Coldstream Capital Management Inc. Trims Position in Marvell Technology, Inc. $MRVL

Coldstream Capital Management Inc. lessened its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 33.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,456 shares of the semiconductor company’s stock after selling 5,830 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Marvell Technology were worth $974,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Laurel Wealth Advisors LLC bought a new position in Marvell Technology in the 4th quarter worth about $25,000. Elyxium Wealth LLC bought a new position in Marvell Technology in the 4th quarter worth about $40,000. Whittier Trust Co. of Nevada Inc. grew its stake in Marvell Technology by 98.0% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 493 shares of the semiconductor company’s stock worth $43,000 after acquiring an additional 244 shares in the last quarter. Strive Asset Management LLC bought a new position in Marvell Technology in the 3rd quarter worth about $42,000. Finally, Avalon Trust Co grew its stake in Marvell Technology by 70.6% in the 3rd quarter. Avalon Trust Co now owns 650 shares of the semiconductor company’s stock worth $55,000 after acquiring an additional 269 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MRVL has been the topic of a number of research analyst reports. Craig Hallum upped their target price on shares of Marvell Technology from $141.00 to $164.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Wells Fargo & Company upped their target price on shares of Marvell Technology from $135.00 to $195.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 20th. Benchmark restated a “buy” rating and issued a $130.00 target price on shares of Marvell Technology in a research note on Tuesday, March 31st. Compass Point set a $190.00 target price on shares of Marvell Technology in a research note on Tuesday. Finally, Oppenheimer upped their target price on shares of Marvell Technology from $170.00 to $200.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $158.76.

Marvell Technology Stock Performance

MRVL stock opened at $208.26 on Wednesday. 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 price of $139.40 and a 200 day moving average price of $103.70. The company has a market capitalization of $186.88 billion, a P/E ratio of 67.62, a PEG ratio of 1.64 and a beta of 2.25. Marvell Technology, Inc. has a 1-year low of $58.61 and a 1-year high of $217.45.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings data on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.01. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.21 billion. Marvell Technology had a return on equity of 14.22% and a net margin of 32.58%.The firm’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 earnings per share. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. As a group, equities research analysts forecast that Marvell Technology, Inc. will post 3.04 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Friday, April 10th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Friday, April 10th. Marvell Technology’s payout ratio is presently 7.79%.

Marvell Technology News Summary

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

• Positive Sentiment: HSBC upgraded Marvell to buy, saying the company is well positioned to benefit from AI networking demand and the broader AI infrastructure buildout.
• Positive Sentiment: Several analysts boosted price targets ahead of earnings, reinforcing bullish sentiment and helping push MRVL higher as investors bet on another strong quarter.
• Positive Sentiment: Preview coverage continues to highlight Marvell’s exposure to booming data center spending, with expectations for revenue growth and an earnings beat tied to AI demand.
• Neutral Sentiment: Marvell is scheduled to report earnings after the close on May 27, and options/preview coverage suggests traders are bracing for a sizable post-earnings move.
• Negative Sentiment: Despite the bullish setup, some commentary warns expectations are now very high after the stock’s sharp AI-driven rally, which could leave little room for disappointment.

Insider Transactions at Marvell Technology

In related news, insider Sandeep Bharathi sold 66,892 shares of Marvell Technology stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $130.35, for a total value of $8,719,372.20. Following the completion of the sale, the insider directly owned 55,199 shares in the company, valued at $7,195,189.65. The trade was a 54.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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. Also, CEO Matthew J. Murphy sold 7,500 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $177.26, for a total transaction 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 $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. 0.19% of the stock is currently owned by corporate insiders.

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.