Nomura Asset Management Co. Ltd. Acquires 39,293 Shares of Marvell Technology, Inc. $MRVL

Nomura Asset Management Co. Ltd. grew its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 8.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 515,430 shares of the semiconductor company’s stock after buying an additional 39,293 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Marvell Technology were worth $43,801,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. MUFG Securities EMEA plc bought a new stake in Marvell Technology during the fourth quarter worth about $118,717,000. Holderness Investments Co. bought a new stake in Marvell Technology during the fourth quarter worth about $316,000. Cherry Tree Wealth Management LLC bought a new stake in Marvell Technology during the fourth quarter worth about $26,000. Norges Bank bought a new stake in Marvell Technology during the fourth quarter worth about $895,455,000. Finally, Coyle Financial Counsel LLC bought a new stake in Marvell Technology during the fourth quarter worth about $201,000. 83.51% of the stock is owned by institutional investors.

Key Stories Impacting Marvell Technology

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

• Positive Sentiment: Marvell posted record quarterly revenue, met EPS estimates, and raised its outlook on accelerating AI-related data center demand, reinforcing the bull case for MRVL.
• Positive Sentiment: A wave of analyst price-target increases, including multiple firms moving targets into the $225-$275 range, signals growing Wall Street confidence in Marvell’s AI growth story.
• Positive Sentiment: Coverage highlighted Marvell’s expanding opportunities in networking chips, custom silicon, interconnect, and optical solutions as AI infrastructure spending continues to rise.
• Neutral Sentiment: Some analysts say the stock’s strong rally has already priced in a lot of good news, making valuation a key question for investors after the earnings move.
• Negative Sentiment: Gross margin expansion is slowing as custom chip costs rise and competition intensifies, which could limit earnings leverage if revenue growth cools.

Insiders Place Their Bets

In related news, COO Chris Koopmans sold 10,000 shares of the stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $110.24, for a total value of $1,102,400.00. Following the transaction, the chief operating officer directly owned 133,870 shares in the company, valued at $14,757,828.80. This represents a 6.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew J. Murphy sold 30,000 shares of the stock in a transaction that occurred on Thursday, March 26th. The shares were sold at an average price of $98.70, for a total transaction of $2,961,000.00. Following the completion of the transaction, the chief executive officer owned 310,106 shares in the company, valued at $30,607,462.20. This represents a 8.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 245,060 shares of company stock valued at $29,901,072 over the last three months. 0.12% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on MRVL shares. Oppenheimer upped their price objective on shares of Marvell Technology from $200.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday. Susquehanna upped their price objective on shares of Marvell Technology from $100.00 to $230.00 and gave the stock a “positive” rating in a research note on Tuesday, May 26th. Needham & Company LLC upped their target price on shares of Marvell Technology from $118.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday. Evercore reiterated an “outperform” rating and set a $155.00 target price on shares of Marvell Technology in a research report on Tuesday, May 19th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $240.00 target price on shares of Marvell Technology in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $212.34.

Marvell Technology Price Performance

Shares of MRVL stock opened at $205.00 on Monday. Marvell Technology, Inc. has a 1 year low of $58.61 and a 1 year high of $218.26. The firm’s 50 day moving average is $146.17 and its 200-day moving average is $106.03. The firm has a market capitalization of $179.33 billion, a price-to-earnings ratio of 70.21, a PEG ratio of 1.48 and a beta of 2.29. The company has a current ratio of 3.28, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27.

Marvell Technology (NASDAQ:MRVL) last announced its earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.80. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same period in the prior year, the business earned $0.62 earnings per share. Marvell Technology’s quarterly 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 forecast that Marvell Technology, Inc. will post 3.05 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

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

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.