Marvell Technology, Inc. $MRVL Shares Sold by Citizens Business Bank

Citizens Business Bank trimmed its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 6.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 40,696 shares of the semiconductor company’s stock after selling 2,584 shares during the quarter. Citizens Business Bank’s holdings in Marvell Technology were worth $4,031,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Hilton Head Capital Partners LLC grew its stake in Marvell Technology by 978.3% during the 1st quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 225 shares in the last quarter. Jessup Wealth Management Inc acquired a new position in shares of Marvell Technology in the 4th quarter valued at approximately $25,000. Laurel Wealth Advisors LLC acquired a new position in shares of Marvell Technology in the 4th quarter valued at approximately $25,000. Cherry Tree Wealth Management LLC purchased a new position in shares of Marvell Technology during the 4th quarter valued at approximately $26,000. Finally, Pittenger & Anderson Inc. grew its position in shares of Marvell Technology by 61.5% during the first quarter. Pittenger & Anderson Inc. now owns 315 shares of the semiconductor company’s stock worth $31,000 after buying an additional 120 shares in the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, insider Sandeep Bharathi sold 2,231 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $299.13, for a total value of $667,359.03. Following the sale, the insider directly owned 55,530 shares in the company, valued at approximately $16,610,688.90. This trade represents a 3.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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, CFO Daniel Durn sold 2,250 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $281.01, for a total transaction of $632,272.50. Following the transaction, the chief financial officer owned 6,902 shares of the company’s stock, valued at $1,939,531.02. This represents a 24.58% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 160,373 shares of company stock worth $24,938,664. Corporate insiders own 0.12% of the company’s stock.

Marvell Technology Stock Performance

Marvell Technology stock opened at $235.81 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.28 and a quick ratio of 2.66. Marvell Technology, Inc. has a 12 month low of $61.44 and a 12 month high of $329.88. The company has a fifty day moving average price of $236.79 and a two-hundred day moving average price of $145.36. The company has a market cap of $206.29 billion, a PE ratio of 80.76, a P/E/G ratio of 1.54 and a beta of 2.20.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly 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 the consensus estimate of $2.41 billion. During the same period last year, the firm posted $0.62 EPS. The company’s revenue for the quarter was up 27.6% on a year-over-year basis. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. Research analysts expect that Marvell Technology, Inc. will post 3.07 earnings per share for the current year.

Marvell Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Friday, July 10th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. Marvell Technology’s dividend payout ratio is 8.22%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MRVL. Compass Point set a $190.00 price target on shares of Marvell Technology in a research note on Tuesday, May 26th. Zacks Research raised shares of Marvell Technology from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Oppenheimer boosted their target price on shares of Marvell Technology from $200.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Stifel Nicolaus upped their target price on shares of Marvell Technology from $321.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Finally, William Blair reaffirmed an “outperform” rating on shares of Marvell Technology in a research report on Thursday, May 28th. Three 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. Based on data from MarketBeat, Marvell Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.97.

Marvell Technology News Roundup

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

• Positive Sentiment: Marvell highlighted progress in its AI infrastructure business, with reports that its five AI growth engines support plans for about 40% revenue growth in fiscal 2027 and 45% in fiscal 2028. Article Title
• Positive Sentiment: Marvell also got a boost from analyst sentiment, with RBC Capital reaffirming a $360 price target as the AI-chip rebound lifted semiconductors broadly. Article Title
• Positive Sentiment: News that Marvell’s Tower PIC shipments for AI data-center optics reached 5 million units supports the view that demand for its optical and connectivity products remains strong. Article Title
• Neutral Sentiment: Shares were helped at times by a broader semiconductor rebound and improved market tone, including strength in the Nasdaq and AI-related stocks. Article Title
• Negative Sentiment: MRVL also slipped alongside other chip names ahead of SK Hynix’s U.S. trading debut, reflecting rotation and caution in the memory/AI chip space. Article Title
• Negative Sentiment: After a big advance over the past year, some investors and commentators are questioning whether Marvell’s valuation already reflects much of the AI optimism, which can weigh on the shares near term. Article Title

About Marvell Technology

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.