Brookstone Capital Management Raises Holdings in Marvell Technology, Inc. $MRVL

Key Points

• Brookstone Capital Management increased its Marvell Technology stake by 296.5% in the second quarter, ending with 11,210 shares valued at approximately $3.34 million. Institutional investors collectively own 83.51% of MRVL.
• Analysts maintain a broadly positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $245.94; several firms recently raised targets as high as $270.
• Marvell reported quarterly revenue of $2.42 billion, up 27.6% year over year, and earnings of $0.80 per share. However, insiders have recently sold shares, and the stock’s high valuation and volatility could increase downside risk.

Brookstone Capital Management increased its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 296.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,210 shares of the semiconductor company's stock after purchasing an additional 8,383 shares during the period. Brookstone Capital Management's holdings in Marvell Technology were worth $3,339,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Focused Wealth Management Inc purchased a new stake in Marvell Technology during the 1st quarter worth about $608,000. Swedbank AB lifted its holdings in Marvell Technology by 2.8% in the 1st quarter. Swedbank AB now owns 3,189,551 shares of the semiconductor company's stock valued at $315,925,000 after purchasing an additional 85,816 shares in the last quarter. Wilson Asset Management International PTY Ltd. lifted its holdings in Marvell Technology by 20.4% in the 4th quarter. Wilson Asset Management International PTY Ltd. now owns 134,642 shares of the semiconductor company's stock valued at $11,442,000 after purchasing an additional 22,837 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Marvell Technology by 49.7% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 273,647 shares of the semiconductor company's stock worth $27,105,000 after purchasing an additional 90,800 shares during the last quarter. Finally, Varma Mutual Pension Insurance Co boosted its stake in shares of Marvell Technology by 25.4% during the 4th quarter. Varma Mutual Pension Insurance Co now owns 158,588 shares of the semiconductor company's stock worth $13,477,000 after purchasing an additional 32,130 shares during the last quarter. Hedge funds and other institutional investors own 83.51% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Erste Group Bank lowered shares of Marvell Technology from a "buy" rating to a "hold" rating in a research report on Wednesday, July 15th. Susquehanna raised their target price on shares of Marvell Technology from $100.00 to $230.00 and gave the stock a "positive" rating in a research report on Tuesday, May 26th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $240.00 target price on shares of Marvell Technology in a research note on Friday, June 12th. Raymond James Financial set a $235.00 price target on Marvell Technology and gave the company a "strong-buy" rating in a report on Thursday, May 28th. Finally, Needham & Company LLC increased their price target on Marvell Technology from $118.00 to $270.00 and gave the stock a "buy" rating in a research note on Thursday, May 28th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $245.94.

Marvell Technology Trading Up 2.3%

NASDAQ MRVL opened at $222.18 on Friday. Marvell Technology, Inc. has a 12 month low of $61.44 and a 12 month high of $329.88. The company has a 50-day moving average of $238.42 and a 200-day moving average of $165.28. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.28 and a quick ratio of 2.66. The company has a market cap of $194.36 billion, a P/E ratio of 76.09, a P/E/G ratio of 1.36 and a beta of 2.24.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share for the quarter, hitting 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 period in the prior year, the firm posted $0.62 EPS. The company's 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. As a group, equities analysts predict that Marvell Technology, Inc. will post 3.07 earnings per share for the current year.

Marvell Technology Dividend Announcement

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

Key Stories Impacting Marvell Technology

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

• Positive Sentiment: Management’s higher long-term outlook for data-center demand is strengthening the investment case, particularly as Marvell expands its custom silicon, optical networking and high-speed interconnect businesses. The stock’s decline from its highs is also attracting “buy the dip” interest. Down 37% From Its Highs, Is Marvell Technology Stock a Buy on the Dip?
• Positive Sentiment: Goldman Sachs raised its 12-month price target after MRVL rallied nearly 40% over two weeks, adding to a series of bullish analyst views. Recent coverage also highlighted a rating upgrade and price targets well above the current trading range. Wall Street sets Marvell stock price for the next 12 months
• Positive Sentiment: Industry commentary points to a rapidly expanding AI networking buildout. Marvell’s optical and interconnect technologies could benefit as data-center operators scale AI clusters, while products such as Bravera SC6, Structera X and Photonic Fabric broaden its AI portfolio. Lumentum Puts The Insane Opportunity for Companies like Marvell and Ciena Into Focus With One Stunning Quote
• Positive Sentiment: Marvell’s planned $250 million investment in India will expand engineering capacity, local facilities and partnerships supporting semiconductor, AI and cloud development. Why Is Marvell Technology Investing $250 Million in India Now?
• Neutral Sentiment: Investors are positioning for Marvell’s upcoming earnings report and the next wave of AI-sector results in late August and early September; technical indicators also suggest the possibility of a short-term rebound before earnings. Marvell Technology Stock Might Offer a Quick Bounce Before Earnings
• Negative Sentiment: Quiver Quantitative data shows 21 insider sales and no insider purchases over the past six months, a potential cautionary signal after the sharp rebound. MRVL also remains a high-beta stock trading at a demanding earnings multiple, leaving it vulnerable to profit-taking and disappointment in AI growth expectations.

Insider Buying and Selling at Marvell Technology

In other news, COO Chris Koopmans sold 10,000 shares of the company's stock in a transaction on Monday, June 1st. The stock was sold at an average price of $205.87, for a total transaction of $2,058,700.00. Following the completion of the sale, the chief operating officer directly owned 237,392 shares in the company, valued at $48,871,891.04. This represents a 4.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandeep Bharathi sold 2,231 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $299.13, for a total value of $667,359.03. Following the completion of the transaction, the insider directly owned 55,530 shares in the company, valued at $16,610,688.90. This trade represents a 3.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Insiders have sold a total of 34,481 shares of company stock worth $7,982,532 in the last quarter. 0.12% of the stock is owned by insiders.

Marvell Technology Company 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.

Want to see what other hedge funds are holding MRVL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marvell Technology, Inc. (NASDAQ:MRVL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source