Harber Asset Management LLC Has $7.71 Million Stake in Marvell Technology, Inc. $MRVL

Harber Asset Management LLC trimmed its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 28.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,744 shares of the semiconductor company’s stock after selling 35,474 shares during the period. Marvell Technology comprises about 3.2% of Harber Asset Management LLC’s portfolio, making the stock its 18th largest position. Harber Asset Management LLC’s holdings in Marvell Technology were worth $7,711,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Laurel Wealth Advisors LLC acquired a new stake in Marvell Technology in the 4th quarter valued at $25,000. Jessup Wealth Management Inc acquired a new stake in Marvell Technology in the 4th quarter valued at $25,000. Cherry Tree Wealth Management LLC acquired a new stake in Marvell Technology in the 4th quarter valued at $26,000. Ankerstar Wealth LLC acquired a new stake in Marvell Technology in the 4th quarter valued at $34,000. Finally, Elyxium Wealth LLC acquired a new stake in Marvell Technology in the 4th quarter valued at $40,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on MRVL shares. Evercore reiterated an “outperform” rating and issued a $155.00 price target on shares of Marvell Technology in a research note on Tuesday, May 19th. Wells Fargo & Company lifted their price target on shares of Marvell Technology from $195.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Erste Group Bank started coverage on shares of Marvell Technology in a research note on Thursday, April 2nd. They issued a “buy” rating on the stock. Susquehanna lifted their price target on shares of Marvell Technology from $100.00 to $230.00 and gave the company a “positive” rating in a research note on Tuesday, May 26th. Finally, The Goldman Sachs Group set a $180.00 price target on shares of Marvell Technology in a research note on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $224.68.

Marvell Technology Stock Down 0.4%

Marvell Technology stock opened at $279.70 on Friday. The firm has a market capitalization of $244.68 billion, a PE ratio of 95.79, a P/E/G ratio of 1.83 and a beta of 2.29. The company’s 50-day moving average is $182.49 and its 200-day moving average is $119.35. Marvell Technology, Inc. has a fifty-two week low of $61.44 and a fifty-two week high of $324.20. 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 (NASDAQ:MRVL) last released its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share for the quarter, hitting the consensus estimate of $0.80. The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.41 billion. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. Marvell Technology’s revenue for the quarter was up 27.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.62 EPS. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. Sell-side analysts anticipate that Marvell Technology, Inc. will post 3.07 earnings per share for the current year.

Marvell Technology Announces Dividend

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

Marvell Technology News Summary

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

• Positive Sentiment: Marvell is set to join the S&P 500 on June 22, a move that can drive automatic buying from index funds and reinforce investor confidence in the company’s scale and profitability.
• Positive Sentiment: B. Riley raised its price target on Marvell to $345 and maintained a buy rating, signaling continued upside expectations for the AI-driven semiconductor business.
• Positive Sentiment: Erste Group lifted its FY2027 and FY2028 earnings estimates, reflecting higher expectations for Marvell’s long-term AI infrastructure growth.
• Positive Sentiment: Marvell’s appointment of Dan Durn as CFO, along with the company’s reaffirmed outlook, suggests management sees a stable transition while it continues pushing its AI growth strategy. Article: Marvell Taps Adobe CFO as AI Growth Push Continues
• Neutral Sentiment: Coverage across financial media continues to highlight Marvell as a major AI infrastructure name, which keeps the stock in focus but does not by itself change fundamentals.
• Neutral Sentiment: Some commentary notes that the stock has run up sharply and is trading at a premium valuation, which could lead to more volatility if expectations get too high.
• Negative Sentiment: Rosenblatt reaffirmed a buy rating but kept a $240 price target, which is below the current trading level and suggests some analysts see limited near-term upside from here.

Insider Activity at Marvell Technology

In related news, COO Chris Koopmans sold 10,000 shares of Marvell Technology stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $110.24, for a total transaction of $1,102,400.00. Following the completion of the sale, the chief operating officer owned 133,870 shares of the company’s stock, valued at approximately $14,757,828.80. The trade was a 6.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew J. Murphy sold 30,000 shares of Marvell Technology stock in a transaction dated Thursday, March 26th. The stock was sold at an average price of $98.70, for a total transaction of $2,961,000.00. Following the sale, the chief executive officer directly owned 310,106 shares of the company’s stock, valued at $30,607,462.20. The trade was a 8.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 255,060 shares of company stock worth $31,959,772 over the last ninety days. Company insiders own 0.12% of the company’s 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.