Forsta AP Fonden Sells 4,500 Shares of Marvell Technology, Inc. $MRVL

Forsta AP Fonden lowered its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 181,800 shares of the semiconductor company’s stock after selling 4,500 shares during the period. Forsta AP Fonden’s holdings in Marvell Technology were worth $15,449,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Marvell Technology by 23.5% during the 3rd quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock valued at $6,692,830,000 after acquiring an additional 15,166,976 shares in the last quarter. Wilson Asset Management International PTY Ltd. raised its position in shares of Marvell Technology by 20.4% in the 4th quarter. Wilson Asset Management International PTY Ltd. now owns 134,642 shares of the semiconductor company’s stock worth $11,442,000 after acquiring an additional 22,837 shares in the last quarter. Varma Mutual Pension Insurance Co lifted its stake in shares of Marvell Technology by 25.4% in the 4th quarter. Varma Mutual Pension Insurance Co now owns 158,588 shares of the semiconductor company’s stock valued at $13,477,000 after purchasing an additional 32,130 shares during the period. Equitable Trust Co. boosted its position in shares of Marvell Technology by 23.3% during the third quarter. Equitable Trust Co. now owns 68,254 shares of the semiconductor company’s stock valued at $5,738,000 after purchasing an additional 12,916 shares in the last quarter. Finally, Lombard Odier Asset Management USA Corp boosted its position in shares of Marvell Technology by 60.5% during the third quarter. Lombard Odier Asset Management USA Corp now owns 32,032 shares of the semiconductor company’s stock valued at $2,693,000 after purchasing an additional 12,076 shares in the last quarter. 83.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on MRVL. Citigroup increased their price objective on Marvell Technology from $118.00 to $215.00 and gave the stock a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. boosted their target price on shares of Marvell Technology from $135.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday. Jefferies Financial Group upped their target price on shares of Marvell Technology from $149.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday. The Goldman Sachs Group set a $180.00 price target on shares of Marvell Technology in a research note on Thursday. Finally, KeyCorp lifted their price target on shares of Marvell Technology from $130.00 to $260.00 and gave the company an “overweight” rating in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $212.34.

Marvell Technology Trading Up 0.1%

Marvell Technology stock opened at $205.00 on Friday. Marvell Technology, Inc. has a 12 month low of $58.61 and a 12 month high of $218.26. The company has a market capitalization of $183.95 billion, a price-to-earnings ratio of 70.21, a price-to-earnings-growth ratio of 1.71 and a beta of 2.25. The business’s fifty day simple moving average is $146.17 and its two-hundred day simple moving average is $105.94. The company has a current ratio of 2.01, a quick ratio of 1.58 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 for the quarter, meeting the consensus estimate of $0.80. The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.41 billion. Marvell Technology had a return on equity of 14.89% and a net margin of 28.99%.The company’s revenue was up 27.6% on a year-over-year basis. During the same period last year, the company earned $0.62 earnings per share. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. As a group, equities analysts predict that Marvell Technology, Inc. will post 3.05 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Friday, April 10th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, April 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 Willem A. Meintjes sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $134.01, for a total value 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. This represents a 16.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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, COO Chris Koopmans sold 10,000 shares of the stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $110.24, for a total transaction of $1,102,400.00. Following the sale, the chief operating officer owned 133,870 shares in the company, valued at approximately $14,757,828.80. The trade was a 6.95% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 245,060 shares of company stock valued at $29,901,072. 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 posted record quarterly revenue, met EPS estimates, and raised its outlook on accelerating AI-related data center demand, reinforcing the bull case for MRVL.
• Positive Sentiment: A wave of analyst price-target increases, including multiple firms moving targets into the $225-$275 range, signals growing Wall Street confidence in Marvell’s AI growth story.
• Positive Sentiment: Coverage highlighted Marvell’s expanding opportunities in networking chips, custom silicon, interconnect, and optical solutions as AI infrastructure spending continues to rise.
• Neutral Sentiment: Some analysts say the stock’s strong rally has already priced in a lot of good news, making valuation a key question for investors after the earnings move.
• Negative Sentiment: Gross margin expansion is slowing as custom chip costs rise and competition intensifies, which could limit earnings leverage if revenue growth cools.

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.