Marvell Technology, Inc. $MRVL Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lowered its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 22.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,186 shares of the semiconductor company’s stock after selling 9,918 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Marvell Technology were worth $2,990,000 at the end of the most recent reporting period.

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

Marvell Technology News Roundup

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

• Positive Sentiment: Wells Fargo lifted its price target on Marvell and cited “significant AWS Trainium expansion ahead,” reinforcing optimism around AI chip demand and cloud spending. Marvell Stock (MRVL) Soars, Top Wells Fargo Analyst Lifts Price Target on ‘Significant AWS Trainium Expansion Ahead’
• Positive Sentiment: Evercore ISI also raised its target, adding to the broader Wall Street upgrade cycle as analysts grow more confident in Marvell’s AI networking and custom chip pipeline. Evercore ISI Raises Marvell Technology (MRVL) Price Target on Rising AI Infrastructure Demand
• Positive Sentiment: Citi reportedly raised its forecast materially ahead of Q1 results, adding another bullish signal that expectations are improving into earnings. Marvell Stock (MRVL) Extends Rally as Citi Raises Forecast by 82% Ahead of Q1 Earnings

Insider Buying and Selling at Marvell Technology

In related news, insider Sandeep Bharathi sold 66,892 shares of the company’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $130.35, for a total value of $8,719,372.20. Following the completion of the sale, the insider owned 55,199 shares in the company, valued at $7,195,189.65. This represents a 54.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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, EVP Mark Casper sold 10,000 shares of the company’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $135.50, for a total transaction of $1,355,000.00. Following the completion of the sale, the executive vice president owned 35,878 shares of the company’s stock, valued at approximately $4,861,469. This trade represents a 21.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 245,060 shares of company stock worth $29,901,072. 0.19% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MRVL. Stifel Nicolaus lifted their price target on shares of Marvell Technology from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Wall Street Zen downgraded shares of Marvell Technology from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. Evercore reiterated an “outperform” rating and issued a $155.00 price target on shares of Marvell Technology in a research note on Tuesday. UBS Group lifted their price target on shares of Marvell Technology from $120.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Finally, Susquehanna reiterated a “positive” rating on shares of Marvell Technology in a research note on Tuesday, February 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Marvell Technology has a consensus rating of “Moderate Buy” and a consensus price target of $141.64.

Marvell Technology Stock Up 2.1%

Shares of NASDAQ:MRVL opened at $190.69 on Friday. The company has a market capitalization of $171.11 billion, a PE ratio of 61.91, a P/E/G ratio of 1.56 and a beta of 2.25. The company has a current ratio of 2.01, a quick ratio of 1.58 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 $194.58. The firm has a 50 day simple moving average of $132.70 and a 200-day simple moving average of $101.38.

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

Marvell Technology Dividend Announcement

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

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.