Flputnam Investment Management Co. Has $22.62 Million Stake in Marvell Technology, Inc. $MRVL

Flputnam Investment Management Co. cut its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 31.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,930 shares of the semiconductor company's stock after selling 35,490 shares during the quarter. Flputnam Investment Management Co.'s holdings in Marvell Technology were worth $22,619,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MRVL. Global Retirement Partners LLC acquired a new position in shares of Marvell Technology during the second quarter worth $5,867,000. Bank of New York Mellon Corp boosted its stake in shares of Marvell Technology by 153.3% during the second quarter. Bank of New York Mellon Corp now owns 7,957,985 shares of the semiconductor company's stock valued at $2,370,604,000 after purchasing an additional 4,815,725 shares in the last quarter. Concentrum Wealth Management grew its holdings in shares of Marvell Technology by 14.7% during the second quarter. Concentrum Wealth Management now owns 2,773 shares of the semiconductor company's stock worth $826,000 after purchasing an additional 355 shares during the last quarter. Prospect Financial Services LLC raised its holdings in Marvell Technology by 15.4% in the 2nd quarter. Prospect Financial Services LLC now owns 2,683 shares of the semiconductor company's stock valued at $799,000 after buying an additional 359 shares during the last quarter. Finally, Private Advisory Group LLC acquired a new stake in Marvell Technology during the 2nd quarter worth approximately $2,056,000. Institutional investors own 83.51% of the company's stock.

Insiders Place Their Bets

In related news, CEO Matthew J. Murphy sold 7,500 shares of the firm's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $236.08, for a total transaction of $1,770,600.00. Following the completion of the sale, the chief executive officer owned 783,186 shares in the company, valued at approximately $184,894,550.88. This trade represents a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Chris Koopmans sold 10,000 shares of Marvell Technology stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $180.50, for a total transaction of $1,805,000.00. Following the completion of the sale, the chief operating officer directly owned 227,941 shares in the company, valued at $41,143,350.50. This trade represents a 4.20% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 41,981 shares of company stock valued at $9,753,132. 0.12% of the stock is currently owned by company insiders.

Marvell Technology Stock Up 9.8%

MRVL stock opened at $237.27 on Thursday. Marvell Technology, Inc. has a twelve month low of $61.44 and a twelve month high of $329.88. The company has a quick ratio of 2.66, a current ratio of 3.28 and a debt-to-equity ratio of 0.27. The stock's 50 day moving average is $235.18 and its 200-day moving average is $169.36. The firm has a market capitalization of $207.56 billion, a PE ratio of 81.26, a P/E/G ratio of 1.35 and a beta of 2.24.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.80. The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.41 billion. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.Marvell Technology's revenue was up 27.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.62 earnings per share. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. Sell-side analysts expect that Marvell Technology, Inc. will post 3.07 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

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

Marvell Technology News Summary

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

• Positive Sentiment: Marvell granted Alphabet’s Google a warrant to purchase up to 58.97 million MRVL shares at $206.58 each. If fully exercised, the warrant would represent approximately 6.7% of Marvell’s outstanding stock and a potential investment of roughly $12.2 billion, creating a strategic alignment with one of the largest AI infrastructure buyers. Marvell shares jump as Google warrant deepens AI chip partnership
• Positive Sentiment: The agreement covers technologies connected to Google’s Tensor Processing Unit ecosystem, including AI inference accelerators, networking and storage products, memory-interface controllers and near-memory computing. Reports describe the broader commercial opportunity as potentially worth as much as $120 billion through 2033, although the ultimate value depends on execution and customer demand. Marvell Technology expands Google AI partnership
• Positive Sentiment: Investors are interpreting the deal as validation of Marvell’s custom silicon, connectivity and memory technologies as hyperscalers increasingly design their own AI systems. Analysts including William Blair and Raymond James remained constructive, citing improved long-term AI revenue visibility.
• Neutral Sentiment: Marvell is scheduled to report fiscal second-quarter results on August 27. Consensus expectations reportedly call for approximately $2.71 billion in revenue and about $0.87 in earnings per share, placing a high execution bar after the stock’s substantial rally.
• Negative Sentiment: The Google warrant could eventually increase Marvell’s share count, creating dilution for existing shareholders. In addition, MRVL trades at an elevated valuation—about 81 times earnings based on the supplied data—while the CEO recently sold 7,500 shares under a pre-arranged Rule 10b5-1 plan. These factors may increase volatility if results or guidance disappoint.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MRVL. Citigroup increased their price objective on Marvell Technology from $118.00 to $215.00 and gave the company a "buy" rating in a report on Tuesday, May 26th. Needham & Company LLC boosted their price target on shares of Marvell Technology from $118.00 to $270.00 and gave the stock a "buy" rating in a research report on Thursday, May 28th. William Blair restated an "outperform" rating on shares of Marvell Technology in a report on Thursday, May 28th. Erste Group Bank downgraded Marvell Technology from a "buy" rating to a "hold" rating in a research note on Wednesday, July 15th. Finally, Morgan Stanley increased their price target on Marvell Technology from $172.00 to $195.00 and gave the stock an "equal weight" rating in a report on Thursday, May 28th. Three equities research 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 stock. Based on data from MarketBeat, Marvell Technology has a consensus rating of "Moderate Buy" and an average target price of $244.81.

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