Handelsbanken Fonder AB Sells 146,937 Shares of Marvell Technology, Inc. $MRVL

Handelsbanken Fonder AB trimmed its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 25.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 421,088 shares of the semiconductor company’s stock after selling 146,937 shares during the period. Handelsbanken Fonder AB’s holdings in Marvell Technology were worth $125,438,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Arlington Trust Co LLC increased its holdings in shares of Marvell Technology by 24.1% in the second quarter. Arlington Trust Co LLC now owns 268 shares of the semiconductor company’s stock worth $80,000 after buying an additional 52 shares during the period. GoalVest Advisory LLC boosted its holdings in Marvell Technology by 26.0% during the 2nd quarter. GoalVest Advisory LLC now owns 315 shares of the semiconductor company’s stock valued at $94,000 after acquiring an additional 65 shares during the period. Mayflower Financial Advisors LLC boosted its holdings in Marvell Technology by 1.7% during the 1st quarter. Mayflower Financial Advisors LLC now owns 4,109 shares of the semiconductor company’s stock valued at $407,000 after acquiring an additional 68 shares during the period. Bell Investment Advisors Inc grew its position in Marvell Technology by 12.9% during the 1st quarter. Bell Investment Advisors Inc now owns 628 shares of the semiconductor company’s stock worth $62,000 after acquiring an additional 72 shares during the last quarter. Finally, World Equity Group Inc. grew its position in Marvell Technology by 2.1% during the 1st quarter. World Equity Group Inc. now owns 3,919 shares of the semiconductor company’s stock worth $388,000 after acquiring an additional 80 shares during the last quarter. 83.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Barclays increased their price objective on Marvell Technology from $150.00 to $275.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. TD Cowen upped their price target on shares of Marvell Technology from $180.00 to $200.00 and gave the company a “hold” rating in a report on Thursday, May 28th. HSBC set a $300.00 price target on shares of Marvell Technology and gave the company a “buy” rating in a research report on Tuesday, May 26th. Compass Point set a $190.00 price target on shares of Marvell Technology in a report on Tuesday, May 26th. Finally, The Goldman Sachs Group set a $180.00 price objective 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-seven have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Marvell Technology has an average rating of “Moderate Buy” and an average target price of $245.45.

Marvell Technology Price Performance

MRVL stock opened at $208.56 on Tuesday. 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 1 year low of $61.44 and a 1 year high of $329.88. The firm has a 50-day moving average of $243.57 and a 200 day moving average of $162.42. The company has a market cap of $182.45 billion, a P/E ratio of 71.42, a PEG ratio of 1.37 and a beta of 2.24.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The business had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the previous year, the firm posted $0.62 EPS. The business’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. On average, sell-side analysts forecast that Marvell Technology, Inc. will post 3.07 EPS for the current year.

Marvell Technology Dividend Announcement

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

Insider Buying and Selling

In other Marvell Technology news, CEO Matthew J. Murphy sold 7,500 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $177.26, for a total transaction of $1,329,450.00. Following the completion of the transaction, the chief executive officer owned 739,397 shares of the company’s stock, valued at approximately $131,065,512.22. This trade represents a 1.00% decrease in their ownership of the stock. The sale 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. Also, insider Sandeep Bharathi sold 2,231 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $299.13, for a total transaction of $667,359.03. Following the sale, the insider owned 55,530 shares in the company, valued at approximately $16,610,688.90. This trade represents a 3.86% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. Insiders sold 45,981 shares of company stock valued at $10,012,942 over the last 90 days. 0.12% of the stock is currently owned by company insiders.

Key Stories Impacting Marvell Technology

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

• Positive Sentiment: Marvell is benefiting from a real data-center ramp, with demand for AI-related connectivity and custom silicon supporting the long-term growth outlook. The company’s latest quarterly revenue increased 27.6% year over year, and analysts remain focused on continued AI infrastructure spending. Marvell Technology Stock’s Multiple Leans On Profit From Below The Operating Line
• Positive Sentiment: Marvell initially rose in premarket trading as Wall Street assessed AI data-center demand ahead of the company’s upcoming earnings report, scheduled for Aug. 27. What’s Going On With Marvell Technology Stock Monday?
• Neutral Sentiment: A bullish investment thesis argues that Marvell’s AI interconnect opportunity could expand significantly, but the thesis also highlights that its elevated trailing and forward P/E ratios leave less room for execution problems or slower growth compared with Broadcom and Nvidia. Marvell vs. Broadcom and Nvidia
• Neutral Sentiment: Broader technology sentiment was influenced by scrutiny of Nvidia’s expanding AI investments and upcoming inflation data, which could affect interest-rate expectations and high-growth technology valuations. Nvidia Stock Slips as Its AI Investments Draw Fresh Scrutiny
• Negative Sentiment: Investors questioned whether Marvell’s high valuation is supported by operating performance, because a substantial portion of reported profit comes from below the operating line. That concern makes the stock particularly sensitive to any doubts about earnings quality or the pace of AI growth. Profit From Below the Operating Line
• Negative Sentiment: The latest market reaction reflected profit-taking and a broader reassessment of richly valued semiconductor stocks, with Marvell falling more than the broader market despite meeting recent earnings expectations. Why Marvell Technology Fell More Than the Broader Market

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.