PKO Investment Management Joint Stock Co Sells 7,730 Shares of Marvell Technology, Inc. $MRVL

PKO Investment Management Joint Stock Co lessened its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVLFree Report) by 12.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 52,270 shares of the semiconductor company’s stock after selling 7,730 shares during the period. PKO Investment Management Joint Stock Co’s holdings in Marvell Technology were worth $5,177,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MRVL. Jessup Wealth Management Inc acquired a new position in shares of Marvell Technology during the fourth quarter valued at about $25,000. Laurel Wealth Advisors LLC bought a new stake in Marvell Technology in the 4th quarter valued at about $25,000. Cherry Tree Wealth Management LLC acquired a new position in Marvell Technology during the 4th quarter worth approximately $26,000. MidFirst Bank acquired a new position in Marvell Technology during the 4th quarter worth approximately $28,000. Finally, Ankerstar Wealth LLC bought a new position in Marvell Technology in the fourth quarter worth approximately $34,000. 83.51% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Willem A. Meintjes sold 4,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $175.24, for a total transaction of $700,960.00. Following the transaction, the chief financial officer directly owned 226,675 shares of the company’s stock, valued at $39,722,527. This trade represents a 1.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Chris Koopmans sold 10,000 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $205.87, for a total transaction of $2,058,700.00. Following the completion of the sale, the chief operating officer directly owned 237,392 shares of the company’s stock, valued at $48,871,891.04. The trade was a 4.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 257,291 shares of company stock valued at $32,627,131 over the last 90 days. 0.12% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MRVL shares. Roth Mkm boosted their price objective on Marvell Technology from $135.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Craig Hallum increased their target price on Marvell Technology from $141.00 to $164.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Barclays lifted their price target on shares of Marvell Technology from $150.00 to $275.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $240.00 price target on shares of Marvell Technology in a research note on Thursday, May 28th. Finally, KGI Securities upgraded shares of Marvell Technology from a “neutral” rating to an “outperform” rating and set a $110.00 price objective on the stock in a report on Friday, March 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Marvell Technology presently has an average rating of “Moderate Buy” and a consensus price target of $228.71.

Get Our Latest Analysis on MRVL

Marvell Technology News Summary

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

Marvell Technology Stock Down 0.9%

MRVL stock opened at $307.86 on Tuesday. The firm has a market capitalization of $269.32 billion, a PE ratio of 105.43, a P/E/G ratio of 2.03 and a beta of 2.29. The company has a quick ratio of 2.66, a current ratio of 3.28 and a debt-to-equity ratio of 0.27. Marvell Technology, Inc. has a twelve month low of $61.44 and a twelve month high of $329.88. The stock’s 50 day moving average is $205.26 and its 200-day moving average is $128.57.

Marvell Technology (NASDAQ:MRVLGet Free Report) last released its quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, meeting analysts’ consensus estimates of $0.80. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same period in the prior year, the firm posted $0.62 EPS. Marvell Technology’s quarterly 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. Sell-side analysts expect that Marvell Technology, Inc. will post 3.07 EPS for the current fiscal year.

About Marvell Technology

(Free Report)

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.

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Institutional Ownership by Quarter for Marvell Technology (NASDAQ:MRVL)

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