Pacer Advisors Inc. Raises Holdings in Marvell Technology, Inc. $MRVL

Pacer Advisors Inc. boosted its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 4.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 151,556 shares of the semiconductor company’s stock after acquiring an additional 6,749 shares during the quarter. Pacer Advisors Inc.’s holdings in Marvell Technology were worth $12,879,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Laurel Wealth Advisors LLC purchased a new position in shares of Marvell Technology during the 4th quarter worth $25,000. Jessup Wealth Management Inc purchased a new stake in Marvell Technology in the 4th quarter valued at about $25,000. Cherry Tree Wealth Management LLC purchased a new stake in Marvell Technology in the 4th quarter valued at about $26,000. Ankerstar Wealth LLC acquired a new position in Marvell Technology in the fourth quarter valued at about $34,000. Finally, Elyxium Wealth LLC acquired a new position in Marvell Technology in the fourth quarter valued at about $40,000. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MRVL. Craig Hallum lifted their price target on shares of Marvell Technology from $141.00 to $164.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Oppenheimer boosted their price target on shares of Marvell Technology from $200.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Needham & Company LLC upped their price objective on shares of Marvell Technology from $118.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Benchmark increased their price objective on shares of Marvell Technology from $130.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $240.00 target price on shares of Marvell Technology in a report on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $228.71.

Marvell Technology Stock Performance

Shares of Marvell Technology stock opened at $310.58 on Friday. The stock has a market capitalization of $271.70 billion, a price-to-earnings ratio of 106.36, a price-to-earnings-growth ratio of 2.03 and a beta of 2.29. 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 business has a 50-day moving average of $201.51 and a 200 day moving average of $126.81. Marvell Technology, Inc. has a 12 month low of $61.44 and a 12 month high of $329.88.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.80. The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.41 billion. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The business’s revenue for the quarter was up 27.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.62 earnings per share. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. As a group, sell-side analysts forecast that Marvell Technology, Inc. will post 3.07 earnings per share for the current year.

Insider Transactions at Marvell Technology

In other Marvell Technology news, EVP Mark Casper sold 10,854 shares of the stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $107.01, for a total transaction of $1,161,486.54. Following the sale, the executive vice president directly owned 4,023 shares in the company, valued at $430,501.23. This represents a 72.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Willem A. Meintjes sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $134.01, for a total transaction of $4,020,300.00. Following the completion of the transaction, the chief financial officer directly owned 154,111 shares of the company’s stock, valued at $20,652,415.11. This represents a 16.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last ninety days, insiders have sold 257,291 shares of company stock valued at $32,627,131. 0.12% of the stock is owned by corporate insiders.

Trending Headlines about Marvell Technology

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

• Positive Sentiment: Marvell is set to join the S&P 500 on June 22, which can drive demand from index funds and ETFs that track the benchmark.
• Positive Sentiment: Investor sentiment remains strong after Nvidia CEO Jensen Huang praised Marvell, reinforcing its role in AI infrastructure and custom chip design.
• Positive Sentiment: Recent analyst upgrades and sharply higher price targets suggest Wall Street sees more upside from Marvell’s AI networking and optical interconnect growth.
• Positive Sentiment: Marvell’s recent earnings and guidance continue to show solid demand, with revenue growth tied to data-center and custom-chip momentum.
• Neutral Sentiment: Several commentary pieces note that MRVL has run up quickly and may be trading at a demanding valuation, which could limit near-term upside even if the AI story stays intact.
• Neutral Sentiment: Technical notes suggest the stock remains in a strong uptrend near highs, but it may pause for consolidation after a steep move.
• Negative Sentiment: Marvell’s CFO filed to sell about $65 million of stock, and while insider sales can pressure sentiment, this looks like a large disclosure investors may view cautiously. Article: Marvell’s CFO Just Filed to Dump $65 Million of Stock
• Negative Sentiment: A separate insider sale by Sandeep Bharathi was also disclosed, though it was tied to a pre-arranged 10b5-1 plan and tax withholding, making it less concerning on its own.

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.