Mengis Capital Management Inc. Buys 22,179 Shares of Marvell Technology, Inc. $MRVL

Mengis Capital Management Inc. raised its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 105.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,249 shares of the semiconductor company’s stock after acquiring an additional 22,179 shares during the period. Mengis Capital Management Inc.’s holdings in Marvell Technology were worth $3,675,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of MRVL. Jessup Wealth Management Inc bought a new position in shares of Marvell Technology during the fourth quarter valued at about $25,000. Laurel Wealth Advisors LLC purchased a new stake in Marvell Technology in the 4th quarter valued at about $25,000. Cherry Tree Wealth Management LLC purchased a new stake in Marvell Technology in the 4th quarter valued at about $26,000. MidFirst Bank bought a new position in shares of Marvell Technology during the 4th quarter worth approximately $28,000. Finally, Ankerstar Wealth LLC bought a new position in shares of Marvell Technology during the 4th quarter worth approximately $34,000. 83.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Marvell Technology

In related news, COO Chris Koopmans sold 10,000 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $205.87, for a total transaction of $2,058,700.00. Following the sale, the chief operating officer owned 237,392 shares of the company’s stock, valued at approximately $48,871,891.04. This represents a 4.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 firm’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 completion of the transaction, the chief executive officer owned 739,397 shares of the company’s stock, valued at approximately $131,065,512.22. This represents a 1.00% decrease in their position. 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 257,291 shares of company stock worth $32,627,131 in the last 90 days. 0.12% of the stock is owned by company insiders.

Marvell Technology Price Performance

NASDAQ MRVL opened at $310.58 on Friday. 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 market cap of $271.70 billion, a PE ratio of 106.36, a price-to-earnings-growth ratio of 2.03 and a beta of 2.29. Marvell Technology, Inc. has a 52 week low of $61.44 and a 52 week high of $329.88. The firm’s 50-day simple moving average is $201.51 and its two-hundred day simple moving average is $126.81.

Marvell Technology (NASDAQ:MRVL) last issued its earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.80. The business had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The business’s revenue for the quarter was up 27.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.62 EPS. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. Research analysts predict that Marvell Technology, Inc. will post 3.07 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on MRVL. JPMorgan Chase & Co. increased their price target on Marvell Technology from $135.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Evercore reaffirmed an “outperform” rating and set a $155.00 target price on shares of Marvell Technology in a research report on Tuesday, May 19th. TD Cowen lifted their target price on Marvell Technology from $180.00 to $200.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. Cantor Fitzgerald increased their price target on shares of Marvell Technology from $190.00 to $220.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Finally, Compass Point set a $190.00 price objective on shares of Marvell Technology in a report on Tuesday, May 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $228.71.

Trending Headlines about Marvell Technology

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

• Positive Sentiment: Marvell is set to join the S&P 500 on June 22, which can drive demand from index funds and ETFs that track the benchmark.
• Positive Sentiment: Investor sentiment remains strong after Nvidia CEO Jensen Huang praised Marvell, reinforcing its role in AI infrastructure and custom chip design.
• Positive Sentiment: Recent analyst upgrades and sharply higher price targets suggest Wall Street sees more upside from Marvell’s AI networking and optical interconnect growth.
• Positive Sentiment: Marvell’s recent earnings and guidance continue to show solid demand, with revenue growth tied to data-center and custom-chip momentum.
• Neutral Sentiment: Several commentary pieces note that MRVL has run up quickly and may be trading at a demanding valuation, which could limit near-term upside even if the AI story stays intact.
• Neutral Sentiment: Technical notes suggest the stock remains in a strong uptrend near highs, but it may pause for consolidation after a steep move.
• Negative Sentiment: Marvell’s CFO filed to sell about $65 million of stock, and while insider sales can pressure sentiment, this looks like a large disclosure investors may view cautiously. Article: Marvell’s CFO Just Filed to Dump $65 Million of Stock
• Negative Sentiment: A separate insider sale by Sandeep Bharathi was also disclosed, though it was tied to a pre-arranged 10b5-1 plan and tax withholding, making it less concerning on its own.

Marvell Technology Profile

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.