Marvell Technology, Inc. $MRVL Shares Bought by Jain Global LLC

Jain Global LLC raised its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 189.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 443,538 shares of the semiconductor company’s stock after purchasing an additional 290,402 shares during the quarter. Jain Global LLC owned 0.05% of Marvell Technology worth $37,288,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MRVL. Intech Investment Management LLC grew its holdings in Marvell Technology by 3.9% during the first quarter. Intech Investment Management LLC now owns 28,784 shares of the semiconductor company’s stock worth $1,772,000 after acquiring an additional 1,085 shares during the period. Foundations Investment Advisors LLC purchased a new stake in Marvell Technology in the 2nd quarter worth approximately $292,000. Avantax Advisory Services Inc. grew its stake in shares of Marvell Technology by 27.2% during the 2nd quarter. Avantax Advisory Services Inc. now owns 119,521 shares of the semiconductor company’s stock worth $9,251,000 after purchasing an additional 25,554 shares during the period. Citizens Financial Group Inc. RI increased its holdings in shares of Marvell Technology by 27.8% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 18,258 shares of the semiconductor company’s stock valued at $1,413,000 after purchasing an additional 3,974 shares in the last quarter. Finally, Kingsview Wealth Management LLC increased its holdings in shares of Marvell Technology by 71.6% during the 2nd quarter. Kingsview Wealth Management LLC now owns 20,767 shares of the semiconductor company’s stock valued at $1,607,000 after purchasing an additional 8,666 shares in the last quarter. 83.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Marvell Technology

In related news, EVP Mark Casper sold 5,000 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $93.08, for a total transaction of $465,400.00. Following the completion of the transaction, the executive vice president owned 19,418 shares in the company, valued at $1,807,427.44. This represents a 20.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.33% of the stock is currently owned by company insiders.

Marvell Technology Price Performance

Marvell Technology stock opened at $87.86 on Monday. The stock has a market capitalization of $76.82 billion, a P/E ratio of 28.53, a P/E/G ratio of 0.80 and a beta of 1.97. The company’s fifty day moving average price is $81.70 and its 200 day moving average price is $82.72. 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, Inc. has a 1 year low of $47.08 and a 1 year high of $102.77.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings data on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. The company 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 period in the prior year, the business posted $0.60 earnings per share. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. As a group, equities research analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

MRVL has been the topic of a number of recent analyst reports. Craig Hallum increased their price target on shares of Marvell Technology from $141.00 to $164.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Summit Insights raised shares of Marvell Technology from a “hold” rating to a “buy” rating in a report on Wednesday, December 3rd. Oppenheimer reiterated an “outperform” rating and issued a $150.00 price objective (up from $115.00) on shares of Marvell Technology in a research report on Wednesday, December 3rd. Stifel Nicolaus increased their target price on shares of Marvell Technology from $114.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Finally, Citigroup raised their target price on Marvell Technology from $113.00 to $118.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Marvell Technology currently has an average rating of “Moderate Buy” and an average target price of $117.24.

About Marvell Technology

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.