Geneva Capital Management LLC Sells 18,654 Shares of Marvell Technology, Inc. $MRVL

Geneva Capital Management LLC trimmed its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 71.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,540 shares of the semiconductor company’s stock after selling 18,654 shares during the quarter. Geneva Capital Management LLC’s holdings in Marvell Technology were worth $2,246,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in Marvell Technology by 7.9% in the 4th quarter. State Street Corp now owns 22,834,816 shares of the semiconductor company’s stock worth $1,940,503,000 after acquiring an additional 1,677,724 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Marvell Technology by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 12,108,452 shares of the semiconductor company’s stock valued at $1,025,185,000 after acquiring an additional 97,624 shares during the last quarter. Norges Bank bought a new position in shares of Marvell Technology during the fourth quarter valued at about $895,455,000. Van ECK Associates Corp boosted its holdings in shares of Marvell Technology by 11.4% during the fourth quarter. Van ECK Associates Corp now owns 9,864,514 shares of the semiconductor company’s stock worth $838,286,000 after purchasing an additional 1,007,315 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Marvell Technology by 153.3% during the second quarter. Bank of New York Mellon Corp now owns 7,957,985 shares of the semiconductor company’s stock worth $2,370,604,000 after purchasing an additional 4,815,725 shares during the period. 83.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MRVL shares. UBS Group reduced their price target on Marvell Technology from $340.00 to $300.00 and set a “buy” rating on the stock in a report on Monday. Jefferies Financial Group increased their price objective on Marvell Technology from $149.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Wells Fargo & Company lifted their price objective on Marvell Technology from $195.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. The Goldman Sachs Group reissued a “neutral” rating and set a $195.00 target price on shares of Marvell Technology in a research note on Wednesday, August 12th. Finally, Melius Research set a $220.00 price target on Marvell Technology in a research note on Monday, May 18th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $244.81.

Marvell Technology Stock Performance

Shares of MRVL opened at $237.27 on Thursday. The company has a 50-day simple moving average of $235.18 and a two-hundred day simple moving average of $169.36. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.28 and a quick ratio of 2.66. The firm has a market capitalization of $207.56 billion, a PE ratio of 81.26, a price-to-earnings-growth ratio of 1.35 and a beta of 2.24. Marvell Technology, Inc. has a one year low of $61.44 and a one year high of $329.88.

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

Marvell Technology Announces Dividend

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

Insider Transactions at Marvell Technology

In other news, CFO Daniel Durn sold 2,250 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $281.01, for a total value of $632,272.50. Following the sale, the chief financial officer directly owned 6,902 shares of the company’s stock, valued at $1,939,531.02. This represents a 24.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sandeep Bharathi sold 2,231 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $299.13, for a total transaction of $667,359.03. Following the completion of the transaction, the insider owned 55,530 shares of the company’s stock, valued at approximately $16,610,688.90. The trade was a 3.86% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 41,981 shares of company stock worth $9,753,132 in the last ninety days. 0.12% of the stock is owned by company insiders.

Key Stories Impacting Marvell Technology

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

• Positive Sentiment: Marvell granted Alphabet’s Google a warrant to purchase up to 58.97 million MRVL shares at $206.58 each. If fully exercised, the warrant would represent approximately 6.7% of Marvell’s outstanding stock and a potential investment of roughly $12.2 billion, creating a strategic alignment with one of the largest AI infrastructure buyers. Marvell shares jump as Google warrant deepens AI chip partnership
• Positive Sentiment: The agreement covers technologies connected to Google’s Tensor Processing Unit ecosystem, including AI inference accelerators, networking and storage products, memory-interface controllers and near-memory computing. Reports describe the broader commercial opportunity as potentially worth as much as $120 billion through 2033, although the ultimate value depends on execution and customer demand. Marvell Technology expands Google AI partnership
• Positive Sentiment: Investors are interpreting the deal as validation of Marvell’s custom silicon, connectivity and memory technologies as hyperscalers increasingly design their own AI systems. Analysts including William Blair and Raymond James remained constructive, citing improved long-term AI revenue visibility.
• Neutral Sentiment: Marvell is scheduled to report fiscal second-quarter results on August 27. Consensus expectations reportedly call for approximately $2.71 billion in revenue and about $0.87 in earnings per share, placing a high execution bar after the stock’s substantial rally.
• Negative Sentiment: The Google warrant could eventually increase Marvell’s share count, creating dilution for existing shareholders. In addition, MRVL trades at an elevated valuation—about 81 times earnings based on the supplied data—while the CEO recently sold 7,500 shares under a pre-arranged Rule 10b5-1 plan. These factors may increase volatility if results or guidance disappoint.

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.