General American Investors Co. Inc. Sells 34,900 Shares of Marvell Technology, Inc. $MRVL

General American Investors Co. Inc. lowered its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 41.1% in the 4th quarter, HoldingsChannel reports. The firm owned 50,000 shares of the semiconductor company’s stock after selling 34,900 shares during the quarter. General American Investors Co. Inc.’s holdings in Marvell Technology were worth $4,249,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Jessup Wealth Management Inc bought a new stake in Marvell Technology during the fourth quarter worth about $25,000. Laurel Wealth Advisors LLC bought a new stake in Marvell Technology during the fourth quarter worth about $25,000. Cherry Tree Wealth Management LLC bought a new stake in Marvell Technology during the fourth quarter worth about $26,000. Ankerstar Wealth LLC bought a new stake in Marvell Technology during the fourth quarter worth about $34,000. Finally, Elyxium Wealth LLC bought a new stake in Marvell Technology during the fourth quarter worth about $40,000. Institutional investors own 83.51% of the company’s stock.

More Marvell Technology News

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

• Positive Sentiment: Marvell is set to join the S&P 500 on June 22, a move that can drive automatic buying from index funds and reinforce investor confidence in the company’s scale and profitability.
• Positive Sentiment: B. Riley raised its price target on Marvell to $345 and maintained a buy rating, signaling continued upside expectations for the AI-driven semiconductor business.
• Positive Sentiment: Erste Group lifted its FY2027 and FY2028 earnings estimates, reflecting higher expectations for Marvell’s long-term AI infrastructure growth.
• Positive Sentiment: Marvell’s appointment of Dan Durn as CFO, along with the company’s reaffirmed outlook, suggests management sees a stable transition while it continues pushing its AI growth strategy. Article: Marvell Taps Adobe CFO as AI Growth Push Continues
• Neutral Sentiment: Coverage across financial media continues to highlight Marvell as a major AI infrastructure name, which keeps the stock in focus but does not by itself change fundamentals.
• Neutral Sentiment: Some commentary notes that the stock has run up sharply and is trading at a premium valuation, which could lead to more volatility if expectations get too high.
• Negative Sentiment: Rosenblatt reaffirmed a buy rating but kept a $240 price target, which is below the current trading level and suggests some analysts see limited near-term upside from here.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MRVL. Scotiabank began coverage on Marvell Technology in a research note on Tuesday, May 26th. They set an “outperform” rating for the company. Morgan Stanley lifted their price target on Marvell Technology from $172.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. B. Riley Financial lifted their price target on Marvell Technology from $240.00 to $345.00 and gave the stock a “buy” rating in a research note on Friday. Oppenheimer boosted their target price on Marvell Technology from $200.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Finally, Raymond James Financial set a $235.00 target price on Marvell Technology and gave the company a “strong-buy” rating in a research note on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Marvell Technology currently has an average rating of “Moderate Buy” and a consensus price target of $224.68.

Marvell Technology Trading Down 0.4%

NASDAQ MRVL opened at $279.70 on Friday. 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 moving average of $182.49 and a 200-day moving average of $119.35. The firm has a market cap of $244.68 billion, a PE ratio of 95.79, a price-to-earnings-growth ratio of 1.83 and a beta of 2.29.

Marvell Technology (NASDAQ:MRVL) last released its earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.80. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The company had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the previous year, the company posted $0.62 EPS. Marvell Technology’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. As a group, sell-side analysts forecast that Marvell Technology, Inc. will post 3.07 EPS for the current year.

Marvell Technology Announces Dividend

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

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, EVP Mark Casper sold 10,854 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $107.01, for a total transaction of $1,161,486.54. Following the completion of the transaction, the executive vice president owned 4,023 shares of the company’s stock, valued at $430,501.23. This represents a 72.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Matthew J. Murphy sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, March 26th. The shares were sold at an average price of $98.70, for a total value of $2,961,000.00. Following the transaction, the chief executive officer directly owned 310,106 shares of the company’s stock, valued at $30,607,462.20. The trade was a 8.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 255,060 shares of company stock worth $31,959,772 over the last three months. 0.12% of the stock is owned by corporate insiders.

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.