Marvell Technology, Inc. $MRVL Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 11.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 70,999 shares of the semiconductor company’s stock after selling 8,978 shares during the period. PNC Financial Services Group Inc.’s holdings in Marvell Technology were worth $6,033,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Tredje AP fonden increased its holdings in Marvell Technology by 16.3% in the 4th quarter. Tredje AP fonden now owns 522,888 shares of the semiconductor company’s stock worth $44,435,000 after buying an additional 73,188 shares during the period. Handelsbanken Fonder AB increased its holdings in Marvell Technology by 8.0% in the 4th quarter. Handelsbanken Fonder AB now owns 578,204 shares of the semiconductor company’s stock worth $49,136,000 after buying an additional 43,054 shares during the period. Profund Advisors LLC increased its holdings in Marvell Technology by 8.1% in the 4th quarter. Profund Advisors LLC now owns 113,567 shares of the semiconductor company’s stock worth $9,651,000 after buying an additional 8,516 shares during the period. ProShare Advisors LLC increased its holdings in Marvell Technology by 43.1% in the 4th quarter. ProShare Advisors LLC now owns 1,450,382 shares of the semiconductor company’s stock worth $123,253,000 after buying an additional 436,837 shares during the period. Finally, Intrua Financial LLC increased its holdings in Marvell Technology by 20.0% in the 4th quarter. Intrua Financial LLC now owns 4,208 shares of the semiconductor company’s stock worth $358,000 after buying an additional 701 shares during the period. Institutional investors and hedge funds own 83.51% of the company’s stock.

Marvell Technology News Summary

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

• Positive Sentiment: Analysts turned more constructive on Marvell, including Stifel raising its price target from $140 to $210 and Wells Fargo/citi also boosting forecasts, signaling strong confidence in the company’s AI-chip demand. What Is Going On With Marvell Stock On Friday?
• Positive Sentiment: Investor enthusiasm is being driven by Marvell’s exposure to custom AI silicon for major customers like Amazon Trainium and Microsoft Maia, which is fueling expectations for strong growth heading into earnings on May 27. What Is Going On With Marvell Stock On Friday?
• Positive Sentiment: Shares are also benefiting from a broader bid in chip stocks and reports of heavy institutional buying, adding momentum to the stock’s recent record run. See How Big Money, AI Push Marvell Higher
• Neutral Sentiment: With Q1 earnings approaching, investors are focused on whether Marvell can keep delivering on AI-driven data center demand and custom silicon growth, but competition remains a watch point. MRVL to Post Q1 Earnings: Time to Buy, Sell or Hold the Stock?

Insider Transactions at Marvell Technology

In related news, COO Chris Koopmans sold 10,000 shares of Marvell Technology stock in a transaction on Friday, May 1st. The shares were sold at an average price of $162.76, for a total value of $1,627,600.00. Following the sale, the chief operating officer owned 209,592 shares of the company’s stock, valued at approximately $34,113,193.92. This trade represents a 4.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 Marvell Technology stock in a transaction on Friday, April 17th. The shares were sold at an average price of $135.50, for a total transaction of $1,355,000.00. Following the completion of the sale, the executive vice president directly owned 35,878 shares in the company, valued at $4,861,469. This represents a 21.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 245,060 shares of company stock worth $29,901,072 in the last ninety days. Company insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MRVL. Melius Research set a $220.00 price target on shares of Marvell Technology in a report on Monday, May 18th. Citigroup increased their price target on shares of Marvell Technology from $118.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday. Evercore reiterated an “outperform” rating and issued a $155.00 price target on shares of Marvell Technology in a report on Tuesday, May 19th. Stifel Nicolaus increased their price target on shares of Marvell Technology from $140.00 to $210.00 and gave the stock a “buy” rating in a report on Friday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Marvell Technology from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, March 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $143.76.

Marvell Technology Price Performance

Shares of NASDAQ MRVL opened at $196.33 on Monday. The stock has a market capitalization of $176.17 billion, a price-to-earnings ratio of 63.74, a PEG ratio of 1.64 and a beta of 2.25. Marvell Technology, Inc. has a 12 month low of $58.61 and a 12 month high of $198.40. The firm’s 50 day simple moving average is $134.82 and its 200-day simple moving average is $102.12. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.58.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings data on Thursday, March 5th. The semiconductor company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. The business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Marvell Technology had a net margin of 32.58% and a return on equity of 14.22%. The business’s revenue was up 22.1% on a year-over-year basis. During the same quarter last year, the company earned $0.60 EPS. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. Analysts expect that Marvell Technology, Inc. will post 3.04 EPS for the current year.

Marvell Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Friday, April 10th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, April 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. Marvell Technology’s dividend payout ratio (DPR) is presently 7.79%.

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.