 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 stock has a market cap of $183.95 billion, a P/E ratio of 70.21, a P/E/G ratio of 1.71 and a beta of 2.25.

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

Marvell Technology Announces Dividend

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

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.