9,940 Shares in Marvell Technology, Inc. $MRVL Purchased by Aigen Investment Management LP

Key Points

• Aigen Investment Management LP opened a new position in Marvell Technology, buying 9,940 shares valued at about $845,000 in the fourth quarter.
• Institutional ownership in MRVL remains very high, with hedge funds and other investors holding 83.51% of the stock; several large firms, including Vanguard and Norges Bank, also added to positions recently.
• Analysts remain broadly bullish on Marvell, with a consensus rating of “Moderate Buy” and an average price target of $224.68, while some recent reports raised targets as high as $275 to $345.

Aigen Investment Management LP acquired a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,940 shares of the semiconductor company's stock, valued at approximately $845,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MRVL. Vanguard Group Inc. boosted its holdings in shares of Marvell Technology by 23.5% in the 3rd quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company's stock worth $6,692,830,000 after purchasing an additional 15,166,976 shares in the last quarter. Norges Bank purchased a new stake in Marvell Technology during the 4th quarter valued at about $895,455,000. Ameriprise Financial Inc. boosted its holdings in Marvell Technology by 59.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 16,624,827 shares of the semiconductor company's stock valued at $1,397,751,000 after acquiring an additional 6,217,952 shares during the period. Franklin Resources Inc. boosted its holdings in Marvell Technology by 47.0% during the 3rd quarter. Franklin Resources Inc. now owns 11,903,051 shares of the semiconductor company's stock valued at $1,000,689,000 after acquiring an additional 3,805,431 shares during the period. Finally, Rafferty Asset Management LLC boosted its holdings in Marvell Technology by 111.0% during the 2nd quarter. Rafferty Asset Management LLC now owns 5,810,359 shares of the semiconductor company's stock valued at $449,722,000 after acquiring an additional 3,056,808 shares during the period. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MRVL has been the subject of several analyst reports. Zacks Research upgraded Marvell Technology from a "strong sell" rating to a "hold" rating in a report on Tuesday, March 31st. Compass Point set a $190.00 target price on Marvell Technology in a report on Tuesday, May 26th. Craig Hallum increased their target price on Marvell Technology from $141.00 to $164.00 and gave the company a "buy" rating in a report on Friday, March 6th. Melius Research set a $220.00 target price on Marvell Technology in a report on Monday, May 18th. Finally, Benchmark upped their price target on Marvell Technology from $130.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $224.68.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, CFO Willem A. Meintjes sold 4,000 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $175.24, for a total transaction of $700,960.00. Following the sale, the chief financial officer directly owned 226,675 shares in the company, valued at approximately $39,722,527. This trade represents a 1.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew J. Murphy sold 7,500 shares of the firm's 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 completion of the transaction, the chief executive officer owned 739,397 shares in the company, valued at approximately $131,065,512.22. This trade 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. In the last quarter, insiders sold 255,060 shares of company stock worth $31,959,772. Insiders own 0.12% of the company's stock.

Marvell Technology Stock Performance

Shares of MRVL opened at $279.70 on Monday. The business's fifty day simple moving average is $182.49 and its two-hundred day simple moving average is $119.60. The company has a current ratio of 3.28, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27. Marvell Technology, Inc. has a 12 month low of $61.44 and a 12 month high of $324.20. The company has a market cap of $244.68 billion, a price-to-earnings ratio of 95.79, a P/E/G ratio of 1.83 and a beta of 2.29.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, meeting the consensus estimate of $0.80. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same period last year, the business posted $0.62 EPS. The company'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. Research analysts anticipate that Marvell Technology, Inc. will post 3.07 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Friday, April 10th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.1%. The ex-dividend date was Friday, April 10th. Marvell Technology's dividend payout ratio (DPR) is currently 8.22%.

Key Marvell Technology News

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

• Positive Sentiment: Marvell is set to join the S&P 500 on June 22, a move that can drive automatic buying from index funds and reinforce investor confidence in the company’s scale and profitability.
• Positive Sentiment: B. Riley raised its price target on Marvell to $345 and maintained a buy rating, signaling continued upside expectations for the AI-driven semiconductor business.
• Positive Sentiment: Erste Group lifted its FY2027 and FY2028 earnings estimates, reflecting higher expectations for Marvell’s long-term AI infrastructure growth.
• Positive Sentiment: Marvell’s appointment of Dan Durn as CFO, along with the company’s reaffirmed outlook, suggests management sees a stable transition while it continues pushing its AI growth strategy. Article: Marvell Taps Adobe CFO as AI Growth Push Continues
• Neutral Sentiment: Coverage across financial media continues to highlight Marvell as a major AI infrastructure name, which keeps the stock in focus but does not by itself change fundamentals.
• Neutral Sentiment: Some commentary notes that the stock has run up sharply and is trading at a premium valuation, which could lead to more volatility if expectations get too high.
• Negative Sentiment: Rosenblatt reaffirmed a buy rating but kept a $240 price target, which is below the current trading level and suggests some analysts see limited near-term upside from here.

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.

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