27,116 Shares in Marvell Technology, Inc. $MRVL Bought by Burney Co.

Burney Co. bought a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the 1st quarter, Holdings Channel reports. The institutional investor bought 27,116 shares of the semiconductor company’s stock, valued at approximately $2,686,000.

Several other institutional investors have also added to or reduced their stakes in the business. Mayflower Financial Advisors LLC grew its stake in shares of Marvell Technology by 1.7% during the first quarter. Mayflower Financial Advisors LLC now owns 4,109 shares of the semiconductor company’s stock worth $407,000 after acquiring an additional 68 shares during the last quarter. Bell Investment Advisors Inc raised its position in shares of Marvell Technology by 12.9% in the 1st quarter. Bell Investment Advisors Inc now owns 628 shares of the semiconductor company’s stock valued at $62,000 after purchasing an additional 72 shares during the last quarter. Schear Investment Advisers LLC raised its position in shares of Marvell Technology by 1.4% in the 1st quarter. Schear Investment Advisers LLC now owns 7,551 shares of the semiconductor company’s stock valued at $748,000 after purchasing an additional 106 shares during the last quarter. Thoma Capital Management LLC boosted its stake in Marvell Technology by 1.3% in the 1st quarter. Thoma Capital Management LLC now owns 8,711 shares of the semiconductor company’s stock worth $863,000 after purchasing an additional 114 shares in the last quarter. Finally, Keel Point LLC grew its position in Marvell Technology by 2.2% during the 4th quarter. Keel Point LLC now owns 5,649 shares of the semiconductor company’s stock worth $480,000 after purchasing an additional 124 shares during the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Melius Research set a $220.00 price target on shares of Marvell Technology in a research note on Monday, May 18th. B. Riley Financial boosted their price objective on shares of Marvell Technology from $240.00 to $345.00 and gave the company a “buy” rating in a report on Friday, June 12th. Bank of America upped their target price on Marvell Technology from $240.00 to $365.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Barclays raised their target price on Marvell Technology from $150.00 to $275.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Finally, Oppenheimer lifted their price target on Marvell Technology from $200.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Three equities research 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 company. According to MarketBeat.com, Marvell Technology presently has a consensus rating of “Moderate Buy” and an average target price of $244.97.

Marvell Technology News Summary

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

• Positive Sentiment: RBC Capital reaffirmed its Outperform rating on Marvell and set a $360 price target, signaling continued Wall Street confidence in the company’s AI and data-center growth story. RBC Reaffirms Outperform Rating for Marvell Technology (MRVL)
• Positive Sentiment: Analysts continue to view Marvell as a major AI infrastructure beneficiary, with recent commentary highlighting its role in custom AI silicon and its deeper NVIDIA-related positioning. Marvell Technology (MRVL) Deepens NVIDIA Tie Up With NVLink Role In AI Infrastructure
• Neutral Sentiment: Marvell’s stock also remains in focus after being removed from some Russell value indexes, a change that can affect index-linked trading flows and add short-term volatility. Is Marvell Technology (MRVL) Fully Valued Following Its Russell Value Index Removal?
• Negative Sentiment: MRVL is being pressured by a broader semiconductor and AI-chip sell-off, with investors questioning whether the sector’s rapid rally has outrun fundamentals and valuations. US Equity Markets Lower as Semiconductor Stocks Fall, Crude Oil Prices Rise
• Negative Sentiment: Market commentary also points to insider-sale disclosures in recent SEC filings, which may be adding to investor caution even if they do not change the company’s long-term outlook. Marvell Technology SEC Filings

Marvell Technology Price Performance

NASDAQ:MRVL opened at $230.70 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.28 and a quick ratio of 2.66. The company has a 50 day moving average price of $231.93 and a 200-day moving average price of $142.14. Marvell Technology, Inc. has a 1-year low of $61.44 and a 1-year high of $329.88. The firm has a market cap of $201.82 billion, a price-to-earnings ratio of 79.01, a price-to-earnings-growth ratio of 1.63 and a beta of 2.20.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, meeting the consensus estimate 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 quarter last year, the business earned $0.62 earnings per share. The firm’s 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. Equities research analysts forecast that Marvell Technology, Inc. will post 3.07 EPS for the current year.

Marvell Technology Dividend Announcement

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

Insider Buying and Selling

In other Marvell Technology news, 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 transaction, the insider owned 55,199 shares in the company, valued at approximately $7,195,189.65. This represents a 54.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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. Also, EVP Mark Casper sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $135.50, for a total value of $1,355,000.00. Following the completion of the sale, the executive vice president directly owned 35,878 shares in the company, valued at approximately $4,861,469. The trade was a 21.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 160,373 shares of company stock worth $24,938,664 in the last ninety days. 0.12% of the stock is owned by corporate insiders.

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.