Marvell Technology, Inc. $MRVL Shares Bought by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. increased its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 6.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,160 shares of the semiconductor company’s stock after purchasing an additional 4,722 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Marvell Technology were worth $7,346,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Mayflower Financial Advisors LLC boosted its holdings in Marvell Technology by 1.7% in the 1st quarter. Mayflower Financial Advisors LLC now owns 4,109 shares of the semiconductor company’s stock valued at $407,000 after purchasing an additional 68 shares in the last quarter. Bell Investment Advisors Inc raised its stake in shares of Marvell Technology by 12.9% during the 1st quarter. Bell Investment Advisors Inc now owns 628 shares of the semiconductor company’s stock worth $62,000 after buying an additional 72 shares in the last quarter. Schear Investment Advisers LLC raised its stake in shares of Marvell Technology by 1.4% during the 1st quarter. Schear Investment Advisers LLC now owns 7,551 shares of the semiconductor company’s stock worth $748,000 after buying an additional 106 shares in the last quarter. Thoma Capital Management LLC lifted its holdings in shares of Marvell Technology by 1.3% in the 1st quarter. Thoma Capital Management LLC now owns 8,711 shares of the semiconductor company’s stock valued at $863,000 after buying an additional 114 shares during the period. Finally, Pittenger & Anderson Inc. lifted its holdings in shares of Marvell Technology by 61.5% in the 1st quarter. Pittenger & Anderson Inc. now owns 315 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 120 shares during the period. Institutional investors and hedge funds own 83.51% of the company’s stock.

Marvell Technology Stock Up 2.3%

MRVL opened at $222.44 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.66 and a current ratio of 3.28. The company has a market cap of $194.59 billion, a price-to-earnings ratio of 76.18, a PEG ratio of 1.42 and a beta of 2.20. Marvell Technology, Inc. has a one year low of $61.44 and a one year high of $329.88. The business’s fifty day moving average is $238.91 and its two-hundred day moving average is $147.23.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share for the quarter, meeting 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 return on equity of 13.83% and a net margin of 28.99%.The business’s revenue for the quarter was up 27.6% on a year-over-year basis. During the same quarter last year, the business posted $0.62 earnings per share. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. Analysts anticipate that Marvell Technology, Inc. will post 3.07 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Friday, July 10th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.1%. The ex-dividend date is Friday, July 10th. Marvell Technology’s dividend payout ratio (DPR) is 8.22%.

More Marvell Technology News

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

• Positive Sentiment: Analyst commentary highlighted growing momentum in Marvell’s custom AI silicon business, reinforcing the company’s role in AI infrastructure. Wall Street Analysts Look Bullish on Marvell (MRVL): Should You Buy?
• Positive Sentiment: Marvell’s latest quarterly results showed record revenue of $2.418 billion, up 28% year over year, which supports the AI growth story and helps reassure investors about demand. Why Marvell Technology (MRVL) Stock Is Up Today
• Positive Sentiment: Several recent price-target updates remain constructive, with multiple firms reiterating Buy ratings and targets well above recent trading levels, helping support the stock. Why Marvell Technology (MRVL) Stock Is Up Today
• Neutral Sentiment: The recent move also looks like a relief bounce after a broad chip-sector selloff, as investors rotated back into high-growth semiconductor names. Marvell Technology, Vishay Intertechnology, and Allegro MicroSystems Stocks Trade Down, What You Need To Know
• Negative Sentiment: Earlier weakness in MRVL was tied to profit-taking across chip stocks and a defensive shift out of high-multiple tech names, which could keep volatility elevated. Marvell Stock Drops 6%: Why Wall Street is Dumping High-Flying Chip Names for Energy

Wall Street Analysts Forecast Growth

MRVL has been the topic of a number of recent analyst reports. Morgan Stanley upped their price objective on Marvell Technology from $172.00 to $195.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. B. Riley Financial raised their target price on Marvell Technology from $240.00 to $345.00 and gave the company a “buy” rating in a report on Friday, June 12th. Wells Fargo & Company boosted their target price on shares of Marvell Technology from $195.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. HSBC set a $300.00 price target on shares of Marvell Technology and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Finally, Benchmark increased their price target on shares of Marvell Technology from $130.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $245.45.

Insider Activity

In other Marvell Technology news, CEO Matthew J. Murphy sold 7,500 shares of Marvell Technology 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 transaction, the chief executive officer owned 739,397 shares in the company, valued at approximately $131,065,512.22. The trade was a 1.00% 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 company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $281.92, for a total transaction of $2,819,200.00. Following the completion of the sale, the chief operating officer directly owned 227,754 shares in the company, valued at $64,208,407.68. This trade represents a 4.21% 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. Insiders sold a total of 122,873 shares of company stock worth $19,909,914 in the last three months. 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.