Candriam S.C.A. Decreases Position in Marvell Technology, Inc. $MRVL

Candriam S.C.A. trimmed its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 2.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 711,747 shares of the semiconductor company’s stock after selling 17,185 shares during the period. Candriam S.C.A.’s holdings in Marvell Technology were worth $70,499,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Norges Bank bought a new stake in Marvell Technology in the fourth quarter worth $895,455,000. Ameriprise Financial Inc. increased its position in Marvell Technology by 59.7% during the third quarter. Ameriprise Financial Inc. now owns 16,624,827 shares of the semiconductor company’s stock valued at $1,397,751,000 after acquiring an additional 6,217,952 shares during the last quarter. Rafferty Asset Management LLC raised its stake in shares of Marvell Technology by 111.0% in the second quarter. Rafferty Asset Management LLC now owns 5,810,359 shares of the semiconductor company’s stock valued at $449,722,000 after acquiring an additional 3,056,808 shares during the period. Capital Research Global Investors raised its stake in shares of Marvell Technology by 177.9% in the fourth quarter. Capital Research Global Investors now owns 4,551,249 shares of the semiconductor company’s stock valued at $386,765,000 after acquiring an additional 2,913,368 shares during the period. Finally, Danica Pension Livsforsikringsaktieselskab bought a new stake in shares of Marvell Technology in the 3rd quarter worth about $151,488,000. Institutional investors own 83.51% of the company’s stock.

Insider Activity at Marvell Technology

In other Marvell Technology news, EVP Mark Casper sold 10,000 shares of the firm’s stock in a transaction dated 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 transaction, 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. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Willem A. Meintjes sold 30,000 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $134.01, for a total transaction of $4,020,300.00. Following the completion of the sale, the chief financial officer owned 154,111 shares of the company’s stock, valued at approximately $20,652,415.11. This represents a 16.29% decrease in their position. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 160,373 shares of company stock worth $24,938,664 over the last quarter. Corporate insiders own 0.12% of the company’s stock.

Key Stories Impacting Marvell Technology

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

• Positive Sentiment: Marvell highlighted progress in its AI infrastructure business, with reports that its five AI growth engines support plans for about 40% revenue growth in fiscal 2027 and 45% in fiscal 2028. Article Title
• Positive Sentiment: Marvell also got a boost from analyst sentiment, with RBC Capital reaffirming a $360 price target as the AI-chip rebound lifted semiconductors broadly. Article Title
• Positive Sentiment: News that Marvell’s Tower PIC shipments for AI data-center optics reached 5 million units supports the view that demand for its optical and connectivity products remains strong. Article Title
• Neutral Sentiment: Shares were helped at times by a broader semiconductor rebound and improved market tone, including strength in the Nasdaq and AI-related stocks. Article Title
• Negative Sentiment: MRVL also slipped alongside other chip names ahead of SK Hynix’s U.S. trading debut, reflecting rotation and caution in the memory/AI chip space. Article Title
• Negative Sentiment: After a big advance over the past year, some investors and commentators are questioning whether Marvell’s valuation already reflects much of the AI optimism, which can weigh on the shares near term. Article Title

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MRVL shares. Morgan Stanley lifted their price target on shares of Marvell Technology from $172.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. Wells Fargo & Company raised their price objective on shares of Marvell Technology from $195.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Roth Capital boosted their target price on Marvell Technology from $135.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Raymond James Financial set a $235.00 target price on Marvell Technology and gave the company a “strong-buy” rating in a research note on Thursday, May 28th. Finally, KeyCorp raised their price target on Marvell Technology from $260.00 to $385.00 and gave the stock an “overweight” rating in a research note on Thursday, June 18th. Three investment 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 MarketBeat.com, Marvell Technology presently has an average rating of “Moderate Buy” and an average target price of $244.97.

Marvell Technology Stock Down 3.1%

Shares of NASDAQ MRVL opened at $235.81 on Friday. Marvell Technology, Inc. has a 52-week low of $61.44 and a 52-week high of $329.88. The firm has a market capitalization of $206.29 billion, a price-to-earnings ratio of 80.76, a PEG ratio of 1.59 and a beta of 2.20. The stock has a 50 day moving average price of $236.79 and a 200 day moving average price of $144.93. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.66 and a current ratio of 3.28.

Marvell Technology (NASDAQ:MRVL) last issued its earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share 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 previous year, the company posted $0.62 EPS. Marvell Technology’s revenue was up 27.6% on a year-over-year basis. 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 earnings per share for the current year.

Marvell Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Friday, July 10th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. Marvell Technology’s dividend payout ratio is 8.22%.

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.