Burney Co. Cuts Stock Holdings in Marvell Technology, Inc. $MRVL

Key Points

• Burney Co. cut its Marvell Technology position by 62.6% in the second quarter, selling 16,972 shares and retaining 10,144 shares valued at approximately $3.02 million.
• Institutional ownership remains high at 83.51%, with major investors including State Street, Geode Capital, Norges Bank, Van ECK and Northern Trust holding substantial stakes.
• Analysts maintain a broadly bullish view, with a consensus “Moderate Buy” rating and a $245.94 price target, though Marvell’s elevated valuation, high beta and continued insider selling present potential risks.

Burney Co. lowered its position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 62.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,144 shares of the semiconductor company's stock after selling 16,972 shares during the period. Burney Co.'s holdings in Marvell Technology were worth $3,022,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. State Street Corp raised its stake in shares of Marvell Technology by 7.9% during the 4th quarter. State Street Corp now owns 22,834,816 shares of the semiconductor company's stock worth $1,940,503,000 after buying an additional 1,677,724 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Marvell Technology by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 12,108,452 shares of the semiconductor company's stock valued at $1,025,185,000 after buying an additional 97,624 shares during the period. Norges Bank purchased a new stake in shares of Marvell Technology in the fourth quarter valued at approximately $895,455,000. Van ECK Associates Corp grew its holdings in Marvell Technology by 11.4% during the fourth quarter. Van ECK Associates Corp now owns 9,864,514 shares of the semiconductor company's stock worth $838,286,000 after acquiring an additional 1,007,315 shares during the period. Finally, Northern Trust Corp grew its holdings in Marvell Technology by 9.7% during the fourth quarter. Northern Trust Corp now owns 6,798,272 shares of the semiconductor company's stock worth $577,717,000 after acquiring an additional 598,920 shares during the period. Hedge funds and other institutional investors own 83.51% of the company's stock.

Key Marvell Technology News

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.

Analyst Upgrades and Downgrades

A number of research firms have commented on MRVL. Rosenblatt Securities reissued a "buy" rating and issued a $240.00 target price on shares of Marvell Technology in a report on Friday, June 12th. HSBC set a $300.00 price target on shares of Marvell Technology and gave the stock a "buy" rating in a research note on Tuesday, May 26th. Needham & Company LLC increased their price target on shares of Marvell Technology from $118.00 to $270.00 and gave the company a "buy" rating in a report on Thursday, May 28th. Susquehanna raised their price objective on shares of Marvell Technology from $100.00 to $230.00 and gave the company a "positive" rating in a research note on Tuesday, May 26th. Finally, Cantor Fitzgerald boosted their price objective on shares of Marvell Technology from $220.00 to $300.00 and gave the stock a "neutral" rating in a report on Monday, June 29th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $245.94.

Marvell Technology Stock Performance

Shares of MRVL stock opened at $222.18 on Friday. The stock has a fifty day moving average price of $238.42 and a 200 day moving average price of $165.28. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.66 and a current ratio of 3.28. The stock has a market cap of $194.36 billion, a PE ratio of 76.09, a P/E/G ratio of 1.36 and a beta of 2.24. Marvell Technology, Inc. has a 1 year low of $61.44 and a 1 year high of $329.88.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its earnings results 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 company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the prior year, the company earned $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. Sell-side analysts forecast that Marvell Technology, Inc. will post 3.07 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Friday, July 10th were given a $0.06 dividend. The ex-dividend date was Friday, July 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. Marvell Technology's payout ratio is currently 8.22%.

Insider Activity at Marvell Technology

In other Marvell Technology news, COO Chris Koopmans sold 10,000 shares of the firm's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $180.50, for a total transaction of $1,805,000.00. Following the completion of the transaction, the chief operating officer directly owned 227,941 shares in the company, valued at approximately $41,143,350.50. This trade represents a 4.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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 firm's stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $299.13, for a total transaction of $667,359.03. Following the transaction, the insider owned 55,530 shares of the company's stock, valued at $16,610,688.90. This trade represents a 3.86% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 34,481 shares of company stock valued at $7,982,532. Insiders own 0.12% of the company's stock.

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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