Marvell Technology, Inc. $MRVL Shares Sold by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd decreased its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 55.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,011 shares of the semiconductor company’s stock after selling 97,223 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Marvell Technology were worth $7,628,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC acquired a new stake in Marvell Technology during the fourth quarter worth approximately $25,000. Hilton Head Capital Partners LLC boosted its holdings in shares of Marvell Technology by 978.3% in the 1st quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company’s stock valued at $25,000 after buying 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 $25,000. Cherry Tree Wealth Management LLC purchased a new position in shares of Marvell Technology in the 4th quarter valued at $26,000. Finally, MidFirst Bank acquired a new stake in Marvell Technology during the 4th quarter worth $28,000. 83.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Citigroup boosted their price target on shares of Marvell Technology from $118.00 to $215.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. William Blair reiterated an “outperform” rating on shares of Marvell Technology in a research report on Thursday, May 28th. Needham & Company LLC upped their target price on Marvell Technology from $118.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Compass Point set a $190.00 price target on Marvell Technology in a research note on Tuesday, May 26th. Finally, UBS Group lifted their price target on Marvell Technology from $230.00 to $340.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Marvell Technology currently has an average rating of “Moderate Buy” and a consensus price target of $245.45.

Marvell Technology News Summary

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

• Positive Sentiment: Chip stocks, including Marvell, rallied as investors bought the dip after a broad semiconductor sell-off, suggesting improving sentiment toward the group. The Memory Stock Sell-Off Created a ‘Strong Entry Point,’ Says Morgan Stanley. Investors Are Buying In.
• Positive Sentiment: Wall Street is warming to Marvell after its XConn acquisition, reinforcing the bullish case that the company is gaining traction in AI data center infrastructure. Wall Street Is Warming to Marvell After Its XConn Acquisition. Here’s The Price Target
• Positive Sentiment: Analyst and investor commentary continues to highlight Marvell as a potential winner from rising AI memory and data-center spending, which supports the stock’s rebound narrative. AI Investors Are Becoming Pickier. 2 Stocks Still Stand Out.
• Neutral Sentiment: Quarterly earnings roundup coverage keeps Marvell in focus versus other semiconductor manufacturers, but the headline does not appear to introduce a major new catalyst on its own. Q1 earnings roundup: Marvell Technology (NASDAQ:MRVL) and the rest of the semiconductor manufacturing segment
• Negative Sentiment: The stock has also been described as highly volatile after a sharp recent decline, which reminds investors that sentiment can turn quickly even amid AI optimism. Wall Street Is Warming to Marvell After Its XConn Acquisition. Here’s The Price Target

Insider Buying and Selling

In other news, CEO Matthew J. Murphy sold 7,500 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $177.26, for a total transaction of $1,329,450.00. Following the transaction, the chief executive officer directly owned 739,397 shares in the company, valued at $131,065,512.22. The trade was a 1.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Willem A. Meintjes sold 4,000 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $175.24, for a total transaction of $700,960.00. Following the transaction, the chief financial officer directly owned 226,675 shares of the company’s stock, valued at $39,722,527. This represents a 1.73% decrease in their ownership of the stock. 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. In the last three months, insiders have sold 45,981 shares of company stock worth $9,835,542. 0.12% of the stock is currently owned by insiders.

Marvell Technology Trading Up 3.3%

NASDAQ:MRVL opened at $194.94 on Tuesday. Marvell Technology, Inc. has a 12-month low of $61.44 and a 12-month high of $329.88. The company has a current ratio of 3.28, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27. The stock’s 50 day simple moving average is $241.01 and its 200-day simple moving average is $150.28. The firm has a market cap of $170.53 billion, a P/E ratio of 66.76, a PEG ratio of 1.24 and a beta of 2.20.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings results 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 firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period last year, the company earned $0.62 earnings per share. 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. Equities analysts anticipate that Marvell Technology, Inc. will post 3.07 EPS for the current year.

Marvell Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Friday, July 10th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, July 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. Marvell Technology’s dividend payout ratio 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.