Legal & General Group Plc Has $475.25 Million Stock Holdings in Marvell Technology, Inc. $MRVL

Key Points

• Legal & General increased its stake in Marvell by 5.5% to 5,652,970 shares, worth about $475.25 million (≈0.66% ownership) at the end of the quarter.
• Marvell beat Q4 expectations and raised FY guidance, with management citing accelerating AI/networking demand; the results prompted analyst upgrades and a consensus "Moderate Buy" price target of $117.24.
• Institutional ownership is high (83.51%), led by large positions such as Vanguard's 79.61M shares (~$6.69B) and a new Norges Bank stake (~$716.7M), reflecting strong institutional interest.

Legal & General Group Plc boosted its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 5.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,652,970 shares of the semiconductor company's stock after buying an additional 292,485 shares during the quarter. Legal & General Group Plc owned approximately 0.66% of Marvell Technology worth $475,245,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. 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 worth $6,692,830,000 after buying an additional 15,166,976 shares in the last quarter. Brown Advisory Inc. grew its stake in shares of Marvell Technology by 8.0% during the second quarter. Brown Advisory Inc. now owns 20,840,336 shares of the semiconductor company's stock worth $1,613,044,000 after buying an additional 1,539,809 shares during the last quarter. State Street Corp increased its holdings in Marvell Technology by 2.7% in the 2nd quarter. State Street Corp now owns 20,573,260 shares of the semiconductor company's stock worth $1,592,370,000 after purchasing an additional 533,946 shares in the last quarter. Ameriprise Financial Inc. increased its position in Marvell Technology by 16.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 10,406,875 shares of the semiconductor company's stock valued at $805,473,000 after acquiring an additional 1,464,571 shares during the period. Finally, Norges Bank acquired a new stake in Marvell Technology in the second quarter valued at $716,713,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.

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 stock was sold at an average price of $93.08, for a total transaction of $465,400.00. Following the completion of the transaction, the executive vice president owned 19,418 shares of the company's stock, valued at approximately $1,807,427.44. The trade was a 20.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.33% of the company's stock.

Marvell Technology Price Performance

MRVL opened at $93.30 on Wednesday. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $102.77. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.64. The firm's fifty day moving average price is $81.57 and its two-hundred day moving average price is $82.41. The company has a market capitalization of $81.28 billion, a price-to-earnings ratio of 30.29, a P/E/G ratio of 0.96 and a beta of 1.97.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its earnings results on Thursday, March 5th. The semiconductor company reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.01. Marvell Technology had a return on equity of 14.40% and a net margin of 32.58%.The company had revenue of $2.22 billion for the quarter, compared to analysts' expectations of $2.21 billion. During the same period in the previous year, the business posted $0.60 EPS. The business's revenue for the quarter was up 22.1% compared to the same quarter last year. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. As a group, analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Friday, January 9th were paid a $0.06 dividend. The ex-dividend date was Friday, January 9th. This represents a $0.24 annualized dividend and a yield of 0.3%. Marvell Technology's dividend payout ratio is currently 7.79%.

Key Stories Impacting Marvell Technology

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

• Positive Sentiment: Q4 beat and major guidance lift — Marvell reported revenue and EPS above expectations and raised FY2027/FY2028 revenue and EPS targets substantially (management now targets ~ $11B for FY2027 and ~$15B for FY2028 with “well over” $5 adjusted EPS). This is the primary driver of the stock’s strength today. Marvell’s Big Earnings Win Could Be the Start of Something Bigger
• Positive Sentiment: AI/networking demand validated by management — CEO commentary emphasized accelerating design wins and strong demand for AI networking and inference-optimized silicon, reinforcing the narrative that Marvell is capturing hyperscaler custom‑chip spending. Marvell Technology Shares Jump on Strong AI Growth. Is It Too Late to Buy the Stock?
• Positive Sentiment: Analyst upgrades and higher price targets — several firms have upgraded or raised targets after the quarter (Benchmark, Bank of America, KGI and others), signaling renewed Wall Street conviction and supporting further upside. Marvell Technology NASDAQ: MRVL Upgraded at Bank of America
• Positive Sentiment: Broader analyst confidence — coverage pieces note optical interconnect wins and rapid enterprise adoption, reinforcing the company’s positioning in high‑growth AI infrastructure segments. Analysts Have New ‘Confidence’ in Marvell Stock. Should You Buy It Now?
• Neutral Sentiment: Market commentary and buy‑opportunity analyses — several outlets published bullish deep‑dive pieces arguing this is a long‑term AI play, useful for investors but mainly opinion‑driven rather than new company facts. Marvell: Buying Opportunity Before It Takes Off Without You
• Neutral Sentiment: Trending‑stock attention — MRVL is showing up on lists of trending names, which can amplify intraday flows but doesn’t change fundamentals by itself. What's Driving Attention Behind These Trending Stocks? MRVL, STRL, HIMS
• Negative Sentiment: Competition and alternative top picks — some large brokers (e.g., Morgan Stanley coverage) favor Broadcom as the top AI chip/network play, highlighting competitive risk and alternative capital flows away from Marvell. Morgan Stanley Picks Broadcom Over Marvell -- Calls It "Top AI Chip Play" for 2026
• Negative Sentiment: Valuation and execution watch — post‑earnings rally left valuation elevated and some analysts caution about sustaining the strong growth and customer concentration risks; investors should weigh upside vs. higher expectations. MRVL Surges 18.4% Post Q4 Earnings: Time to Hold or Fold the Stock?

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MRVL shares. Morgan Stanley lifted their target price on shares of Marvell Technology from $95.00 to $103.00 and gave the stock an "equal weight" rating in a research note on Friday, March 6th. HSBC initiated coverage on Marvell Technology in a report on Monday, November 24th. They set a "hold" rating and a $85.00 price target on the stock. Rosenblatt Securities lifted their price objective on shares of Marvell Technology from $115.00 to $140.00 and gave the company a "buy" rating in a research note on Friday. Oppenheimer reissued an "outperform" rating and set a $150.00 target price (up from $115.00) on shares of Marvell Technology in a research note on Wednesday, December 3rd. Finally, Needham & Company LLC decreased their price target on shares of Marvell Technology from $120.00 to $118.00 and set a "buy" rating for the company in a research note on Tuesday, February 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Marvell Technology has a consensus rating of "Moderate Buy" and a consensus price target of $117.24.

Marvell Technology 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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