Oddo BHF Asset Management Sas Lowers Position in Marvell Technology, Inc. $MRVL

Oddo BHF Asset Management Sas cut its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 69.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 71,252 shares of the semiconductor company’s stock after selling 163,604 shares during the quarter. Oddo BHF Asset Management Sas’ holdings in Marvell Technology were worth $6,055,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of MRVL. Laurel Wealth Advisors LLC purchased a new position in Marvell Technology during the fourth quarter valued at $25,000. Jessup Wealth Management Inc bought a new stake in Marvell Technology during the fourth quarter valued at about $25,000. Cherry Tree Wealth Management LLC bought a new stake in Marvell Technology during the fourth quarter valued at about $26,000. Ankerstar Wealth LLC bought a new stake in Marvell Technology during the fourth quarter valued at about $34,000. Finally, Elyxium Wealth LLC bought a new stake in Marvell Technology during the fourth quarter valued at about $40,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Stifel Nicolaus set a $321.00 price target on Marvell Technology in a report on Tuesday, June 2nd. JPMorgan Chase & Co. raised their price target on Marvell Technology from $135.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. Wall Street Zen cut Marvell Technology from a “buy” rating to a “hold” rating in a report on Sunday, March 15th. B. Riley Financial raised their price target on Marvell Technology from $240.00 to $345.00 and gave the company a “buy” rating in a report on Friday. Finally, Erste Group Bank assumed coverage on Marvell Technology in a report on Thursday, April 2nd. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $224.68.

Key Marvell Technology News

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

• Positive Sentiment: Marvell shares are getting a lift from renewed enthusiasm around its AI infrastructure business, with multiple articles highlighting the company as a key beneficiary of rising demand for custom silicon and high-speed interconnects used in AI systems. Article Title
• Positive Sentiment: B. Riley reportedly raised its price target on MRVL to $345, citing AI growth, while Marvell also announced a new CFO, which may be reinforcing confidence in leadership and execution. Article Title
• Positive Sentiment: Investor sentiment is also being supported by reports that Marvell is hitting record highs and being viewed as one of the market’s premier AI infrastructure plays, which can attract momentum buyers. Article Title
• Positive Sentiment: The broader chip sector has been strong recently, with semiconductor stocks and ETFs breaking to new highs, adding a tailwind for Marvell alongside the market-wide rotation into AI and chip names. Article Title
• Neutral Sentiment: Commentary pieces from The Motley Fool and other outlets are amplifying attention around Marvell’s long-term upside, but these are mostly sentiment drivers rather than new operating data. Article Title

Insider Activity at Marvell Technology

In other Marvell Technology news, EVP Mark Casper sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $135.50, for a total transaction of $1,355,000.00. Following the sale, the executive vice president directly owned 35,878 shares of the company’s stock, valued at $4,861,469. The trade was a 21.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Matthew J. Murphy sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $177.26, for a total value of $1,329,450.00. Following the sale, the chief executive officer directly owned 739,397 shares in the company, valued at $131,065,512.22. The trade was a 1.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 255,060 shares of company stock valued at $31,959,772 over the last ninety days. 0.12% of the stock is currently owned by company insiders.

Marvell Technology Trading Up 10.4%

Shares of NASDAQ MRVL opened at $308.88 on Tuesday. The business’s 50 day moving average is $186.53 and its two-hundred day moving average is $121.19. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.28 and a quick ratio of 2.66. Marvell Technology, Inc. has a 1-year low of $61.44 and a 1-year high of $324.20. The stock has a market capitalization of $270.21 billion, a P/E ratio of 105.78, a PEG ratio of 1.83 and a beta of 2.29.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share for the quarter, hitting the consensus estimate 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 for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the previous year, the firm 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. As a group, research analysts expect that Marvell Technology, Inc. will post 3.07 EPS for the current year.

Marvell Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Friday, April 10th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Friday, April 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.