The Manufacturers Life Insurance Company Sells 607,915 Shares of Marvell Technology, Inc. $MRVL

The Manufacturers Life Insurance Company lowered its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 31.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,323,705 shares of the semiconductor company’s stock after selling 607,915 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.15% of Marvell Technology worth $394,292,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Hilton Head Capital Partners LLC lifted its holdings in Marvell Technology by 978.3% during the first quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company’s stock worth $25,000 after buying an additional 225 shares during the period. Jessup Wealth Management Inc purchased a new stake in shares of Marvell Technology during the 4th quarter worth $25,000. Cherry Tree Wealth Management LLC bought a new stake in Marvell Technology during the fourth quarter valued at about $26,000. C M Bidwell & Associates Ltd. purchased a new position in Marvell Technology in the second quarter valued at about $27,000. Finally, MidFirst Bank purchased a new position in Marvell Technology in the fourth quarter valued at about $28,000. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on MRVL. Needham & Company LLC increased their price target on shares of Marvell Technology from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, August 28th. Evercore reiterated an “outperform” rating and set a $155.00 price objective on shares of Marvell Technology in a research note on Tuesday, May 19th. HSBC set a $300.00 target price on shares of Marvell Technology and gave the company a “buy” rating in a research report on Tuesday, May 26th. Piper Sandler started coverage on Marvell Technology in a research report on Wednesday. They set an “overweight” rating and a $270.00 price target on the stock. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $360.00 price objective on shares of Marvell Technology in a research report on Thursday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Marvell Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $270.47.

Key Marvell Technology News

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

• Positive Sentiment: Marvell’s CEO described the company as the “Switzerland” of AI, emphasizing relationships with Google, Nvidia and major cloud providers and arguing that Marvell is not dependent on a single customer or chip architecture. Marvell’s CEO Calls It the Switzerland of the AI Market
• Positive Sentiment: The company will showcase optical connectivity, memory expansion and PCIe 6.0 technologies at the AI Infra Summit, reinforcing its positioning as an infrastructure supplier helping data centers address AI bandwidth and latency bottlenecks. Marvell Takes On AI Bottlenecks with Next-Gen Data-Center Tech
• Positive Sentiment: Recent coverage remains bullish, citing repeated revenue-outlook increases, strong hyperscaler demand and the potential for substantial long-term upside as custom AI silicon and optical networking expand. Marvell Has Raised Its Growth Outlook 3 Times Since December
• Neutral Sentiment: Reports stating that short interest rose to zero shares are not meaningful indicators of investor positioning; the supplied figures show no measurable short position and a zero-day days-to-cover ratio.
• Negative Sentiment: Bearish commentary argues that Marvell’s business is becoming increasingly dependent on a narrower AI/custom-silicon opportunity, while competition from Broadcom and other chip suppliers could pressure growth and execution. Is Marvell The Broad Chip Business You Think You Own?
• Negative Sentiment: Although revenue guidance has improved, Marvell has not raised its non-GAAP gross-margin outlook. Investors are also concerned that the stock’s high earnings multiple already discounts substantial AI growth, making it sensitive to any slowdown or margin disappointment. Marvell Is Growing Faster And Its Margin Guide Is Standing Still

Marvell Technology Trading Down 3.4%

Shares of Marvell Technology stock opened at $226.96 on Friday. The firm’s 50 day simple moving average is $216.59 and its two-hundred day simple moving average is $186.07. The firm has a market capitalization of $199.02 billion, a price-to-earnings ratio of 74.90, a PEG ratio of 2.28 and a beta of 2.25. Marvell Technology, Inc. has a 12-month low of $66.14 and a 12-month high of $329.88. The company has a current ratio of 3.17, a quick ratio of 2.62 and a debt-to-equity ratio of 0.27.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.93 by $0.01. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the previous year, the firm posted $0.67 earnings per share. The business’s revenue for the quarter was up 36.5% compared to the same quarter last year. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Analysts predict that Marvell Technology, Inc. will post 3.03 EPS for the current year.

Marvell Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Friday, July 10th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. Marvell Technology’s dividend payout ratio is currently 7.92%.

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 stock was sold at an average price of $281.01, for a total value of $632,272.50. Following the sale, the chief financial officer owned 6,902 shares in the company, valued at $1,939,531.02. This represents a 24.58% decrease in their ownership of the stock. The sale 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 on Tuesday, June 16th. The stock was sold at an average price of $299.13, for a total transaction of $667,359.03. Following the sale, the insider directly owned 55,530 shares in the company, valued at $16,610,688.90. This trade represents 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 sold a total of 41,981 shares of company stock valued at $9,727,132 over the last three months. Company insiders own 0.12% of the company’s stock.

Marvell Technology Company Profile

Marvell Technology, Inc (NASDAQ: MRVL) is a semiconductor company that develops infrastructure solutions for data centers, cloud computing, communications networks, automotive applications and enterprise environments. Its products are designed to move, process, secure and store data across increasingly complex computing and networking systems.

The company’s portfolio includes networking and switching products, optical and electrical interconnect solutions, custom application-specific integrated circuits, storage controllers and processors.