Caisse de depot et placement du Quebec Takes Position in Marvell Technology, Inc. $MRVL

Caisse de depot et placement du Quebec acquired a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 468,485 shares of the semiconductor company’s stock, valued at approximately $139,557,000. Caisse de depot et placement du Quebec owned 0.05% of Marvell Technology as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. lifted its stake in shares of Marvell Technology by 34.1% during the 2nd quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company’s stock worth $25,511,649,000 after purchasing an additional 21,798,190 shares during the last quarter. Norges Bank bought a new position in Marvell Technology in the fourth quarter worth about $895,455,000. Legal & General Group Plc bought a new position in Marvell Technology in the second quarter worth about $1,742,526,000. Bank of New York Mellon Corp lifted its position in shares of Marvell Technology by 153.3% during the second quarter. Bank of New York Mellon Corp now owns 7,957,985 shares of the semiconductor company’s stock valued at $2,370,604,000 after buying an additional 4,815,725 shares during the last quarter. Finally, Rafferty Asset Management LLC boosted its holdings in shares of Marvell Technology by 111.0% in the 2nd quarter. Rafferty Asset Management LLC now owns 5,810,359 shares of the semiconductor company’s stock valued at $449,722,000 after buying an additional 3,056,808 shares in the last quarter. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Marvell Technology

In related news, CEO Matthew J. Murphy sold 7,500 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were 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 of the company’s stock, valued at $184,894,550.88. This trade represents a 0.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Daniel Durn sold 2,250 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $281.01, for a total transaction of $632,272.50. Following the transaction, the chief financial officer owned 6,902 shares of the company’s stock, valued at $1,939,531.02. This represents a 24.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 41,981 shares of company stock worth $9,753,132 over the last ninety days. 0.12% of the stock is owned by insiders.

Marvell Technology Trading Up 2.0%

Shares of NASDAQ:MRVL opened at $245.11 on Thursday. Marvell Technology, Inc. has a 52-week low of $61.44 and a 52-week high of $329.88. The stock has a market cap of $214.42 billion, a price-to-earnings ratio of 83.94, a PEG ratio of 1.50 and a beta of 2.24. The company has a quick ratio of 2.66, a current ratio of 3.28 and a debt-to-equity ratio of 0.27. The business has a 50-day moving average price of $230.49 and a 200-day moving average price of $175.15.

Marvell Technology (NASDAQ:MRVL) last issued its 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 firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the prior year, the firm earned $0.62 earnings per share. Marvell Technology’s revenue for the quarter was up 27.6% on a year-over-year basis. Equities analysts predict that Marvell Technology, Inc. will post 3.07 EPS for the current year.

Marvell Technology Dividend Announcement

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

Wall Street Analysts Forecast Growth

MRVL has been the subject of a number of analyst reports. Roth Capital reissued a “buy” rating and set a $350.00 target price on shares of Marvell Technology in a research report on Thursday, August 20th. TD Cowen reaffirmed a “hold” rating and issued a $225.00 price target (up from $200.00) on shares of Marvell Technology in a report on Tuesday, August 18th. Rosenblatt Securities upped their price target on Marvell Technology from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday. DA Davidson set a $225.00 price objective on Marvell Technology in a report on Tuesday, August 18th. Finally, B. Riley Financial reissued a “buy” rating on shares of Marvell Technology in a research report on Wednesday, August 19th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Marvell Technology has a consensus rating of “Moderate Buy” and an average target price of $258.42.

More Marvell Technology News

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

• Positive Sentiment: Investor enthusiasm is being driven by Marvell’s newly announced custom-AI-chip partnership with Google. The agreement, reported at approximately $12.2 billion with a potentially much larger long-term opportunity, could strengthen Marvell’s position as a hyperscaler supplier and improve customer diversification. Marvell Reports Thursday: Google Contract Accounting
• Positive Sentiment: Analysts have raised their expectations ahead of the report. Susquehanna lifted its price target to $265 from $230, while Rosenblatt raised its target to $300 from $240 and retained a positive or buy rating. Analysts are looking for continued strength in AI networking and custom silicon, with consensus estimates of roughly $0.93 in adjusted EPS and $2.7 billion in revenue. Rosenblatt Raises Marvell Price Target
• Positive Sentiment: Marvell’s recent operating momentum supports the bullish case: its latest reported revenue rose 27.6% year over year to $2.42 billion, while EPS increased to $0.80. Investors also hope management will raise its outlook again after doing so on previous calls. Marvell Guidance Outlook
• Neutral Sentiment: The Google warrant is an important earnings-related focus. Nearly all of it vests based on qualifying custom-product purchases beginning Aug. 1, so investors will watch for accounting effects and management commentary rather than expecting the full partnership to materially appear in the quarter’s revenue immediately. Google Contract and Marvell Earnings
• Negative Sentiment: Options markets imply an unusually large post-earnings move—about 10.6% in one estimate—highlighting elevated event risk. Marvell also trades at a high earnings multiple after its rally, leaving the stock vulnerable if guidance, Google revenue timing, or AI-demand commentary disappoints. Marvell Options-Implied Earnings Move

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.