MIdWestOne Financial Group Inc. Buys 2,181 Shares of Marvell Technology, Inc. $MRVL

MIdWestOne Financial Group Inc. lifted its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 12.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,949 shares of the semiconductor company’s stock after acquiring an additional 2,181 shares during the period. MIdWestOne Financial Group Inc.’s holdings in Marvell Technology were worth $1,695,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Marvell Technology by 23.5% in the 3rd quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock valued at $6,692,830,000 after buying an additional 15,166,976 shares during the last quarter. Norges Bank acquired a new stake in Marvell Technology in the 4th quarter valued at approximately $895,455,000. Ameriprise Financial Inc. grew its holdings in Marvell Technology by 59.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 16,624,827 shares of the semiconductor company’s stock valued at $1,397,751,000 after buying an additional 6,217,952 shares during the last quarter. Franklin Resources Inc. grew its holdings in Marvell Technology by 47.0% in the 3rd quarter. Franklin Resources Inc. now owns 11,903,051 shares of the semiconductor company’s stock valued at $1,000,689,000 after buying an additional 3,805,431 shares during the last quarter. Finally, Rafferty Asset Management LLC grew its holdings in 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 during the last quarter. 83.51% of the stock is owned by institutional investors.

Marvell Technology News Summary

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

• Positive Sentiment: Marvell will join the S&P 500 on June 22, likely creating mandatory index-fund buying and boosting demand for the stock. Reuters: Marvell appoints Adobe’s Dan Durn as finance chief
• Positive Sentiment: The company named Adobe executive Dan Durn as its new CFO, a move that investors may view as strengthening financial leadership during a period of rapid growth. Business Wire: Marvell Announces CFO Transition
• Positive Sentiment: Analysts remain upbeat on Marvell’s AI infrastructure exposure, with some research notes lifting earnings estimates and calling MRVL a strong AI growth play. Zacks: Beyond Micron: 2 AI Stocks That Could Deliver Explosive Returns
• Positive Sentiment: Nvidia CEO Jensen Huang reportedly called Marvell the next trillion-dollar AI stock, adding to bullish AI-sector momentum around the shares. Motley Fool: Jensen Huang Just Delivered Fantastic News to Marvell Stock Investors
• Neutral Sentiment: Some articles highlighted recent volatility and questioned whether the S&P 500 inclusion could become a “sell-the-news” event, which may temper enthusiasm after the run-up. 247WallSt: Marvell Just Ripped 57% in a Month
• Negative Sentiment: One recent report noted Marvell shares pulled back sharply in the prior session despite strong earnings, showing that profit-taking and broader tech weakness can still pressure the stock. Motley Fool: Why Marvell Technology Stock Sank Today

Marvell Technology Price Performance

Shares of NASDAQ:MRVL opened at $280.71 on Friday. Marvell Technology, Inc. has a 1-year low of $61.44 and a 1-year high of $324.20. The firm has a market capitalization of $245.57 billion, a PE ratio of 96.13, a PEG ratio of 1.64 and a beta of 2.29. The business’s 50 day moving average is $179.03 and its 200-day moving average is $118.22. 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 quarterly earnings data 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 company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter last year, the firm earned $0.62 EPS. Marvell Technology’s revenue for the quarter was up 27.6% compared to the same quarter last year. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. Sell-side analysts predict that Marvell Technology, Inc. will post 3.1 earnings per share for the current year.

Marvell Technology Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on MRVL shares. Bank of America raised their target price on Marvell Technology from $200.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, May 28th. William Blair reaffirmed an “outperform” rating on shares of Marvell Technology in a report on Thursday, May 28th. Zacks Research raised Marvell Technology from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. TD Cowen raised their target price on Marvell Technology from $180.00 to $200.00 and gave the company a “hold” rating in a report on Thursday, May 28th. Finally, Cantor Fitzgerald raised their target price on Marvell Technology from $190.00 to $220.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.58.

Insider Activity at Marvell Technology

In related news, EVP Mark Casper sold 10,000 shares of the business’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $135.50, for a total value of $1,355,000.00. Following the sale, the executive vice president owned 35,878 shares of the company’s stock, valued at $4,861,469. The trade was a 21.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Chris Koopmans sold 10,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $205.87, for a total value of $2,058,700.00. Following the completion of the sale, the chief operating officer directly owned 237,392 shares in the company, valued at approximately $48,871,891.04. This represents a 4.04% decrease in their position. 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. Insiders have sold 255,060 shares of company stock worth $31,959,772 in the last three months. Company insiders own 0.12% of the company’s stock.

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.