Marvell Technology, Inc. $MRVL Shares Sold by Burney Co.

Burney Co. trimmed its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 62.6% during the second quarter, Holdings Channel.com reports. The firm owned 10,144 shares of the semiconductor company’s stock after selling 16,972 shares during the period. Burney Co.’s holdings in Marvell Technology were worth $3,022,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Intech Investment Management LLC grew its holdings in shares of Marvell Technology by 3.9% during the first quarter. Intech Investment Management LLC now owns 28,784 shares of the semiconductor company’s stock worth $1,772,000 after buying an additional 1,085 shares in the last quarter. Baird Financial Group Inc. lifted its stake in shares of Marvell Technology by 22.7% during the second quarter. Baird Financial Group Inc. now owns 17,417 shares of the semiconductor company’s stock valued at $1,348,000 after buying an additional 3,221 shares during the period. Flow Traders U.S. LLC purchased a new position in shares of Marvell Technology during the second quarter valued at approximately $354,000. Treasurer of the State of North Carolina boosted its position in Marvell Technology by 3.0% during the second quarter. Treasurer of the State of North Carolina now owns 403,818 shares of the semiconductor company’s stock worth $31,256,000 after acquiring an additional 11,572 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in Marvell Technology by 1.0% during the second quarter. Alliancebernstein L.P. now owns 411,569 shares of the semiconductor company’s stock worth $31,855,000 after acquiring an additional 4,060 shares during the last quarter. 83.51% of the stock is owned by institutional investors and hedge funds.

Marvell Technology News Roundup

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

• Positive Sentiment: Management’s higher long-term outlook for data-center demand is strengthening the investment case, particularly as Marvell expands its custom silicon, optical networking and high-speed interconnect businesses. The stock’s decline from its highs is also attracting “buy the dip” interest. Down 37% From Its Highs, Is Marvell Technology Stock a Buy on the Dip?
• Positive Sentiment: Goldman Sachs raised its 12-month price target after MRVL rallied nearly 40% over two weeks, adding to a series of bullish analyst views. Recent coverage also highlighted a rating upgrade and price targets well above the current trading range. Wall Street sets Marvell stock price for the next 12 months
• Positive Sentiment: Industry commentary points to a rapidly expanding AI networking buildout. Marvell’s optical and interconnect technologies could benefit as data-center operators scale AI clusters, while products such as Bravera SC6, Structera X and Photonic Fabric broaden its AI portfolio. Lumentum Puts The Insane Opportunity for Companies like Marvell and Ciena Into Focus With One Stunning Quote
• Positive Sentiment: Marvell’s planned $250 million investment in India will expand engineering capacity, local facilities and partnerships supporting semiconductor, AI and cloud development. Why Is Marvell Technology Investing $250 Million in India Now?
• Neutral Sentiment: Investors are positioning for Marvell’s upcoming earnings report and the next wave of AI-sector results in late August and early September; technical indicators also suggest the possibility of a short-term rebound before earnings. Marvell Technology Stock Might Offer a Quick Bounce Before Earnings
• Negative Sentiment: Quiver Quantitative data shows 21 insider sales and no insider purchases over the past six months, a potential cautionary signal after the sharp rebound. MRVL also remains a high-beta stock trading at a demanding earnings multiple, leaving it vulnerable to profit-taking and disappointment in AI growth expectations.

Insider Activity

In related news, CFO Daniel Durn sold 2,250 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $281.01, for a total transaction of $632,272.50. Following the completion of the sale, the chief financial officer owned 6,902 shares of the company’s stock, valued at approximately $1,939,531.02. This represents a 24.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Chris Koopmans sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $205.87, for a total transaction of $2,058,700.00. Following the completion of the transaction, the chief operating officer owned 237,392 shares in the company, valued at $48,871,891.04. The trade was a 4.04% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 34,481 shares of company stock valued at $7,982,532 in the last three months. Corporate insiders own 0.12% of the company’s stock.

Marvell Technology Trading Up 2.3%

MRVL stock opened at $222.18 on Friday. The company has a market cap of $194.36 billion, a price-to-earnings ratio of 76.09, a PEG ratio of 1.36 and a beta of 2.24. The company has a quick ratio of 2.66, a current ratio of 3.28 and a debt-to-equity ratio of 0.27. The business has a fifty day simple moving average of $238.42 and a 200-day simple moving average of $165.28. Marvell Technology, Inc. has a 52 week low of $61.44 and a 52 week high of $329.88.

Marvell Technology (NASDAQ:MRVL) last issued its 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. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The firm had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter last year, the firm earned $0.62 earnings per share. The firm’s revenue for the quarter was up 27.6% compared to the same quarter last year. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. On average, equities research analysts expect that Marvell Technology, Inc. will post 3.07 EPS for the current year.

Marvell Technology Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have weighed in on the company. Stifel Nicolaus boosted their price target on Marvell Technology from $321.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Benchmark raised their price objective on Marvell Technology from $130.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Evercore reaffirmed an “outperform” rating and issued a $155.00 price objective on shares of Marvell Technology in a research report on Tuesday, May 19th. HSBC set a $300.00 target price on Marvell Technology and gave the company a “buy” rating in a research note on Tuesday, May 26th. Finally, Oppenheimer raised their price target on Marvell Technology from $200.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $245.94.

Marvell Technology Company 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.