Holderness Investments Co. Purchases New Holdings in Marvell Technology, Inc. $MRVL

Holderness Investments Co. bought a new position in Marvell Technology, Inc. (NASDAQ:MRVL) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,715 shares of the semiconductor company’s stock, valued at approximately $316,000.

A number of other large investors have also bought and sold shares of the company. Cherry Tree Wealth Management LLC purchased a new stake in Marvell Technology in the fourth quarter worth $26,000. Norges Bank purchased a new stake in Marvell Technology in the fourth quarter worth $895,455,000. Coyle Financial Counsel LLC purchased a new stake in Marvell Technology in the fourth quarter worth $201,000. Eurizon Capital SGR S.p.A. purchased a new stake in Marvell Technology in the fourth quarter worth $106,869,000. Finally, Triglav Investments D.O.O. increased its position in Marvell Technology by 74.3% in the fourth quarter. Triglav Investments D.O.O. now owns 34,859 shares of the semiconductor company’s stock worth $2,962,000 after buying an additional 14,859 shares during the last quarter. 83.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MRVL has been the subject of a number of recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Marvell Technology in a research report on Friday, March 27th. Royal Bank Of Canada raised their target price on Marvell Technology from $170.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Rosenblatt Securities raised their target price on Marvell Technology from $190.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday. Barclays raised their target price on Marvell Technology from $150.00 to $275.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Needham & Company LLC raised their target price on Marvell Technology from $118.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $212.34.

Insider Activity at Marvell Technology

In related news, CFO Willem A. Meintjes sold 4,000 shares of Marvell Technology stock in a transaction on Friday, May 15th. The stock was sold at an average price of $175.24, for a total transaction of $700,960.00. Following the completion of the sale, the chief financial officer owned 226,675 shares of the company’s stock, valued at approximately $39,722,527. This trade represents a 1.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 value of $1,355,000.00. Following the sale, the executive vice president directly owned 35,878 shares of the company’s stock, valued at $4,861,469. This represents a 21.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 245,060 shares of company stock valued at $29,901,072 in the last ninety days. 0.12% of the stock is currently owned by corporate insiders.

Key Marvell Technology News

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

• Positive Sentiment: Marvell posted record quarterly revenue, met EPS estimates, and raised its outlook on accelerating AI-related data center demand, reinforcing the bull case for MRVL.
• Positive Sentiment: A wave of analyst price-target increases, including multiple firms moving targets into the $225-$275 range, signals growing Wall Street confidence in Marvell’s AI growth story.
• Positive Sentiment: Coverage highlighted Marvell’s expanding opportunities in networking chips, custom silicon, interconnect, and optical solutions as AI infrastructure spending continues to rise.
• Neutral Sentiment: Some analysts say the stock’s strong rally has already priced in a lot of good news, making valuation a key question for investors after the earnings move.
• Negative Sentiment: Gross margin expansion is slowing as custom chip costs rise and competition intensifies, which could limit earnings leverage if revenue growth cools.

Marvell Technology Price Performance

Marvell Technology stock opened at $205.00 on Friday. Marvell Technology, Inc. has a one year low of $58.61 and a one year high of $218.26. The business has a fifty day moving average price of $146.17 and a 200-day moving average price of $105.94. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.58. The firm has a market capitalization of $183.95 billion, a P/E ratio of 70.21, a PEG ratio of 1.71 and a beta of 2.25.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, hitting analysts’ consensus estimates of $0.80. Marvell Technology had a return on equity of 14.89% and a net margin of 28.99%.The firm had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same period last year, the company earned $0.62 earnings per share. The business’s revenue for the quarter was up 27.6% on a year-over-year basis. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. As a group, equities research analysts forecast that Marvell Technology, Inc. will post 3.05 EPS for the current year.

Marvell Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Friday, April 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 of this dividend was Friday, April 10th. Marvell Technology’s dividend payout ratio (DPR) is presently 8.22%.

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.