Marvell Technology, Inc. $MRVL Shares Sold by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. lessened its position in shares of Marvell Technology, Inc. (NASDAQ:MRVLFree Report) by 11.3% in the 4th quarter, HoldingsChannel reports. The fund owned 46,836 shares of the semiconductor company’s stock after selling 5,988 shares during the period. SBI Securities Co. Ltd.’s holdings in Marvell Technology were worth $3,980,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC acquired a new position in Marvell Technology during the 4th quarter worth approximately $25,000. Atlantic Edge Private Wealth Management LLC lifted its position in shares of Marvell Technology by 160.0% during the 3rd quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company’s stock worth $27,000 after buying an additional 200 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Marvell Technology by 98.0% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 493 shares of the semiconductor company’s stock worth $43,000 after buying an additional 244 shares during the last quarter. Strive Asset Management LLC purchased a new stake in shares of Marvell Technology during the 3rd quarter worth approximately $42,000. Finally, Meeder Asset Management Inc. lifted its position in shares of Marvell Technology by 30.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 557 shares of the semiconductor company’s stock worth $47,000 after buying an additional 130 shares during the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Marvell Technology Stock Up 3.2%

Shares of NASDAQ:MRVL opened at $168.82 on Wednesday. The stock has a market cap of $147.62 billion, a P/E ratio of 54.81, a P/E/G ratio of 1.48 and a beta of 2.25. The firm has a fifty day moving average price of $110.46 and a 200 day moving average price of $93.96. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.58. Marvell Technology, Inc. has a 1-year low of $53.78 and a 1-year high of $172.98.

Marvell Technology (NASDAQ:MRVLGet Free Report) last issued its quarterly earnings results on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Marvell Technology had a net margin of 32.58% and a return on equity of 14.22%. Marvell Technology’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.60 EPS. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. Sell-side analysts predict that Marvell Technology, Inc. will post 3.04 EPS for the current year.

Marvell Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Friday, April 10th were paid a dividend of $0.06 per share. The ex-dividend date was Friday, April 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. Marvell Technology’s dividend payout ratio is currently 7.79%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Erste Group Bank assumed coverage on shares of Marvell Technology in a research report on Thursday, April 2nd. They set a “buy” rating for the company. Bank of America upgraded shares of Marvell Technology from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $90.00 to $110.00 in a research report on Friday, March 6th. Weiss Ratings restated a “hold (c)” rating on shares of Marvell Technology in a research report on Friday, March 27th. Evercore restated an “outperform” rating and set a $133.00 price objective on shares of Marvell Technology in a research report on Wednesday, March 4th. Finally, Stifel Nicolaus boosted their price objective on shares of Marvell Technology from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.00.

Read Our Latest Analysis on Marvell Technology

More Marvell Technology News

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Insider Activity

In related news, insider Sandeep Bharathi sold 66,892 shares of the stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $130.35, for a total transaction of $8,719,372.20. Following the completion of the sale, the insider owned 55,199 shares in the company, valued at $7,195,189.65. This represents a 54.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 Willem A. Meintjes sold 30,000 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $134.01, for a total transaction of $4,020,300.00. Following the sale, the chief financial officer owned 154,111 shares of the company’s stock, valued at approximately $20,652,415.11. This represents a 16.29% 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 have sold 233,560 shares of company stock worth $27,870,662 over the last 90 days. 0.33% of the stock is owned by corporate insiders.

About Marvell Technology

(Free Report)

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.

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Institutional Ownership by Quarter for Marvell Technology (NASDAQ:MRVL)

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