Marvell Technology, Inc. $MRVL Shares Newly Acquired by Russell Investments Group Ltd.

Key Points

• Russell Investments Group acquired 667,952 Marvell shares in the third quarter, a stake valued at about $176.2 million and equal to 0.08% of the company.
• Analysts have a Moderate Buy consensus on MRVL, with an average price target of $300.09; 31 analysts rate it Buy or Strong Buy, while nine rate it Hold.
• Marvell’s latest reported quarterly results slightly beat expectations: EPS was $0.94 versus $0.93 forecast, and revenue rose 36.5% year over year to $2.74 billion.

Russell Investments Group Ltd. acquired a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 667,952 shares of the semiconductor company's stock, valued at approximately $176,231,000. Russell Investments Group Ltd. owned 0.08% of Marvell Technology as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of MRVL. Coyle Financial Counsel LLC acquired a new stake in shares of Marvell Technology in the third quarter worth approximately $696,000. Birch Hill Investment Advisors LLC purchased a new position in Marvell Technology during the third quarter worth approximately $848,000. Merit Financial Group LLC raised its stake in Marvell Technology by 22.9% during the second quarter. Merit Financial Group LLC now owns 27,079 shares of the semiconductor company's stock worth $8,067,000 after purchasing an additional 5,047 shares during the period. Swiss National Bank boosted its holdings in shares of Marvell Technology by 5.4% in the 1st quarter. Swiss National Bank now owns 2,489,003 shares of the semiconductor company's stock valued at $246,536,000 after purchasing an additional 126,600 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC purchased a new stake in shares of Marvell Technology during the 3rd quarter valued at $24,014,000. Institutional investors and hedge funds own 83.51% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on MRVL shares. William Blair restated an "outperform" rating on shares of Marvell Technology in a report on Monday, November 2nd. UBS Group restated a "buy" rating on shares of Marvell Technology in a report on Tuesday, November 3rd. KeyCorp reaffirmed an "overweight" rating on shares of Marvell Technology in a research note on Wednesday, October 7th. Raymond James Financial reiterated a "strong-buy" rating on shares of Marvell Technology in a report on Thursday, October 29th. Finally, Citigroup boosted their target price on Marvell Technology from $225.00 to $275.00 and gave the stock a "buy" rating in a report on Friday, August 21st. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $300.09.

Insider Activity

In related news, COO Chris Koopmans sold 10,000 shares of the firm's stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $186.97, for a total transaction of $1,869,700.00. Following the completion of the sale, the chief operating officer directly owned 202,800 shares of the company's stock, valued at approximately $37,917,516. This trade represents a 4.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandeep Bharathi sold 3,685 shares of Marvell Technology stock in a transaction on Friday, October 16th. The stock was sold at an average price of $234.97, for a total transaction of $865,864.45. Following the sale, the insider directly owned 58,748 shares in the company, valued at $13,804,017.56. This trade represents a 5.90% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 57,285 shares of company stock valued at $12,901,763. 0.12% of the stock is currently owned by company insiders.

Marvell Technology Stock Performance

Shares of NASDAQ:MRVL opened at $164.45 on Friday. The business's 50-day simple moving average is $230.25 and its 200 day simple moving average is $185.80. The company has a market cap of $144.21 billion, a P/E ratio of 54.27, a PEG ratio of 5.04 and a beta of 2.32. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.62 and a current ratio of 3.17. Marvell Technology, Inc. has a one year low of $70.68 and a one year high of $329.88.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its quarterly earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.01. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%. The firm had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $2.72 billion. During the same quarter in the prior year, the business earned $0.67 EPS. Marvell Technology's quarterly revenue was up 36.5% compared to the same quarter last year. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. On average, sell-side analysts forecast that Marvell Technology, Inc. will post 3.05 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, October 29th. Stockholders of record on Friday, October 9th 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, October 9th. Marvell Technology's payout ratio is presently 7.92%.

Latest Marvell Technology News

These are some of the MRVL news items that stood out recently:

• Positive Sentiment: Marvell’s three new independent directors add experience in technology, finance, talent strategy, and global business operations. The appointments expand the board from seven to ten members as the company prepares for its proposed optical-networking deal. Marvell Appoints Three New Independent Directors to its Board
• Neutral Sentiment: Marvell rallied in the prior session alongside a broader AI and semiconductor rebound, with renewed focus on its AI connectivity and optical-networking strategy. That bounce followed a sharp sell-off and does not resolve concerns over the proposed Lumentum transaction. Marvell Jumps as AI Chip Rally Returns and Lumentum Deal Stays in Focus
• Negative Sentiment: Reports of NVIDIA CEO Jensen Huang’s possible departure have unsettled chip investors, weighing on Marvell and other semiconductor and optics names. Although supplier diversification could eventually benefit alternatives, leadership uncertainty and possible tighter chip-export rules are broader sector risks. Intel and Marvell Slip. Why Huang's Potential Exit Is Causing Chip-Stock Nerves

Marvell Technology Profile

Marvell Technology is a fabless semiconductor company that develops data infrastructure chips and related technologies. Its products include networking and Ethernet chips, storage controllers, processors, optical and connectivity solutions, and custom silicon used in data centers, carrier networks, enterprise systems, and other applications. The company's products help move, store, process, and secure data across cloud and telecommunications infrastructure. Marvell serves customers around the world, including equipment makers and technology companies that incorporate its semiconductors into their systems.

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