Vise Technologies Inc. Boosts Position in Marvell Technology, Inc. $MRVL

Vise Technologies Inc. raised its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 20.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,456 shares of the semiconductor company’s stock after acquiring an additional 2,101 shares during the quarter. Vise Technologies Inc.’s holdings in Marvell Technology were worth $1,059,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Laurel Wealth Advisors LLC bought a new stake in Marvell Technology during the fourth quarter valued at approximately $25,000. Cherry Tree Wealth Management LLC bought a new stake in shares of Marvell Technology during the fourth quarter valued at approximately $26,000. Elyxium Wealth LLC purchased a new stake in Marvell Technology in the 4th quarter worth $40,000. Strive Asset Management LLC bought a new position in Marvell Technology during the third quarter valued at approximately $42,000. Finally, Avalon Trust Co grew its holdings in Marvell Technology by 70.6% during the 3rd quarter. Avalon Trust Co now owns 650 shares of the semiconductor company’s stock valued at $55,000 after buying an additional 269 shares in the last quarter. 83.51% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Willem A. Meintjes sold 4,000 shares of the 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 sale, the chief financial officer directly owned 226,675 shares in the company, valued at approximately $39,722,527. This represents a 1.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandeep Bharathi sold 66,892 shares of the firm’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 directly owned 55,199 shares of the company’s stock, valued at $7,195,189.65. This represents a 54.79% 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. Insiders have sold 255,060 shares of company stock valued at $31,959,772 over the last quarter. Corporate insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MRVL. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $240.00 target price on shares of Marvell Technology in a research report on Thursday, May 28th. Jefferies Financial Group upped their price target on shares of Marvell Technology from $149.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. HSBC set a $300.00 price objective on shares of Marvell Technology and gave the company a “buy” rating in a research report on Tuesday, May 26th. TD Cowen boosted their target price on shares of Marvell Technology from $180.00 to $200.00 and gave the stock a “hold” rating in a 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 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, Marvell Technology has an average rating of “Moderate Buy” and a consensus target price of $218.58.

Marvell Technology News Summary

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

• Positive Sentiment: S&P 500 inclusion should create new passive-fund and ETF demand for Marvell shares. Reuters: Marvell shares jump after chipmaker wins spot in S&P 500
• Positive Sentiment: Analysts and commentators remain upbeat on Marvell’s AI data-center and custom-silicon growth prospects. Yahoo Finance: After Recent Rally Sparked by Jensen Huang’s Comments, Marvell Stock Is a Buy
• Neutral Sentiment: Some coverage says the stock is already highly extended after a massive rally, with valuation now the key debate for investors. 24/7 Wall St.: Up Nearly 200% Year-to-Date
• Negative Sentiment: Marvell is being hit by a broader rotation out of AI/chip names, with traders taking profits after the recent surge. Yahoo Finance: Micron, Marvell lead chip stocks lower in AI trade reversal

Marvell Technology Stock Down 7.6%

NASDAQ MRVL opened at $266.88 on Wednesday. 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. The firm has a market capitalization of $233.47 billion, a price-to-earnings ratio of 91.40, a PEG ratio of 1.89 and a beta of 2.29. The company has a fifty day moving average of $172.10 and a two-hundred day moving average of $115.55.

Marvell Technology (NASDAQ:MRVL) last announced its earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. The business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.41 billion. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The business’s revenue for the quarter was up 27.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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 Announces Dividend

The company also recently disclosed 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 of this dividend was Friday, April 10th. Marvell Technology’s dividend payout ratio is 8.22%.

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.