Marvell Technology, Inc. $MRVL Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp raised its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 11.4% in the 4th quarter, Holdings Channel reports. The firm owned 9,864,514 shares of the semiconductor company’s stock after purchasing an additional 1,007,315 shares during the quarter. Van ECK Associates Corp’s holdings in Marvell Technology were worth $838,286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Marvell Technology by 23.5% during the third quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock valued at $6,692,830,000 after purchasing an additional 15,166,976 shares during the last quarter. State Street Corp increased its stake in Marvell Technology by 2.8% during the third quarter. State Street Corp now owns 21,157,092 shares of the semiconductor company’s stock valued at $1,778,677,000 after purchasing an additional 583,832 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Marvell Technology by 59.7% during the third quarter. Ameriprise Financial Inc. now owns 16,624,827 shares of the semiconductor company’s stock valued at $1,397,751,000 after purchasing an additional 6,217,952 shares during the last quarter. Geode Capital Management LLC increased its stake in Marvell Technology by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 12,108,452 shares of the semiconductor company’s stock valued at $1,025,185,000 after purchasing an additional 97,624 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in Marvell Technology by 47.0% during the third quarter. Franklin Resources Inc. now owns 11,903,051 shares of the semiconductor company’s stock valued at $1,000,689,000 after purchasing an additional 3,805,431 shares during the last quarter. Institutional investors own 83.51% of the company’s stock.

Insider Transactions at Marvell Technology

In other Marvell Technology news, CFO Willem A. Meintjes sold 30,000 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $134.01, for a total value of $4,020,300.00. Following the completion of the sale, the chief financial officer directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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, CEO Matthew J. Murphy sold 30,000 shares of the company’s stock in a transaction dated Thursday, March 26th. The shares were sold at an average price of $98.70, for a total transaction of $2,961,000.00. Following the completion of the sale, the chief executive officer directly owned 310,106 shares of the company’s stock, valued at $30,607,462.20. The trade was a 8.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 255,060 shares of company stock worth $31,959,772 over the last ninety days. Insiders own 0.12% of the company’s stock.

Marvell Technology Stock Performance

Shares of MRVL opened at $279.70 on Friday. The firm has a 50-day moving average price of $182.49 and a 200 day moving average price of $119.35. The firm has a market capitalization of $244.68 billion, a PE ratio of 95.79, a P/E/G ratio of 1.83 and a beta of 2.29. The company has a quick ratio of 2.66, a current ratio of 3.28 and a debt-to-equity ratio of 0.27. Marvell Technology, Inc. has a 52-week low of $61.44 and a 52-week high of $324.20.

Marvell Technology (NASDAQ:MRVL) last announced its earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.80. The firm 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 revenue was up 27.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.62 EPS. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. On average, sell-side analysts anticipate that Marvell Technology, Inc. will post 3.08 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have weighed in on MRVL. Citigroup boosted their target price on shares of Marvell Technology from $118.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Jefferies Financial Group upped their price target on shares of Marvell Technology from $149.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Melius Research set a $220.00 price target on shares of Marvell Technology in a research report on Monday, May 18th. KeyCorp upped their price target on shares of Marvell Technology from $130.00 to $260.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Finally, Erste Group Bank initiated coverage on shares of Marvell Technology in a research report on Thursday, April 2nd. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Marvell Technology presently has a consensus rating of “Moderate Buy” and an average target price of $224.68.

Key Marvell Technology News

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

• Positive Sentiment: Marvell is set to join the S&P 500 on June 22, a move that can drive automatic buying from index funds and reinforce investor confidence in the company’s scale and profitability.
• Positive Sentiment: B. Riley raised its price target on Marvell to $345 and maintained a buy rating, signaling continued upside expectations for the AI-driven semiconductor business.
• Positive Sentiment: Erste Group lifted its FY2027 and FY2028 earnings estimates, reflecting higher expectations for Marvell’s long-term AI infrastructure growth.
• Positive Sentiment: Marvell’s appointment of Dan Durn as CFO, along with the company’s reaffirmed outlook, suggests management sees a stable transition while it continues pushing its AI growth strategy. Article: Marvell Taps Adobe CFO as AI Growth Push Continues
• Neutral Sentiment: Coverage across financial media continues to highlight Marvell as a major AI infrastructure name, which keeps the stock in focus but does not by itself change fundamentals.
• Neutral Sentiment: Some commentary notes that the stock has run up sharply and is trading at a premium valuation, which could lead to more volatility if expectations get too high.
• Negative Sentiment: Rosenblatt reaffirmed a buy rating but kept a $240 price target, which is below the current trading level and suggests some analysts see limited near-term upside from here.

Marvell Technology Profile

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.