Erste Asset Management GmbH Sells 50,782 Shares of Marvell Technology, Inc. $MRVL

Erste Asset Management GmbH cut its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 37.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 84,632 shares of the semiconductor company’s stock after selling 50,782 shares during the period. Erste Asset Management GmbH’s holdings in Marvell Technology were worth $7,258,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. O Shaughnessy Asset Management LLC boosted its holdings in Marvell Technology by 19.2% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 71,233 shares of the semiconductor company’s stock worth $6,053,000 after buying an additional 11,458 shares during the period. CenterBook Partners LP boosted its holdings in Marvell Technology by 96.5% in the 4th quarter. CenterBook Partners LP now owns 84,084 shares of the semiconductor company’s stock worth $7,145,000 after buying an additional 41,304 shares during the period. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted its holdings in Marvell Technology by 13.6% in the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 16,679 shares of the semiconductor company’s stock worth $1,417,000 after buying an additional 1,998 shares during the period. SouthState Bank Corp boosted its holdings in Marvell Technology by 17.6% in the 4th quarter. SouthState Bank Corp now owns 863 shares of the semiconductor company’s stock worth $73,000 after buying an additional 129 shares during the period. Finally, Syon Capital LLC bought a new position in Marvell Technology in the 4th quarter worth approximately $229,000. 83.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MRVL. Roth Mkm increased their target price on shares of Marvell Technology from $135.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Benchmark increased their target price on shares of Marvell Technology from $130.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Oppenheimer increased their target price on shares of Marvell Technology from $200.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Royal Bank Of Canada increased their target price on shares of Marvell Technology from $170.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. Finally, Rosenblatt Securities increased their target price on shares of Marvell Technology from $190.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $218.58.

Trending Headlines about Marvell Technology

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

• Positive Sentiment: Marvell will join the S&P 500 on June 22, a move that typically triggers passive fund buying and increases visibility with large institutional investors. Marvell shares jump after chipmaker wins spot in S&P 500
• Positive Sentiment: The stock is also benefiting from recent bullish AI commentary, including Nvidia CEO Jensen Huang’s remarks that positioned Marvell as a potential “next trillion-dollar company,” reinforcing investor enthusiasm around its custom AI silicon and data-center exposure. Marvell Technology jumps almost 9% in premarket after news it will join the S&P 500 index
• Positive Sentiment: Several recent articles argue Marvell remains a key AI infrastructure winner, with analysts and commentators highlighting growth in custom chips and networking hardware that could support further upside if execution stays strong. After Skyrocketing 340% in Just 12 Months, Is Marvell Technology Stock Still a Good Buy?
• Neutral Sentiment: Some coverage notes that Marvell’s valuation is already stretched after a huge run, so the S&P 500 boost may be partly offset by profit-taking or concerns that expectations are now very high.

Insider Activity

In other news, insider Sandeep Bharathi sold 66,892 shares of the firm’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $130.35, for a total transaction of $8,719,372.20. Following the sale, the insider owned 55,199 shares in the company, valued at approximately $7,195,189.65. This trade represents a 54.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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, 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 transaction of $1,329,450.00. Following the sale, the chief executive officer owned 739,397 shares in the company, valued at approximately $131,065,512.22. This trade represents a 1.00% 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. In the last 90 days, insiders have sold 255,060 shares of company stock worth $31,959,772. Corporate insiders own 0.12% of the company’s stock.

Marvell Technology Stock Performance

Marvell Technology stock opened at $288.85 on Tuesday. The firm’s fifty day moving average price is $168.66 and its 200-day moving average price is $114.24. 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 has a market cap of $252.69 billion, a P/E ratio of 98.92, a price-to-earnings-growth ratio of 1.72 and a beta of 2.29. Marvell Technology, Inc. has a fifty-two week low of $61.44 and a fifty-two week high of $324.20.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. The firm had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The business’s quarterly revenue was up 27.6% on a year-over-year basis. During the same quarter last year, the company posted $0.62 EPS. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. On average, equities research analysts expect that Marvell Technology, Inc. will post 3.08 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

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. The ex-dividend date was Friday, April 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. Marvell Technology’s dividend payout ratio (DPR) is 8.22%.

Marvell Technology 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.