Knights of Columbus Asset Advisors LLC Makes New Investment in Marvell Technology, Inc. $MRVL

Key Points

• Knights of Columbus Asset Advisors disclosed a new position in Marvell Technology, buying 14,152 shares worth about $1.2 million in the fourth quarter.
• Marvell’s latest earnings topped revenue expectations at $2.42 billion and matched EPS estimates at $0.80, while quarterly revenue rose 27.6% year over year.
• The company raised its fiscal 2027 and 2028 outlook on strong AI-related bookings and networking/custom silicon demand, and several Wall Street firms responded by lifting price targets.

Knights of Columbus Asset Advisors LLC purchased a new stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 14,152 shares of the semiconductor company's stock, valued at approximately $1,203,000.

Several other institutional investors have also recently made changes to their positions in MRVL. Vanguard Group Inc. grew its position in Marvell Technology by 23.5% during the third quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company's stock valued at $6,692,830,000 after buying an additional 15,166,976 shares during the period. Wilson Asset Management International PTY Ltd. raised its position in Marvell Technology by 20.4% in the fourth quarter. Wilson Asset Management International PTY Ltd. now owns 134,642 shares of the semiconductor company's stock worth $11,442,000 after acquiring an additional 22,837 shares during the period. Varma Mutual Pension Insurance Co boosted its stake in Marvell Technology by 25.4% in the fourth quarter. Varma Mutual Pension Insurance Co now owns 158,588 shares of the semiconductor company's stock valued at $13,477,000 after acquiring an additional 32,130 shares during the last quarter. Equitable Trust Co. boosted its stake in Marvell Technology by 23.3% in the third quarter. Equitable Trust Co. now owns 68,254 shares of the semiconductor company's stock valued at $5,738,000 after acquiring an additional 12,916 shares during the last quarter. Finally, Lombard Odier Asset Management USA Corp grew its position in shares of Marvell Technology by 60.5% during the 3rd quarter. Lombard Odier Asset Management USA Corp now owns 32,032 shares of the semiconductor company's stock valued at $2,693,000 after acquiring an additional 12,076 shares during the period. Institutional investors and hedge funds own 83.51% of the company's stock.

Key Headlines Impacting Marvell Technology

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

• Positive Sentiment: Marvell reported revenue of $2.42 billion, ahead of estimates, with EPS of $0.80 matching expectations, showing solid execution as data center demand remained strong. Marvell Technology, Inc. Reports First Quarter of Fiscal Year 2027 Financial Results
• Positive Sentiment: The company raised fiscal 2027 and 2028 revenue outlooks, citing exceptional AI-related bookings and stronger networking/custom silicon demand, which supports the view that growth could accelerate further. Marvell Lifts FY2027 Outlook As Revenue Growth Nears 40%
• Positive Sentiment: Multiple Wall Street firms raised price targets after the report, including JPMorgan, Bank of America, RBC, Stifel, Citi, UBS and Benchmark, signaling growing confidence in Marvell’s AI infrastructure opportunity. Marvell Buy Rating Reiterated as Arcuri Lifts Price Target to $230 on Accelerating AI-Driven Data Center Momentum
• Neutral Sentiment: Management highlighted “agentic AI” as a potential new driver for networking and infrastructure demand, reinforcing the long-term growth story but offering more strategic commentary than near-term financial impact. Marvell Thinks Agentic AI Could Trigger Another Infrastructure Boom
• Negative Sentiment: Despite the beat and higher guidance, some investors sold the stock anyway, suggesting the market is worried the AI growth story is already priced in after a strong run-up. Marvell Stock Drops After Earnings Beat. It Sees Growth in Powering the AI Boom.

Analysts Set New Price Targets

A number of research firms recently commented on MRVL. Roth Mkm lifted their price target on shares of Marvell Technology from $135.00 to $275.00 and gave the stock a "buy" rating in a report on Wednesday. Benchmark increased their price objective on Marvell Technology from $130.00 to $275.00 and gave the company a "buy" rating in a report on Thursday. Compass Point set a $190.00 target price on Marvell Technology in a research report on Tuesday. Erste Group Bank began coverage on Marvell Technology in a research note on Thursday, April 2nd. They issued a "buy" rating on the stock. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Marvell Technology in a research report on Friday, March 27th. Two analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $208.64.

Marvell Technology Stock Up 3.1%

Marvell Technology stock opened at $204.83 on Friday. Marvell Technology, Inc. has a 1-year low of $58.61 and a 1-year high of $218.26. The firm has a market capitalization of $183.80 billion, a price-to-earnings ratio of 70.15, a P/E/G ratio of 1.66 and a beta of 2.25. The company has a current ratio of 2.01, a quick ratio of 1.58 and a debt-to-equity ratio of 0.28. The firm has a 50 day simple moving average of $143.83 and a 200 day simple moving average of $105.25.

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 (EPS) for the quarter, hitting the consensus estimate of $0.80. The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.41 billion. Marvell Technology had a return on equity of 14.89% and a net margin of 28.99%.The business's quarterly revenue was up 27.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.62 earnings per share. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. On average, analysts predict that Marvell Technology, Inc. will post 3.04 earnings per share for the current year.

Marvell Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Friday, April 10th were paid a $0.06 dividend. The ex-dividend date was Friday, April 10th. This represents a $0.24 annualized dividend and a yield of 0.1%. Marvell Technology's dividend payout ratio (DPR) is currently 7.79%.

Insider Buying and Selling at Marvell Technology

In other news, COO Chris Koopmans sold 10,000 shares of the company's stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $110.24, for a total transaction of $1,102,400.00. Following the sale, the chief operating officer directly owned 133,870 shares in the company, valued at $14,757,828.80. This represents a 6.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Willem A. Meintjes sold 30,000 shares of the stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $134.01, for a total transaction of $4,020,300.00. Following the completion of the sale, the chief financial officer directly owned 154,111 shares in the company, valued at approximately $20,652,415.11. The trade was a 16.29% 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. Over the last ninety days, insiders have sold 245,060 shares of company stock worth $29,901,072. 0.12% of the stock is owned by corporate insiders.

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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