Marvell Technology, Inc. $MRVL Shares Acquired by Saudi Central Bank

Saudi Central Bank grew its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 90.7% in the second quarter, Holdings Channel.com reports. The firm owned 59,682 shares of the semiconductor company’s stock after acquiring an additional 28,378 shares during the quarter. Saudi Central Bank’s holdings in Marvell Technology were worth $17,779,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in Marvell Technology by 34.1% in the 2nd quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company’s stock valued at $25,511,649,000 after buying an additional 21,798,190 shares in the last quarter. Norges Bank acquired a new position in shares of Marvell Technology during the 4th quarter valued at about $895,455,000. Bank of America Corp DE purchased a new stake in shares of Marvell Technology in the second quarter valued at about $2,607,795,000. Legal & General Group Plc purchased a new stake in shares of Marvell Technology in the second quarter valued at about $1,742,526,000. Finally, Bank of New York Mellon Corp increased its position in Marvell Technology by 153.3% during the second quarter. Bank of New York Mellon Corp now owns 7,957,985 shares of the semiconductor company’s stock worth $2,370,604,000 after purchasing an additional 4,815,725 shares during the last quarter. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Citigroup lifted their target price on shares of Marvell Technology from $225.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, August 21st. Roth Capital restated a “buy” rating and set a $350.00 price target on shares of Marvell Technology in a report on Thursday, August 20th. Rosenblatt Securities lifted their price target on shares of Marvell Technology from $240.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, August 25th. KeyCorp reiterated an “overweight” rating on shares of Marvell Technology in a report on Friday, August 28th. Finally, Bank of America raised their target price on Marvell Technology from $240.00 to $365.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $265.76.

Insider Transactions at Marvell Technology

In related news, CFO Daniel Durn sold 2,250 shares of the business’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $281.01, for a total value of $632,272.50. Following the sale, the chief financial officer owned 6,902 shares in the company, valued at approximately $1,939,531.02. The trade was a 24.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Matthew J. Murphy sold 7,500 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $236.08, for a total value of $1,770,600.00. Following the transaction, the chief executive officer directly owned 783,186 shares in the company, valued at approximately $184,894,550.88. The trade was a 0.95% 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. Insiders have sold 41,981 shares of company stock valued at $9,727,132 over the last three months. 0.12% of the stock is currently owned by company insiders.

Marvell Technology Price Performance

Shares of MRVL opened at $223.55 on Friday. The firm has a 50-day simple moving average of $220.24 and a two-hundred day simple moving average of $181.17. The stock has a market cap of $196.03 billion, a PE ratio of 73.78, a P/E/G ratio of 2.17 and a beta of 2.25. Marvell Technology, Inc. has a 1-year low of $62.47 and a 1-year high of $329.88. 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 issued its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.93 by $0.01. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.72 billion. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. The business’s revenue for the quarter was up 36.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.67 EPS. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. As a group, analysts forecast that Marvell Technology, Inc. will post 3.03 EPS for the current year.

Marvell Technology Announces Dividend

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

Marvell Technology News Roundup

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

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.