Prudential PLC Purchases 7,105 Shares of Marvell Technology, Inc. $MRVL

Prudential PLC grew its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 6.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 117,983 shares of the semiconductor company’s stock after acquiring an additional 7,105 shares during the period. Prudential PLC’s holdings in Marvell Technology were worth $10,026,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Laurel Wealth Advisors LLC purchased a new position in Marvell Technology in the 4th quarter worth approximately $25,000. Cherry Tree Wealth Management LLC bought a new stake in Marvell Technology in the fourth quarter valued at approximately $26,000. Elyxium Wealth LLC bought a new stake in Marvell Technology in the fourth quarter valued at approximately $40,000. Strive Asset Management LLC bought a new stake in Marvell Technology in the third quarter valued at approximately $42,000. Finally, Avalon Trust Co lifted its position in Marvell Technology by 70.6% in the third quarter. Avalon Trust Co now owns 650 shares of the semiconductor company’s stock valued at $55,000 after purchasing an additional 269 shares during the last quarter. 83.51% of the stock is currently owned by institutional investors.

Marvell Technology News Summary

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

• Positive Sentiment: Raymond James raised its price target on Marvell to $235 from $105 and reiterated a Strong Buy rating, reflecting continued analyst confidence. Raymond James Raises its Price Target on Marvell (MRVL) to $235 from $105
• Neutral Sentiment: Marvell received unusual call-option activity, which may signal trader interest, but it does not by itself change the fundamental outlook.
• Neutral Sentiment: There was ongoing speculation that Marvell could be added to the S&P 500 in an upcoming index rebalancing, which could provide a passive-fund boost if it happens.
• Negative Sentiment: Broader chip stocks sold off after Broadcom’s outlook disappointed Wall Street, dragging MRVL down with the sector. Micron, Marvell, and Broadcom lead chipmakers’ premarket losses
• Negative Sentiment: Several reports warned that Marvell was overbought after its rapid run-up, making it vulnerable to profit-taking and a momentum unwind. Why Is Marvell Technology Stock Falling On Friday?

Analysts Set New Price Targets

MRVL has been the subject of several recent research reports. Craig Hallum boosted their price objective on Marvell Technology from $141.00 to $164.00 and gave the company a “buy” rating in a research report on Friday, March 6th. B. Riley Financial reiterated a “buy” rating on shares of Marvell Technology in a research report on Tuesday, May 12th. Scotiabank initiated coverage on Marvell Technology in a research report on Tuesday, May 26th. They issued an “outperform” rating for the company. Morgan Stanley boosted their price objective on Marvell Technology from $172.00 to $195.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Finally, Needham & Company LLC boosted their price objective on Marvell Technology from $118.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Marvell Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $218.58.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, CEO Matthew J. Murphy sold 30,000 shares of Marvell Technology stock in a transaction on Thursday, March 26th. The stock was 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 approximately $30,607,462.20. The trade was a 8.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark Casper sold 10,854 shares of Marvell Technology stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $107.01, for a total value of $1,161,486.54. Following the transaction, the executive vice president owned 4,023 shares of the company’s stock, valued at $430,501.23. The trade was a 72.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 255,060 shares of company stock valued at $31,959,772 in the last ninety days. Corporate insiders own 0.12% of the company’s stock.

Marvell Technology Trading Down 16.7%

MRVL opened at $263.47 on Friday. The stock has a market cap of $230.48 billion, a PE ratio of 90.23, a PEG ratio of 2.10 and a beta of 2.29. 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 of $164.84 and a 200-day moving average of $112.56. Marvell Technology, Inc. has a 52 week low of $61.44 and a 52 week high of $324.20.

Marvell Technology (NASDAQ:MRVL) last released its earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, meeting analysts’ consensus estimates of $0.80. The company had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The firm’s revenue for the quarter was up 27.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.62 EPS. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. Equities research analysts predict that Marvell Technology, Inc. will post 3.04 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Friday, April 10th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Friday, April 10th. Marvell Technology’s dividend payout ratio (DPR) is presently 8.22%.

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.