Marvell Technology, Inc. $MRVL Shares Sold by Savant Capital LLC

Savant Capital LLC lowered its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 78.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,383 shares of the semiconductor company’s stock after selling 34,547 shares during the quarter. Savant Capital LLC’s holdings in Marvell Technology were worth $797,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Laurel Wealth Advisors LLC acquired a new position in shares of Marvell Technology during the fourth quarter valued at about $25,000. Elyxium Wealth LLC purchased a new position in Marvell Technology during the 4th quarter worth approximately $40,000. Strive Asset Management LLC acquired a new stake in Marvell Technology during the 3rd quarter valued at approximately $42,000. Avalon Trust Co boosted its holdings in shares of Marvell Technology by 70.6% in the 3rd quarter. Avalon Trust Co now owns 650 shares of the semiconductor company’s stock valued at $55,000 after acquiring an additional 269 shares during the last quarter. Finally, Westside Investment Management Inc. boosted its holdings in shares of Marvell Technology by 67.3% in the 3rd quarter. Westside Investment Management Inc. now owns 696 shares of the semiconductor company’s stock valued at $58,000 after acquiring an additional 280 shares during the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Insiders Place Their Bets

In other Marvell Technology news, insider Sandeep Bharathi sold 66,892 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $130.35, for a total value of $8,719,372.20. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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, CFO Willem A. Meintjes sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $175.24, for a total value of $700,960.00. Following the completion of the sale, the chief financial officer owned 226,675 shares in the company, valued at approximately $39,722,527. This represents a 1.73% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 255,060 shares of company stock worth $31,959,772. Corporate insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on MRVL shares. Wall Street Zen cut shares of Marvell Technology from a “buy” rating to a “hold” rating in a report on Sunday, March 15th. Erste Group Bank initiated coverage on shares of Marvell Technology in a report on Thursday, April 2nd. They issued a “buy” rating on the stock. Evercore reaffirmed an “outperform” rating and issued a $155.00 price target on shares of Marvell Technology in a report on Tuesday, May 19th. Rosenblatt Securities upped their price target on shares of Marvell Technology from $190.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Finally, UBS Group upped their price target on shares of Marvell Technology from $195.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $215.19.

Marvell Technology Trading Up 32.5%

Marvell Technology stock opened at $290.79 on Wednesday. The company has a current ratio of 3.28, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27. Marvell Technology, Inc. has a 12 month low of $61.15 and a 12 month high of $291.30. The stock’s 50 day simple moving average is $148.77 and its two-hundred day simple moving average is $106.95. The firm has a market cap of $254.38 billion, a PE ratio of 99.59, a P/E/G ratio of 1.58 and a beta of 2.29.

Marvell Technology (NASDAQ:MRVL) last released 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. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the prior year, the firm posted $0.62 EPS. The business’s quarterly 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. Analysts anticipate that Marvell Technology, Inc. will post 3.05 earnings per share for the current year.

Marvell Technology Dividend Announcement

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

Marvell Technology News Roundup

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

• Positive Sentiment: Nvidia CEO Jensen Huang called Marvell “the next trillion-dollar company,” a strong public endorsement that sent shares surging and reinforced optimism around Marvell’s role in AI networking, custom silicon, and data-center connectivity. Reuters article on Marvell surge after Huang comment
• Positive Sentiment: Marvell also introduced its Teralynx T100, a 102.4 Tbps switch designed for AI and cloud data centers, which supports the investment case that the company is directly benefiting from rising AI infrastructure demand. Marvell announces Teralynx T100 switch
• Positive Sentiment: Coverage across multiple outlets highlighted strong analyst and investor enthusiasm for Marvell’s AI growth story, including comparisons showing it as one of the more favored AI chip names alongside Broadcom. TipRanks coverage on AVGO vs MRVL
• Neutral Sentiment: One item noted that Marvell COO Chris Koopmans sold 10,000 shares under a pre-arranged 10b5-1 plan; the sale may look negative, but it appears routine rather than a new bearish signal. Insider trade disclosure for Marvell COO
• Neutral Sentiment: Some commentary warns the stock has already had an enormous run and now trades at a rich valuation, which could limit upside if AI expectations cool. Seeking Alpha valuation caution on Marvell

Marvell Technology Company 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.