Geode Capital Management LLC Grows Holdings in Marvell Technology, Inc. $MRVL

Geode Capital Management LLC grew its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,108,452 shares of the semiconductor company’s stock after buying an additional 97,624 shares during the quarter. Geode Capital Management LLC’s holdings in Marvell Technology were worth $1,025,185,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Laurel Wealth Advisors LLC purchased a new position in shares of Marvell Technology during the 4th quarter valued at approximately $25,000. Elyxium Wealth LLC purchased a new position in shares of Marvell Technology during the 4th quarter valued at approximately $40,000. Strive Asset Management LLC purchased a new position in shares of Marvell Technology during the 3rd quarter valued at approximately $42,000. Avalon Trust Co boosted its stake in shares of 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 during the last quarter. Finally, Westside Investment Management Inc. boosted its stake in shares of Marvell Technology by 67.3% during the 3rd quarter. Westside Investment Management Inc. now owns 696 shares of the semiconductor company’s stock valued at $58,000 after buying an additional 280 shares during the last quarter. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Marvell Technology

In other Marvell Technology news, insider Sandeep Bharathi sold 66,892 shares of the stock in a transaction 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 trade represents a 54.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 stock in a transaction 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 directly owned 226,675 shares in the company, valued at $39,722,527. This represents a 1.73% 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. Insiders sold 245,060 shares of company stock valued at $29,901,072 over the last three months. 0.12% of the stock is currently owned by company insiders.

Marvell Technology Stock Performance

Shares of MRVL opened at $205.00 on Friday. The business’s fifty day moving average price is $146.17 and its 200 day moving average price is $105.94. Marvell Technology, Inc. has a 12-month low of $58.61 and a 12-month high of $218.26. The stock has a market capitalization of $183.95 billion, a PE ratio of 70.21, a price-to-earnings-growth ratio of 1.71 and a beta of 2.25. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.58.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.80. Marvell Technology had a return on equity of 14.89% and a net margin of 28.99%.The firm had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period last year, the business posted $0.62 earnings per share. The firm’s revenue for the quarter was up 27.6% on a year-over-year basis. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. Equities research analysts forecast that Marvell Technology, Inc. will post 3.04 EPS for the current year.

Marvell Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Friday, April 10th were paid a dividend of $0.06 per share. The ex-dividend date was Friday, April 10th. This represents a $0.24 annualized dividend and a yield of 0.1%. Marvell Technology’s dividend payout ratio (DPR) is 8.22%.

Trending Headlines about Marvell Technology

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

• Positive Sentiment: Marvell posted record quarterly revenue, met EPS estimates, and raised its outlook on accelerating AI-related data center demand, reinforcing the bull case for MRVL.
• Positive Sentiment: A wave of analyst price-target increases, including multiple firms moving targets into the $225-$275 range, signals growing Wall Street confidence in Marvell’s AI growth story.
• Positive Sentiment: Coverage highlighted Marvell’s expanding opportunities in networking chips, custom silicon, interconnect, and optical solutions as AI infrastructure spending continues to rise.
• Neutral Sentiment: Some analysts say the stock’s strong rally has already priced in a lot of good news, making valuation a key question for investors after the earnings move.
• Negative Sentiment: Gross margin expansion is slowing as custom chip costs rise and competition intensifies, which could limit earnings leverage if revenue growth cools.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Royal Bank Of Canada increased their target price on Marvell Technology from $170.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. Citigroup increased their target price on Marvell Technology from $118.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday. B. Riley Financial reiterated a “buy” rating on shares of Marvell Technology in a research note on Tuesday, May 12th. Craig Hallum increased their target price on Marvell Technology from $141.00 to $164.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Finally, Susquehanna raised their price objective on Marvell Technology from $100.00 to $230.00 and gave the stock a “positive” rating in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $212.34.

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.