Kestra Private Wealth Services LLC Lowers Stake in Marvell Technology, Inc. $MRVL

Kestra Private Wealth Services LLC reduced its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 32.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 24,479 shares of the semiconductor company’s stock after selling 12,005 shares during the period. Kestra Private Wealth Services LLC’s holdings in Marvell Technology were worth $2,425,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MRVL. Focused Wealth Management Inc purchased a new position in shares of Marvell Technology during the first quarter worth approximately $608,000. Wilson Asset Management International PTY Ltd. lifted its holdings in shares of Marvell Technology by 20.4% in the 4th quarter. Wilson Asset Management International PTY Ltd. now owns 134,642 shares of the semiconductor company’s stock worth $11,442,000 after acquiring an additional 22,837 shares during the last quarter. Varma Mutual Pension Insurance Co boosted its stake in shares of Marvell Technology by 25.4% in the 4th quarter. Varma Mutual Pension Insurance Co now owns 158,588 shares of the semiconductor company’s stock valued at $13,477,000 after purchasing an additional 32,130 shares in the last quarter. Lombard Odier Asset Management USA Corp boosted its stake in shares of Marvell Technology by 60.5% in the 3rd quarter. Lombard Odier Asset Management USA Corp now owns 32,032 shares of the semiconductor company’s stock valued at $2,693,000 after purchasing an additional 12,076 shares in the last quarter. Finally, Jain Global LLC grew its holdings in shares of Marvell Technology by 189.6% during the 3rd quarter. Jain Global LLC now owns 443,538 shares of the semiconductor company’s stock valued at $37,288,000 after purchasing an additional 290,402 shares during the last quarter. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MRVL. Scotiabank initiated coverage on shares of Marvell Technology in a research report on Tuesday, May 26th. They issued an “outperform” rating on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marvell Technology in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $240.00 price objective on shares of Marvell Technology in a report on Thursday, May 28th. B. Riley Financial boosted their target price on Marvell Technology from $240.00 to $345.00 and gave the company a “buy” rating in a research note on Friday, June 12th. Finally, UBS Group increased their target price on Marvell Technology from $195.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Three research 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. Based on data from MarketBeat.com, Marvell Technology currently has a consensus rating of “Moderate Buy” and an average target price of $233.68.

Key Marvell Technology News

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

• Positive Sentiment: Marvell reported strong cash generation, with first-quarter fiscal 2027 operating cash flow nearly doubling to a record $638.8 million, supporting the view that AI and data-center demand are translating into real financial performance.
• Positive Sentiment: Recent analyst coverage remained constructive, including BofA raising its price target on MRVL to $365 from $240 while keeping a Buy rating, reinforcing bullish long-term sentiment around AI-chip exposure.
• Positive Sentiment: Technical commentary said MRVL broke above its 20-day moving average, which traders often read as a short-term bullish signal. Article Title
• Neutral Sentiment: Marvell also declared a quarterly dividend of $0.06 per share, which is modest and unlikely to materially change the investment thesis. Article Title
• Neutral Sentiment: Several articles framed MRVL as still having upside potential after its strong year-to-date move, but also noted that valuation is becoming harder to justify versus peers like Broadcom. Article Title
• Negative Sentiment: Market commentary said Wall Street is dumping some of the biggest AI winners as tech sentiment weakens, which is pressuring Marvell along with other high-momentum semiconductor names. Article Title
• Negative Sentiment: Investors also appeared cautious after Barron’s highlighted that Marvell’s new CFO, Dan Durn, sold stock in his first open-market transaction since joining the company, adding to concerns that the AI rally may be overheating. Article Title

Insider Buying and Selling

In other Marvell Technology news, CFO Daniel Durn sold 2,250 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $281.01, for a total value of $632,272.50. Following the completion of the sale, the chief financial officer owned 6,902 shares in the company, valued at approximately $1,939,531.02. This trade represents a 24.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Sandeep Bharathi sold 2,231 shares of Marvell Technology stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $299.13, for a total value of $667,359.03. Following the completion of the sale, the insider owned 55,530 shares in the company, valued at approximately $16,610,688.90. This represents a 3.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders sold 185,127 shares of company stock valued at $25,874,325 over the last ninety days. Corporate insiders own 0.12% of the company’s stock.

Marvell Technology Stock Performance

NASDAQ:MRVL opened at $266.77 on Monday. The firm has a market capitalization of $233.37 billion, a P/E ratio of 91.36, a P/E/G ratio of 1.75 and a beta of 2.29. The company has a quick ratio of 2.66, a current ratio of 3.28 and a debt-to-equity ratio of 0.27. The company has a fifty day moving average of $216.75 and a 200 day moving average of $133.59. Marvell Technology, Inc. has a 52 week low of $61.44 and a 52 week high of $329.88.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.80. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter last year, the firm earned $0.62 EPS. The company’s revenue was up 27.6% on a year-over-year basis. 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 3.07 earnings per share for the current year.

Marvell Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Friday, July 10th will be issued 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 is Friday, July 10th. Marvell Technology’s dividend payout ratio is currently 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.