TimesSquare Capital Management LLC Sells 206,366 Shares of Marvell Technology, Inc. $MRVL

TimesSquare Capital Management LLC reduced its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 57.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 153,078 shares of the semiconductor company’s stock after selling 206,366 shares during the period. TimesSquare Capital Management LLC’s holdings in Marvell Technology were worth $45,600,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Laurel Wealth Advisors LLC bought a new stake in Marvell Technology in the fourth quarter worth approximately $25,000. Hilton Head Capital Partners LLC lifted its stake in Marvell Technology by 978.3% in the first quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 225 shares during the period. Jessup Wealth Management Inc bought a new position in shares of Marvell Technology during the 4th quarter worth approximately $25,000. Cherry Tree Wealth Management LLC bought a new position in shares of Marvell Technology during the 4th quarter worth approximately $26,000. Finally, MidFirst Bank acquired a new stake in shares of Marvell Technology during the 4th quarter worth approximately $28,000. 83.51% of the stock is owned by institutional investors and hedge funds.

Marvell Technology News Summary

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

• Positive Sentiment: Marvell granted Alphabet’s Google a warrant to purchase up to 58.97 million MRVL shares at $206.58 each. If fully exercised, the warrant would represent approximately 6.7% of Marvell’s outstanding stock and a potential investment of roughly $12.2 billion, creating a strategic alignment with one of the largest AI infrastructure buyers. Marvell shares jump as Google warrant deepens AI chip partnership
• Positive Sentiment: The agreement covers technologies connected to Google’s Tensor Processing Unit ecosystem, including AI inference accelerators, networking and storage products, memory-interface controllers and near-memory computing. Reports describe the broader commercial opportunity as potentially worth as much as $120 billion through 2033, although the ultimate value depends on execution and customer demand. Marvell Technology expands Google AI partnership
• Positive Sentiment: Investors are interpreting the deal as validation of Marvell’s custom silicon, connectivity and memory technologies as hyperscalers increasingly design their own AI systems. Analysts including William Blair and Raymond James remained constructive, citing improved long-term AI revenue visibility.
• Neutral Sentiment: Marvell is scheduled to report fiscal second-quarter results on August 27. Consensus expectations reportedly call for approximately $2.71 billion in revenue and about $0.87 in earnings per share, placing a high execution bar after the stock’s substantial rally.
• Negative Sentiment: The Google warrant could eventually increase Marvell’s share count, creating dilution for existing shareholders. In addition, MRVL trades at an elevated valuation—about 81 times earnings based on the supplied data—while the CEO recently sold 7,500 shares under a pre-arranged Rule 10b5-1 plan. These factors may increase volatility if results or guidance disappoint.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MRVL shares. KeyCorp upped their price objective on shares of Marvell Technology from $385.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marvell Technology in a research report on Wednesday, June 24th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $195.00 target price on shares of Marvell Technology in a report on Wednesday, August 12th. UBS Group reduced their price target on shares of Marvell Technology from $340.00 to $300.00 and set a “buy” rating for the company in a research report on Monday. Finally, Jefferies Financial Group boosted 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. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $244.81.

Insider Buying and Selling

In other news, CFO Daniel Durn sold 2,250 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $281.01, for a total transaction of $632,272.50. Following the sale, the chief financial officer directly owned 6,902 shares in the company, valued at $1,939,531.02. This represents a 24.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Sandeep Bharathi sold 2,231 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $299.13, for a total transaction of $667,359.03. Following the sale, the insider directly owned 55,530 shares in the company, valued at $16,610,688.90. This trade represents a 3.86% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 41,981 shares of company stock worth $9,753,132. Company insiders own 0.12% of the company’s stock.

Marvell Technology Price Performance

Shares of NASDAQ:MRVL opened at $237.27 on Thursday. The company has a market capitalization of $207.56 billion, a P/E ratio of 81.26, a price-to-earnings-growth ratio of 1.35 and a beta of 2.24. The company’s 50-day moving average is $235.18 and its 200 day moving average is $169.36. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.66 and a current ratio of 3.28. Marvell Technology, Inc. has a fifty-two week low of $61.44 and a fifty-two week high of $329.88.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share for the quarter, meeting 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 during the quarter, compared to analyst estimates of $2.41 billion. During the same period in the prior year, the company earned $0.62 earnings per share. Marvell Technology’s 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. On average, equities research analysts forecast that Marvell Technology, Inc. will post 3.07 earnings per share for the current year.

Marvell Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Investors 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 dividend yield of 0.1%. The ex-dividend date was Friday, July 10th. Marvell Technology’s payout ratio is presently 8.22%.

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.