S Bank Fund Management Ltd Buys 20,375 Shares of Marvell Technology, Inc. $MRVL

S Bank Fund Management Ltd grew its position in Marvell Technology, Inc. (NASDAQ:MRVLFree Report) by 18.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 132,156 shares of the semiconductor company’s stock after purchasing an additional 20,375 shares during the quarter. Marvell Technology makes up approximately 1.5% of S Bank Fund Management Ltd’s portfolio, making the stock its 17th largest holding. S Bank Fund Management Ltd’s holdings in Marvell Technology were worth $11,231,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Marvell Technology by 6.9% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 915,794 shares of the semiconductor company’s stock worth $81,863,000 after buying an additional 58,824 shares during the period. Wilson Asset Management International PTY Ltd. grew its stake in Marvell Technology by 20.4% in the 4th quarter. Wilson Asset Management International PTY Ltd. now owns 134,642 shares of the semiconductor company’s stock valued at $11,442,000 after buying an additional 22,837 shares during the last quarter. Morse Asset Management Inc bought a new position in Marvell Technology in the 4th quarter worth $229,000. Alta Wealth Advisors LLC raised its holdings in Marvell Technology by 13.3% in the 4th quarter. Alta Wealth Advisors LLC now owns 7,158 shares of the semiconductor company’s stock worth $608,000 after acquiring an additional 839 shares during the period. Finally, Nordwand Advisors LLC lifted its position in Marvell Technology by 1.0% during the 4th quarter. Nordwand Advisors LLC now owns 81,240 shares of the semiconductor company’s stock worth $6,904,000 after acquiring an additional 795 shares during the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on MRVL shares. Cantor Fitzgerald upped their price target on shares of Marvell Technology from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft set a $120.00 price objective on Marvell Technology in a research note on Tuesday, February 10th. Royal Bank Of Canada restated an “outperform” rating and set a $170.00 target price on shares of Marvell Technology in a research note on Tuesday, April 21st. Bank of America raised Marvell Technology from a “neutral” rating to a “buy” rating and raised their target price for the company from $90.00 to $110.00 in a report on Friday, March 6th. Finally, Citigroup lifted their price target on Marvell Technology from $113.00 to $118.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. 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 company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $125.00.

View Our Latest Stock Report on Marvell Technology

Marvell Technology News Roundup

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

Insider Activity at Marvell Technology

In other Marvell Technology news, EVP Mark Casper sold 10,000 shares of Marvell Technology stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $135.50, for a total transaction of $1,355,000.00. Following the sale, the executive vice president directly owned 35,878 shares of the company’s stock, valued at approximately $4,861,469. The trade was a 21.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sandeep Bharathi sold 66,892 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $130.35, for a total value of $8,719,372.20. Following the completion of the sale, the insider owned 55,199 shares in the company, valued at approximately $7,195,189.65. This represents a 54.79% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 233,560 shares of company stock valued at $27,870,662. Corporate insiders own 0.33% of the company’s stock.

Marvell Technology Stock Up 3.2%

MRVL opened at $168.82 on Wednesday. The company has a market capitalization 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 company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.58. The firm’s fifty day moving average price is $110.46 and its two-hundred day moving average price is $93.96. Marvell Technology, Inc. has a fifty-two week low of $53.78 and a fifty-two week high of $172.98.

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

Marvell Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders 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 (DPR) is currently 7.79%.

Marvell Technology Profile

(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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