Formuepleje A S Sells 38,454 Shares of Marvell Technology, Inc. $MRVL

Formuepleje A S decreased its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 74.0% in the 2nd quarter, Holdings Channel reports. The fund owned 13,506 shares of the semiconductor company’s stock after selling 38,454 shares during the quarter. Formuepleje A S’s holdings in Marvell Technology were worth $4,023,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Focused Wealth Management Inc acquired a new stake in shares of Marvell Technology in the first quarter valued at approximately $608,000. Swedbank AB grew its position in Marvell Technology by 2.8% in the first quarter. Swedbank AB now owns 3,189,551 shares of the semiconductor company’s stock valued at $315,925,000 after purchasing an additional 85,816 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Marvell Technology by 49.7% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 273,647 shares of the semiconductor company’s stock valued at $27,105,000 after buying an additional 90,800 shares during the last quarter. Merit Financial Group LLC lifted its position in Marvell Technology by 22.9% during the 2nd quarter. Merit Financial Group LLC now owns 27,079 shares of the semiconductor company’s stock worth $8,067,000 after buying an additional 5,047 shares in the last quarter. Finally, Swiss National Bank lifted its position in Marvell Technology by 5.4% during the 1st quarter. Swiss National Bank now owns 2,489,003 shares of the semiconductor company’s stock worth $246,536,000 after buying an additional 126,600 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Marvell Technology

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

• Positive Sentiment: Marvell’s planned acquisition of Celestial AI is providing the biggest near-term catalyst. The deal would add photonics technology designed to improve optical connectivity in AI data centers, potentially expanding Marvell’s opportunity as hyperscalers require more bandwidth. Why Marvell Stock Rallied Today
• Positive Sentiment: Investors are buying beaten-down AI silicon names as the market continues to anticipate strong hyperscaler spending. Marvell’s exposure to custom chips, networking and optical interconnects makes it a potential beneficiary of continued AI data-center investment. Marvell Rises as AI Silicon Rebounds
• Positive Sentiment: A recent earnings beat and raised multiyear outlook continue to support the bullish case. Quarterly revenue rose 36.5% year over year to $2.74 billion, while adjusted EPS of $0.94 exceeded estimates; data-center demand and an expanded hyperscaler relationship were key drivers.
• Positive Sentiment: An RBC analyst reportedly favors Marvell over Broadcom as an AI-stock dip-buying opportunity, reinforcing optimism that Marvell’s custom-silicon and connectivity businesses can benefit from the next phase of AI infrastructure expansion. RBC Analyst Compares Marvell and Broadcom

Analyst Ratings Changes

MRVL has been the subject of several analyst reports. BMO Capital Markets started coverage on Marvell Technology in a report on Thursday, August 20th. They issued an “outperform” rating and a $250.00 price objective for the company. Jefferies Financial Group reissued a “buy” rating and set a $325.00 price target on shares of Marvell Technology in a research report on Thursday, August 20th. Barclays restated an “overweight” rating on shares of Marvell Technology in a research note on Thursday, August 20th. William Blair reaffirmed an “outperform” rating on shares of Marvell Technology in a research report on Thursday, May 28th. Finally, Wells Fargo & Company upped their price objective on Marvell Technology from $240.00 to $310.00 and gave the stock an “overweight” rating in a research note on Monday, August 24th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $265.76.

Marvell Technology Stock Performance

Shares of MRVL stock opened at $223.55 on Monday. Marvell Technology, Inc. has a 12-month low of $62.47 and a 12-month high of $329.88. The company has a market capitalization of $196.03 billion, a PE ratio of 73.78, a price-to-earnings-growth ratio of 2.17 and a beta of 2.25. The firm has a 50 day moving average price of $220.24 and a two-hundred day moving average price of $181.89. The company has a quick ratio of 2.62, a current ratio of 3.17 and a debt-to-equity ratio of 0.27.

Marvell Technology (NASDAQ:MRVL) last announced its earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.01. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.72 billion. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%.The firm’s quarterly revenue was up 36.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 earnings per share. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. As a group, analysts predict that Marvell Technology, Inc. will post 3.03 earnings per share for the current year.

Marvell Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Friday, July 10th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, July 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 currently 7.92%.

Insider Transactions at Marvell Technology

In related news, insider Sandeep Bharathi sold 2,231 shares of the business’s stock in a transaction dated 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 transaction, the insider owned 55,530 shares of the company’s stock, valued at $16,610,688.90. The trade was a 3.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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. Also, COO Chris Koopmans sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $203.27, for a total transaction of $2,032,700.00. Following the completion of the transaction, the chief operating officer owned 217,941 shares of the company’s stock, valued at $44,300,867.07. The trade was a 4.39% 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 41,981 shares of company stock worth $9,727,132 over the last ninety days. Corporate insiders own 0.12% of the company’s stock.

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.