Marvell Technology, Inc. $MRVL Shares Purchased by Lombard Odier Asset Management USA Corp

Lombard Odier Asset Management USA Corp increased its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 60.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,032 shares of the semiconductor company’s stock after buying an additional 12,076 shares during the period. Lombard Odier Asset Management USA Corp’s holdings in Marvell Technology were worth $2,693,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MRVL. Vanguard Group Inc. raised its stake in shares of Marvell Technology by 23.5% in the third quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock valued at $6,692,830,000 after acquiring an additional 15,166,976 shares in the last quarter. Brown Advisory Inc. grew its stake in Marvell Technology by 8.0% during the 2nd quarter. Brown Advisory Inc. now owns 20,840,336 shares of the semiconductor company’s stock worth $1,613,044,000 after purchasing an additional 1,539,809 shares in the last quarter. State Street Corp grew its stake in Marvell Technology by 2.7% during the 2nd quarter. State Street Corp now owns 20,573,260 shares of the semiconductor company’s stock worth $1,592,370,000 after purchasing an additional 533,946 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Marvell Technology by 59.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 16,624,827 shares of the semiconductor company’s stock worth $1,397,751,000 after purchasing an additional 6,217,952 shares during the period. Finally, Franklin Resources Inc. raised its position in Marvell Technology by 47.0% in the 3rd quarter. Franklin Resources Inc. now owns 11,903,051 shares of the semiconductor company’s stock valued at $1,000,689,000 after purchasing an additional 3,805,431 shares in the last quarter. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Insider Buying and Selling at Marvell Technology

In other news, EVP Mark Casper sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $93.08, for a total transaction of $465,400.00. Following the completion of the sale, the executive vice president owned 19,418 shares in the company, valued at approximately $1,807,427.44. The trade was a 20.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. TD Cowen lifted their price objective on Marvell Technology from $85.00 to $90.00 and gave the company a “hold” rating in a research note on Friday, March 6th. Stifel Nicolaus upped their target price on shares of Marvell Technology from $114.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. JPMorgan Chase & Co. raised their target price on shares of Marvell Technology from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Friday, March 6th. B. Riley Financial reiterated a “buy” rating and issued a $135.00 price target (up from $130.00) on shares of Marvell Technology in a research note on Friday, March 6th. Finally, Jefferies Financial Group boosted their price target on shares of Marvell Technology from $80.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $117.24.

Marvell Technology Trading Up 4.2%

MRVL opened at $91.58 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.58 and a current ratio of 2.01. Marvell Technology, Inc. has a one year low of $47.08 and a one year high of $102.77. The company has a market cap of $80.07 billion, a P/E ratio of 29.73, a PEG ratio of 0.80 and a beta of 1.97. The business’s 50-day simple moving average is $81.73 and its 200-day simple moving average is $82.82.

Marvell Technology (NASDAQ:MRVL) last posted its earnings results on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.01. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Marvell Technology had a return on equity of 14.22% and a net margin of 32.58%.The firm’s revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 earnings per share. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. As a group, equities research analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

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.