USS Investment Management Ltd Sells 38,781 Shares of Marvell Technology, Inc. $MRVL

USS Investment Management Ltd decreased its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 19.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 163,725 shares of the semiconductor company’s stock after selling 38,781 shares during the period. USS Investment Management Ltd’s holdings in Marvell Technology were worth $16,216,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Intech Investment Management LLC lifted its position in shares of Marvell Technology by 3.9% in the first quarter. Intech Investment Management LLC now owns 28,784 shares of the semiconductor company’s stock worth $1,772,000 after buying an additional 1,085 shares during the last quarter. Baird Financial Group Inc. boosted its stake in shares of Marvell Technology by 22.7% during the 2nd quarter. Baird Financial Group Inc. now owns 17,417 shares of the semiconductor company’s stock worth $1,348,000 after acquiring an additional 3,221 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in shares of Marvell Technology during the 2nd quarter valued at about $354,000. Treasurer of the State of North Carolina raised its stake in shares of Marvell Technology by 3.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 403,818 shares of the semiconductor company’s stock valued at $31,256,000 after acquiring an additional 11,572 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Marvell Technology by 1.0% in the 2nd quarter. Alliancebernstein L.P. now owns 411,569 shares of the semiconductor company’s stock valued at $31,855,000 after acquiring an additional 4,060 shares in the last quarter. Institutional investors own 83.51% of the company’s stock.

Insider Transactions at Marvell Technology

In other Marvell Technology news, CFO Willem A. Meintjes sold 4,000 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $175.24, for a total value of $700,960.00. Following the completion of the sale, the chief financial officer directly owned 226,675 shares of the company’s stock, valued at $39,722,527. This represents a 1.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Daniel Durn sold 2,250 shares of the business’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 transaction, the chief financial officer owned 6,902 shares in the company, valued at approximately $1,939,531.02. The trade was a 24.58% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 177,273 shares of company stock worth $26,796,269. 0.12% of the stock is currently owned by insiders.

Marvell Technology Stock Performance

Shares of NASDAQ MRVL opened at $272.05 on Thursday. The company has a quick ratio of 2.66, a current ratio of 3.28 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average is $225.29 and its two-hundred day moving average is $137.66. The company has a market cap of $237.99 billion, a P/E ratio of 93.17, a P/E/G ratio of 1.95 and a beta of 2.29. 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 EPS for the quarter, hitting analysts’ consensus estimates of $0.80. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The company had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same period in the previous year, the company earned $0.62 earnings per share. 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. On average, equities analysts expect that Marvell Technology, Inc. will post 3.07 EPS for the current year.

Marvell Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Friday, July 10th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.1%. The ex-dividend date is Friday, July 10th. Marvell Technology’s dividend payout ratio is presently 8.22%.

Analysts Set New Price Targets

Several research firms recently weighed in on MRVL. Cantor Fitzgerald boosted their target price on Marvell Technology from $220.00 to $300.00 and gave the stock a “neutral” rating in a report on Monday. Morgan Stanley lifted their price target on shares of Marvell Technology from $172.00 to $195.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $240.00 price objective on shares of Marvell Technology in a research note on Thursday, May 28th. Melius Research set a $220.00 price objective on shares of Marvell Technology in a report on Monday, May 18th. Finally, KeyCorp raised their target price on shares of Marvell Technology from $260.00 to $385.00 and gave the company an “overweight” rating in a research note on Thursday, June 18th. Three 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $239.81.

Key Marvell Technology News

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

• Positive Sentiment: Wall Street commentary remains constructive, with recent pieces highlighting Marvell’s role in AI infrastructure, custom silicon, optics, and data-center connectivity. Despite Recent Stock Surge, Marvell Technology’s (MRVL) Best Days May Still Be Ahead
• Positive Sentiment: Analysts have continued to back the stock, including upgrades and higher earnings estimates, suggesting expectations are still rising after Marvell’s strong AI-quarter results. Marvell Technology Stock Page
• Positive Sentiment: Recent coverage also pointed to renewed enthusiasm around the broader custom AI chip market, which investors see as a tailwind for Marvell’s data-center business. Marvell gains as investors tie the company to a broader custom AI chip opportunity
• Neutral Sentiment: Marvell’s COO Chris Koopmans sold 10,000 shares under a pre-arranged 10b5-1 plan, a routine insider transaction that may still add to investor caution near recent highs. SEC Form 4 Filing
• Negative Sentiment: Several market updates noted MRVL dipping in premarket trading as investors rotated out of high-growth semiconductor names amid a softer broader market. What’s Going on With Marvell Technology Stock Wednesday?
• Negative Sentiment: Some recent commentary also questioned whether Marvell’s valuation has outrun fundamentals after its sharp rally, which can pressure the stock when momentum cools. Marvell (MRVL) Stock Looks Overvalued On Earnings But Strong On Returns

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.