Marvell Technology, Inc. $MRVL Shares Sold by Triglav Investments D.O.O.

Triglav Investments D.O.O. decreased its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 42.6% during the 1st quarter, Holdings Channel reports. The firm owned 20,000 shares of the semiconductor company’s stock after selling 14,859 shares during the quarter. Triglav Investments D.O.O.’s holdings in Marvell Technology were worth $1,981,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Laurel Wealth Advisors LLC acquired a new position in shares of Marvell Technology in the fourth quarter worth $25,000. Hilton Head Capital Partners LLC raised its stake in Marvell Technology by 978.3% in the 1st quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 225 shares during the last quarter. Jessup Wealth Management Inc acquired a new stake in shares of Marvell Technology during the 4th quarter worth about $25,000. Cherry Tree Wealth Management LLC purchased a new stake in shares of Marvell Technology during the fourth quarter worth about $26,000. Finally, MidFirst Bank acquired a new position in shares of Marvell Technology in the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

Marvell Technology News Roundup

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

• Positive Sentiment: Marvell highlighted progress in its AI infrastructure business, with reports that its five AI growth engines support plans for about 40% revenue growth in fiscal 2027 and 45% in fiscal 2028. Article Title
• Positive Sentiment: Marvell also got a boost from analyst sentiment, with RBC Capital reaffirming a $360 price target as the AI-chip rebound lifted semiconductors broadly. Article Title
• Positive Sentiment: News that Marvell’s Tower PIC shipments for AI data-center optics reached 5 million units supports the view that demand for its optical and connectivity products remains strong. Article Title
• Neutral Sentiment: Shares were helped at times by a broader semiconductor rebound and improved market tone, including strength in the Nasdaq and AI-related stocks. Article Title
• Negative Sentiment: MRVL also slipped alongside other chip names ahead of SK Hynix’s U.S. trading debut, reflecting rotation and caution in the memory/AI chip space. Article Title
• Negative Sentiment: After a big advance over the past year, some investors and commentators are questioning whether Marvell’s valuation already reflects much of the AI optimism, which can weigh on the shares near term. Article Title

Insider Activity at Marvell Technology

In other news, insider Sandeep Bharathi sold 2,231 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $299.13, for a total value of $667,359.03. Following the transaction, the insider directly owned 55,530 shares of the company’s stock, valued at approximately $16,610,688.90. This represents a 3.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Matthew J. Murphy sold 7,500 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $177.26, for a total value of $1,329,450.00. Following the sale, the chief executive officer owned 739,397 shares of the company’s stock, valued at approximately $131,065,512.22. This represents a 1.00% decrease in their ownership of the stock. 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. Over the last 90 days, insiders sold 160,373 shares of company stock worth $24,938,664. Insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

MRVL has been the topic of a number of analyst reports. Erste Group Bank began coverage on shares of Marvell Technology in a research report on Thursday, April 2nd. They set a “buy” rating on the stock. Barclays upped their target price on Marvell Technology from $150.00 to $275.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. KeyCorp lifted their price target on Marvell Technology from $260.00 to $385.00 and gave the company an “overweight” rating in a report on Thursday, June 18th. The Goldman Sachs Group set a $180.00 price objective on shares of Marvell Technology in a report on Thursday, May 28th. Finally, Citigroup boosted their target price on shares of Marvell Technology from $118.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $244.97.

Marvell Technology Price Performance

MRVL opened at $235.81 on Monday. Marvell Technology, Inc. has a 52-week low of $61.44 and a 52-week high of $329.88. The company has a 50 day moving average of $236.79 and a two-hundred day moving average of $145.36. The company has a market cap of $206.29 billion, a P/E ratio of 80.76, a P/E/G ratio of 1.54 and a beta of 2.20. 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 posted its earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the previous year, the business posted $0.62 EPS. The business’s quarterly revenue was up 27.6% on a year-over-year basis. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. On average, analysts expect that Marvell Technology, Inc. will post 3.07 earnings per share for the current year.

Marvell Technology Dividend Announcement

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

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.