Capital Research Global Investors Increases Stock Position in Marvell Technology, Inc. $MRVL

Capital Research Global Investors increased its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 177.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,551,249 shares of the semiconductor company’s stock after purchasing an additional 2,913,368 shares during the quarter. Capital Research Global Investors’ holdings in Marvell Technology were worth $386,765,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Laurel Wealth Advisors LLC purchased a new position in shares of Marvell Technology in the fourth quarter valued at $25,000. Cherry Tree Wealth Management LLC purchased a new position in shares of Marvell Technology in the fourth quarter valued at $26,000. Elyxium Wealth LLC purchased a new position in shares of Marvell Technology in the fourth quarter valued at $40,000. Strive Asset Management LLC purchased a new position in shares of Marvell Technology in the third quarter valued at $42,000. Finally, Avalon Trust Co boosted its stake in shares of Marvell Technology by 70.6% in the third quarter. Avalon Trust Co now owns 650 shares of the semiconductor company’s stock valued at $55,000 after purchasing an additional 269 shares during the period. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on MRVL. Compass Point set a $190.00 price objective on shares of Marvell Technology in a research note on Tuesday, May 26th. Barclays increased their price objective on shares of Marvell Technology from $150.00 to $275.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. The Goldman Sachs Group set a $180.00 price objective on shares of Marvell Technology in a research note on Thursday, May 28th. Scotiabank assumed coverage on shares of Marvell Technology in a research note on Tuesday, May 26th. They set an “outperform” rating on the stock. Finally, Cantor Fitzgerald increased their price objective on shares of Marvell Technology from $190.00 to $220.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Two 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 company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $218.58.

Insider Activity at Marvell Technology

In other Marvell Technology news, insider Sandeep Bharathi sold 66,892 shares of the stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $130.35, for a total transaction of $8,719,372.20. Following the sale, the insider directly owned 55,199 shares of the company’s stock, valued at approximately $7,195,189.65. This represents a 54.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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. Also, COO Chris Koopmans sold 10,000 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $205.87, for a total transaction of $2,058,700.00. Following the sale, the chief operating officer directly owned 237,392 shares in the company, valued at $48,871,891.04. This trade represents a 4.04% 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. Insiders sold 255,060 shares of company stock valued at $31,959,772 in the last ninety days. 0.12% of the stock is owned by insiders.

Key Headlines Impacting Marvell Technology

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

• Positive Sentiment: Raymond James raised its price target on Marvell to $235 from $105 and reiterated a Strong Buy rating, reflecting continued analyst confidence. Raymond James Raises its Price Target on Marvell (MRVL) to $235 from $105
• Neutral Sentiment: Marvell received unusual call-option activity, which may signal trader interest, but it does not by itself change the fundamental outlook.
• Neutral Sentiment: There was ongoing speculation that Marvell could be added to the S&P 500 in an upcoming index rebalancing, which could provide a passive-fund boost if it happens.
• Negative Sentiment: Broader chip stocks sold off after Broadcom’s outlook disappointed Wall Street, dragging MRVL down with the sector. Micron, Marvell, and Broadcom lead chipmakers’ premarket losses
• Negative Sentiment: Several reports warned that Marvell was overbought after its rapid run-up, making it vulnerable to profit-taking and a momentum unwind. Why Is Marvell Technology Stock Falling On Friday?

Marvell Technology Stock Performance

NASDAQ MRVL opened at $263.47 on Monday. Marvell Technology, Inc. has a 12 month low of $61.44 and a 12 month high of $324.20. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.28 and a quick ratio of 2.66. The company has a market capitalization of $230.48 billion, a price-to-earnings ratio of 90.23, a price-to-earnings-growth ratio of 1.72 and a beta of 2.29. The company’s fifty day moving average price is $164.84 and its two-hundred day moving average price is $112.76.

Marvell Technology (NASDAQ:MRVL) last posted 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. The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.41 billion. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The firm’s revenue was up 27.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.62 EPS. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. As a group, research analysts predict that Marvell Technology, Inc. will post 3.08 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Friday, April 10th were issued a dividend of $0.06 per share. 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 is 8.22%.

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.