Fisher Funds Management LTD Sells 8,700 Shares of Marvell Technology, Inc. $MRVL

Key Points

• Fisher Funds Management cut its Marvell Technology stake by 52.9% in the second quarter, selling 8,700 shares and retaining 7,753 shares valued at approximately $2.31 million. Institutional investors collectively own 83.51% of MRVL.
• Marvell insiders sold 34,481 shares worth about $7.98 million over the past 90 days, with the reported transactions conducted under pre-arranged Rule 10b5-1 plans; insiders own just 0.12% of the company.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $245.94. Marvell’s latest quarterly revenue rose 27.6% year over year to $2.42 billion, supported by growing data-center and AI infrastructure demand.

Fisher Funds Management LTD reduced its holdings in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 52.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,753 shares of the semiconductor company's stock after selling 8,700 shares during the quarter. Fisher Funds Management LTD's holdings in Marvell Technology were worth $2,310,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MRVL. Arlington Trust Co LLC boosted its holdings in shares of Marvell Technology by 24.1% during the 2nd quarter. Arlington Trust Co LLC now owns 268 shares of the semiconductor company's stock worth $80,000 after buying an additional 52 shares in the last quarter. GoalVest Advisory LLC increased its stake in shares of Marvell Technology by 26.0% in the 2nd quarter. GoalVest Advisory LLC now owns 315 shares of the semiconductor company's stock valued at $94,000 after acquiring an additional 65 shares in the last quarter. Mayflower Financial Advisors LLC increased its stake in shares of Marvell Technology by 1.7% in the 1st quarter. Mayflower Financial Advisors LLC now owns 4,109 shares of the semiconductor company's stock valued at $407,000 after acquiring an additional 68 shares in the last quarter. Bell Investment Advisors Inc lifted its position in shares of Marvell Technology by 12.9% during the 1st quarter. Bell Investment Advisors Inc now owns 628 shares of the semiconductor company's stock valued at $62,000 after acquiring an additional 72 shares during the period. Finally, World Equity Group Inc. lifted its position in shares of Marvell Technology by 2.1% during the 1st quarter. World Equity Group Inc. now owns 3,919 shares of the semiconductor company's stock valued at $388,000 after acquiring an additional 80 shares during the period. 83.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, 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 sale, the insider directly owned 55,530 shares of the company's stock, valued at approximately $16,610,688.90. This represents a 3.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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. Also, COO Chris Koopmans sold 10,000 shares of the firm's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $180.50, for a total value of $1,805,000.00. Following the transaction, the chief operating officer owned 227,941 shares in the company, valued at approximately $41,143,350.50. This trade represents a 4.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 34,481 shares of company stock worth $7,982,532. 0.12% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on MRVL. TD Cowen increased their target price on shares of Marvell Technology from $180.00 to $200.00 and gave the stock a "hold" rating in a research note on Thursday, May 28th. Susquehanna lifted their price target 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. Cantor Fitzgerald upped their price objective on shares of Marvell Technology from $220.00 to $300.00 and gave the company a "neutral" rating in a report on Monday, June 29th. Morgan Stanley increased their price objective on shares of Marvell Technology from $172.00 to $195.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 28th. Finally, Needham & Company LLC raised their target price on Marvell Technology from $118.00 to $270.00 and gave the company a "buy" rating in a research note on Thursday, May 28th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, Marvell Technology presently has a consensus rating of "Moderate Buy" and an average price target of $245.94.

Key Headlines 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.

Marvell Technology Price Performance

Shares of NASDAQ MRVL opened at $222.18 on Friday. The stock has a market cap of $194.36 billion, a price-to-earnings ratio of 76.09, a PEG ratio of 1.36 and a beta of 2.24. 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 fifty-two week low of $61.44 and a fifty-two week high of $329.88. The firm's 50-day simple moving average is $238.42 and its 200 day simple moving average is $165.28.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, hitting analysts' consensus estimates of $0.80. The firm had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.41 billion. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The company's revenue for the quarter was up 27.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 EPS. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. As a group, research analysts anticipate that Marvell Technology, Inc. will post 3.07 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

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

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.

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