Fisher Asset Management LLC Sells 47,708 Shares of Marvell Technology, Inc. $MRVL

Fisher Asset Management LLC cut its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 6.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 719,832 shares of the semiconductor company’s stock after selling 47,708 shares during the period. Fisher Asset Management LLC’s holdings in Marvell Technology were worth $61,171,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Clearstead Advisors LLC raised its stake in shares of Marvell Technology by 11.1% in the 4th quarter. Clearstead Advisors LLC now owns 9,173 shares of the semiconductor company’s stock valued at $780,000 after buying an additional 914 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Marvell Technology by 1.8% in the 4th quarter. Legal & General Group Plc now owns 5,753,035 shares of the semiconductor company’s stock valued at $488,893,000 after buying an additional 100,065 shares in the last quarter. William Blair Investment Management LLC raised its stake in shares of Marvell Technology by 480.6% in the 4th quarter. William Blair Investment Management LLC now owns 108,429 shares of the semiconductor company’s stock valued at $9,214,000 after buying an additional 89,755 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Marvell Technology in the 4th quarter valued at $1,561,000. Finally, Prospera Financial Services Inc raised its stake in shares of Marvell Technology by 8.7% in the 4th quarter. Prospera Financial Services Inc now owns 22,973 shares of the semiconductor company’s stock valued at $1,953,000 after buying an additional 1,831 shares in the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Insider Activity

In other Marvell Technology news, CFO Willem A. Meintjes sold 4,000 shares of the 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 of the company’s stock, valued at $39,722,527. This represents a 1.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Casper sold 10,000 shares of the stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $135.50, for a total transaction of $1,355,000.00. Following the sale, the executive vice president directly owned 35,878 shares in the company, valued at approximately $4,861,469. This represents a 21.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 245,060 shares of company stock worth $29,901,072. 0.19% of the stock is currently owned by insiders.

Trending Headlines about Marvell Technology

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

• Positive Sentiment: Citi raised its price target on Marvell to $215 from $118 and kept a Buy rating ahead of earnings, signaling confidence in solid results and ongoing AI-related demand. Citi Lifts Price Target on Marvell Technology, Inc. (MRVL)
• Positive Sentiment: Oppenheimer also lifted its price target on Marvell to $200 from $170 and reiterated Outperform, adding to the bullish pre-earnings setup. Oppenheimer Raises its Price Target on Marvell (MRVL)
• Positive Sentiment: Investor enthusiasm is being fueled by expectations that Marvell will benefit from fast-growing demand for inference-focused AI chips, with the “next Nvidia” trade putting added spotlight on the stock. The ‘Next Nvidia’ Trade? Why Investors Are Suddenly Watching Advanced Micro Devices, Arm Holdings, and Marvell Technology
• Neutral Sentiment: Multiple previews say Marvell’s upcoming earnings could be a major catalyst, with options pricing implying a sizable post-report move and the stock seen as capable of reaching new highs if guidance is strong. Here’s How Much Marvell Stock Is Expected to Move After Earnings
• Neutral Sentiment: Marvell is set to report earnings Wednesday afternoon, and investors are waiting to see whether results confirm the recent AI-driven optimism. Marvell Technology (MRVL) To Report Earnings Tomorrow: Here Is What To Expect
• Negative Sentiment: One report warns that Marvell is becoming highly overbought and overvalued heading into earnings, suggesting some traders may be cautious despite the bullish narrative. Marvell Technology Stock Gets Highly Overbought, Overvalued Ahead Of Earnings

Marvell Technology Stock Performance

Shares of Marvell Technology stock opened at $196.33 on Tuesday. The stock has a market capitalization of $176.17 billion, a P/E ratio of 63.74, a price-to-earnings-growth ratio of 1.64 and a beta of 2.25. 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 company has a 50-day simple moving average of $136.99 and a 200 day simple moving average of $102.89. Marvell Technology, Inc. has a 12-month low of $58.61 and a 12-month high of $198.40.

Marvell Technology (NASDAQ:MRVL) last announced its earnings results on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. The business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Marvell Technology had a net margin of 32.58% and a return on equity of 14.22%. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter last year, the company posted $0.60 EPS. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. Research analysts expect that Marvell Technology, Inc. will post 3.04 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Friday, April 10th were issued a dividend of $0.06 per share. 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 is currently 7.79%.

Analyst Ratings Changes

MRVL has been the subject of a number of recent research reports. Wall Street Zen cut shares of Marvell Technology from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. UBS Group increased their price objective on shares of Marvell Technology from $120.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Weiss Ratings restated a “hold (c)” rating on shares of Marvell Technology in a research note on Friday, March 27th. Zacks Research upgraded shares of Marvell Technology from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Finally, Melius Research set a $220.00 price objective on shares of Marvell Technology in a research note on Monday, May 18th. Two research 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 company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.