World Investment Advisors Has $5.75 Million Stock Holdings in Marvell Technology, Inc. $MRVL

Key Points

• World Investment Advisors increased its Marvell Technology stake by 32.9% in the fourth quarter, ending with 67,659 shares valued at about $5.75 million.
• Marvell reported Q1 EPS of $0.80 and revenue of $2.42 billion, both roughly in line with expectations, while revenue rose 27.6% year over year on stronger data-center demand.
• The company’s outlook and analyst sentiment remain positive, with Marvell raising guidance and several firms lifting price targets; the stock closed around $198.70 after a recent 4.6% decline.

World Investment Advisors grew its holdings in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 32.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 67,659 shares of the semiconductor company's stock after buying an additional 16,751 shares during the quarter. World Investment Advisors' holdings in Marvell Technology were worth $5,750,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Marvell Technology by 23.5% in the 3rd quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company's stock valued at $6,692,830,000 after buying an additional 15,166,976 shares in the last quarter. State Street Corp raised its stake in shares of Marvell Technology by 7.9% in the 4th quarter. State Street Corp now owns 22,834,816 shares of the semiconductor company's stock valued at $1,940,503,000 after buying an additional 1,677,724 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Marvell Technology by 59.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 16,624,827 shares of the semiconductor company's stock valued at $1,397,751,000 after buying an additional 6,217,952 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Marvell Technology by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 12,108,452 shares of the semiconductor company's stock valued at $1,025,185,000 after buying an additional 97,624 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Marvell Technology by 47.0% in the 3rd quarter. Franklin Resources Inc. now owns 11,903,051 shares of the semiconductor company's stock valued at $1,000,689,000 after buying an additional 3,805,431 shares in the last quarter. Institutional investors and hedge funds own 83.51% of the company's stock.

Marvell Technology Trading Down 4.6%

Shares of Marvell Technology stock opened at $198.70 on Thursday. The stock has a market capitalization of $178.30 billion, a P/E ratio of 64.51, a price-to-earnings-growth ratio of 1.73 and a beta of 2.25. The company has a quick ratio of 1.58, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. The company has a 50-day simple moving average of $141.54 and a 200 day simple moving average of $104.44. Marvell Technology, Inc. has a 12-month low of $58.61 and a 12-month high of $218.26.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.80. The business had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.41 billion. Marvell Technology had a net margin of 32.58% and a return on equity of 14.22%. The firm's revenue for the quarter was up 27.6% on a year-over-year basis. During the same quarter last year, the company posted $0.62 EPS. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. Research analysts expect that Marvell Technology, Inc. will post 3.04 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Friday, April 10th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.1%. The ex-dividend date was Friday, April 10th. Marvell Technology's dividend payout ratio (DPR) is presently 7.79%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MRVL. Evercore restated an "outperform" rating and issued a $155.00 price objective on shares of Marvell Technology in a research note on Tuesday, May 19th. Susquehanna increased their target price on shares of Marvell Technology from $100.00 to $230.00 and gave the stock a "positive" rating in a research report on Tuesday. Benchmark reiterated a "buy" rating and set a $130.00 target price on shares of Marvell Technology in a research report on Tuesday, March 31st. Raymond James Financial cut shares of Marvell Technology from a "strong-buy" rating to a "market perform" rating in a research report on Tuesday. Finally, Royal Bank Of Canada increased their target price on shares of Marvell Technology from $170.00 to $200.00 and gave the stock an "outperform" rating in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Marvell Technology currently has a consensus rating of "Moderate Buy" and a consensus target price of $171.09.

Insider Transactions at Marvell Technology

In other Marvell Technology news, CFO Willem A. Meintjes sold 4,000 shares of the firm's stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $175.24, for a total value of $700,960.00. Following the completion of the sale, the chief financial officer owned 226,675 shares in the company, valued at approximately $39,722,527. This trade represents a 1.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew J. Murphy sold 7,500 shares of the firm's stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $177.26, for a total transaction of $1,329,450.00. Following the completion of the sale, the chief executive officer owned 739,397 shares of the company's stock, valued at $131,065,512.22. The trade was a 1.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 245,060 shares of company stock worth $29,901,072. Corporate insiders own 0.12% of the company's stock.

Marvell Technology News Summary

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

• Positive Sentiment: Marvell reported Q1 revenue of $2.42 billion and EPS of $0.80, topping or matching estimates, while revenue rose about 28% year over year on strong data-center demand.
• Positive Sentiment: Management raised guidance for the next quarter and boosted multiyear revenue targets, signaling that AI-related bookings and networking momentum are accelerating. Marvell Technology, Inc. Reports First Quarter of Fiscal Year 2027 Financial Results
• Positive Sentiment: Several Wall Street firms raised price targets after the report, including UBS to $230, Citi to $225, and Bank of America to $240, which helped extend bullish sentiment around the stock.

About Marvell Technology

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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