Marco Investment Management LLC Sells 8,700 Shares of Marvell Technology, Inc. $MRVL

Key Points

• Marco Investment Management cut its Marvell Technology position by 12.7%, selling 8,700 shares and retaining 60,000 shares valued at approximately $17.9 million. Institutional investors collectively own 83.51% of the company.
• Analysts remain broadly bullish: Marvell has a “Moderate Buy” consensus rating, with 27 Buy, three Strong Buy and seven Hold ratings, and an average price target of $245.94.
• Marvell reported quarterly revenue of $2.42 billion, up 27.6% year over year, while meeting adjusted EPS expectations at $0.80. The stock opened at $222.02, compared with a 52-week range of $61.44 to $329.88, and pays a $0.06 quarterly dividend.

Marco Investment Management LLC trimmed its position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 12.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,000 shares of the semiconductor company's stock after selling 8,700 shares during the quarter. Marvell Technology accounts for 1.2% of Marco Investment Management LLC's holdings, making the stock its 27th largest holding. Marco Investment Management LLC's holdings in Marvell Technology were worth $17,873,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Intech Investment Management LLC raised its holdings in shares of Marvell Technology by 3.9% in the first quarter. Intech Investment Management LLC now owns 28,784 shares of the semiconductor company's stock valued at $1,772,000 after acquiring an additional 1,085 shares in the last quarter. Baird Financial Group Inc. lifted its stake in Marvell Technology by 22.7% in the second quarter. Baird Financial Group Inc. now owns 17,417 shares of the semiconductor company's stock worth $1,348,000 after acquiring an additional 3,221 shares during the period. Flow Traders U.S. LLC bought a new position in Marvell Technology during the 2nd quarter worth about $354,000. Treasurer of the State of North Carolina grew its holdings in Marvell Technology by 3.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 403,818 shares of the semiconductor company's stock worth $31,256,000 after acquiring an additional 11,572 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in Marvell Technology by 1.0% during the 2nd quarter. Alliancebernstein L.P. now owns 411,569 shares of the semiconductor company's stock valued at $31,855,000 after purchasing an additional 4,060 shares during the period. Institutional investors own 83.51% of the company's stock.

Wall Street Analyst Weigh In

MRVL has been the subject of several recent research reports. Benchmark boosted their price target on shares of Marvell Technology from $130.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, May 28th. Bank of America lifted their price objective on shares of Marvell Technology from $240.00 to $365.00 and gave the company a "buy" rating in a report on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $240.00 price objective on shares of Marvell Technology in a research note on Thursday, May 28th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $360.00 target price on shares of Marvell Technology in a research report on Tuesday, July 7th. Finally, Evercore reiterated an "outperform" rating and issued a $155.00 price target on shares of Marvell Technology in a report on Tuesday, May 19th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Marvell Technology currently has a consensus rating of "Moderate Buy" and an average target price of $245.94.

Marvell Technology Stock Performance

NASDAQ MRVL opened at $222.02 on Monday. 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 firm has a market cap of $194.22 billion, a PE ratio of 76.03, a price-to-earnings-growth ratio of 1.39 and a beta of 2.24. The company has a 50 day moving average price of $237.59 and a 200 day moving average price of $166.26. Marvell Technology, Inc. has a 52 week low of $61.44 and a 52 week high of $329.88.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, meeting analysts' consensus estimates of $0.80. The company 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%. Marvell Technology's revenue for the quarter 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. As a group, sell-side analysts forecast that Marvell Technology, Inc. will post 3.07 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Friday, July 10th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Friday, July 10th. Marvell Technology's dividend payout ratio is currently 8.22%.

Marvell Technology News Roundup

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

• Positive Sentiment: AI data-center demand supports the long-term outlook. Analysts and investors continue to highlight Marvell’s custom chips, optical networking, memory interconnects and high-speed data-movement products as key beneficiaries of expanding AI clusters. Management has also raised its long-term data-center growth outlook. Down 37% From Its Highs, Is Marvell Technology Stock a Buy on the Dip?
• Positive Sentiment: Wall Street price targets imply additional upside. Goldman Sachs has expressed a preference between Marvell and Nvidia ahead of earnings, while another report said Goldman analyst James Schneider raised Marvell’s 12-month price target. The broader analyst range remains bullish, with a reported median target of $250 and several targets between $300 and $385. Wall Street sets Marvell stock price for the next 12 months
• Positive Sentiment: Nvidia’s $2 billion investment remains a strategic vote of confidence. The investment strengthens Marvell’s profile as an AI-chip and infrastructure partner and is supporting comparisons between the two companies ahead of their earnings reports. NVIDIA Invested $2 Billion in Marvell
• Neutral Sentiment: Upcoming earnings are the immediate catalyst. Marvell’s latest quarter delivered $2.42 billion in revenue, up 27.6% year over year, and adjusted EPS in line with expectations. Investors will look for evidence that AI-related growth can justify the stock’s elevated valuation.
• Negative Sentiment: Insider selling may temper sentiment. QuiverQuant reported 21 insider sales and no purchases during the past six months, including sales by senior executives and the CEO. This does not necessarily signal weakening fundamentals, but it can raise caution after a major share-price advance. Marvell Technology Stock Opinions on AI Infrastructure Expansion

Insider Activity

In other news, COO Chris Koopmans sold 10,000 shares of the firm's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $180.50, for a total value of $1,805,000.00. Following the completion of the sale, the chief operating officer owned 227,941 shares of the company's stock, valued at $41,143,350.50. This trade represents a 4.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandeep Bharathi sold 2,231 shares of the business's stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $299.13, for a total value of $667,359.03. Following the transaction, the insider owned 55,530 shares in the company, valued at approximately $16,610,688.90. This trade represents a 3.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 quarter, insiders sold 34,481 shares of company stock worth $7,982,532. Insiders own 0.12% of the company's stock.

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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