Marvell Technology, Inc. $MRVL Stake Raised by Legal & General Group Plc

Legal & General Group Plc grew its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,753,035 shares of the semiconductor company’s stock after buying an additional 100,065 shares during the period. Legal & General Group Plc’s holdings in Marvell Technology were worth $488,893,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Laurel Wealth Advisors LLC bought a new stake in shares of Marvell Technology during the fourth quarter valued at approximately $25,000. Elyxium Wealth LLC bought a new stake in shares of Marvell Technology during the fourth quarter valued at approximately $40,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Marvell Technology by 98.0% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 493 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 244 shares during the last quarter. Strive Asset Management LLC bought a new stake in shares of Marvell Technology during the third quarter valued at approximately $42,000. Finally, Avalon Trust Co raised its holdings in shares of Marvell Technology by 70.6% during the third quarter. Avalon Trust Co now owns 650 shares of the semiconductor company’s stock valued at $55,000 after buying an additional 269 shares during the last quarter. Institutional investors own 83.51% of the company’s stock.

Marvell Technology Stock Performance

Marvell Technology stock opened at $196.33 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.58 and a current ratio of 2.01. The firm has a market cap of $176.17 billion, a price-to-earnings ratio of 63.74, a price-to-earnings-growth ratio of 1.64 and a beta of 2.25. Marvell Technology, Inc. has a 1 year low of $58.61 and a 1 year high of $198.40. The firm’s 50 day moving average price is $136.99 and its two-hundred day moving average price is $102.89.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings results on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.01. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.21 billion. Marvell Technology had a net margin of 32.58% and a return on equity of 14.22%. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 earnings per share. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. On average, research analysts predict that Marvell Technology, Inc. will post 3.04 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Friday, April 10th were given a $0.06 dividend. The ex-dividend date was Friday, April 10th. This represents a $0.24 annualized dividend and a yield of 0.1%. Marvell Technology’s payout ratio is 7.79%.

Analyst Ratings Changes

A number of research firms recently commented on MRVL. Cantor Fitzgerald raised their price objective on shares of Marvell Technology from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. Craig Hallum raised their price objective on shares of Marvell Technology from $141.00 to $164.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Erste Group Bank began coverage on shares of Marvell Technology in a research note on Thursday, April 2nd. They set a “buy” rating on the stock. Evercore reiterated an “outperform” rating and set a $155.00 price objective on shares of Marvell Technology in a research note on Tuesday, May 19th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Marvell Technology in a research note on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $143.76.

Insider Transactions at Marvell Technology

In other Marvell Technology news, CFO Willem A. Meintjes sold 30,000 shares of Marvell Technology stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $134.01, for a total value of $4,020,300.00. Following the transaction, the chief financial officer owned 154,111 shares in the company, valued at approximately $20,652,415.11. The trade was a 16.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 Marvell Technology stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $110.24, for a total transaction of $1,102,400.00. Following the completion of the transaction, the chief operating officer owned 133,870 shares in the company, valued at approximately $14,757,828.80. This trade represents a 6.95% 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. Insiders have sold a total of 245,060 shares of company stock valued at $29,901,072 in the last 90 days. 0.19% of the stock is owned by corporate insiders.

Marvell Technology News Summary

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

• Positive Sentiment: Citi raised its price target on Marvell to $215 from $118 and kept a Buy rating ahead of earnings, signaling confidence in solid results and ongoing AI-related demand. Citi Lifts Price Target on Marvell Technology, Inc. (MRVL)
• Positive Sentiment: Oppenheimer also lifted its price target on Marvell to $200 from $170 and reiterated Outperform, adding to the bullish pre-earnings setup. Oppenheimer Raises its Price Target on Marvell (MRVL)
• Positive Sentiment: Investor enthusiasm is being fueled by expectations that Marvell will benefit from fast-growing demand for inference-focused AI chips, with the “next Nvidia” trade putting added spotlight on the stock. The ‘Next Nvidia’ Trade? Why Investors Are Suddenly Watching Advanced Micro Devices, Arm Holdings, and Marvell Technology
• Neutral Sentiment: Multiple previews say Marvell’s upcoming earnings could be a major catalyst, with options pricing implying a sizable post-report move and the stock seen as capable of reaching new highs if guidance is strong. Here’s How Much Marvell Stock Is Expected to Move After Earnings
• Neutral Sentiment: Marvell is set to report earnings Wednesday afternoon, and investors are waiting to see whether results confirm the recent AI-driven optimism. Marvell Technology (MRVL) To Report Earnings Tomorrow: Here Is What To Expect
• Negative Sentiment: One report warns that Marvell is becoming highly overbought and overvalued heading into earnings, suggesting some traders may be cautious despite the bullish narrative. Marvell Technology Stock Gets Highly Overbought, Overvalued Ahead Of Earnings

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.