Marvell Technology, Inc. $MRVL Shares Sold by Milestone Asset Management LLC

Milestone Asset Management LLC reduced its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 43.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,097 shares of the semiconductor company’s stock after selling 2,337 shares during the quarter. Milestone Asset Management LLC’s holdings in Marvell Technology were worth $923,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. State Street Corp grew its holdings in shares of Marvell Technology by 7.9% during the fourth quarter. State Street Corp now owns 22,834,816 shares of the semiconductor company’s stock worth $1,940,503,000 after purchasing an additional 1,677,724 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Marvell Technology by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 12,108,452 shares of the semiconductor company’s stock valued at $1,025,185,000 after purchasing an additional 97,624 shares during the last quarter. Norges Bank acquired a new stake in shares of Marvell Technology in the 4th quarter valued at about $895,455,000. Van ECK Associates Corp boosted its position in shares of Marvell Technology by 11.4% in the 4th quarter. Van ECK Associates Corp now owns 9,864,514 shares of the semiconductor company’s stock valued at $838,286,000 after purchasing an additional 1,007,315 shares during the period. Finally, Northern Trust Corp grew its stake in Marvell Technology by 9.7% during the 4th quarter. Northern Trust Corp now owns 6,798,272 shares of the semiconductor company’s stock worth $577,717,000 after buying an additional 598,920 shares during the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Marvell Technology Trading Up 2.3%

Shares of Marvell Technology stock opened at $222.18 on Friday. The firm has a market cap of $194.36 billion, a price-to-earnings ratio of 76.09, a price-to-earnings-growth ratio of 1.36 and a beta of 2.24. Marvell Technology, Inc. has a 52-week low of $61.44 and a 52-week high of $329.88. The company’s 50-day simple moving average is $238.42 and its 200-day simple moving average is $165.28. The company has a quick ratio of 2.66, a current ratio of 3.28 and a debt-to-equity ratio of 0.27.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter last year, the firm earned $0.62 earnings per share. The firm’s revenue was up 27.6% compared to the same quarter last year. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. As a group, equities research analysts anticipate that Marvell Technology, Inc. will post 3.07 earnings per share for the current year.

Marvell Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Friday, July 10th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, July 10th. Marvell Technology’s dividend payout ratio (DPR) is currently 8.22%.

Insider Activity at Marvell Technology

In related news, CFO Daniel Durn sold 2,250 shares of Marvell Technology stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $281.01, for a total value of $632,272.50. Following the sale, the chief financial officer directly owned 6,902 shares in the company, valued at $1,939,531.02. The trade was a 24.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Chris Koopmans sold 10,000 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $180.50, for a total value of $1,805,000.00. Following the transaction, the chief operating officer directly owned 227,941 shares in the company, valued at $41,143,350.50. This represents a 4.20% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 34,481 shares of company stock worth $7,982,532 over the last three months. 0.12% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Marvell Technology

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

• Positive Sentiment: Management’s higher long-term outlook for data-center demand is strengthening the investment case, particularly as Marvell expands its custom silicon, optical networking and high-speed interconnect businesses. The stock’s decline from its highs is also attracting “buy the dip” interest. Down 37% From Its Highs, Is Marvell Technology Stock a Buy on the Dip?
• Positive Sentiment: Goldman Sachs raised its 12-month price target after MRVL rallied nearly 40% over two weeks, adding to a series of bullish analyst views. Recent coverage also highlighted a rating upgrade and price targets well above the current trading range. Wall Street sets Marvell stock price for the next 12 months
• Positive Sentiment: Industry commentary points to a rapidly expanding AI networking buildout. Marvell’s optical and interconnect technologies could benefit as data-center operators scale AI clusters, while products such as Bravera SC6, Structera X and Photonic Fabric broaden its AI portfolio. Lumentum Puts The Insane Opportunity for Companies like Marvell and Ciena Into Focus With One Stunning Quote
• Positive Sentiment: Marvell’s planned $250 million investment in India will expand engineering capacity, local facilities and partnerships supporting semiconductor, AI and cloud development. Why Is Marvell Technology Investing $250 Million in India Now?
• Neutral Sentiment: Investors are positioning for Marvell’s upcoming earnings report and the next wave of AI-sector results in late August and early September; technical indicators also suggest the possibility of a short-term rebound before earnings. Marvell Technology Stock Might Offer a Quick Bounce Before Earnings
• Negative Sentiment: Quiver Quantitative data shows 21 insider sales and no insider purchases over the past six months, a potential cautionary signal after the sharp rebound. MRVL also remains a high-beta stock trading at a demanding earnings multiple, leaving it vulnerable to profit-taking and disappointment in AI growth expectations.

Analyst Ratings Changes

Several research analysts have commented on MRVL shares. Evercore reaffirmed an “outperform” rating and set a $155.00 price target on shares of Marvell Technology in a research report on Tuesday, May 19th. Citigroup increased their price objective on Marvell Technology from $118.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Cantor Fitzgerald raised their target price on shares of Marvell Technology from $220.00 to $300.00 and gave the stock a “neutral” rating in a research report on Monday, June 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $240.00 target price on shares of Marvell Technology in a report on Thursday, May 28th. Finally, Roth Capital upped their price target on shares of Marvell Technology from $135.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $245.94.

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.