Marvell Technology, Inc. $MRVL Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lessened its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 3.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,300,016 shares of the semiconductor company’s stock after selling 45,422 shares during the period. California State Teachers Retirement System’s holdings in Marvell Technology were worth $128,767,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. State Street Corp increased its position in Marvell Technology by 7.9% in the 4th quarter. State Street Corp now owns 22,834,816 shares of the semiconductor company’s stock valued at $1,940,503,000 after acquiring an additional 1,677,724 shares during the period. Geode Capital Management LLC boosted its position in Marvell Technology by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 12,108,452 shares of the semiconductor company’s stock worth $1,025,185,000 after acquiring an additional 97,624 shares during the period. Norges Bank acquired a new position in Marvell Technology during the 4th quarter worth $895,455,000. Van ECK Associates Corp grew its stake in shares of Marvell Technology by 11.4% in the fourth quarter. Van ECK Associates Corp now owns 9,864,514 shares of the semiconductor company’s stock worth $838,286,000 after purchasing an additional 1,007,315 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Marvell Technology by 9.7% during the fourth quarter. Northern Trust Corp now owns 6,798,272 shares of the semiconductor company’s stock valued at $577,717,000 after purchasing an additional 598,920 shares during the period. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Marvell Technology Trading Down 6.3%

Shares of MRVL stock opened at $163.40 on Thursday. The stock has a 50-day simple moving average of $243.32 and a 200 day simple moving average of $155.51. Marvell Technology, Inc. has a fifty-two week low of $61.44 and a fifty-two week high of $329.88. The stock has a market capitalization of $142.94 billion, a P/E ratio of 55.96, a P/E/G ratio of 1.09 and a beta of 2.20. 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 (NASDAQ:MRVL) last released its 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 earned $0.62 earnings per share. Marvell Technology’s revenue was up 27.6% compared to the same quarter last year. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. On average, sell-side analysts expect that Marvell Technology, Inc. will post 3.07 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Friday, July 10th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. Marvell Technology’s payout ratio is currently 8.22%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. KeyCorp lifted their price objective on shares of Marvell Technology from $385.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. TD Cowen increased their target price on shares of Marvell Technology from $180.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, May 28th. Compass Point set a $190.00 target price on shares of Marvell Technology in a research note on Tuesday, May 26th. Barclays boosted their price target on shares of Marvell Technology from $150.00 to $275.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Finally, Wells Fargo & Company upped their price target on shares of Marvell Technology from $195.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $245.45.

More Marvell Technology News

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

• Positive Sentiment: Marvell announced plans to invest $250 million in India over the next three years, expanding its Bangalore facility and doubling its local workforce. The investment is intended to strengthen technology development, talent and infrastructure for next-generation AI and data-center products, supporting Marvell’s long-term growth prospects. Reuters article
• Positive Sentiment: Erste Group modestly raised its Marvell earnings forecasts to $3.08 per share for fiscal 2027 and $5.12 for fiscal 2028, indicating some analysts see continued earnings growth from AI and data-center demand. The bank nevertheless maintained a “Hold” rating. MarketBeat analyst estimates
• Neutral Sentiment: Marvell is receiving increased attention from investors and remains a widely watched AI-related stock. However, the coverage largely highlights existing valuation, earnings and industry considerations rather than a new company-specific catalyst. Zacks article
• Negative Sentiment: Recent declines reflect a wider pullback in AI and chip stocks, including Marvell, as investors reassess AI valuations, funding models and the pace of infrastructure spending. Reports also point to a sharp selloff in Korean chipmakers spreading to U.S.-listed semiconductor companies. Investopedia article
• Negative Sentiment: Commentary has argued that Marvell is priced for very strong execution, leaving the stock vulnerable to profit-taking or further multiple compression if AI demand expectations weaken. Its high beta and premium earnings multiple increase sensitivity to sector-wide risk-off trading. Seeking Alpha article

Insiders Place Their Bets

In related news, CFO Willem A. Meintjes sold 4,000 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $175.24, for a total transaction of $700,960.00. Following the completion of the sale, the chief financial officer directly owned 226,675 shares of the company’s stock, valued at $39,722,527. This represents a 1.73% decrease in their ownership of the stock. The transaction 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. Also, CFO Daniel Durn sold 2,250 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $281.01, for a total transaction of $632,272.50. Following the sale, the chief financial officer directly owned 6,902 shares of the company’s stock, valued at approximately $1,939,531.02. This represents a 24.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 45,981 shares of company stock worth $9,835,542. Company insiders own 0.12% of the company’s stock.

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.