Marvell Technology, Inc. $MRVL Shares Sold by Yarger Wealth Strategies LLC

Yarger Wealth Strategies LLC lessened its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 26.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 7,573 shares of the semiconductor company’s stock after selling 2,685 shares during the period. Yarger Wealth Strategies LLC’s holdings in Marvell Technology were worth $2,256,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Marvell Technology by 34.1% in the second quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company’s stock worth $25,511,649,000 after buying an additional 21,798,190 shares during the last quarter. State Street Corp raised its stake in shares of Marvell Technology by 7.9% in the fourth quarter. State Street Corp now owns 22,834,816 shares of the semiconductor company’s stock worth $1,940,503,000 after purchasing an additional 1,677,724 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of 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 worth $1,025,185,000 after purchasing an additional 97,624 shares during the period. Norges Bank purchased a new stake in Marvell Technology in the fourth quarter valued at approximately $895,455,000. Finally, Van ECK Associates Corp raised its position in Marvell Technology by 11.4% during the 4th quarter. Van ECK Associates Corp now owns 9,864,514 shares of the semiconductor company’s stock worth $838,286,000 after buying an additional 1,007,315 shares during the last quarter. 83.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MRVL has been the topic of a number of research reports. Compass Point set a $190.00 price objective on shares of Marvell Technology in a research note on Tuesday, May 26th. Needham & Company LLC lifted their price objective on Marvell Technology from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, August 28th. Roth Capital reaffirmed a “buy” rating and set a $350.00 target price on shares of Marvell Technology in a report on Thursday, August 20th. Loop Capital raised Marvell Technology to a “strong-buy” rating in a report on Tuesday, June 16th. Finally, Weiss Ratings raised shares of Marvell Technology from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 31st. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Marvell Technology presently has an average rating of “Moderate Buy” and an average price target of $265.76.

Marvell Technology News Summary

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

• Positive Sentiment: Marvell’s planned acquisition of Celestial AI is providing the biggest near-term catalyst. The deal would add photonics technology designed to improve optical connectivity in AI data centers, potentially expanding Marvell’s opportunity as hyperscalers require more bandwidth. Why Marvell Stock Rallied Today
• Positive Sentiment: Investors are buying beaten-down AI silicon names as the market continues to anticipate strong hyperscaler spending. Marvell’s exposure to custom chips, networking and optical interconnects makes it a potential beneficiary of continued AI data-center investment. Marvell Rises as AI Silicon Rebounds
• Positive Sentiment: A recent earnings beat and raised multiyear outlook continue to support the bullish case. Quarterly revenue rose 36.5% year over year to $2.74 billion, while adjusted EPS of $0.94 exceeded estimates; data-center demand and an expanded hyperscaler relationship were key drivers.
• Positive Sentiment: An RBC analyst reportedly favors Marvell over Broadcom as an AI-stock dip-buying opportunity, reinforcing optimism that Marvell’s custom-silicon and connectivity businesses can benefit from the next phase of AI infrastructure expansion. RBC Analyst Compares Marvell and Broadcom

Insider Transactions at Marvell Technology

In other Marvell Technology news, CFO Daniel Durn sold 2,250 shares of Marvell Technology stock in a transaction 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 owned 6,902 shares of the company’s stock, valued at $1,939,531.02. The trade was a 24.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sandeep Bharathi sold 2,231 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $299.13, for a total transaction of $667,359.03. Following the completion of the sale, the insider owned 55,530 shares of the company’s stock, valued at $16,610,688.90. This trade represents a 3.86% decrease in their ownership of the stock. 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. In the last ninety days, insiders have sold 41,981 shares of company stock worth $9,727,132. 0.12% of the stock is owned by insiders.

Marvell Technology Trading Up 7.0%

Shares of MRVL stock opened at $223.55 on Friday. The stock has a 50 day simple moving average of $220.24 and a 200-day simple moving average of $181.17. Marvell Technology, Inc. has a 1-year low of $62.47 and a 1-year high of $329.88. The company has a market cap of $196.03 billion, a price-to-earnings ratio of 73.78, a PEG ratio of 2.17 and a beta of 2.25. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.17 and a quick ratio of 2.62.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.01. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same period last year, the firm posted $0.67 earnings per share. The company’s revenue was up 36.5% compared to the same quarter last year. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. On average, equities research analysts expect that Marvell Technology, Inc. will post 3.03 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Friday, July 10th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. Marvell Technology’s dividend payout ratio is presently 7.92%.

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.