Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna Buys 1,998 Shares of Marvell Technology, Inc. $MRVL

Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna grew its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 13.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,679 shares of the semiconductor company’s stock after buying an additional 1,998 shares during the period. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna’s holdings in Marvell Technology were worth $1,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. SouthState Bank Corp raised its position in shares of Marvell Technology by 17.6% during the fourth quarter. SouthState Bank Corp now owns 863 shares of the semiconductor company’s stock valued at $73,000 after buying an additional 129 shares during the last quarter. Syon Capital LLC bought a new stake in shares of Marvell Technology during the fourth quarter valued at approximately $229,000. ING Groep NV raised its position in shares of Marvell Technology by 337.0% during the fourth quarter. ING Groep NV now owns 658,507 shares of the semiconductor company’s stock valued at $55,960,000 after buying an additional 507,819 shares during the last quarter. Capital Research Global Investors raised its position in shares of Marvell Technology by 177.9% during the fourth quarter. Capital Research Global Investors now owns 4,551,249 shares of the semiconductor company’s stock valued at $386,765,000 after buying an additional 2,913,368 shares during the last quarter. Finally, XML Financial LLC raised its position in shares of Marvell Technology by 38.0% during the fourth quarter. XML Financial LLC now owns 3,435 shares of the semiconductor company’s stock valued at $292,000 after buying an additional 945 shares during the last quarter. Institutional investors own 83.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective 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. Evercore restated an “outperform” rating and issued a $155.00 price target on shares of Marvell Technology in a research report on Tuesday, May 19th. Zacks Research upgraded shares of Marvell Technology from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Needham & Company LLC boosted their price target on shares of Marvell Technology from $118.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Marvell Technology in a research report on Friday, March 27th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $218.58.

Insider Activity

In other news, EVP Mark Casper sold 10,000 shares of the business’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $135.50, for a total transaction of $1,355,000.00. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Chris Koopmans sold 10,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $205.87, for a total transaction of $2,058,700.00. Following the sale, the chief operating officer directly owned 237,392 shares of the company’s stock, valued at $48,871,891.04. This represents a 4.04% 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 sold 255,060 shares of company stock valued at $31,959,772. Insiders own 0.12% of the company’s stock.

Marvell Technology Stock Down 16.7%

NASDAQ MRVL opened at $263.47 on Friday. The company has a quick ratio of 2.66, a current ratio of 3.28 and a debt-to-equity ratio of 0.27. The company has a fifty day moving average of $164.84 and a two-hundred day moving average of $112.56. The firm has a market capitalization of $230.48 billion, a price-to-earnings ratio of 90.23, a PEG ratio of 1.75 and a beta of 2.29. Marvell Technology, Inc. has a 52 week low of $61.44 and a 52 week high of $324.20.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80. The company had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.41 billion. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. Marvell Technology’s quarterly revenue was up 27.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.62 earnings per share. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. On average, analysts predict that Marvell Technology, Inc. will post 3.08 earnings per share for the current year.

Marvell Technology Dividend Announcement

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

Key Marvell Technology News

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

• Positive Sentiment: Raymond James raised its price target on Marvell to $235 from $105 and reiterated a Strong Buy rating, reflecting continued analyst confidence. Raymond James Raises its Price Target on Marvell (MRVL) to $235 from $105
• Neutral Sentiment: Marvell received unusual call-option activity, which may signal trader interest, but it does not by itself change the fundamental outlook.
• Neutral Sentiment: There was ongoing speculation that Marvell could be added to the S&P 500 in an upcoming index rebalancing, which could provide a passive-fund boost if it happens.
• Negative Sentiment: Broader chip stocks sold off after Broadcom’s outlook disappointed Wall Street, dragging MRVL down with the sector. Micron, Marvell, and Broadcom lead chipmakers’ premarket losses
• Negative Sentiment: Several reports warned that Marvell was overbought after its rapid run-up, making it vulnerable to profit-taking and a momentum unwind. Why Is Marvell Technology Stock Falling On Friday?

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.