Marvell Technology, Inc. $MRVL Stock Position Reduced by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich cut its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 76.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,970 shares of the semiconductor company’s stock after selling 12,908 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Marvell Technology were worth $337,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Marvell Technology by 23.5% in the 3rd quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock valued at $6,692,830,000 after buying an additional 15,166,976 shares during the period. Triasima Portfolio Management inc. bought a new stake in Marvell Technology in the 3rd quarter valued at $1,426,000. Varma Mutual Pension Insurance Co increased its holdings in 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 buying an additional 32,130 shares during the period. Strs Ohio increased its holdings in Marvell Technology by 27.7% in the 3rd quarter. Strs Ohio now owns 742,781 shares of the semiconductor company’s stock valued at $62,446,000 after buying an additional 161,082 shares during the period. Finally, Wilson Asset Management International PTY Ltd. increased its holdings in 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 valued at $11,442,000 after buying an additional 22,837 shares during the period. 83.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MRVL. Bank of America boosted their price target on shares of Marvell Technology from $125.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday. Citigroup boosted their price target on shares of Marvell Technology from $113.00 to $118.00 and gave the company a “buy” rating in a report on Friday, March 6th. UBS Group boosted their price target on shares of Marvell Technology from $120.00 to $195.00 and gave the company a “buy” rating in a report on Monday, May 4th. JPMorgan Chase & Co. upped their target price on shares of Marvell Technology from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Friday, March 6th. Finally, Needham & Company LLC lowered their target price on shares of Marvell Technology from $120.00 to $118.00 and set a “buy” rating on the stock in a report on Tuesday, February 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, Marvell Technology has a consensus rating of “Moderate Buy” and an average price target of $132.73.

Marvell Technology Stock Down 3.1%

NASDAQ:MRVL opened at $176.89 on Friday. The stock’s fifty day moving average price is $125.27 and its two-hundred day moving average price is $98.76. Marvell Technology, Inc. has a 52-week low of $58.61 and a 52-week high of $192.15. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.58 and a current ratio of 2.01. The company has a market cap of $158.73 billion, a price-to-earnings ratio of 57.43, a P/E/G ratio of 1.48 and a beta of 2.25.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings data on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.01. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.21 billion. Marvell Technology had a return on equity of 14.22% and a net margin of 32.58%.The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.60 EPS. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. On average, analysts anticipate that Marvell Technology, Inc. will post 3.04 EPS for the current year.

Marvell Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Friday, April 10th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, April 10th. Marvell Technology’s dividend payout ratio (DPR) is 7.79%.

Insider Buying and Selling

In other news, EVP Mark Casper sold 10,854 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $107.01, for a total value of $1,161,486.54. Following the transaction, the executive vice president owned 4,023 shares of the company’s stock, valued at approximately $430,501.23. This trade represents a 72.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Willem A. Meintjes sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $134.01, for a total transaction of $4,020,300.00. Following the completion of the transaction, the chief financial officer directly owned 154,111 shares in the company, valued at $20,652,415.11. This trade represents a 16.29% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. In the last ninety days, insiders have sold 241,060 shares of company stock worth $29,200,112. 0.19% of the stock is currently owned by company insiders.

Key Stories Impacting Marvell Technology

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

• Positive Sentiment: Bank of America and Goldman Sachs raised their price targets on Marvell, reinforcing optimism around AI networking, custom silicon, and data-center demand. BofA and Goldman Sachs reset Marvell stock price targets
• Positive Sentiment: Analysts and market coverage say Marvell’s optical and interconnect businesses could be a major hidden growth engine, with management reportedly lifting interconnect growth expectations to 50% for FY27. Marvell Technology Has a Hidden Growth Engine That Could Cause MRVL Stock to Skyrocket
• Positive Sentiment: New coverage says Marvell’s AI tailwinds remain strong, with demand for custom AI chips and data-center infrastructure continuing to accelerate. Marvell’s AI Tailwinds Are Heating Up. Is It Time to Buy the Breakout?
• Positive Sentiment: Reports also note that AMD disclosed a stake in Marvell, which may be read as validation of Marvell’s strategy and long-term opportunity. Robust Earnings Growth and Innovation Will Help the Marvell Stock Uptrend Keep Going

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.