Forsta AP Fonden Sells 4,500 Shares of Marvell Technology, Inc. $MRVL

Forsta AP Fonden lessened its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 2.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 181,800 shares of the semiconductor company’s stock after selling 4,500 shares during the quarter. Forsta AP Fonden’s holdings in Marvell Technology were worth $15,449,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in MRVL. Intech Investment Management LLC grew its position in Marvell Technology by 3.9% in the 1st quarter. Intech Investment Management LLC now owns 28,784 shares of the semiconductor company’s stock worth $1,772,000 after purchasing an additional 1,085 shares during the period. Baird Financial Group Inc. lifted its holdings 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 valued at $1,348,000 after buying an additional 3,221 shares during the period. Flow Traders U.S. LLC bought a new position in shares of Marvell Technology during the 2nd quarter valued at $354,000. Treasurer of the State of North Carolina boosted 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 worth $31,256,000 after buying an additional 11,572 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of Marvell Technology by 1.0% in the second quarter. Alliancebernstein L.P. now owns 411,569 shares of the semiconductor company’s stock worth $31,855,000 after acquiring an additional 4,060 shares during the period. 83.51% of the stock is currently owned by institutional investors.

Marvell Technology Stock Performance

NASDAQ MRVL opened at $205.00 on Friday. The company has a quick ratio of 1.58, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. Marvell Technology, Inc. has a twelve month low of $58.61 and a twelve month high of $218.26. The business has a 50-day moving average price of $146.17 and a 200-day moving average price of $105.94. The firm has a market cap of $183.95 billion, a price-to-earnings ratio of 70.21, a price-to-earnings-growth 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 company had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the previous year, the firm earned $0.62 EPS. The firm’s 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. As a group, equities research analysts predict that Marvell Technology, Inc. will post 3.05 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, April 10th. Marvell Technology’s payout ratio is 8.22%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Evercore reiterated an “outperform” rating and set a $155.00 price objective on shares of Marvell Technology in a research report on Tuesday, May 19th. Benchmark boosted their price target on Marvell Technology from $130.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday. Craig Hallum upped 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. JPMorgan Chase & Co. increased their price objective on shares of Marvell Technology from $135.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, The Goldman Sachs Group set a $180.00 price objective on shares of Marvell Technology in a report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $212.34.

Insider Transactions at Marvell Technology

In other Marvell Technology news, CEO Matthew J. Murphy sold 30,000 shares of Marvell Technology stock in a transaction on Thursday, March 26th. The shares were sold at an average price of $98.70, for a total value of $2,961,000.00. Following the sale, the chief executive officer directly owned 310,106 shares in the company, valued at approximately $30,607,462.20. The trade was a 8.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Sandeep Bharathi sold 66,892 shares of the business’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $130.35, for a total transaction of $8,719,372.20. Following the completion of the sale, the insider owned 55,199 shares in the company, valued at approximately $7,195,189.65. The trade was a 54.79% decrease in their position. The SEC filing for this sale provides additional information. 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 three months, insiders have sold 245,060 shares of company stock valued at $29,901,072. 0.12% of the stock is owned by corporate insiders.

Marvell Technology News Roundup

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.

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.