Sterling Capital Management LLC Reduces Position in Marvell Technology, Inc. $MRVL

Sterling Capital Management LLC trimmed its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 11.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 317,997 shares of the semiconductor company’s stock after selling 39,177 shares during the period. Sterling Capital Management LLC’s holdings in Marvell Technology were worth $31,498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealth Effects LLC purchased a new stake in Marvell Technology during the 1st quarter valued at about $230,000. Xcel Wealth Management LLC increased its holdings in shares of Marvell Technology by 18.5% in the first quarter. Xcel Wealth Management LLC now owns 6,811 shares of the semiconductor company’s stock valued at $675,000 after purchasing an additional 1,065 shares during the period. SmartHarvest Portfolios LLC purchased a new position in shares of Marvell Technology in the first quarter worth about $254,000. Independent Wealth Network Inc. purchased a new position in shares of Marvell Technology in the first quarter worth about $205,000. Finally, Louisiana State Employees Retirement System acquired a new stake in shares of Marvell Technology during the first quarter worth about $5,666,000. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on MRVL. JPMorgan Chase & Co. increased their price target on shares of Marvell Technology from $135.00 to $240.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Craig Hallum lifted their price objective on shares of Marvell Technology from $141.00 to $164.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Needham & Company LLC upped their price objective on shares of Marvell Technology from $118.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Melius Research set a $220.00 price objective on shares of Marvell Technology in a research note on Monday, May 18th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Marvell Technology in a report on Wednesday. Three 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $233.68.

Key Marvell Technology News

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

• Positive Sentiment: Marvell reported strong cash generation, with first-quarter fiscal 2027 operating cash flow nearly doubling to a record $638.8 million, supporting the view that AI and data-center demand are translating into real financial performance.
• Positive Sentiment: Recent analyst coverage remained constructive, including BofA raising its price target on MRVL to $365 from $240 while keeping a Buy rating, reinforcing bullish long-term sentiment around AI-chip exposure.
• Positive Sentiment: Technical commentary said MRVL broke above its 20-day moving average, which traders often read as a short-term bullish signal. Article Title
• Neutral Sentiment: Marvell also declared a quarterly dividend of $0.06 per share, which is modest and unlikely to materially change the investment thesis. Article Title
• Neutral Sentiment: Several articles framed MRVL as still having upside potential after its strong year-to-date move, but also noted that valuation is becoming harder to justify versus peers like Broadcom. Article Title
• Negative Sentiment: Market commentary said Wall Street is dumping some of the biggest AI winners as tech sentiment weakens, which is pressuring Marvell along with other high-momentum semiconductor names. Article Title
• Negative Sentiment: Investors also appeared cautious after Barron’s highlighted that Marvell’s new CFO, Dan Durn, sold stock in his first open-market transaction since joining the company, adding to concerns that the AI rally may be overheating. Article Title

Marvell Technology Stock Down 5.2%

Shares of MRVL stock opened at $266.77 on Friday. The stock has a 50 day moving average of $216.75 and a 200 day moving average of $133.30. The company has a current ratio of 3.28, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27. The stock has a market cap of $233.37 billion, a P/E ratio of 91.36, a P/E/G ratio of 1.84 and a beta of 2.29. Marvell Technology, Inc. has a twelve month low of $61.44 and a twelve month high of $329.88.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80. The business 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 quarterly revenue was up 27.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.62 EPS. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. As a group, sell-side analysts expect that Marvell Technology, Inc. will post 3.07 EPS for the current year.

Marvell Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Friday, July 10th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. Marvell Technology’s dividend payout ratio is 8.22%.

Insider Activity

In other Marvell Technology news, CFO Willem A. Meintjes sold 4,000 shares of the company’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 transaction, the chief financial officer owned 226,675 shares in the company, valued at approximately $39,722,527. This represents a 1.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Chris Koopmans sold 10,000 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $205.87, for a total transaction of $2,058,700.00. Following the sale, the chief operating officer directly owned 237,392 shares in the company, valued at approximately $48,871,891.04. The trade was a 4.04% 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. Insiders sold a total of 185,127 shares of company stock valued at $25,874,325 in the last three months. Corporate 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.