Marvell Technology, Inc. $MRVL Shares Sold by Bokf Na

Key Points

• Bokf Na cut its Marvell Technology stake by 36.8% in the fourth quarter, selling 6,562 shares and leaving it with 11,254 shares worth about $956,000.
• Insiders have also been selling, including COO Chris Koopmans and CEO Matthew J. Murphy, while institutional ownership remains very high at 83.51% of shares.
• Analysts remain broadly positive: Marvell has a consensus “Moderate Buy” rating and a $125 average price target, even though the stock recently traded up to $170.13 and the company reported earnings and revenue that slightly beat expectations.

Bokf Na reduced its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 36.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,254 shares of the semiconductor company's stock after selling 6,562 shares during the quarter. Bokf Na's holdings in Marvell Technology were worth $956,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Marvell Technology by 23.5% during the 3rd quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company's stock worth $6,692,830,000 after acquiring an additional 15,166,976 shares in the last quarter. State Street Corp grew its position in shares of Marvell Technology by 2.8% in the third quarter. State Street Corp now owns 21,157,092 shares of the semiconductor company's stock valued at $1,778,677,000 after purchasing an additional 583,832 shares during the period. Ameriprise Financial Inc. grew its position in shares of Marvell Technology by 59.7% in the third quarter. Ameriprise Financial Inc. now owns 16,624,827 shares of the semiconductor company's stock valued at $1,397,751,000 after purchasing an additional 6,217,952 shares during the period. Franklin Resources Inc. grew its position in shares of Marvell Technology by 47.0% in the third quarter. Franklin Resources Inc. now owns 11,903,051 shares of the semiconductor company's stock valued at $1,000,689,000 after purchasing an additional 3,805,431 shares during the period. Finally, Van ECK Associates Corp grew its position in shares of Marvell Technology by 12.1% in the third quarter. Van ECK Associates Corp now owns 8,857,199 shares of the semiconductor company's stock valued at $744,624,000 after purchasing an additional 958,542 shares during the period. 83.51% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Marvell Technology news, COO Chris Koopmans sold 10,000 shares of the business's stock in a transaction on Monday, April 6th. The shares were sold at an average price of $110.24, for a total value of $1,102,400.00. Following the completion of the transaction, the chief operating officer owned 133,870 shares in the company, valued at $14,757,828.80. The trade was a 6.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew J. Murphy sold 30,000 shares of the business's stock in a transaction on Thursday, March 26th. The stock was sold at an average price of $98.70, for a total transaction of $2,961,000.00. Following the completion of the transaction, the chief executive officer owned 310,106 shares of the company's stock, valued at approximately $30,607,462.20. This trade represents a 8.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 233,560 shares of company stock valued at $27,870,662. Corporate insiders own 0.19% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MRVL. B. Riley Financial raised their price target on shares of Marvell Technology from $135.00 to $156.00 and gave the company a "buy" rating in a research note on Monday, April 13th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Marvell Technology in a research note on Friday, March 27th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $170.00 price target on shares of Marvell Technology in a research note on Tuesday, April 21st. Wall Street Zen lowered shares of Marvell Technology from a "buy" rating to a "hold" rating in a research note on Sunday, March 15th. Finally, Erste Group Bank began coverage on shares of Marvell Technology in a research note on Thursday, April 2nd. They issued a "buy" rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $125.00.

Marvell Technology Stock Up 6.3%

Marvell Technology stock opened at $170.13 on Friday. Marvell Technology, Inc. has a fifty-two week low of $58.61 and a fifty-two week high of $175.80. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.58 and a current ratio of 2.01. The firm has a 50 day moving average price of $113.98 and a 200 day moving average price of $95.05. The company has a market capitalization of $148.77 billion, a PE ratio of 55.24, a price-to-earnings-growth ratio of 1.45 and a beta of 2.25.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its earnings results on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.01. Marvell Technology had a net margin of 32.58% and a return on equity of 14.22%. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter last year, the firm earned $0.60 EPS. The firm's revenue for the quarter was up 22.1% on a year-over-year basis. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. Research analysts expect that Marvell Technology, Inc. will post 3.04 earnings per share for the current year.

Marvell Technology Dividend Announcement

The firm also recently declared 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 dividend yield of 0.1%. Marvell Technology's payout ratio is 7.79%.

More Marvell Technology News

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

• Positive Sentiment: Erste Group raised its FY2028 earnings estimate for Marvell and reiterated a Buy rating, signaling continued confidence in the company’s longer-term earnings power and AI-related growth prospects.
• Positive Sentiment: Investor interest remains strong as Marvell’s AI-driven data center business and NVIDIA partnership continue to fuel optimism around custom AI silicon demand.
• Positive Sentiment: The stock’s rally has been supported by a broader rotation back into AI infrastructure names, which has lifted sentiment across the semiconductor group. How Marvell Stock Surges To $400
• Neutral Sentiment: Several recent articles frame Marvell as a heavily searched and widely discussed stock, reflecting strong investor attention rather than a single material company event.
• Negative Sentiment: Some commentary says the shares may be getting ahead of fundamentals after a parabolic move, with valuation concerns, insider selling, and analyst price targets implying downside from recent highs. Marvell Technology (MRVL) Stock Plunges 7% — Is Now the Time to Buy?

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.