Annex Advisory Services LLC Sells 35,698 Shares of Marvell Technology, Inc. $MRVL

Key Points

• Annex Advisory Services cut its Marvell Technology stake by 62.9%, selling 35,698 shares and retaining 21,065 shares valued at approximately $6.3 million. Institutional investors and hedge funds collectively own 83.51% of MRVL.
• Analysts remain broadly bullish, with three Strong Buy, 27 Buy and seven Hold ratings; the stock has a “Moderate Buy” consensus and an average price target of $245.45.
• Marvell reported quarterly revenue of $2.42 billion, up 27.6% year over year, while earnings per share matched estimates at $0.80. However, insiders sold 38,481 shares worth $8.7 million over the past 90 days, and the stock trades at a high P/E ratio of 72.71.

Annex Advisory Services LLC cut its position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 62.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,065 shares of the semiconductor company's stock after selling 35,698 shares during the quarter. Annex Advisory Services LLC's holdings in Marvell Technology were worth $6,275,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MRVL. State Street Corp boosted its position in shares of Marvell Technology by 7.9% in the fourth quarter. State Street Corp now owns 22,834,816 shares of the semiconductor company's stock valued at $1,940,503,000 after acquiring an additional 1,677,724 shares during the period. Geode Capital Management LLC increased its position in Marvell Technology by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 12,108,452 shares of the semiconductor company's stock worth $1,025,185,000 after acquiring an additional 97,624 shares during the period. Norges Bank bought a new position in Marvell Technology during the fourth quarter worth about $895,455,000. Van ECK Associates Corp raised its stake in 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 worth $838,286,000 after purchasing an additional 1,007,315 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Marvell Technology by 9.7% in the 4th quarter. Northern Trust Corp now owns 6,798,272 shares of the semiconductor company's stock worth $577,717,000 after purchasing an additional 598,920 shares in the last quarter. 83.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MRVL has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their target price on shares of Marvell Technology from $135.00 to $240.00 and gave the stock an "overweight" rating in a research report on Thursday, May 28th. Bank of America lifted their price target on shares of Marvell Technology from $240.00 to $365.00 and gave the company a "buy" rating in a research report on Tuesday, June 23rd. Susquehanna boosted their price target on Marvell Technology from $100.00 to $230.00 and gave the company a "positive" rating in a research note on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $240.00 price target on shares of Marvell Technology in a research report on Thursday, May 28th. Finally, William Blair restated an "outperform" rating on shares of Marvell Technology in a research note on Thursday, May 28th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Marvell Technology currently has an average rating of "Moderate Buy" and a consensus price target of $245.45.

Insider Activity at Marvell Technology

In other Marvell Technology news, CFO Daniel Durn sold 2,250 shares of the firm's stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $281.01, for a total value of $632,272.50. Following the sale, the chief financial officer owned 6,902 shares in the company, valued at $1,939,531.02. This trade represents a 24.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Willem A. Meintjes sold 4,000 shares of the business's 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. The trade was a 1.73% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 38,481 shares of company stock valued at $8,683,492. Company insiders own 0.12% of the company's stock.

Marvell Technology Price Performance

Marvell Technology stock opened at $212.31 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.66 and a current ratio of 3.28. Marvell Technology, Inc. has a 52 week low of $61.44 and a 52 week high of $329.88. The stock has a market capitalization of $185.73 billion, a P/E ratio of 72.71, a price-to-earnings-growth ratio of 1.30 and a beta of 2.24. The stock has a fifty day moving average of $242.00 and a 200-day moving average of $163.33.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its quarterly earnings data 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 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 analyst estimates of $2.41 billion. During the same period last year, the firm posted $0.62 earnings per share. Marvell Technology'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. On average, sell-side analysts expect that Marvell Technology, Inc. will post 3.07 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

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

Marvell Technology News Summary

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

• Positive Sentiment: Marvell’s expanded alliance with NVIDIA, including a reported $2 billion investment, could strengthen its position in AI infrastructure and improve its ability to compete with Broadcom and Astera Labs. Can MRVL's NVDA Alliance Help it Challenge ALAB & AVGO?
• Positive Sentiment: Microsoft’s reported plan to secure capacity for more than 300,000 Maia 300 AI chips in 2027 could create a substantial opportunity for Marvell as a potential custom-silicon and infrastructure supplier. Microsoft's Maia 300 Could Be a Win for Marvell and TSMC
• Positive Sentiment: Analysts see Marvell as a possible beneficiary of AMD’s Helios rack-scale AI systems and Microsoft’s broader in-house-chip strategy, supporting the longer-term data-center growth narrative. Marvell Could Be Next Winner in Microsoft AI Bet
• Neutral Sentiment: Marvell’s next major catalyst is its August 27 earnings release. Investors are weighing strong AI data-center demand against the risks of elevated expectations and competition from Broadcom. What's Going On With Marvell Technology Stock Monday?
• Negative Sentiment: Recent selling reflects valuation concerns: analysts note that part of Marvell’s reported profitability comes from below-operating-line items, making the stock’s high multiple more dependent on future growth and execution. Marvell Technology Stock's Multiple Leans On Profit From Below The Operating Line
• Negative Sentiment: The stock has recently decreased more than the broader market as investors reassess the gap between its strong AI rally and its current fundamentals. Competition, high expectations and questions about the pace of the data-center ramp remain headwinds. Here's Why Marvell Technology Fell More Than the Broader Market

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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