Marvell Technology, Inc. $MRVL Shares Sold by Zweig DiMenna Associates LLC

Zweig DiMenna Associates LLC trimmed its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 245,428 shares of the semiconductor company’s stock after selling 3,571 shares during the quarter. Marvell Technology makes up 1.3% of Zweig DiMenna Associates LLC’s portfolio, making the stock its 19th biggest holding. Zweig DiMenna Associates LLC’s holdings in Marvell Technology were worth $20,856,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in MRVL. Intech Investment Management LLC raised its holdings in shares of Marvell Technology by 3.9% in the first quarter. Intech Investment Management LLC now owns 28,784 shares of the semiconductor company’s stock worth $1,772,000 after acquiring an additional 1,085 shares during the last quarter. Baird Financial Group Inc. raised its holdings in shares of Marvell Technology by 22.7% in the second quarter. Baird Financial Group Inc. now owns 17,417 shares of the semiconductor company’s stock worth $1,348,000 after acquiring an additional 3,221 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in shares of Marvell Technology in the second quarter worth $354,000. Treasurer of the State of North Carolina increased its stake in Marvell Technology by 3.0% in the second quarter. Treasurer of the State of North Carolina now owns 403,818 shares of the semiconductor company’s stock valued at $31,256,000 after purchasing an additional 11,572 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in Marvell Technology by 1.0% in the second quarter. Alliancebernstein L.P. now owns 411,569 shares of the semiconductor company’s stock valued at $31,855,000 after purchasing an additional 4,060 shares during the last quarter. 83.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Marvell Technology

In other Marvell Technology news, COO Chris Koopmans sold 10,000 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $162.76, for a total transaction of $1,627,600.00. Following the completion of the sale, the chief operating officer directly owned 209,592 shares in the company, valued at $34,113,193.92. This represents a 4.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew J. Murphy sold 7,500 shares of the company’s stock in a transaction dated 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 owned 739,397 shares of the company’s stock, valued at $131,065,512.22. This represents 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 245,060 shares of company stock valued at $29,901,072 over the last three months. Insiders own 0.12% of the company’s stock.

More Marvell Technology News

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

• Positive Sentiment: Marvell posted record quarterly revenue, met EPS estimates, and raised its outlook on accelerating AI-related data center demand, reinforcing the bull case for MRVL.
• Positive Sentiment: A wave of analyst price-target increases, including multiple firms moving targets into the $225-$275 range, signals growing Wall Street confidence in Marvell’s AI growth story.
• Positive Sentiment: Coverage highlighted Marvell’s expanding opportunities in networking chips, custom silicon, interconnect, and optical solutions as AI infrastructure spending continues to rise.
• Neutral Sentiment: Some analysts say the stock’s strong rally has already priced in a lot of good news, making valuation a key question for investors after the earnings move.
• Negative Sentiment: Gross margin expansion is slowing as custom chip costs rise and competition intensifies, which could limit earnings leverage if revenue growth cools.

Marvell Technology Stock Performance

Shares of NASDAQ:MRVL opened at $205.00 on Friday. The firm has a market capitalization of $183.95 billion, a PE ratio of 70.21, a P/E/G ratio of 1.71 and a beta of 2.25. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.58. The business has a 50-day moving average of $146.17 and a two-hundred day moving average of $105.94. Marvell Technology, Inc. has a 12 month low of $58.61 and a 12 month high of $218.26.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80. The company had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.41 billion. Marvell Technology had a return on equity of 14.89% and a net margin of 28.99%.The firm’s revenue was up 27.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.62 earnings per share. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. As a group, research analysts forecast that Marvell Technology, Inc. will post 3.04 earnings per share for the current year.

Marvell Technology Announces Dividend

The company also recently declared 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. The ex-dividend date was Friday, April 10th. This represents a $0.24 annualized dividend and a yield of 0.1%. Marvell Technology’s dividend payout ratio is currently 8.22%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MRVL. KGI Securities upgraded Marvell Technology from a “neutral” rating to an “outperform” rating and set a $110.00 target price for the company in a research note on Friday, March 6th. Royal Bank Of Canada upped their target price on Marvell Technology from $170.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. B. Riley Financial reiterated a “buy” rating on shares of Marvell Technology in a research note on Tuesday, May 12th. Bank of America upped their target price on Marvell Technology from $200.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday. Finally, TD Cowen upped their target price on Marvell Technology from $180.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Marvell Technology presently has a consensus rating of “Moderate Buy” and an average target price of $212.34.

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.