Wellington Management Group LLP Has $206.86 Million Holdings in Marvell Technology, Inc. $MRVL

Key Points

• Wellington Management cut its Marvell Technology stake by 68.5% in the second quarter, selling 1.51 million shares and retaining 694,426 shares worth approximately $206.86 million. Institutional investors still own 83.51% of the company.
• Marvell reported strong fiscal second-quarter results, with revenue rising 36.5% year over year to $2.74 billion and adjusted EPS of $0.94, slightly exceeding estimates. The company also raised its longer-term revenue outlook, supported by anticipated AI-related demand.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $265.76, although targets range from $225 to $350. Marvell shares opened at $211.66 and have pulled back 2.3% recently.

Wellington Management Group LLP trimmed its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 68.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 694,426 shares of the semiconductor company's stock after selling 1,508,404 shares during the quarter. Wellington Management Group LLP owned approximately 0.08% of Marvell Technology worth $206,863,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. C M Bidwell & Associates Ltd. bought a new stake in Marvell Technology during the 2nd quarter worth approximately $27,000. Aberdeen Wealth Management LLC acquired a new stake in Marvell Technology during the 2nd quarter valued at $30,000. Tompkins Financial Corp bought a new position in Marvell Technology in the 2nd quarter valued at $31,000. LifeSteps Financial Inc. bought a new position in Marvell Technology in the 2nd quarter valued at $32,000. Finally, Cetera Trust Company N.A acquired a new position in Marvell Technology in the second quarter worth $37,000. Institutional investors and hedge funds own 83.51% of the company's stock.

Analyst Ratings Changes

MRVL has been the subject of a number of research reports. Cantor Fitzgerald restated a "neutral" rating and issued a $300.00 target price on shares of Marvell Technology in a research note on Friday. Citigroup increased their price objective on shares of Marvell Technology from $225.00 to $275.00 and gave the stock a "buy" rating in a report on Friday, August 21st. Roth Capital reaffirmed a "buy" rating and issued a $350.00 target price on shares of Marvell Technology in a research note on Thursday, August 20th. DA Davidson set a $225.00 price target on shares of Marvell Technology in a research note on Tuesday, August 18th. Finally, KeyCorp restated an "overweight" rating on shares of Marvell Technology in a research report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $265.76.

Key Stories Impacting Marvell Technology

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

• Positive Sentiment: Marvell reported record fiscal Q2 results, with revenue of $2.74 billion, up 36.5% year over year, and adjusted EPS of $0.94, slightly exceeding analyst expectations. The company also raised revenue guidance for fiscal 2027 and 2028, reinforcing expectations for continued AI-related growth. Marvell Stock Set Several New Records in Q2
• Positive Sentiment: A major Google agreement for custom AI silicon is viewed by bullish commentators as a potentially transformational contract. The associated warrant and long-term relationship could support future revenue visibility and shareholder returns. Marvell and Google: Misplaced Fear Should Drive Your Purchase Decision
• Positive Sentiment: Several analysts and opinion writers remain constructive, citing upward earnings-estimate revisions, custom-chip bookings, and consensus price targets that imply substantial upside. Needham also raised its target to $300. Wall Street Analysts Believe Marvell Could Rally

Marvell Technology Stock Down 2.3%

Shares of NASDAQ:MRVL opened at $211.66 on Tuesday. 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 stock has a market cap of $185.16 billion, a price-to-earnings ratio of 69.85, a P/E/G ratio of 1.35 and a beta of 2.24. The company has a 50 day moving average of $225.30 and a 200-day moving average of $178.14. Marvell Technology, Inc. has a one year low of $61.44 and a one year high of $329.88.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.01. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same period in the prior year, the business posted $0.67 earnings per share. Marvell Technology's revenue was up 36.5% compared to the same quarter last year. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. On average, sell-side analysts forecast that Marvell Technology, Inc. will post 3.08 earnings per share for the current year.

Marvell Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Friday, July 10th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. Marvell Technology's dividend payout ratio is 7.92%.

Insider Buying and Selling

In other news, COO Chris Koopmans sold 10,000 shares of the firm's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $180.50, for a total value of $1,805,000.00. Following the transaction, the chief operating officer directly owned 227,941 shares in the company, valued at $41,143,350.50. This trade represents a 4.20% decrease in their position. The transaction 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, CEO Matthew J. Murphy sold 7,500 shares of Marvell Technology stock in a transaction on Monday, August 17th. The stock was sold at an average price of $236.08, for a total value of $1,770,600.00. Following the sale, the chief executive officer directly owned 783,186 shares of the company's stock, valued at approximately $184,894,550.88. This trade represents a 0.95% 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. Insiders have sold 31,981 shares of company stock valued at $7,694,432 over the last 90 days. Company insiders own 0.12% of the company's stock.

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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