Marvell Technology, Inc. $MRVL Shares Sold by Truist Financial Corp

Key Points

• Truist trimmed its Marvell stake by 4.6%, selling 17,230 shares and leaving 355,433 shares valued at about $30.2M; overall institutional investors own roughly 83.5% of the stock.
• Insider selling was substantial last quarter—233,560 shares (~$27.9M) were sold, including CEO Matthew J. Murphy’s 30,000‑share sale and Sandeep Bharathi’s 66,892‑share sale (the latter under a 10b5‑1 plan to cover tax withholding).
• Analysts hold a consensus rating of "Moderate Buy" with a $125 target, and recent momentum—including a 67% April rally—has been driven by AI partnerships (notably Nvidia) and Marvell’s Q1 beat with revenue up 22.1% year‑over‑year.

Truist Financial Corp decreased its position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 355,433 shares of the semiconductor company's stock after selling 17,230 shares during the quarter. Truist Financial Corp's holdings in Marvell Technology were worth $30,205,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings 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 purchasing an additional 15,166,976 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in Marvell Technology by 1,292.1% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 389,809 shares of the semiconductor company's stock worth $32,656,000 after purchasing an additional 361,807 shares in the last quarter. Triasima Portfolio Management inc. acquired a new stake in Marvell Technology during the third quarter worth approximately $1,426,000. Robeco Schweiz AG raised its holdings in Marvell Technology by 1.4% during the third quarter. Robeco Schweiz AG now owns 973,765 shares of the semiconductor company's stock worth $81,864,000 after purchasing an additional 12,977 shares in the last quarter. Finally, Strs Ohio raised its holdings in Marvell Technology by 27.7% during the third quarter. Strs Ohio now owns 742,781 shares of the semiconductor company's stock worth $62,446,000 after purchasing an additional 161,082 shares in the last quarter. Institutional investors and hedge funds own 83.51% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on MRVL shares. Cantor Fitzgerald raised their price objective on shares of Marvell Technology from $100.00 to $120.00 and gave the stock a "neutral" rating in a report on Thursday, April 9th. Raymond James Financial reissued a "strong-buy" rating on shares of Marvell Technology in a report on Tuesday, January 6th. Needham & Company LLC lowered their target price on shares of Marvell Technology from $120.00 to $118.00 and set a "buy" rating on the stock in a research report on Tuesday, February 3rd. Erste Group Bank began coverage on shares of Marvell Technology in a research report on Thursday, April 2nd. They set a "buy" rating on the stock. Finally, Zacks Research upgraded shares of Marvell Technology from a "strong sell" rating to a "hold" rating in a research report on Tuesday, March 31st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have assigned 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.

Insider Transactions at Marvell Technology

In related news, CEO Matthew J. Murphy sold 30,000 shares of Marvell Technology stock in a transaction on Thursday, March 26th. The shares were sold at an average price of $98.70, for a total value of $2,961,000.00. Following the transaction, the chief executive officer directly owned 310,106 shares in the company, valued at $30,607,462.20. This trade represents a 8.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Sandeep Bharathi sold 66,892 shares of Marvell Technology stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $130.35, for a total transaction of $8,719,372.20. Following the completion of the transaction, the insider owned 55,199 shares in the company, valued at approximately $7,195,189.65. This trade represents a 54.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Insiders sold a total of 233,560 shares of company stock worth $27,870,662 over the last quarter. 0.33% of the stock is currently owned by corporate insiders.

Trending Headlines about Marvell Technology

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

• Positive Sentiment: Nvidia strategic investment and partnership + potential Google co‑development and recent acquisition are primary drivers behind the stock’s big April gain — these validate Marvell as a custom AI‑chip and infrastructure supplier and support revenue/collaboration upside. Why Marvell Stock Soared 67% in April
• Positive Sentiment: Analysts and commentary highlight multiple hyperscaler/cloud design wins and the company’s role in the AI infrastructure “pivot away from GPUs,” reinforcing growth expectations and investor enthusiasm. Marvell Stock: A 16% Yield Trade With A 46% Margin of Safety
• Positive Sentiment: Coverage in market press and AI‑thematic pieces (Kalkine, Trefis, Motley Fool) is amplifying momentum, pushing investor flows into MRVL as part of the next leg of the AI trade. Marvell AI Momentum Puts Nasdaq Composite Index In Market Spotlight
• Neutral Sentiment: Marvell has scheduled its Q1 FY2027 earnings release and conference call for May 27 — management commentary and guidance will likely be the next major price catalyst (could confirm or temper current growth expectations). Marvell Technology, Inc. Announces Conference Call to Review First Quarter of Fiscal Year 2027 Financial Results
• Neutral Sentiment: Several analyst notes and valuation write‑ups point to strong buy interest but also warn valuations are rich after the run — important context for position sizing and volatility expectations. Why Marvell Technology (MRVL) Outpaced the Stock Market Today
• Negative Sentiment: COO Chris Koopmans sold 10,000 shares (~$1.63M) under a pre‑arranged Rule 10b5‑1 plan; while routine, insider sales can create short‑term selling pressure and raise investor questions about timing. Insider 10b5-1 Sale Filing

Marvell Technology Stock Performance

NASDAQ:MRVL opened at $168.82 on Wednesday. The firm's fifty day moving average price is $110.46 and its 200 day moving average price is $93.96. Marvell Technology, Inc. has a 1-year low of $53.78 and a 1-year high of $172.98. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.58. The firm has a market cap of $147.62 billion, a price-to-earnings ratio of 54.81, a price-to-earnings-growth ratio of 1.48 and a beta of 2.25.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its quarterly earnings data on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $2.21 billion. During the same period last year, the firm posted $0.60 EPS. Marvell Technology's quarterly revenue was up 22.1% on a year-over-year basis. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. On average, sell-side analysts expect that Marvell Technology, Inc. will post 3.04 EPS for the current year.

Marvell Technology Dividend Announcement

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

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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