CIBC Asset Management Inc Has $17.58 Million Stock Position in Marvell Technology, Inc. $MRVL

CIBC Asset Management Inc raised its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 206,812 shares of the semiconductor company’s stock after buying an additional 8,070 shares during the quarter. CIBC Asset Management Inc’s holdings in Marvell Technology were worth $17,575,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Marvell Technology by 23.5% during the third quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock worth $6,692,830,000 after acquiring an additional 15,166,976 shares during the period. Norges Bank acquired a new position in Marvell Technology in the 4th quarter worth $895,455,000. 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 in the last quarter. Franklin Resources Inc. raised its stake in shares of 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 during the period. Finally, Rafferty Asset Management LLC raised its stake in shares of Marvell Technology by 111.0% in the 2nd quarter. Rafferty Asset Management LLC now owns 5,810,359 shares of the semiconductor company’s stock valued at $449,722,000 after purchasing an additional 3,056,808 shares during the period. Institutional investors and hedge funds own 83.51% of the company’s stock.

Trending Headlines about Marvell Technology

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

• Positive Sentiment: Nvidia CEO Jensen Huang’s public praise has become the biggest catalyst, reinforcing Marvell’s role in AI networking, custom silicon, and optical interconnects and sparking continued buying. Stock Market Today, June 2: Marvell Technology Surges After Nvidia CEO Highlights AI Infrastructure Role
• Positive Sentiment: Investors are also encouraged by Marvell’s underlying AI growth story, including strong data-center demand, record bookings, and accelerating revenue growth that suggest the rally is not only hype. MRVL Stock Soars as Investors Embrace Its AI Growth Story
• Positive Sentiment: Analyst optimism and higher price targets are adding fuel, with some coverage pointing to strong revenue growth expectations tied to Marvell’s AI switch and custom chip opportunities. Why Marvell Technology Bumped Higher Again on Wednesday
• Neutral Sentiment: Some market commentary says the stock is now overbought after its explosive run, so investors may be watching for a pause or consolidation even though the longer-term AI trend remains bullish. Why Is Marvell Technology Stock Falling Thursday?
• Negative Sentiment: Broader semiconductor weakness after Broadcom’s disappointing outlook has also created short-term pressure on chip stocks, which could temper MRVL’s momentum if AI enthusiasm cools. Micron, Marvell, and Broadcom lead chipmakers’ premarket losses

Marvell Technology Trading Up 4.9%

Shares of MRVL stock opened at $316.43 on Friday. The stock has a market cap of $276.81 billion, a P/E ratio of 108.37, a price-to-earnings-growth ratio of 1.99 and a beta of 2.29. Marvell Technology, Inc. has a 1 year low of $61.44 and a 1 year high of $324.20. The company has a current ratio of 3.28, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27. The stock has a 50 day simple moving average of $161.54 and a 200 day simple moving average of $111.50.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, hitting analysts’ consensus estimates of $0.80. The firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.41 billion. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The company’s revenue was up 27.6% on a year-over-year basis. During the same quarter last year, the company earned $0.62 EPS. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. On average, research analysts predict that Marvell Technology, Inc. will post 3.05 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

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

Insiders Place Their Bets

In related news, COO Chris Koopmans sold 10,000 shares of the company’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $110.24, for a total transaction of $1,102,400.00. Following the completion of the sale, the chief operating officer owned 133,870 shares of the company’s stock, valued at $14,757,828.80. This represents a 6.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew J. Murphy sold 30,000 shares of the stock in a transaction dated Thursday, March 26th. The stock was sold at an average price of $98.70, for a total transaction of $2,961,000.00. Following the sale, the chief executive officer owned 310,106 shares in the company, valued at $30,607,462.20. The trade was a 8.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 255,060 shares of company stock valued at $31,959,772 over the last 90 days. 0.12% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on MRVL shares. Oppenheimer upped their price objective on Marvell Technology from $200.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Melius Research set a $220.00 price objective on shares of Marvell Technology in a report on Monday, May 18th. Cantor Fitzgerald raised their price target on Marvell Technology from $190.00 to $220.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. B. Riley Financial reiterated a “buy” rating on shares of Marvell Technology in a report on Tuesday, May 12th. Finally, KeyCorp raised their target price on shares of Marvell Technology from $130.00 to $260.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $218.58.

Marvell Technology Company 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.