Pallas Capital Advisors LLC Sells 30,449 Shares of Marvell Technology, Inc. $MRVL

Pallas Capital Advisors LLC cut its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 44.4% in the second quarter, HoldingsChannel reports. The firm owned 38,202 shares of the semiconductor company’s stock after selling 30,449 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Marvell Technology were worth $11,380,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Laurel Wealth Advisors LLC bought a new position in Marvell Technology during the fourth quarter valued at $25,000. Hilton Head Capital Partners LLC increased its holdings in shares of Marvell Technology by 978.3% in the 1st quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company’s stock worth $25,000 after buying an additional 225 shares during the last quarter. Jessup Wealth Management Inc bought a new stake in shares of Marvell Technology in the 4th quarter worth about $25,000. Cherry Tree Wealth Management LLC purchased a new stake in shares of Marvell Technology during the 4th quarter valued at about $26,000. Finally, MidFirst Bank purchased a new stake in shares of Marvell Technology during the 4th quarter valued at about $28,000. Institutional investors own 83.51% of the company’s stock.

Trending Headlines about Marvell Technology

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

• Positive Sentiment: Marvell agreed to develop custom silicon connected to Google’s Tensor Processing Unit ecosystem, including inference accelerators, storage and networking controllers, and memory-interface products. The deal broadens Marvell’s role in Google’s AI infrastructure and could challenge Broadcom’s long-standing position as Google’s primary custom-chip partner. Marvell pops on AI chip deal
• Positive Sentiment: Google received warrants to purchase up to approximately 58.97 million Marvell shares at $206.58 each, potentially representing about 6.7% of shares outstanding and roughly $12.2 billion in value. The warrants vest in stages based on Google’s purchases, aligning Google’s future AI-chip spending with Marvell’s growth. Marvell shares jump as Google warrant deepens partnership
• Positive Sentiment: Analysts described the agreement as a major long-term catalyst. JPMorgan sees a potential $120 billion cumulative opportunity through fiscal 2033, while RBC reaffirmed an Outperform rating with a $360 price target. Stifel and William Blair also issued or maintained Buy recommendations. Marvell’s Google AI deal could unlock opportunity
• Positive Sentiment: Technical momentum also improved after MRVL reclaimed its 50-day moving average, supporting a bullish-trend thesis and forecasts for a possible move toward $300. Marvell overtakes 50-day moving average

Marvell Technology Trading Up 5.8%

MRVL opened at $251.01 on Friday. The stock has a market cap of $219.58 billion, a price-to-earnings ratio of 85.96, a P/E/G ratio of 1.48 and a beta of 2.24. The stock’s 50 day moving average price is $234.59 and its 200-day moving average price is $170.57. Marvell Technology, Inc. has a one year low of $61.44 and a one year high of $329.88. 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 quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share for the quarter, hitting the consensus estimate of $0.80. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the prior year, the business posted $0.62 earnings per share. The company’s revenue for the quarter was up 27.6% on a year-over-year basis. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. On average, equities analysts forecast that Marvell Technology, Inc. will post 3.07 EPS for the current year.

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Friday, July 10th were paid a $0.06 dividend. The ex-dividend date was 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 (DPR) is presently 8.22%.

Insiders Place Their Bets

In other news, insider Sandeep Bharathi sold 2,231 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $299.13, for a total transaction of $667,359.03. Following the completion of the sale, the insider directly owned 55,530 shares of the company’s stock, valued at approximately $16,610,688.90. The trade was a 3.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $236.08, for a total transaction of $1,770,600.00. Following the completion of the transaction, the chief executive officer owned 783,186 shares in the company, valued at approximately $184,894,550.88. The trade was a 0.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 41,981 shares of company stock valued at $9,753,132 in the last three months. 0.12% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on MRVL shares. UBS Group lifted their price target on Marvell Technology from $300.00 to $310.00 and gave the stock a “buy” rating in a research report on Thursday. Loop Capital upgraded Marvell Technology to a “strong-buy” rating in a research report on Tuesday, June 16th. William Blair reaffirmed an “outperform” rating on shares of Marvell Technology in a research note on Thursday, May 28th. HSBC set a $300.00 target price on Marvell Technology and gave the stock a “buy” rating in a report on Tuesday, May 26th. Finally, KeyCorp boosted their target price on Marvell Technology from $385.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Marvell Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $250.27.

Marvell Technology Company 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.