Hardman Johnston Global Advisors LLC Sells 31,900 Shares of Marvell Technology, Inc. $MRVL

Key Points

• Hardman Johnston sold 31,900 shares of Marvell (a 34.0% reduction), leaving it with 61,860 shares valued at about $5.20 million; institutional investors now own roughly 83.5% of the stock.
• Marvell beat Q results (EPS $0.76 vs. $0.74) with revenue of $2.07 billion, up 36.8% year‑over‑year, and set Q4 guidance of $0.740–0.840; analysts’ consensus is a “Moderate Buy” with an average target of $116.03.
• The company has authorized a $5.0 billion share buyback (up to ~7.8% of shares) and is expanding AI/data‑center capabilities (XConn acquisition), though there has been some insider selling and short‑term profit‑taking pressure.

Hardman Johnston Global Advisors LLC lessened its stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 34.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,860 shares of the semiconductor company's stock after selling 31,900 shares during the quarter. Hardman Johnston Global Advisors LLC's holdings in Marvell Technology were worth $5,201,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Ellsworth Advisors LLC bought a new position in shares of Marvell Technology during the third quarter worth about $5,864,000. Taylor Frigon Capital Management LLC increased its position in Marvell Technology by 16.5% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 33,605 shares of the semiconductor company's stock valued at $2,601,000 after purchasing an additional 4,748 shares during the period. Waterfront Wealth Inc. increased its position in Marvell Technology by 21.5% during the 2nd quarter. Waterfront Wealth Inc. now owns 18,394 shares of the semiconductor company's stock valued at $1,424,000 after purchasing an additional 3,258 shares during the period. BOCHK Asset Management Ltd bought a new position in Marvell Technology during the 2nd quarter worth approximately $1,486,000. Finally, Westbourne Investments Inc. lifted its position in shares of Marvell Technology by 442.4% in the 2nd quarter. Westbourne Investments Inc. now owns 21,695 shares of the semiconductor company's stock worth $1,679,000 after purchasing an additional 17,695 shares during the period. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Marvell Technology Stock Performance

Shares of Marvell Technology stock opened at $83.22 on Monday. The business has a 50-day simple moving average of $87.43 and a 200 day simple moving average of $80.73. The firm has a market capitalization of $70.58 billion, a price-to-earnings ratio of 29.20, a PEG ratio of 0.81 and a beta of 1.95. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.64. Marvell Technology, Inc. has a one year low of $47.08 and a one year high of $127.48.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its quarterly earnings data on Tuesday, December 2nd. The semiconductor company reported $0.76 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.02. Marvell Technology had a return on equity of 13.15% and a net margin of 31.75%.The firm had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $2.06 billion. During the same quarter last year, the firm posted $0.43 earnings per share. The company's revenue for the quarter was up 36.8% compared to the same quarter last year. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. On average, research analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 29th. Shareholders of record on Friday, January 9th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, January 9th. Marvell Technology's dividend payout ratio (DPR) is 8.42%.

Marvell Technology announced that its Board of Directors has approved a share repurchase program on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the semiconductor company to purchase up to 7.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.

Key Stories Impacting Marvell Technology

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

• Positive Sentiment: Acquisition: Marvell agreed to buy XConn to expand AI‑data‑center interconnect capabilities, which strengthens its addressable market and complements its silicon roadmap — a strategic move that supports longer‑term AI revenue prospects. Marvell Stock Pops as It Gears Up for the Next Generation of AI With XConn Acquisition
• Positive Sentiment: Analyst support: Rosenblatt reiterated a "Buy" and other broker notes remain constructive, citing robust AI bookings — this underpins upside expectations for data‑center demand. Rosenblatt Securities Reiterates "Buy" Rating for Marvell Technology NASDAQ: MRVL
• Positive Sentiment: Bull thesis intact: multiple deep‑dive pieces argue Marvell’s connectivity push validates the bullish case for secular AI and data‑center tailwinds for patient investors. Marvell Technology: Connectivity Push Keeps Bull Thesis Intact
• Neutral Sentiment: Valuation debate: commentary is mixed — some see recent weakness as a buying opportunity, others warn expectations for AI could already be baked in, fueling both dip‑buyers and caution. Is Marvell Technology (MRVL) Attractively Priced After Recent Share Price Weakness
• Neutral Sentiment: Options activity: elevated put volume has drawn attention — may indicate hedging or speculative bets ahead of near‑term volatility rather than a clear fundamental shift. Unusual Volume in Marvell Technology Put Options - Is MRVL Stock Undervalued?
• Negative Sentiment: Insider selling: EVP Mark Casper sold 5,000 shares recently — a disclosed sale that some traders view negatively even though single transactions don't necessarily signal business weakness. Mark Casper Sells 5,000 Shares of Marvell Technology NASDAQ: MRVL Stock
• Negative Sentiment: Near‑term profit‑taking: there was selling after the XConn announcement and headlines noting a post‑deal pullback — concerns focus on integration costs, margin impact and short‑term execution risk. Marvell stock falls after announcing XConn Technologies acquisition

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MRVL shares. The Goldman Sachs Group increased their price objective on shares of Marvell Technology from $80.00 to $90.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 3rd. Weiss Ratings reiterated a "hold (c)" rating on shares of Marvell Technology in a report on Monday, December 29th. KeyCorp lifted their price objective on Marvell Technology from $90.00 to $130.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft upped their target price on Marvell Technology from $90.00 to $125.00 and gave the company a "buy" rating in a research report on Wednesday, December 3rd. Finally, B. Riley reiterated a "buy" rating and issued a $130.00 target price (up from $100.00) on shares of Marvell Technology in a report on Wednesday, December 3rd. Four analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $116.03.

Insider Activity

In other news, EVP Mark Casper sold 5,000 shares of the business's stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $93.08, for a total transaction of $465,400.00. Following the completion of the sale, the executive vice president directly owned 19,418 shares of the company's stock, valued at $1,807,427.44. The trade was a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.33% of the stock is owned by corporate insiders.

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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