WD Rutherford LLC Sells 11,928 Shares of Marvell Technology, Inc. $MRVL

WD Rutherford LLC lessened its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 40.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 17,538 shares of the semiconductor company’s stock after selling 11,928 shares during the period. WD Rutherford LLC’s holdings in Marvell Technology were worth $1,490,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Laurel Wealth Advisors LLC bought a new position in Marvell Technology in the 4th quarter worth about $25,000. Elyxium Wealth LLC bought a new position in Marvell Technology in the 4th quarter worth about $40,000. Strive Asset Management LLC bought a new position in Marvell Technology in the 3rd quarter worth about $42,000. Whittier Trust Co. of Nevada Inc. boosted its stake in Marvell Technology by 98.0% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 493 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 244 shares in the last quarter. Finally, Avalon Trust Co boosted its stake in Marvell Technology by 70.6% in the 3rd quarter. Avalon Trust Co now owns 650 shares of the semiconductor company’s stock worth $55,000 after purchasing an additional 269 shares in the last quarter. Institutional investors own 83.51% of the company’s stock.

Marvell Technology News Roundup

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

• Positive Sentiment: Bank of America and Goldman Sachs raised their price targets on Marvell, reinforcing optimism around AI networking, custom silicon, and data-center demand. BofA and Goldman Sachs reset Marvell stock price targets
• Positive Sentiment: Analysts and market coverage say Marvell’s optical and interconnect businesses could be a major hidden growth engine, with management reportedly lifting interconnect growth expectations to 50% for FY27. Marvell Technology Has a Hidden Growth Engine That Could Cause MRVL Stock to Skyrocket
• Positive Sentiment: New coverage says Marvell’s AI tailwinds remain strong, with demand for custom AI chips and data-center infrastructure continuing to accelerate. Marvell’s AI Tailwinds Are Heating Up. Is It Time to Buy the Breakout?
• Positive Sentiment: Reports also note that AMD disclosed a stake in Marvell, which may be read as validation of Marvell’s strategy and long-term opportunity. Robust Earnings Growth and Innovation Will Help the Marvell Stock Uptrend Keep Going

Analyst Ratings Changes

MRVL has been the topic of a number of analyst reports. TD Cowen upped their price target on shares of Marvell Technology from $90.00 to $190.00 and gave the stock a “hold” rating in a research note on Friday. Royal Bank Of Canada upped their price target on shares of Marvell Technology from $170.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday. Susquehanna reiterated a “positive” rating on shares of Marvell Technology in a research note on Tuesday, February 24th. UBS Group upped their price target on shares of Marvell Technology from $120.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Finally, Wall Street Zen cut shares of Marvell Technology from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $132.73.

Insider Activity

In other news, CEO Matthew J. Murphy sold 7,500 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer owned 739,397 shares of the company’s stock, valued at $131,065,512.22. This represents a 1.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandeep Bharathi sold 66,892 shares of the stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $130.35, for a total transaction of $8,719,372.20. Following the completion of the sale, the insider directly owned 55,199 shares of the company’s stock, valued at $7,195,189.65. This represents a 54.79% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 241,060 shares of company stock worth $29,200,112. Company insiders own 0.33% of the company’s stock.

Marvell Technology Price Performance

Shares of NASDAQ:MRVL opened at $176.89 on Monday. Marvell Technology, Inc. has a fifty-two week low of $58.61 and a fifty-two week high of $192.15. The firm has a market cap of $158.73 billion, a price-to-earnings ratio of 57.43, a price-to-earnings-growth ratio of 1.48 and a beta of 2.25. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.58 and a current ratio of 2.01. The business has a 50-day simple moving average of $125.27 and a two-hundred day simple moving average of $98.83.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings results on Thursday, March 5th. The semiconductor company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.79 by $0.01. Marvell Technology had a net margin of 32.58% and a return on equity of 14.22%. The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same quarter in the prior year, the firm earned $0.60 EPS. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. On average, analysts expect that Marvell Technology, Inc. will post 3.04 earnings per share for the current year.

Marvell Technology Dividend Announcement

The firm also recently declared 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 of this dividend was Friday, April 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. Marvell Technology’s dividend payout ratio is presently 7.79%.

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.