Marvell Technology, Inc. $MRVL Shares Purchased by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. grew its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 336,812 shares of the semiconductor company’s stock after buying an additional 9,180 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Marvell Technology were worth $28,622,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Atlantic Edge Private Wealth Management LLC raised its holdings in Marvell Technology by 160.0% during the third quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 200 shares in the last quarter. Nova Wealth Management Inc. lifted its position in Marvell Technology by 3,922.2% in the third quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 353 shares during the period. N.E.W. Advisory Services LLC bought a new position in Marvell Technology during the 2nd quarter valued at $32,000. Cary Street Partners Investment Advisory LLC bought a new position in Marvell Technology during the 2nd quarter valued at $34,000. Finally, Hollencrest Capital Management increased its position in shares of Marvell Technology by 23,350.0% during the 2nd quarter. Hollencrest Capital Management now owns 469 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 467 shares during the period. 83.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MRVL has been the subject of several research analyst reports. Susquehanna restated a “positive” rating on shares of Marvell Technology in a report on Tuesday, February 24th. Citigroup lifted their target price on Marvell Technology from $113.00 to $118.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Stifel Nicolaus boosted their price target on shares of Marvell Technology from $114.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Evercore reissued an “outperform” rating and issued a $133.00 price target on shares of Marvell Technology in a report on Wednesday, March 4th. Finally, Cantor Fitzgerald restated a “neutral” rating on shares of Marvell Technology in a research report on Friday, March 6th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $117.24.

Marvell Technology Stock Performance

MRVL opened at $87.81 on Tuesday. 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 firm has a market cap of $76.79 billion, a PE ratio of 28.51, a P/E/G ratio of 0.86 and a beta of 1.97. The business has a fifty day simple moving average of $83.51 and a 200-day simple moving average of $84.73. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week high of $102.77.

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. Marvell Technology had a return on equity of 14.22% and a net margin of 32.58%.The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same period in the previous year, the firm earned $0.60 earnings per share. Marvell Technology’s revenue for the quarter was up 22.1% compared to the same quarter last year. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. As a group, equities analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Friday, April 10th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, April 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. Marvell Technology’s dividend payout ratio is currently 7.79%.

Insider Buying and Selling at Marvell Technology

In related news, CEO Matthew J. Murphy sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 26th. The shares were sold at an average price of $98.70, for a total value of $2,961,000.00. Following the completion of the transaction, the chief executive officer owned 310,106 shares of the company’s stock, valued at approximately $30,607,462.20. This trade represents a 8.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Sandeep Bharathi sold 44,414 shares of Marvell Technology stock in a transaction that occurred on Thursday, March 26th. The stock was sold at an average price of $99.61, for a total transaction of $4,424,078.54. Following the transaction, the insider owned 55,199 shares in the company, valued at approximately $5,498,372.39. The trade was a 44.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 79,414 shares of company stock valued at $7,850,479. 0.33% of the stock is currently owned by corporate insiders.

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.