iA Global Asset Management Inc. Acquires 7,366 Shares of Marvell Technology, Inc. $MRVL

iA Global Asset Management Inc. raised its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 7.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 107,196 shares of the semiconductor company’s stock after purchasing an additional 7,366 shares during the period. iA Global Asset Management Inc.’s holdings in Marvell Technology were worth $9,110,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Marvell Technology by 23.5% in the third quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock worth $6,692,830,000 after buying an additional 15,166,976 shares during the period. Triasima Portfolio Management inc. purchased a new stake in Marvell Technology in the third quarter worth about $1,426,000. Varma Mutual Pension Insurance Co lifted its holdings in Marvell Technology by 25.4% in the fourth quarter. Varma Mutual Pension Insurance Co now owns 158,588 shares of the semiconductor company’s stock worth $13,477,000 after buying an additional 32,130 shares during the period. Strs Ohio lifted its holdings in Marvell Technology by 27.7% in the third quarter. Strs Ohio now owns 742,781 shares of the semiconductor company’s stock worth $62,446,000 after buying an additional 161,082 shares during the period. Finally, Wilson Asset Management International PTY Ltd. lifted its holdings in Marvell Technology by 20.4% in the fourth quarter. Wilson Asset Management International PTY Ltd. now owns 134,642 shares of the semiconductor company’s stock worth $11,442,000 after buying an additional 22,837 shares during the period. Institutional investors and hedge funds own 83.51% of the company’s stock.

Marvell Technology Price Performance

Shares of MRVL opened at $176.89 on Monday. The company has a quick ratio of 1.58, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. Marvell Technology, Inc. has a twelve month low of $58.61 and a twelve month high of $192.15. The company has a market capitalization of $158.73 billion, a P/E ratio of 57.43, a price-to-earnings-growth ratio of 1.48 and a beta of 2.25. The firm has a 50 day moving average of $125.27 and a 200 day moving average of $98.83.

Marvell Technology (NASDAQ:MRVL) last posted its earnings results on Thursday, March 5th. The semiconductor company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. Marvell Technology had a net margin of 32.58% and a return on equity of 14.22%. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter in the previous year, the firm posted $0.60 EPS. The firm’s revenue was up 22.1% on a year-over-year basis. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. As a group, equities research analysts anticipate that Marvell Technology, Inc. will post 3.04 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The business also recently announced 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 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 payout ratio is 7.79%.

Insiders Place Their Bets

In other Marvell Technology news, insider Sandeep Bharathi sold 66,892 shares of Marvell Technology stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $130.35, for a total value of $8,719,372.20. Following the completion of the sale, the insider owned 55,199 shares of the company’s stock, valued at approximately $7,195,189.65. The trade was a 54.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 30,000 shares of Marvell Technology stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $134.01, for a total transaction of $4,020,300.00. Following the completion of the sale, the chief financial officer directly owned 154,111 shares of the company’s stock, valued at approximately $20,652,415.11. This trade represents a 16.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 a total of 241,060 shares of company stock worth $29,200,112 in the last 90 days. Insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on MRVL shares. Barclays upgraded shares of Marvell Technology from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $105.00 to $150.00 in a report on Thursday, April 9th. Evercore reiterated an “outperform” rating and set a $133.00 target price on shares of Marvell Technology in a report on Wednesday, March 4th. The Goldman Sachs Group reiterated a “neutral” rating and set a $125.00 target price on shares of Marvell Technology in a report on Wednesday. Morgan Stanley raised their price target on shares of Marvell Technology from $95.00 to $103.00 and gave the company an “equal weight” rating in a research report on Friday, March 6th. Finally, Wall Street Zen downgraded shares of Marvell Technology from a “buy” rating to a “hold” rating in a research report on Sunday, March 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Marvell Technology has a consensus rating of “Moderate Buy” and a consensus price target of $132.73.

Marvell Technology News Roundup

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

• Positive Sentiment: Bank of America and Goldman Sachs raised their price targets on Marvell, reinforcing optimism around AI networking, custom silicon, and data-center demand. BofA and Goldman Sachs reset Marvell stock price targets
• Positive Sentiment: Analysts and market coverage say Marvell’s optical and interconnect businesses could be a major hidden growth engine, with management reportedly lifting interconnect growth expectations to 50% for FY27. Marvell Technology Has a Hidden Growth Engine That Could Cause MRVL Stock to Skyrocket
• Positive Sentiment: New coverage says Marvell’s AI tailwinds remain strong, with demand for custom AI chips and data-center infrastructure continuing to accelerate. Marvell’s AI Tailwinds Are Heating Up. Is It Time to Buy the Breakout?
• Positive Sentiment: Reports also note that AMD disclosed a stake in Marvell, which may be read as validation of Marvell’s strategy and long-term opportunity. Robust Earnings Growth and Innovation Will Help the Marvell Stock Uptrend Keep Going

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.