Saudi Central Bank Purchases 28,378 Shares of Marvell Technology, Inc. $MRVL

Key Points

• Saudi Central Bank increased its Marvell Technology position by 90.7% in the second quarter, purchasing 28,378 additional shares for a total holding of 59,682 shares valued at approximately $17.8 million.
• Institutional investors own 83.51% of Marvell’s stock, with several funds—including Swedbank, the Swedish National Pension Fund and Swiss National Bank—also expanding their positions.
• Marvell reported quarterly revenue of $2.74 billion, up 36.5% year over year, and adjusted EPS of $0.94, slightly beating estimates. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $265.76.

Saudi Central Bank increased its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 90.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,682 shares of the semiconductor company's stock after purchasing an additional 28,378 shares during the period. Saudi Central Bank's holdings in Marvell Technology were worth $17,779,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Focused Wealth Management Inc purchased a new position in shares of Marvell Technology in the 1st quarter worth approximately $608,000. Swedbank AB lifted its position in Marvell Technology by 2.8% during the first quarter. Swedbank AB now owns 3,189,551 shares of the semiconductor company's stock valued at $315,925,000 after acquiring an additional 85,816 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Marvell Technology by 49.7% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 273,647 shares of the semiconductor company's stock valued at $27,105,000 after acquiring an additional 90,800 shares in the last quarter. Merit Financial Group LLC boosted its stake in Marvell Technology by 22.9% in the second quarter. Merit Financial Group LLC now owns 27,079 shares of the semiconductor company's stock valued at $8,067,000 after acquiring an additional 5,047 shares in the last quarter. Finally, Swiss National Bank grew its holdings in Marvell Technology by 5.4% in the first quarter. Swiss National Bank now owns 2,489,003 shares of the semiconductor company's stock worth $246,536,000 after purchasing an additional 126,600 shares during the last quarter. Institutional investors own 83.51% of the company's stock.

More Marvell Technology News

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

• Positive Sentiment: Marvell’s planned acquisition of Celestial AI is providing the biggest near-term catalyst. The deal would add photonics technology designed to improve optical connectivity in AI data centers, potentially expanding Marvell’s opportunity as hyperscalers require more bandwidth. Why Marvell Stock Rallied Today
• Positive Sentiment: Investors are buying beaten-down AI silicon names as the market continues to anticipate strong hyperscaler spending. Marvell’s exposure to custom chips, networking and optical interconnects makes it a potential beneficiary of continued AI data-center investment. Marvell Rises as AI Silicon Rebounds
• Positive Sentiment: A recent earnings beat and raised multiyear outlook continue to support the bullish case. Quarterly revenue rose 36.5% year over year to $2.74 billion, while adjusted EPS of $0.94 exceeded estimates; data-center demand and an expanded hyperscaler relationship were key drivers.
• Positive Sentiment: An RBC analyst reportedly favors Marvell over Broadcom as an AI-stock dip-buying opportunity, reinforcing optimism that Marvell’s custom-silicon and connectivity businesses can benefit from the next phase of AI infrastructure expansion. RBC Analyst Compares Marvell and Broadcom

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Benchmark reaffirmed a "buy" rating on shares of Marvell Technology in a research report on Monday, August 24th. Cantor Fitzgerald restated a "neutral" rating and set a $300.00 target price on shares of Marvell Technology in a research note on Friday, August 28th. Roth Capital reaffirmed a "buy" rating and set a $350.00 target price on shares of Marvell Technology in a research report on Thursday, August 20th. Craig Hallum increased their price target on Marvell Technology from $217.00 to $300.00 and gave the company a "buy" rating in a research note on Friday, August 28th. Finally, Weiss Ratings raised Marvell Technology from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, August 31st. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $265.76.

Marvell Technology Stock Performance

Shares of MRVL stock opened at $223.55 on Friday. The firm has a market capitalization of $196.03 billion, a price-to-earnings ratio of 73.78, a price-to-earnings-growth ratio of 2.17 and a beta of 2.25. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.17 and a quick ratio of 2.62. The business has a fifty day moving average of $220.24 and a 200 day moving average of $181.17. Marvell Technology, Inc. has a 1 year low of $62.47 and a 1 year high of $329.88.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its quarterly earnings results on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.01. The company had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $2.72 billion. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%.The firm's revenue was up 36.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.67 EPS. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. As a group, research analysts expect that Marvell Technology, Inc. will post 3.03 earnings per share for the current year.

Marvell Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Friday, July 10th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.1%. The ex-dividend date was Friday, July 10th. Marvell Technology's payout ratio is 7.92%.

Insider Transactions at Marvell Technology

In related news, COO Chris Koopmans sold 10,000 shares of the business's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $180.50, for a total transaction of $1,805,000.00. Following the completion of the sale, the chief operating officer directly owned 227,941 shares in the company, valued at approximately $41,143,350.50. The trade was a 4.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Daniel Durn sold 2,250 shares of the stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $281.01, for a total value of $632,272.50. Following the completion of the transaction, the chief financial officer directly owned 6,902 shares of the company's stock, valued at approximately $1,939,531.02. This represents a 24.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 41,981 shares of company stock worth $9,727,132 over the last three months. 0.12% of the stock is owned by insiders.

Marvell Technology Company 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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