OFI Invest Asset Management Has $70.79 Million Stock Holdings in Marvell Technology, Inc. $MRVL

Key Points

• OFI Invest Asset Management cut its Marvell Technology stake by 54.9% in the second quarter, selling 289,670 shares and retaining 237,652 shares valued at $70.79 million. Institutional investors still own 83.51% of the stock.
• Marvell reported quarterly revenue of $2.42 billion, up 27.6% year over year, with EPS of $0.80 matching estimates. However, the stock’s valuation remains elevated, with a P/E ratio of 76.03.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $245.94 price target, while recent insider selling and the company’s 0.1% dividend yield may temper investor enthusiasm.

OFI Invest Asset Management lowered its stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 54.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 237,652 shares of the semiconductor company's stock after selling 289,670 shares during the quarter. OFI Invest Asset Management's holdings in Marvell Technology were worth $70,794,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. State Street Corp raised its holdings in shares of Marvell Technology by 7.9% during the fourth quarter. State Street Corp now owns 22,834,816 shares of the semiconductor company's stock valued at $1,940,503,000 after acquiring an additional 1,677,724 shares during the period. Geode Capital Management LLC grew its position in Marvell Technology by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 12,108,452 shares of the semiconductor company's stock worth $1,025,185,000 after purchasing an additional 97,624 shares in the last quarter. Norges Bank acquired a new stake in Marvell Technology during the 4th quarter valued at $895,455,000. Van ECK Associates Corp raised its stake in Marvell Technology by 11.4% during the 4th quarter. Van ECK Associates Corp now owns 9,864,514 shares of the semiconductor company's stock valued at $838,286,000 after purchasing an additional 1,007,315 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Marvell Technology by 9.7% in the fourth quarter. Northern Trust Corp now owns 6,798,272 shares of the semiconductor company's stock valued at $577,717,000 after purchasing an additional 598,920 shares in the last quarter. 83.51% of the stock is owned by hedge funds and other institutional investors.

Marvell Technology Trading Down 0.1%

Shares of MRVL stock opened at $222.02 on Friday. Marvell Technology, Inc. has a 12 month low of $61.44 and a 12 month high of $329.88. The company 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 quick ratio of 2.66, a current ratio of 3.28 and a debt-to-equity ratio of 0.27. The business's 50 day moving average is $237.59 and its two-hundred day moving average is $165.67.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its quarterly 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 analysts' expectations of $2.41 billion. During the same period in the prior year, the company earned $0.62 earnings per share. The business's quarterly revenue was up 27.6% compared to the same quarter last year. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. Equities analysts predict that Marvell Technology, Inc. will post 3.07 EPS for the current year.

Marvell Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Friday, July 10th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. Marvell Technology's payout ratio is 8.22%.

More Marvell Technology News

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 at Marvell Technology

In other Marvell Technology news, COO Chris Koopmans sold 10,000 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $205.87, for a total value of $2,058,700.00. Following the completion of the sale, the chief operating officer directly owned 237,392 shares of the company's stock, valued at $48,871,891.04. This represents a 4.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandeep Bharathi sold 2,231 shares of the firm's stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $299.13, for a total transaction of $667,359.03. Following the completion of the sale, the insider owned 55,530 shares in the company, valued at $16,610,688.90. This represents a 3.86% 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 34,481 shares of company stock worth $7,982,532 in the last ninety days. 0.12% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Royal Bank Of Canada reissued an "outperform" rating and issued a $360.00 price objective on shares of Marvell Technology in a research note on Tuesday, July 7th. Barclays lifted their target price on Marvell Technology from $150.00 to $275.00 and gave the company an "overweight" rating in a research note on Thursday, May 28th. Melius Research set a $220.00 target price on Marvell Technology in a report on Monday, May 18th. TD Cowen increased their price target on shares of Marvell Technology from $180.00 to $200.00 and gave the stock a "hold" rating in a research report on Thursday, May 28th. Finally, HSBC set a $300.00 price target on shares of Marvell Technology and gave the stock a "buy" rating in a report on Tuesday, May 26th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $245.94.

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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