Banco Santander S.A. Trims Stake in Marvell Technology, Inc. $MRVL

Banco Santander S.A. reduced its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 2.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 428,872 shares of the semiconductor company’s stock after selling 10,911 shares during the period. Banco Santander S.A.’s holdings in Marvell Technology were worth $36,446,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Clal Insurance Enterprises Holdings Ltd increased its holdings in Marvell Technology by 162.5% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,318,000 shares of the semiconductor company’s stock valued at $112,004,000 after buying an additional 816,000 shares during the last quarter. Allianz SE boosted its position in shares of Marvell Technology by 282.3% in the fourth quarter. Allianz SE now owns 9,557 shares of the semiconductor company’s stock worth $812,000 after purchasing an additional 7,057 shares during the period. Macquarie Group Ltd. boosted its position in shares of Marvell Technology by 5.4% during the fourth quarter. Macquarie Group Ltd. now owns 122,080 shares of the semiconductor company’s stock worth $10,374,000 after acquiring an additional 6,304 shares during the last quarter. Summit Financial LLC boosted its position in shares of Marvell Technology by 21.5% during the fourth quarter. Summit Financial LLC now owns 67,762 shares of the semiconductor company’s stock worth $5,758,000 after acquiring an additional 11,972 shares during the last quarter. Finally, United Capital Management of KS Inc. boosted its position in shares of Marvell Technology by 3.3% during the fourth quarter. United Capital Management of KS Inc. now owns 34,324 shares of the semiconductor company’s stock worth $2,917,000 after acquiring an additional 1,106 shares during the last quarter. 83.51% of the stock is owned by hedge funds and other institutional investors.

Marvell Technology Trading Down 0.4%

Shares of MRVL opened at $279.70 on Friday. Marvell Technology, Inc. has a twelve month low of $61.44 and a twelve month high of $324.20. The company has a market cap of $244.68 billion, a P/E ratio of 95.79, a P/E/G ratio of 1.83 and a beta of 2.29. The company has a current ratio of 3.28, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27. The company’s fifty day simple moving average is $182.49 and its 200-day simple moving average is $119.35.

Marvell Technology (NASDAQ:MRVL) last announced its 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. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The business 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 firm posted $0.62 earnings per share. 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. As a group, analysts expect that Marvell Technology, Inc. will post 3.08 EPS for the current year.

Marvell Technology Dividend Announcement

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

Insiders Place Their Bets

In related news, COO Chris Koopmans sold 10,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $205.87, for a total value of $2,058,700.00. Following the transaction, the chief operating officer owned 237,392 shares of the company’s stock, valued at $48,871,891.04. This trade represents a 4.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Casper sold 10,000 shares of the firm’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $135.50, for a total transaction of $1,355,000.00. Following the completion of the transaction, the executive vice president directly owned 35,878 shares in the company, valued at $4,861,469. This represents a 21.80% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 255,060 shares of company stock valued at $31,959,772. 0.12% of the stock is currently owned by company insiders.

Key Marvell Technology News

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

• Positive Sentiment: Marvell is set to join the S&P 500 on June 22, a move that can drive automatic buying from index funds and reinforce investor confidence in the company’s scale and profitability.
• Positive Sentiment: B. Riley raised its price target on Marvell to $345 and maintained a buy rating, signaling continued upside expectations for the AI-driven semiconductor business.
• Positive Sentiment: Erste Group lifted its FY2027 and FY2028 earnings estimates, reflecting higher expectations for Marvell’s long-term AI infrastructure growth.
• Positive Sentiment: Marvell’s appointment of Dan Durn as CFO, along with the company’s reaffirmed outlook, suggests management sees a stable transition while it continues pushing its AI growth strategy. Article: Marvell Taps Adobe CFO as AI Growth Push Continues
• Neutral Sentiment: Coverage across financial media continues to highlight Marvell as a major AI infrastructure name, which keeps the stock in focus but does not by itself change fundamentals.
• Neutral Sentiment: Some commentary notes that the stock has run up sharply and is trading at a premium valuation, which could lead to more volatility if expectations get too high.
• Negative Sentiment: Rosenblatt reaffirmed a buy rating but kept a $240 price target, which is below the current trading level and suggests some analysts see limited near-term upside from here.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MRVL shares. Benchmark upped their target price on shares of Marvell Technology from $130.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. William Blair restated an “outperform” rating on shares of Marvell Technology in a research report on Thursday, May 28th. Cantor Fitzgerald upped their target price on shares of Marvell Technology from $190.00 to $220.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Susquehanna upped their target price on shares of Marvell Technology from $100.00 to $230.00 and gave the stock a “positive” rating in a research report on Tuesday, May 26th. Finally, Wells Fargo & Company upped their target price on shares of Marvell Technology from $195.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $224.68.

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.