MassMutual Private Wealth & Trust FSB Sells 17,915 Shares of Marvell Technology, Inc. $MRVL

MassMutual Private Wealth & Trust FSB decreased its position in shares of Marvell Technology, Inc. (NASDAQ:MRVLFree Report) by 20.8% in the 4th quarter, Holdings Channel reports. The fund owned 68,082 shares of the semiconductor company’s stock after selling 17,915 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Marvell Technology were worth $5,786,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in 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 purchasing an additional 15,166,976 shares during the period. Norges Bank purchased a new stake in shares of Marvell Technology during the 2nd quarter valued at approximately $716,713,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of Marvell Technology by 4,758.5% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,036,216 shares of the semiconductor company’s stock valued at $544,603,000 after buying an additional 6,891,393 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Marvell Technology by 59.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 16,624,827 shares of the semiconductor company’s stock worth $1,397,751,000 after buying an additional 6,217,952 shares during the period. Finally, Amundi grew its stake in Marvell Technology by 113.4% in the 2nd quarter. Amundi now owns 8,648,350 shares of the semiconductor company’s stock valued at $642,140,000 after buying an additional 4,596,309 shares in the last quarter. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Mark Casper sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $93.08, for a total value of $465,400.00. Following the sale, the executive vice president directly owned 19,418 shares of the company’s stock, valued at $1,807,427.44. This trade represents a 20.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.19% of the stock is owned by corporate insiders.

More Marvell Technology News

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

Wall Street Analyst Weigh In

Several research firms have issued reports on MRVL. Deutsche Bank Aktiengesellschaft set a $120.00 target price on Marvell Technology in a research report on Tuesday, February 10th. Needham & Company LLC decreased their price objective on Marvell Technology from $120.00 to $118.00 and set a “buy” rating on the stock in a research note on Tuesday, February 3rd. Craig Hallum increased their price objective on Marvell Technology from $141.00 to $164.00 and gave the stock a “buy” rating in a report on Friday, March 6th. B. Riley Financial reaffirmed a “buy” rating and set a $135.00 target price (up from $130.00) on shares of Marvell Technology in a report on Friday, March 6th. Finally, Citigroup upped their price target on Marvell Technology from $113.00 to $118.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Marvell Technology presently has an average rating of “Moderate Buy” and an average price target of $117.24.

View Our Latest Report on MRVL

Marvell Technology Price Performance

NASDAQ:MRVL opened at $87.92 on Friday. The firm has a market capitalization of $76.87 billion, a price-to-earnings ratio of 28.54, a P/E/G ratio of 0.82 and a beta of 1.97. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $102.77. The stock has a fifty day moving average of $82.05 and a 200 day moving average of $83.27. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.58 and a current ratio of 2.01.

Marvell Technology (NASDAQ:MRVLGet Free Report) last posted its earnings results on Thursday, March 5th. The semiconductor company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.79 by $0.01. The business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Marvell Technology had a return on equity of 14.22% and a net margin of 32.58%.The firm’s revenue was up 22.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.60 earnings per share. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. On average, research analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Friday, April 10th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, April 10th. Marvell Technology’s dividend payout ratio is 7.79%.

Marvell Technology Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Marvell Technology (NASDAQ:MRVL)

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