M.D. Sass LLC lessened its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 11.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,899 shares of the semiconductor company's stock after selling 8,879 shares during the quarter. M.D. Sass LLC's holdings in Marvell Technology were worth $89,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Intech Investment Management LLC grew its stake in Marvell Technology by 3.9% during the 1st quarter. Intech Investment Management LLC now owns 28,784 shares of the semiconductor company's stock worth $1,772,000 after buying an additional 1,085 shares during the last quarter. Baird Financial Group Inc. grew its stake in shares of Marvell Technology by 22.7% during 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 last quarter. Flow Traders U.S. LLC acquired a new position in shares of Marvell Technology during the second quarter valued at about $354,000. Treasurer of the State of North Carolina increased its holdings in shares of Marvell Technology by 3.0% during the second quarter. Treasurer of the State of North Carolina now owns 403,818 shares of the semiconductor company's stock valued at $31,256,000 after acquiring an additional 11,572 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Marvell Technology by 1.0% in 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 last quarter. Hedge funds and other institutional investors own 83.51% of the company's stock.
Marvell Technology Stock Up 5.8%
NASDAQ:MRVL opened at $251.01 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.28 and a quick ratio of 2.66. The company's fifty day moving average price is $234.59 and its 200-day moving average price is $170.57. Marvell Technology, Inc. has a 1-year low of $61.44 and a 1-year high of $329.88. The firm has a market capitalization of $219.58 billion, a P/E ratio of 85.96, a PEG ratio of 1.48 and a beta of 2.24.
Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.80. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The company had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the previous year, the firm posted $0.62 earnings per share. The firm's quarterly revenue was up 27.6% on a year-over-year basis. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. As a group, equities research analysts anticipate that Marvell Technology, Inc. will post 3.07 EPS for the current year.
Marvell Technology Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Friday, July 10th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, July 10th. Marvell Technology's payout ratio is 8.22%.
Trending Headlines about Marvell Technology
Here are the key news stories impacting Marvell Technology this week:
- Positive Sentiment: Marvell agreed to develop custom silicon connected to Google’s Tensor Processing Unit ecosystem, including inference accelerators, storage and networking controllers, and memory-interface products. The deal broadens Marvell’s role in Google’s AI infrastructure and could challenge Broadcom’s long-standing position as Google’s primary custom-chip partner. Marvell pops on AI chip deal
- Positive Sentiment: Google received warrants to purchase up to approximately 58.97 million Marvell shares at $206.58 each, potentially representing about 6.7% of shares outstanding and roughly $12.2 billion in value. The warrants vest in stages based on Google’s purchases, aligning Google’s future AI-chip spending with Marvell’s growth. Marvell shares jump as Google warrant deepens partnership
- Positive Sentiment: Analysts described the agreement as a major long-term catalyst. JPMorgan sees a potential $120 billion cumulative opportunity through fiscal 2033, while RBC reaffirmed an Outperform rating with a $360 price target. Stifel and William Blair also issued or maintained Buy recommendations. Marvell’s Google AI deal could unlock opportunity
- Positive Sentiment: Technical momentum also improved after MRVL reclaimed its 50-day moving average, supporting a bullish-trend thesis and forecasts for a possible move toward $300. Marvell overtakes 50-day moving average
Insider Buying and Selling
In related news, CFO Daniel Durn sold 2,250 shares of Marvell Technology stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $281.01, for a total transaction of $632,272.50. Following the completion of the transaction, the chief financial officer directly owned 6,902 shares in the company, valued at approximately $1,939,531.02. This trade represents a 24.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sandeep Bharathi sold 2,231 shares of the business's stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $299.13, for a total value of $667,359.03. Following the completion of the transaction, the insider directly owned 55,530 shares of the company's stock, valued at $16,610,688.90. The trade was 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 41,981 shares of company stock worth $9,753,132. Corporate insiders own 0.12% of the company's stock.
Analysts Set New Price Targets
Several analysts have weighed in on MRVL shares. Bank of America boosted their target price on shares of Marvell Technology from $240.00 to $365.00 and gave the stock a "buy" rating in a research report on Tuesday, June 23rd. William Blair reaffirmed an "outperform" rating on shares of Marvell Technology in a report on Thursday, May 28th. Evercore reiterated an "outperform" rating and set a $155.00 price objective on shares of Marvell Technology in a research note on Tuesday, May 19th. Roth Capital reissued a "buy" rating and set a $350.00 price objective on shares of Marvell Technology in a report on Thursday. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $360.00 target price on shares of Marvell Technology in a research report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, Marvell Technology currently has an average rating of "Moderate Buy" and an average target price of $250.27.
Read Our Latest Research Report on MRVL
About Marvell Technology
(
Free Report)
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.
Featured Stories
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.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Marvell Technology, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Marvell Technology wasn't on the list.
While Marvell Technology currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
