Swedbank AB Buys 93,386 Shares of Marvell Technology, Inc. $MRVL

Key Points

• Swedbank AB increased its stake in Marvell Technology by 4.3%, acquiring an additional 93,386 shares during the first quarter, bringing its total holdings to approximately 2.26 million shares worth $139.4 million.
• Marvell Technology's stock has faced reduced price targets from multiple analysts, with several firms decreasing their price goals, reflecting cautious sentiment in the market.
• The company reported a quarterly revenue increase of 57.6% year-over-year, earning $0.67 per share, which aligned with analyst expectations for the period ending August 28.

Swedbank AB lifted its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 4.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,264,520 shares of the semiconductor company's stock after purchasing an additional 93,386 shares during the period. Swedbank AB owned about 0.26% of Marvell Technology worth $139,426,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Inspire Investing LLC increased its holdings in Marvell Technology by 114.1% in the 1st quarter. Inspire Investing LLC now owns 5,016 shares of the semiconductor company's stock worth $309,000 after acquiring an additional 2,673 shares during the last quarter. Vista Cima Wealth Management LLC purchased a new stake in Marvell Technology in the 1st quarter worth about $345,000. Silicon Valley Capital Partners increased its holdings in Marvell Technology by 1.7% in the 1st quarter. Silicon Valley Capital Partners now owns 33,571 shares of the semiconductor company's stock worth $2,083,000 after acquiring an additional 569 shares during the last quarter. Strs Ohio purchased a new stake in Marvell Technology in the 1st quarter worth about $16,366,000. Finally, Addison Capital Co increased its holdings in Marvell Technology by 29.5% in the 1st quarter. Addison Capital Co now owns 5,515 shares of the semiconductor company's stock worth $340,000 after acquiring an additional 1,257 shares during the last quarter. 83.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Wells Fargo & Company decreased their price objective on Marvell Technology from $95.00 to $90.00 and set an "overweight" rating for the company in a report on Friday, August 29th. Rosenblatt Securities decreased their price target on Marvell Technology from $124.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, August 29th. Raymond James Financial reiterated an "outperform" rating and set a $90.00 price target (down from $110.00) on shares of Marvell Technology in a research report on Friday, May 30th. Needham & Company LLC decreased their price target on Marvell Technology from $85.00 to $80.00 and set a "buy" rating on the stock in a research report on Friday, August 29th. Finally, Morgan Stanley cut their price objective on Marvell Technology from $80.00 to $76.00 and set an "equal weight" rating for the company in a report on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Marvell Technology currently has an average rating of "Moderate Buy" and an average price target of $90.50.

Marvell Technology Price Performance

Shares of Marvell Technology stock opened at $66.59 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. The company has a market cap of $57.41 billion, a PE ratio of -512.23, a P/E/G ratio of 0.81 and a beta of 1.85. The business has a 50 day moving average of $72.72 and a 200 day moving average of $68.23. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $127.48.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.67. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The firm's quarterly revenue was up 57.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, equities research analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Insider Buying and Selling at Marvell Technology

In other news, CAO Panteha Dixon sold 1,283 shares of the firm's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $68.50, for a total value of $87,885.50. Following the transaction, the chief accounting officer owned 29,572 shares of the company's stock, valued at $2,025,682. This trade represents a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark Casper sold 3,000 shares of the firm's stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $72.35, for a total value of $217,050.00. Following the completion of the transaction, the executive vice president directly owned 17,163 shares in the company, valued at $1,241,743.05. This trade represents a 14.88% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,783 shares of company stock valued at $407,716. 0.19% of the stock is owned by company insiders.

Marvell Technology Profile

Marvell Technology, Inc, together with its subsidiaries, provides data infrastructure semiconductor solutions, spanning the data center core to network edge. The company develops and scales complex System-on-a-Chip architectures, integrating analog, mixed-signal, and digital signal processing functionality.

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