Annex Advisory Services LLC Sells 35,698 Shares of Marvell Technology, Inc. $MRVL

Annex Advisory Services LLC lessened its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 62.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,065 shares of the semiconductor company’s stock after selling 35,698 shares during the quarter. Annex Advisory Services LLC’s holdings in Marvell Technology were worth $6,275,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Accel Wealth Management increased its position in Marvell Technology by 3.9% in the 2nd quarter. Accel Wealth Management now owns 4,110 shares of the semiconductor company’s stock valued at $1,224,000 after acquiring an additional 155 shares during the period. Whitener Capital Management Inc. raised its stake in shares of Marvell Technology by 11.6% during the second quarter. Whitener Capital Management Inc. now owns 3,165 shares of the semiconductor company’s stock valued at $943,000 after acquiring an additional 330 shares during the last quarter. Taylor & Morgan Wealth Management LLC acquired a new position in shares of Marvell Technology during the second quarter worth $747,000. Farrell Financial LLC acquired a new position in shares of Marvell Technology during the second quarter worth $297,000. Finally, E. Ohman J or Asset Management AB grew its stake in shares of Marvell Technology by 7.3% in the second quarter. E. Ohman J or Asset Management AB now owns 39,567 shares of the semiconductor company’s stock worth $11,787,000 after purchasing an additional 2,700 shares during the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MRVL has been the subject of a number of recent research reports. The Goldman Sachs Group set a $180.00 price objective on Marvell Technology in a report on Thursday, May 28th. Barclays upped their price target on Marvell Technology from $150.00 to $275.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Compass Point set a $190.00 price target on Marvell Technology in a research note on Tuesday, May 26th. William Blair reissued an “outperform” rating on shares of Marvell Technology in a research note on Thursday, May 28th. Finally, Oppenheimer raised their price objective on Marvell Technology from $200.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Marvell Technology currently has an average rating of “Moderate Buy” and a consensus price target of $245.45.

Trending Headlines about Marvell Technology

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

• Positive Sentiment: Marvell’s expanded alliance with NVIDIA, including a reported $2 billion investment, could strengthen its position in AI infrastructure and improve its ability to compete with Broadcom and Astera Labs. Can MRVL’s NVDA Alliance Help it Challenge ALAB & AVGO?
• Positive Sentiment: Microsoft’s reported plan to secure capacity for more than 300,000 Maia 300 AI chips in 2027 could create a substantial opportunity for Marvell as a potential custom-silicon and infrastructure supplier. Microsoft’s Maia 300 Could Be a Win for Marvell and TSMC
• Positive Sentiment: Analysts see Marvell as a possible beneficiary of AMD’s Helios rack-scale AI systems and Microsoft’s broader in-house-chip strategy, supporting the longer-term data-center growth narrative. Marvell Could Be Next Winner in Microsoft AI Bet
• Neutral Sentiment: Marvell’s next major catalyst is its August 27 earnings release. Investors are weighing strong AI data-center demand against the risks of elevated expectations and competition from Broadcom. What’s Going On With Marvell Technology Stock Monday?
• Negative Sentiment: Recent selling reflects valuation concerns: analysts note that part of Marvell’s reported profitability comes from below-operating-line items, making the stock’s high multiple more dependent on future growth and execution. Marvell Technology Stock’s Multiple Leans On Profit From Below The Operating Line
• Negative Sentiment: The stock has recently decreased more than the broader market as investors reassess the gap between its strong AI rally and its current fundamentals. Competition, high expectations and questions about the pace of the data-center ramp remain headwinds. Here’s Why Marvell Technology Fell More Than the Broader Market

Marvell Technology Stock Performance

MRVL stock opened at $212.31 on Wednesday. The stock has a 50-day moving average price of $242.00 and a 200-day moving average price of $163.33. Marvell Technology, Inc. has a 1-year low of $61.44 and a 1-year high of $329.88. The company has a current ratio of 3.28, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27. The firm has a market cap of $185.73 billion, a PE ratio of 72.71, a price-to-earnings-growth ratio of 1.30 and a beta of 2.24.

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

Marvell Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Friday, July 10th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $0.24 annualized dividend and a yield of 0.1%. Marvell Technology’s payout ratio is 8.22%.

Insiders Place Their Bets

In other news, CFO Daniel Durn sold 2,250 shares of Marvell Technology stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $281.01, for a total value of $632,272.50. Following the completion of the sale, the chief financial officer owned 6,902 shares in the company, valued at $1,939,531.02. The trade was a 24.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Chris Koopmans sold 10,000 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $180.50, for a total transaction of $1,805,000.00. Following the transaction, the chief operating officer owned 227,941 shares in the company, valued at $41,143,350.50. The trade was a 4.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 38,481 shares of company stock valued at $8,683,492 over the last 90 days. 0.12% of the stock is currently owned by corporate insiders.

Marvell Technology Company 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.