Dimensional Fund Advisors LP Has $374.05 Million Stock Holdings in Marvell Technology, Inc. $MRVL

Dimensional Fund Advisors LP increased its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVLFree Report) by 0.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,779,023 shares of the semiconductor company’s stock after purchasing an additional 24,888 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Marvell Technology were worth $374,047,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. NWK Group Inc. acquired a new position in shares of Marvell Technology in the first quarter valued at approximately $5,712,000. Sound Shore Management Inc. CT raised its holdings in shares of Marvell Technology by 13.2% during the first quarter. Sound Shore Management Inc. CT now owns 1,148,590 shares of the semiconductor company’s stock worth $113,768,000 after acquiring an additional 133,881 shares during the period. Little House Capital LLC bought a new stake in Marvell Technology in the 1st quarter valued at $1,221,000. SEB Asset Management AB bought a new stake in Marvell Technology in the 1st quarter valued at $20,127,000. Finally, Swiss National Bank lifted its position in Marvell Technology by 5.4% in the 1st quarter. Swiss National Bank now owns 2,489,003 shares of the semiconductor company’s stock valued at $246,536,000 after acquiring an additional 126,600 shares in the last quarter. Institutional investors own 83.51% of the company’s stock.

Analyst Upgrades and Downgrades

MRVL has been the subject of a number of research reports. Rosenblatt Securities reiterated a “buy” rating and set a $240.00 target price on shares of Marvell Technology in a report on Friday, June 12th. Needham & Company LLC boosted their price target on Marvell Technology from $118.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Morgan Stanley upped their price objective on Marvell Technology from $172.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Compass Point set a $190.00 price objective on Marvell Technology in a report on Tuesday, May 26th. Finally, William Blair reissued an “outperform” rating on shares of Marvell Technology in a research report on Thursday, May 28th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Marvell Technology has an average rating of “Moderate Buy” and an average target price of $245.45.

Get Our Latest Stock Analysis on Marvell Technology

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, CFO Willem A. Meintjes sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $175.24, for a total transaction of $700,960.00. Following the transaction, the chief financial officer owned 226,675 shares of the company’s stock, valued at $39,722,527. The trade was a 1.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Chris Koopmans sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $281.92, for a total value of $2,819,200.00. Following the transaction, the chief operating officer directly owned 227,754 shares in the company, valued at $64,208,407.68. This trade represents a 4.21% decrease in their position. 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 have sold a total of 45,981 shares of company stock valued at $9,835,542 in the last ninety days. Insiders own 0.12% of the company’s stock.

Marvell Technology News Roundup

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

Marvell Technology Stock Up 6.7%

Marvell Technology stock opened at $207.96 on Wednesday. The company has a current ratio of 3.28, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27. Marvell Technology, Inc. has a 1-year low of $61.44 and a 1-year high of $329.88. The company has a fifty day simple moving average of $241.88 and a 200 day simple moving average of $151.14. The company has a market cap of $181.92 billion, a P/E ratio of 71.22, a price-to-earnings-growth ratio of 1.28 and a beta of 2.20.

Marvell Technology (NASDAQ:MRVLGet Free Report) last issued its quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The firm 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 firm posted $0.62 EPS. The company’s revenue for the quarter was up 27.6% on a year-over-year basis. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. Research analysts anticipate that Marvell Technology, Inc. will post 3.07 earnings per share 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. Investors of record on Friday, July 10th will be given a $0.06 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. Marvell Technology’s payout ratio is currently 8.22%.

Marvell Technology 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.

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

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