Azimuth Capital Investment Management LLC Has $37.95 Million Stake in Marvell Technology, Inc. $MRVL

Key Points

• Azimuth Capital Investment Management cut its Marvell Technology stake by 45.3% in the second quarter, selling 105,324 shares and retaining 127,414 shares valued at approximately $37.95 million.
• Marvell reported strong quarterly results, with revenue up 36.5% year over year to $2.74 billion and adjusted EPS of $0.94, supported by data-center demand and hyperscaler activity. Its planned Celestial AI acquisition is viewed as a potential catalyst for its optical-connectivity and AI infrastructure businesses.
• Wall Street remains broadly positive, with analysts assigning the stock a “Moderate Buy” consensus rating and an average price target of $265.76; institutional investors own 83.51% of the outstanding shares.

Azimuth Capital Investment Management LLC lessened its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 45.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 127,414 shares of the semiconductor company's stock after selling 105,324 shares during the quarter. Marvell Technology comprises about 1.3% of Azimuth Capital Investment Management LLC's investment portfolio, making the stock its 10th largest position. Azimuth Capital Investment Management LLC's holdings in Marvell Technology were worth $37,955,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MRVL. BlackRock Inc. grew its holdings in Marvell Technology by 34.1% during the 2nd quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company's stock worth $25,511,649,000 after acquiring an additional 21,798,190 shares during the period. Norges Bank bought a new stake in shares of Marvell Technology during the 4th quarter valued at $895,455,000. Bank of America Corp DE acquired a new position in shares of Marvell Technology in the 2nd quarter valued at $2,607,795,000. Legal & General Group Plc acquired a new position in shares of Marvell Technology in the 2nd quarter valued at $1,742,526,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Marvell Technology by 153.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 7,957,985 shares of the semiconductor company's stock worth $2,370,604,000 after purchasing an additional 4,815,725 shares during the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Marvell Technology News Roundup

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

• Positive Sentiment: Marvell’s planned acquisition of Celestial AI is providing the biggest near-term catalyst. The deal would add photonics technology designed to improve optical connectivity in AI data centers, potentially expanding Marvell’s opportunity as hyperscalers require more bandwidth. Why Marvell Stock Rallied Today
• Positive Sentiment: Investors are buying beaten-down AI silicon names as the market continues to anticipate strong hyperscaler spending. Marvell’s exposure to custom chips, networking and optical interconnects makes it a potential beneficiary of continued AI data-center investment. Marvell Rises as AI Silicon Rebounds
• Positive Sentiment: A recent earnings beat and raised multiyear outlook continue to support the bullish case. Quarterly revenue rose 36.5% year over year to $2.74 billion, while adjusted EPS of $0.94 exceeded estimates; data-center demand and an expanded hyperscaler relationship were key drivers.
• Positive Sentiment: An RBC analyst reportedly favors Marvell over Broadcom as an AI-stock dip-buying opportunity, reinforcing optimism that Marvell’s custom-silicon and connectivity businesses can benefit from the next phase of AI infrastructure expansion. RBC Analyst Compares Marvell and Broadcom

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MRVL shares. TD Cowen lifted their price objective on Marvell Technology from $225.00 to $245.00 and gave the stock a "hold" rating in a research note on Friday, August 28th. DA Davidson set a $225.00 target price on Marvell Technology in a research note on Tuesday, August 18th. Oppenheimer raised their target price on Marvell Technology from $300.00 to $325.00 and gave the stock an "outperform" rating in a report on Friday, August 28th. Susquehanna boosted their target price on Marvell Technology from $230.00 to $265.00 and gave the stock a "positive" rating in a research report on Tuesday, August 25th. Finally, KeyCorp reaffirmed an "overweight" rating on shares of Marvell Technology in a research note on Friday, August 28th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $265.76.

Marvell Technology Stock Performance

MRVL stock opened at $223.55 on Friday. Marvell Technology, Inc. has a 1-year low of $62.47 and a 1-year high of $329.88. The company has a current ratio of 3.17, a quick ratio of 2.62 and a debt-to-equity ratio of 0.27. The firm has a market cap of $196.03 billion, a PE ratio of 73.78, a P/E/G ratio of 2.17 and a beta of 2.25. The business's 50-day moving average price is $220.24 and its two-hundred day moving average price is $181.17.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its quarterly earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.01. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.72 billion. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%.The company's revenue for the quarter was up 36.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.67 earnings per share. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. As a group, research analysts forecast that Marvell Technology, Inc. will post 3.03 earnings per share for the current year.

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Friday, July 10th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Friday, July 10th. Marvell Technology's dividend payout ratio is presently 7.92%.

Insiders Place Their Bets

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 transaction of $632,272.50. Following the sale, the chief financial officer directly owned 6,902 shares in the company, valued at approximately $1,939,531.02. This trade represents a 24.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Chris Koopmans sold 10,000 shares of Marvell Technology stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $203.27, for a total transaction of $2,032,700.00. Following the completion of the transaction, the chief operating officer directly owned 217,941 shares in the company, valued at approximately $44,300,867.07. The trade was a 4.39% 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 sold a total of 41,981 shares of company stock valued at $9,727,132 in the last quarter. 0.12% of the stock is owned by company insiders.

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.

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