Spectrum Asset Management Inc. NB CA Sells 2,357 Shares of Marvell Technology, Inc. $MRVL

Spectrum Asset Management Inc. NB CA trimmed its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 43.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,046 shares of the semiconductor company’s stock after selling 2,357 shares during the quarter. Spectrum Asset Management Inc. NB CA’s holdings in Marvell Technology were worth $907,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Cantor Fitzgerald increased their price target on Marvell Technology from $220.00 to $300.00 and gave the company a “neutral” rating in a research report on Monday, June 29th. Rosenblatt Securities reaffirmed a “buy” rating and set a $240.00 price objective on shares of Marvell Technology in a report on Friday, June 12th. JPMorgan Chase & Co. upped their target price on shares of Marvell Technology from $135.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Scotiabank began coverage on shares of Marvell Technology in a report on Tuesday, May 26th. They issued an “outperform” rating for the company. Finally, UBS Group raised their price target on shares of Marvell Technology from $230.00 to $340.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Marvell Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $245.94.

Insider Buying and Selling at Marvell Technology

In related news, CFO Daniel Durn sold 2,250 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $281.01, for a total value of $632,272.50. Following the completion of the sale, the chief financial officer owned 6,902 shares in the company, valued at $1,939,531.02. The trade was a 24.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Chris Koopmans sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $180.50, for a total transaction of $1,805,000.00. Following the completion of the sale, the chief operating officer owned 227,941 shares of the company’s stock, valued at approximately $41,143,350.50. The trade was a 4.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 34,481 shares of company stock worth $7,982,532 over the last three months. 0.12% of the stock is owned by insiders.

Marvell Technology Stock Performance

NASDAQ MRVL opened at $222.02 on Monday. The firm has a market cap of $194.22 billion, a P/E ratio of 76.03, a price-to-earnings-growth ratio of 1.39 and a beta of 2.24. 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 company’s 50 day moving average is $237.59 and its 200-day moving average is $166.26. Marvell Technology, Inc. has a 12-month low of $61.44 and a 12-month high of $329.88.

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. The firm had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.41 billion. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The business’s revenue for the quarter was up 27.6% on a year-over-year basis. During the same period last year, the company earned $0.62 earnings per share. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. Sell-side analysts predict that Marvell Technology, Inc. will post 3.07 earnings per share for the current year.

Marvell Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Friday, July 10th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Friday, July 10th. Marvell Technology’s dividend payout ratio (DPR) is currently 8.22%.

Key Stories Impacting Marvell Technology

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

• Positive Sentiment: AI data-center demand supports the long-term outlook. Analysts and investors continue to highlight Marvell’s custom chips, optical networking, memory interconnects and high-speed data-movement products as key beneficiaries of expanding AI clusters. Management has also raised its long-term data-center growth outlook. Down 37% From Its Highs, Is Marvell Technology Stock a Buy on the Dip?
• Positive Sentiment: Wall Street price targets imply additional upside. Goldman Sachs has expressed a preference between Marvell and Nvidia ahead of earnings, while another report said Goldman analyst James Schneider raised Marvell’s 12-month price target. The broader analyst range remains bullish, with a reported median target of $250 and several targets between $300 and $385. Wall Street sets Marvell stock price for the next 12 months
• Positive Sentiment: Nvidia’s $2 billion investment remains a strategic vote of confidence. The investment strengthens Marvell’s profile as an AI-chip and infrastructure partner and is supporting comparisons between the two companies ahead of their earnings reports. NVIDIA Invested $2 Billion in Marvell
• Neutral Sentiment: Upcoming earnings are the immediate catalyst. Marvell’s latest quarter delivered $2.42 billion in revenue, up 27.6% year over year, and adjusted EPS in line with expectations. Investors will look for evidence that AI-related growth can justify the stock’s elevated valuation.
• Negative Sentiment: Insider selling may temper sentiment. QuiverQuant reported 21 insider sales and no purchases during the past six months, including sales by senior executives and the CEO. This does not necessarily signal weakening fundamentals, but it can raise caution after a major share-price advance. Marvell Technology Stock Opinions on AI Infrastructure Expansion

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.