Nordea Investment Management AB Sells 1,294,325 Shares of Marvell Technology, Inc. $MRVL

Nordea Investment Management AB trimmed its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 18.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,901,344 shares of the semiconductor company’s stock after selling 1,294,325 shares during the quarter. Nordea Investment Management AB’s holdings in Marvell Technology were worth $494,179,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of MRVL. Intech Investment Management LLC lifted its position in shares of Marvell Technology by 3.9% during the first quarter. Intech Investment Management LLC now owns 28,784 shares of the semiconductor company’s stock valued at $1,772,000 after purchasing an additional 1,085 shares in the last quarter. Inspire Investing LLC increased its stake in Marvell Technology by 114.1% in the 1st quarter. Inspire Investing LLC now owns 5,016 shares of the semiconductor company’s stock valued at $309,000 after buying an additional 2,673 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Marvell Technology by 149.7% in the 2nd quarter. Parallel Advisors LLC now owns 23,657 shares of the semiconductor company’s stock worth $1,831,000 after buying an additional 14,184 shares during the last quarter. Red Spruce Capital LLC bought a new position in shares of Marvell Technology in the second quarter valued at approximately $1,975,000. Finally, Parisi Gray Wealth Management lifted its holdings in Marvell Technology by 27.0% during the second quarter. Parisi Gray Wealth Management now owns 22,507 shares of the semiconductor company’s stock worth $1,742,000 after acquiring an additional 4,782 shares during the period. 83.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Craig Hallum reaffirmed a “buy” rating and set a $141.00 target price on shares of Marvell Technology in a research report on Wednesday, December 3rd. Citigroup reaffirmed a “buy” rating on shares of Marvell Technology in a research report on Monday, December 22nd. Needham & Company LLC raised their price target on shares of Marvell Technology from $95.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. UBS Group set a $100.00 price objective on Marvell Technology in a report on Wednesday, December 3rd. Finally, Oppenheimer restated an “outperform” rating and issued a $150.00 target price (up from $115.00) on shares of Marvell Technology in a research note on Wednesday, December 3rd. Four research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $116.03.

Insider Activity at Marvell Technology

In related news, EVP Mark Casper sold 5,000 shares of the company’s stock in a transaction on 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 sale, the executive vice president directly 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 filing with the SEC, which is available through this link. 0.33% of the stock is currently owned by insiders.

Marvell Technology Stock Performance

Marvell Technology stock opened at $82.89 on Tuesday. Marvell Technology, Inc. has a 1-year low of $47.08 and a 1-year high of $127.48. The company has a current ratio of 2.01, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $70.30 billion, a PE ratio of 29.08, a price-to-earnings-growth ratio of 0.81 and a beta of 1.95. The firm’s 50 day simple moving average is $87.28 and its 200 day simple moving average is $80.75.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.06 billion. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The business’s revenue for the quarter was up 36.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.43 EPS. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. As a group, analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 29th. Shareholders of record on Friday, January 9th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, January 9th. This represents a $0.24 annualized dividend and a yield of 0.3%. Marvell Technology’s dividend payout ratio is currently 8.42%.

Marvell Technology announced that its Board of Directors has authorized a share repurchase plan on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the semiconductor company to purchase up to 7.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its shares are undervalued.

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.