Baker Avenue Asset Management LP Grows Stock Position in Marvell Technology, Inc. $MRVL

Baker Avenue Asset Management LP lifted its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 30.8% in the fourth quarter, HoldingsChannel reports. The firm owned 240,889 shares of the semiconductor company’s stock after acquiring an additional 56,701 shares during the quarter. Baker Avenue Asset Management LP’s holdings in Marvell Technology were worth $20,471,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Laurel Wealth Advisors LLC purchased a new position in Marvell Technology in the fourth quarter valued at $25,000. Elyxium Wealth LLC purchased a new position in Marvell Technology in the fourth quarter valued at $40,000. Strive Asset Management LLC purchased a new position in Marvell Technology in the third quarter valued at $42,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in Marvell Technology by 98.0% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 493 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 244 shares during the period. Finally, Avalon Trust Co boosted its holdings in Marvell Technology by 70.6% in the third quarter. Avalon Trust Co now owns 650 shares of the semiconductor company’s stock valued at $55,000 after purchasing an additional 269 shares during the period. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Marvell Technology Stock Performance

Shares of MRVL stock opened at $198.70 on Thursday. The stock has a market capitalization of $178.30 billion, a PE ratio of 64.51, a price-to-earnings-growth ratio of 1.73 and a beta of 2.25. Marvell Technology, Inc. has a 52-week low of $58.61 and a 52-week high of $218.26. The stock’s 50-day moving average price is $141.54 and its 200 day moving average price is $104.44. The company has a quick ratio of 1.58, a current ratio of 2.01 and a debt-to-equity ratio of 0.28.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.80. The firm had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Marvell Technology had a return on equity of 14.22% and a net margin of 32.58%.The firm’s revenue for the quarter was up 27.6% on a year-over-year basis. 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. As a group, equities research analysts forecast that Marvell Technology, Inc. will post 3.04 EPS for the current year.

Marvell Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Friday, April 10th were given a dividend of $0.06 per share. The ex-dividend date was Friday, April 10th. This represents a $0.24 annualized dividend and a yield of 0.1%. 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: Marvell reported Q1 adjusted EPS of $0.80, matching Wall Street expectations, while revenue rose 28% year over year to a record $2.42 billion, slightly ahead of estimates. Article Title
• Positive Sentiment: The company said AI-related bookings were exceptionally strong and expects revenue growth to keep accelerating each quarter for the rest of the fiscal year, reinforcing the bullish AI growth narrative. Article Title
• Positive Sentiment: Marvell also guided Q2 EPS and revenue above consensus, signaling that demand from data-center and custom AI chips is still ramping. Article Title
• Positive Sentiment: Analysts raised price targets ahead of the report, including HSBC’s upgrade to buy and a new street-high $300 target, which helped fuel pre-earnings momentum. Article Title
• Neutral Sentiment: Profit was slimmer than a year ago because of acquisition-related costs, but investors appear focused more on AI-driven revenue growth and guidance than on near-term margin pressure. Article Title

Insider Activity at Marvell Technology

In other Marvell Technology news, CFO Willem A. Meintjes sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $134.01, for a total transaction of $4,020,300.00. Following the transaction, the chief financial officer owned 154,111 shares in the company, valued at approximately $20,652,415.11. The trade was a 16.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 30,000 shares of the business’s stock in a transaction that occurred on Thursday, March 26th. The stock was sold at an average price of $98.70, for a total value of $2,961,000.00. Following the transaction, the chief executive officer owned 310,106 shares in the company, valued at $30,607,462.20. The trade was a 8.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 245,060 shares of company stock worth $29,901,072 in the last three months. 0.12% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on MRVL. Deutsche Bank Aktiengesellschaft set a $120.00 target price on Marvell Technology in a report on Tuesday, February 10th. Barclays downgraded Marvell Technology from an “overweight” rating to a “positive” rating in a report on Tuesday. Zacks Research raised Marvell Technology from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Evercore reaffirmed an “outperform” rating and set a $155.00 price target on shares of Marvell Technology in a report on Tuesday, May 19th. Finally, UBS Group initiated coverage on Marvell Technology in a report on Tuesday. They set a “buy” rating for the company. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $165.79.

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.