Crossmark Global Holdings Inc. Boosts Holdings in Marvell Technology, Inc. $MRVL

Crossmark Global Holdings Inc. boosted its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 300.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 32,890 shares of the semiconductor company’s stock after purchasing an additional 24,675 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Marvell Technology were worth $9,798,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Laurel Wealth Advisors LLC acquired a new stake in Marvell Technology during the fourth quarter worth about $25,000. Hilton Head Capital Partners LLC grew its stake in shares of Marvell Technology by 978.3% during the 1st quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 225 shares during the period. Jessup Wealth Management Inc purchased a new position in shares of Marvell Technology during 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, MidFirst Bank acquired a new position in shares of Marvell Technology in the 4th quarter valued at $28,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

More Marvell Technology News

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

• Positive Sentiment: AI data-center demand supports the long-term outlook. Analysts and investors continue to highlight Marvell’s custom chips, optical networking, memory interconnects and high-speed data-movement products as key beneficiaries of expanding AI clusters. Management has also raised its long-term data-center growth outlook. Down 37% From Its Highs, Is Marvell Technology Stock a Buy on the Dip?
• Positive Sentiment: Wall Street price targets imply additional upside. Goldman Sachs has expressed a preference between Marvell and Nvidia ahead of earnings, while another report said Goldman analyst James Schneider raised Marvell’s 12-month price target. The broader analyst range remains bullish, with a reported median target of $250 and several targets between $300 and $385. Wall Street sets Marvell stock price for the next 12 months
• Positive Sentiment: Nvidia’s $2 billion investment remains a strategic vote of confidence. The investment strengthens Marvell’s profile as an AI-chip and infrastructure partner and is supporting comparisons between the two companies ahead of their earnings reports. NVIDIA Invested $2 Billion in Marvell
• Neutral Sentiment: Upcoming earnings are the immediate catalyst. Marvell’s latest quarter delivered $2.42 billion in revenue, up 27.6% year over year, and adjusted EPS in line with expectations. Investors will look for evidence that AI-related growth can justify the stock’s elevated valuation.
• Negative Sentiment: Insider selling may temper sentiment. QuiverQuant reported 21 insider sales and no purchases during the past six months, including sales by senior executives and the CEO. This does not necessarily signal weakening fundamentals, but it can raise caution after a major share-price advance. Marvell Technology Stock Opinions on AI Infrastructure Expansion

Marvell Technology Price Performance

Shares of Marvell Technology stock opened at $222.02 on Friday. The stock has a market capitalization of $194.22 billion, a P/E ratio of 76.03, a PEG ratio of 1.39 and a beta of 2.24. The business has a 50 day simple moving average of $237.59 and a two-hundred day simple moving average of $165.67. Marvell Technology, Inc. has a 12 month low of $61.44 and a 12 month high of $329.88. 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 (NASDAQ:MRVL) last issued 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 return on equity of 13.83% and a net margin of 28.99%.The firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same period in the previous year, the company posted $0.62 earnings per share. 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. As a group, analysts predict that Marvell Technology, Inc. will post 3.07 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

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

Insider Activity

In other news, insider Sandeep Bharathi sold 2,231 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $299.13, for a total value of $667,359.03. Following the transaction, the insider directly owned 55,530 shares of the company’s stock, 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 is available at 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 business’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 in the company, valued at $1,939,531.02. The trade was a 24.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 34,481 shares of company stock worth $7,982,532 over the last three months. Insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on MRVL. JPMorgan Chase & Co. raised their price target on shares of Marvell Technology from $135.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. William Blair reissued an “outperform” rating on shares of Marvell Technology in a research note on Thursday, May 28th. Evercore restated an “outperform” rating and set a $155.00 target price on shares of Marvell Technology in a research report on Tuesday, May 19th. Benchmark lifted their price target on Marvell Technology from $130.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Finally, Roth Capital upped their price target on Marvell Technology from $135.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $245.94.

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.