Glenmede Trust Co. NA Acquires 128,980 Shares of Marvell Technology, Inc. $MRVL

Glenmede Trust Co. NA raised its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 29.4% in the first quarter, Holdings Channel reports. The fund owned 567,402 shares of the semiconductor company’s stock after acquiring an additional 128,980 shares during the period. Glenmede Trust Co. NA’s holdings in Marvell Technology were worth $56,201,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. State Street Corp lifted its holdings in shares of Marvell Technology by 7.9% during the 4th quarter. State Street Corp now owns 22,834,816 shares of the semiconductor company’s stock valued at $1,940,503,000 after purchasing an additional 1,677,724 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Marvell Technology by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 12,108,452 shares of the semiconductor company’s stock valued at $1,025,185,000 after purchasing an additional 97,624 shares during the period. Norges Bank bought a new stake in Marvell Technology during the 4th quarter worth approximately $895,455,000. Van ECK Associates Corp increased its stake in Marvell Technology by 11.4% during the 4th quarter. Van ECK Associates Corp now owns 9,864,514 shares of the semiconductor company’s stock worth $838,286,000 after purchasing an additional 1,007,315 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Marvell Technology by 9.7% during the 4th quarter. Northern Trust Corp now owns 6,798,272 shares of the semiconductor company’s stock worth $577,717,000 after buying an additional 598,920 shares during the period. 83.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Erste Group Bank lowered shares of Marvell Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. William Blair reissued an “outperform” rating on shares of Marvell Technology in a research report on Thursday, May 28th. UBS Group raised their price objective on shares of Marvell Technology from $230.00 to $340.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Roth Capital boosted their price objective on shares of Marvell Technology from $135.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Finally, Cantor Fitzgerald upped their target price on shares of Marvell Technology from $220.00 to $300.00 and gave the stock a “neutral” rating in a research note on Monday, June 29th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Marvell Technology has a consensus rating of “Moderate Buy” and an average price target of $245.45.

Trending Headlines about Marvell Technology

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

• Positive Sentiment: Recent earnings from major technology companies pointed to continued heavy investment in data centers and AI infrastructure. Marvell is viewed as a key supplier of custom AI silicon and networking products, supporting expectations for sustained demand. Why Is Marvell Technology Stock Surging Friday?
• Positive Sentiment: Analysts remain broadly constructive: 25 analysts have issued price targets over the past six months, with a reported median target of $250 and several recent targets ranging from $300 to $385. The average target cited by another report was $256.91, implying substantial potential upside if Marvell executes. Marvell Down Huge This Month: The Pros See 120% Returns in 12 Months
• Positive Sentiment: Options activity has increased in longer-dated call contracts, indicating that some traders are positioning for a recovery tied to AI infrastructure growth. Institutional sentiment was also generally supportive, with more investors adding shares than reducing positions in the latest reported period.
• Neutral Sentiment: Marvell’s next earnings report is expected in late August. Investors will be watching revenue growth, custom-chip demand, and forward guidance for evidence that AI-related industry momentum is improving the company’s financial performance.
• Negative Sentiment: Valuation concerns contributed to the recent decline. After a strong multiyear advance, some measures suggest the shares remain expensive or “stretched,” leaving MRVL vulnerable if growth expectations weaken. Marvell Stock Looks Stretched After a 206% Five Year Run
• Negative Sentiment: Insiders have reported 20 open-market sales and no purchases over the past six months, including sales by senior executives and the CEO. While such transactions may reflect portfolio diversification, the absence of insider buying is a cautionary signal for investors.

Insider Buying and Selling

In related news, CEO Matthew J. Murphy sold 7,500 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $177.26, for a total value of $1,329,450.00. Following the completion of the transaction, the chief executive officer directly owned 739,397 shares of the company’s stock, valued at approximately $131,065,512.22. This trade represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 on 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 35,981 shares of company stock worth $8,207,942 in the last quarter. 0.12% of the stock is owned by company insiders.

Marvell Technology Price Performance

NASDAQ:MRVL opened at $187.56 on Friday. Marvell Technology, Inc. has a 52-week low of $61.44 and a 52-week high of $329.88. The company has a market cap of $164.08 billion, a P/E ratio of 64.23, a P/E/G ratio of 1.15 and a beta of 2.20. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.66 and a current ratio of 3.28. The stock’s 50-day simple moving average is $243.00 and its 200 day simple moving average is $156.44.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, meeting the consensus estimate of $0.80. The firm had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The business’s quarterly 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 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 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Friday, July 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, July 10th. Marvell Technology’s dividend payout ratio is presently 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.