Wealthfront Advisers LLC Increases Stock Position in Marvell Technology, Inc. $MRVL

Wealthfront Advisers LLC boosted its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 64.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,070 shares of the semiconductor company's stock after purchasing an additional 48,897 shares during the period. Wealthfront Advisers LLC's holdings in Marvell Technology were worth $37,257,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MRVL. Intech Investment Management LLC boosted its position in Marvell Technology by 3.9% in the 1st quarter. Intech Investment Management LLC now owns 28,784 shares of the semiconductor company's stock valued at $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 valued at $1,348,000 after acquiring an additional 3,221 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of Marvell Technology during the second quarter worth about $354,000. Treasurer of the State of North Carolina increased its position 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 worth $31,256,000 after acquiring an additional 11,572 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in shares of Marvell Technology by 1.0% in the second quarter. Alliancebernstein L.P. now owns 411,569 shares of the semiconductor company's stock worth $31,855,000 after acquiring an additional 4,060 shares in the last quarter. Hedge funds and other institutional investors own 83.51% of the company's stock.

Marvell Technology Stock Performance

Shares of MRVL opened at $251.01 on Friday. The stock has a market capitalization of $219.58 billion, a PE ratio of 85.96, a price-to-earnings-growth ratio of 1.48 and a beta of 2.24. The business's fifty day moving average price is $234.59 and its 200 day moving average price is $170.57. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.28 and a quick ratio of 2.66. Marvell Technology, Inc. has a 12-month low of $61.44 and a 12-month high of $329.88.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The firm had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the previous year, the firm earned $0.62 earnings per share. The firm's revenue for the quarter 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 research analysts forecast that Marvell Technology, Inc. will post 3.07 EPS for the current year.

Marvell Technology Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on Marvell Technology from $135.00 to $240.00 and gave the company an "overweight" rating in a report on Thursday, May 28th. Wells Fargo & Company upped their target price on Marvell Technology from $195.00 to $240.00 and gave the company an "overweight" rating in a research report on Thursday, May 28th. William Blair reiterated an "outperform" rating on shares of Marvell Technology in a research note on Thursday, May 28th. Barclays reissued an "overweight" rating on shares of Marvell Technology in a research report on Thursday. Finally, Roth Capital restated a "buy" rating and issued a $350.00 price target on shares of Marvell Technology in a research note on Thursday. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Marvell Technology has a consensus rating of "Moderate Buy" and a consensus target price of $250.27.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, insider Sandeep Bharathi sold 2,231 shares of Marvell Technology stock in a transaction that occurred on Tuesday, June 16th. The stock was 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 in the company, valued at $16,610,688.90. The trade was a 3.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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. Also, CEO Matthew J. Murphy sold 7,500 shares of the company's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $236.08, for a total value of $1,770,600.00. Following the transaction, the chief executive officer directly owned 783,186 shares of the company's stock, valued at $184,894,550.88. This trade represents a 0.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 41,981 shares of company stock worth $9,753,132. Insiders own 0.12% of the company's stock.

Key Headlines Impacting 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

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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