Clearline Capital LP Increases Stock Holdings in Marvell Technology, Inc. $MRVL

Clearline Capital LP lifted its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 97.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 90,715 shares of the semiconductor company’s stock after buying an additional 44,740 shares during the period. Clearline Capital LP’s holdings in Marvell Technology were worth $7,709,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Keel Point LLC boosted its position in shares of Marvell Technology by 2.2% during the fourth quarter. Keel Point LLC now owns 5,649 shares of the semiconductor company’s stock valued at $480,000 after buying an additional 124 shares during the last quarter. Faithward Advisors LLC boosted its position in shares of Marvell Technology by 2.1% during the third quarter. Faithward Advisors LLC now owns 6,242 shares of the semiconductor company’s stock valued at $525,000 after buying an additional 126 shares during the last quarter. SouthState Bank Corp boosted its position in shares of Marvell Technology by 17.6% during the fourth quarter. SouthState Bank Corp now owns 863 shares of the semiconductor company’s stock valued at $73,000 after buying an additional 129 shares during the last quarter. South Plains Financial Inc. boosted its position in shares of Marvell Technology by 1.6% during the third quarter. South Plains Financial Inc. now owns 8,454 shares of the semiconductor company’s stock valued at $711,000 after buying an additional 130 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. boosted its position in shares of Marvell Technology by 1.3% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 10,546 shares of the semiconductor company’s stock valued at $896,000 after buying an additional 132 shares during the last quarter. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MRVL. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $240.00 target price on shares of Marvell Technology in a research report on Thursday, May 28th. Bank of America lifted their price target on Marvell Technology from $200.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. HSBC set a $300.00 price objective on Marvell Technology and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Craig Hallum boosted their price objective on Marvell Technology from $141.00 to $164.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $240.00 price objective on shares of Marvell Technology in a research report on Friday, June 12th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Marvell Technology has an average rating of “Moderate Buy” and an average target price of $224.68.

Marvell Technology News Summary

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

• Positive Sentiment: Marvell is seeing strong investor enthusiasm after Nvidia-linked comments and a reported $2 billion AI chip alliance boosted confidence in its role in AI data-center infrastructure. Marvell Gains Attention After Nvidia Backing
• Positive Sentiment: Marvell expects booming custom-chip sales and continued growth from AI infrastructure demand, which supports the stock’s rally. Marvell Forecasting Booming Sales for Custom Chips
• Positive Sentiment: Marvell’s upcoming S&P 500 inclusion could create passive-fund and ETF buying pressure. Marvell, Flex Could Be Days Away From Massive Passive-Fund Tailwind
• Neutral Sentiment: Marvell disclosed an insider sale, but it was done under a pre-arranged 10b5-1 plan and to cover tax withholding, limiting the negative read-through. SEC Form 4

Marvell Technology Stock Up 3.9%

MRVL stock opened at $289.54 on Thursday. The stock’s fifty day simple moving average is $193.56 and its two-hundred day simple moving average is $123.95. The company has a current ratio of 3.28, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27. Marvell Technology, Inc. has a 1-year low of $61.44 and a 1-year high of $324.20. The stock has a market cap of $253.29 billion, a P/E ratio of 99.16, a P/E/G ratio of 1.83 and a beta of 2.29.

Marvell Technology (NASDAQ:MRVL) last issued its earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.80. The firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.41 billion. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The business’s revenue was up 27.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 earnings per share. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. Analysts expect that Marvell Technology, Inc. will post 3.07 EPS for the current year.

Insider Transactions at Marvell Technology

In other Marvell Technology news, CFO Willem A. Meintjes sold 4,000 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $175.24, for a total value of $700,960.00. Following the sale, the chief financial officer directly owned 226,675 shares in the company, valued at $39,722,527. The trade was a 1.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Casper sold 10,000 shares of the business’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $135.50, for a total value of $1,355,000.00. Following the completion of the sale, the executive vice president owned 35,878 shares in the company, valued at approximately $4,861,469. The trade was a 21.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 257,291 shares of company stock valued at $32,627,131. 0.12% of the stock is currently owned by insiders.

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.