LGT Fund Management Co Ltd. Takes $4.44 Million Position in Marvell Technology, Inc. $MRVL

LGT Fund Management Co Ltd. bought a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 44,803 shares of the semiconductor company’s stock, valued at approximately $4,438,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Hilton Head Capital Partners LLC raised its position in shares of Marvell Technology by 978.3% in the 1st quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 225 shares during the last quarter. Jessup Wealth Management Inc acquired a new stake in Marvell Technology in the 4th quarter worth approximately $25,000. Laurel Wealth Advisors LLC purchased a new stake in Marvell Technology during the 4th quarter worth approximately $25,000. Cherry Tree Wealth Management LLC purchased a new stake in Marvell Technology during the 4th quarter worth approximately $26,000. Finally, Pittenger & Anderson Inc. increased its stake in Marvell Technology by 61.5% during the 1st quarter. Pittenger & Anderson Inc. now owns 315 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 120 shares in the last quarter. 83.51% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Marvell Technology

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

• Positive Sentiment: Marvell highlighted progress in its AI infrastructure business, with reports that its five AI growth engines support plans for about 40% revenue growth in fiscal 2027 and 45% in fiscal 2028. Article Title
• Positive Sentiment: Marvell also got a boost from analyst sentiment, with RBC Capital reaffirming a $360 price target as the AI-chip rebound lifted semiconductors broadly. Article Title
• Positive Sentiment: News that Marvell’s Tower PIC shipments for AI data-center optics reached 5 million units supports the view that demand for its optical and connectivity products remains strong. Article Title
• Neutral Sentiment: Shares were helped at times by a broader semiconductor rebound and improved market tone, including strength in the Nasdaq and AI-related stocks. Article Title
• Negative Sentiment: MRVL also slipped alongside other chip names ahead of SK Hynix’s U.S. trading debut, reflecting rotation and caution in the memory/AI chip space. Article Title
• Negative Sentiment: After a big advance over the past year, some investors and commentators are questioning whether Marvell’s valuation already reflects much of the AI optimism, which can weigh on the shares near term. Article Title

Marvell Technology Stock Performance

Shares of NASDAQ:MRVL traded down $7.46 during midday trading on Friday, reaching $235.81. The company’s stock had a trading volume of 15,057,468 shares, compared to its average volume of 46,041,692. The company has a quick ratio of 2.66, a current ratio of 3.28 and a debt-to-equity ratio of 0.27. The stock has a fifty day moving average of $236.79 and a 200 day moving average of $144.93. Marvell Technology, Inc. has a twelve month low of $61.44 and a twelve month high of $329.88. The firm has a market capitalization of $206.29 billion, a PE ratio of 80.76, a P/E/G ratio of 1.54 and a beta of 2.20.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, meeting the consensus estimate of $0.80. The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.41 billion. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The firm’s revenue was up 27.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.62 earnings per share. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. On average, equities analysts expect that Marvell Technology, Inc. will post 3.07 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Friday, July 10th will be paid a $0.06 dividend. The ex-dividend date is Friday, July 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. Marvell Technology’s dividend payout ratio is presently 8.22%.

Insider Activity

In other Marvell Technology news, CEO Matthew J. Murphy sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $177.26, for a total value of $1,329,450.00. Following the sale, the chief executive officer owned 739,397 shares in the company, valued at approximately $131,065,512.22. This represents a 1.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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 that occurred on Friday, May 15th. The shares were sold at an average price of $175.24, for a total transaction of $700,960.00. Following the transaction, the chief financial officer directly owned 226,675 shares of the company’s stock, valued at approximately $39,722,527. This trade represents a 1.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 160,373 shares of company stock valued at $24,938,664 over the last 90 days. Company insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MRVL. Morgan Stanley raised their price target on shares of Marvell Technology from $172.00 to $195.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. Benchmark upped their target price on Marvell Technology from $130.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Melius Research set a $220.00 target price on Marvell Technology in a research note on Monday, May 18th. Stifel Nicolaus lifted their price target on Marvell Technology from $321.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Finally, Oppenheimer boosted their price target on Marvell Technology from $200.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $244.97.

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.