Milestone Asset Management LLC Lowers Position in Marvell Technology, Inc. $MRVL

Milestone Asset Management LLC trimmed its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 43.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,097 shares of the semiconductor company’s stock after selling 2,337 shares during the quarter. Milestone Asset Management LLC’s holdings in Marvell Technology were worth $923,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Prentice Wealth Management LLC acquired a new position in Marvell Technology in the second quarter valued at about $344,000. Brookstone Capital Management boosted its stake in Marvell Technology by 296.5% during the second quarter. Brookstone Capital Management now owns 11,210 shares of the semiconductor company’s stock worth $3,339,000 after buying an additional 8,383 shares during the period. Salem Investment Counselors Inc. increased its position in shares of Marvell Technology by 7.7% during the second quarter. Salem Investment Counselors Inc. now owns 130,333 shares of the semiconductor company’s stock valued at $38,825,000 after acquiring an additional 9,363 shares during the last quarter. Plancorp LLC acquired a new stake in shares of Marvell Technology during the second quarter valued at about $287,000. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in shares of Marvell Technology during the second quarter valued at about $823,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Marvell Technology

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.

Marvell Technology Stock Up 2.3%

Shares of Marvell Technology stock opened at $222.18 on Friday. The company has a quick ratio of 2.66, a current ratio of 3.28 and a debt-to-equity ratio of 0.27. Marvell Technology, Inc. has a 52-week low of $61.44 and a 52-week high of $329.88. The company has a market capitalization of $194.36 billion, a P/E ratio of 76.09, a P/E/G ratio of 1.36 and a beta of 2.24. The company has a 50 day moving average of $238.42 and a 200 day moving average of $165.28.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, meeting analysts’ consensus estimates of $0.80. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the prior year, the firm posted $0.62 EPS. The company’s quarterly revenue 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. As a group, research analysts forecast 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 was paid on Thursday, July 30th. Investors of record on Friday, July 10th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Friday, July 10th. Marvell Technology’s dividend payout ratio is 8.22%.

Wall Street Analysts Forecast Growth

MRVL has been the topic of several recent analyst reports. The Goldman Sachs Group restated a “neutral” rating and issued a $195.00 price objective on shares of Marvell Technology in a report on Wednesday. UBS Group lifted their target price on shares of Marvell Technology from $230.00 to $340.00 and gave the company a “buy” rating in a report on Monday, June 29th. Melius Research set a $220.00 target price on Marvell Technology in a research report on Monday, May 18th. Benchmark boosted their target price on Marvell Technology from $130.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Finally, Needham & Company LLC upped their price target on Marvell Technology from $118.00 to $270.00 and gave the stock a “buy” 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 issued a Hold rating to the stock. According to MarketBeat.com, Marvell Technology currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.94.

Insider Activity at Marvell Technology

In other news, CFO Daniel Durn sold 2,250 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $281.01, for a total transaction of $632,272.50. Following the completion of the transaction, the chief financial officer directly 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 legal filing with the SEC, which can be accessed through this link. Also, insider Sandeep Bharathi sold 2,231 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $299.13, for a total value of $667,359.03. Following the transaction, the insider directly owned 55,530 shares of the company’s stock, valued at approximately $16,610,688.90. This represents a 3.86% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 34,481 shares of company stock valued at $7,982,532 over the last quarter. 0.12% of the stock is 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.