Fjarde AP Fonden Fourth Swedish National Pension Fund Has $15.54 Million Stock Position in Marvell Technology, Inc. $MRVL

Key Points

• Fjarde AP Fonden trimmed its Marvell Technology stake by 2.1% in the fourth quarter, though it still held 182,847 shares valued at about $15.54 million.
• Insiders have been selling shares: CFO Willem A. Meintjes and insider Sandeep Bharathi both completed large pre-arranged sales, and Marvell insiders sold 255,060 shares worth nearly $32 million over the last 90 days.
• Marvell reported solid quarterly results, with EPS of $0.80 matching estimates and revenue of $2.42 billion, up 27.6% year over year; analysts remain mostly bullish, with a consensus Moderate Buy rating and average price target of $218.58.

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 182,847 shares of the semiconductor company's stock after selling 4,000 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Marvell Technology were worth $15,538,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of MRVL. Laurel Wealth Advisors LLC acquired a new position in Marvell Technology in the 4th quarter valued at about $25,000. Cherry Tree Wealth Management LLC acquired a new position in Marvell Technology in the 4th quarter valued at about $26,000. Elyxium Wealth LLC bought a new stake in Marvell Technology in the 4th quarter valued at about $40,000. Strive Asset Management LLC bought a new stake in Marvell Technology in the 3rd quarter valued at about $42,000. Finally, Avalon Trust Co boosted its holdings in Marvell Technology by 70.6% in the 3rd quarter. Avalon Trust Co now owns 650 shares of the semiconductor company's stock valued at $55,000 after purchasing an additional 269 shares during the period. Institutional investors and hedge funds own 83.51% of the company's stock.

Insider Transactions at Marvell Technology

In other Marvell Technology news, CFO Willem A. Meintjes sold 30,000 shares of the company's stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $134.01, for a total value of $4,020,300.00. Following the completion of the transaction, the chief financial officer directly owned 154,111 shares in the company, valued at approximately $20,652,415.11. This represents a 16.29% decrease in their position. The sale 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Sandeep Bharathi sold 66,892 shares of the company's stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $130.35, for a total transaction of $8,719,372.20. Following the completion of the transaction, the insider owned 55,199 shares of the company's stock, valued at approximately $7,195,189.65. This trade represents a 54.79% 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. In the last 90 days, insiders sold 255,060 shares of company stock worth $31,959,772. 0.12% of the stock is currently owned by insiders.

Marvell Technology Stock Performance

Shares of Marvell Technology stock opened at $263.47 on Friday. The company has a 50 day moving average of $164.84 and a 200-day moving average of $112.56. Marvell Technology, Inc. has a 1-year low of $61.44 and a 1-year high of $324.20. The company has a current ratio of 3.28, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27. The company has a market cap of $230.48 billion, a PE ratio of 90.23, a price-to-earnings-growth ratio of 1.75 and a beta of 2.29.

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 (EPS) for the quarter, hitting analysts' consensus estimates of $0.80. The business had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.41 billion. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The firm's quarterly revenue was up 27.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.62 EPS. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. As a group, equities research analysts forecast that Marvell Technology, Inc. will post 3.08 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

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

Key Stories Impacting Marvell Technology

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

• Positive Sentiment: Raymond James raised its price target on Marvell to $235 from $105 and reiterated a Strong Buy rating, reflecting continued analyst confidence. Raymond James Raises its Price Target on Marvell (MRVL) to $235 from $105
• Neutral Sentiment: Marvell received unusual call-option activity, which may signal trader interest, but it does not by itself change the fundamental outlook.
• Neutral Sentiment: There was ongoing speculation that Marvell could be added to the S&P 500 in an upcoming index rebalancing, which could provide a passive-fund boost if it happens.
• Negative Sentiment: Broader chip stocks sold off after Broadcom’s outlook disappointed Wall Street, dragging MRVL down with the sector. Micron, Marvell, and Broadcom lead chipmakers' premarket losses
• Negative Sentiment: Several reports warned that Marvell was overbought after its rapid run-up, making it vulnerable to profit-taking and a momentum unwind. Why Is Marvell Technology Stock Falling On Friday?

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Raymond James Financial set a $235.00 price objective on shares of Marvell Technology and gave the company a "strong-buy" rating in a report on Thursday, May 28th. TD Cowen boosted their price objective on shares of Marvell Technology from $180.00 to $200.00 and gave the company a "hold" rating in a report on Thursday, May 28th. Weiss Ratings reissued a "hold (c)" rating on shares of Marvell Technology in a report on Friday, March 27th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $240.00 price objective on shares of Marvell Technology in a report on Thursday, May 28th. Finally, Evercore reissued an "outperform" rating and issued a $155.00 price objective on shares of Marvell Technology in a report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Marvell Technology has a consensus rating of "Moderate Buy" and an average target price of $218.58.

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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