Alpine Global Management LLC Purchases New Shares in Marvell Technology, Inc. $MRVL

Alpine Global Management LLC bought a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 13,270 shares of the semiconductor company’s stock, valued at approximately $1,128,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Norges Bank purchased a new position in shares of Marvell Technology during the 4th quarter worth approximately $895,455,000. Ameriprise Financial Inc. lifted its stake in shares of Marvell Technology by 59.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 16,624,827 shares of the semiconductor company’s stock valued at $1,397,751,000 after purchasing an additional 6,217,952 shares during the period. Franklin Resources Inc. boosted its position in shares of Marvell Technology by 47.0% during the third quarter. Franklin Resources Inc. now owns 11,903,051 shares of the semiconductor company’s stock valued at $1,000,689,000 after purchasing an additional 3,805,431 shares in the last quarter. Rafferty Asset Management LLC boosted its position in shares of Marvell Technology by 111.0% during the second quarter. Rafferty Asset Management LLC now owns 5,810,359 shares of the semiconductor company’s stock valued at $449,722,000 after purchasing an additional 3,056,808 shares in the last quarter. Finally, Capital Research Global Investors grew its stake in Marvell Technology by 177.9% in the fourth quarter. Capital Research Global Investors now owns 4,551,249 shares of the semiconductor company’s stock worth $386,765,000 after purchasing an additional 2,913,368 shares during the period. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on MRVL. Stifel Nicolaus set a $321.00 price objective on Marvell Technology in a report on Tuesday, June 2nd. Erste Group Bank began coverage on shares of Marvell Technology in a report on Thursday, April 2nd. They set a “buy” rating on the stock. 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, May 28th. Scotiabank started coverage on shares of Marvell Technology in a research note on Tuesday, May 26th. They issued an “outperform” rating for the company. Finally, JPMorgan Chase & Co. lifted their price target on shares of Marvell Technology from $135.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Marvell Technology has a consensus rating of “Moderate Buy” and an average target price of $228.71.

Marvell Technology Stock Performance

Shares of Marvell Technology stock opened at $310.58 on Friday. The stock has a market cap of $271.70 billion, a price-to-earnings ratio of 106.36, a PEG ratio of 1.90 and a beta of 2.29. The firm’s 50-day moving average is $197.58 and its 200 day moving average is $125.51. Marvell Technology, Inc. has a 1 year low of $61.44 and a 1 year high of $329.88. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.28 and a quick ratio of 2.66.

Marvell Technology (NASDAQ:MRVL) last announced 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. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The company had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter last year, the firm earned $0.62 earnings per share. The firm’s quarterly revenue was up 27.6% compared to the same quarter last year. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. Sell-side analysts anticipate that Marvell Technology, Inc. will post 3.07 EPS for the current fiscal year.

Insider Transactions at Marvell Technology

In other Marvell Technology news, CEO Matthew J. Murphy sold 7,500 shares of the firm’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 sale, the chief executive officer directly owned 739,397 shares of the company’s stock, valued at $131,065,512.22. This trade represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Willem A. Meintjes sold 4,000 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $175.24, for a total value of $700,960.00. Following the completion of the transaction, the chief financial officer owned 226,675 shares in the company, valued at $39,722,527. The trade was a 1.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 257,291 shares of company stock valued at $32,627,131. Company insiders own 0.12% of the company’s stock.

Key Stories Impacting Marvell Technology

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

• Positive Sentiment: KeyBanc raised its price target on Marvell by 48% to $385 and kept an Overweight rating, reinforcing confidence in the company’s optical networking and AI infrastructure opportunity. Marvell Stock (MRVL) Soars after Top Analyst Boosts Price Target by 48%
• Positive Sentiment: News that Marvell plans to use TSMC’s next-generation 1.4-nanometer technology, plus a major shipment milestone and upcoming S&P 500 inclusion, added to the bullish momentum. Why Marvell Technology (MRVL) Stock Is Up Today
• Positive Sentiment: Marvell said it shipped over 5 million photonic chips, highlighting demand in AI data-center infrastructure and strengthening the company’s growth narrative. MRVL Stock Rises Premarket: Marvell Ships Over 5M Photonic Chips Ahead Of S&P 500 Entry
• Positive Sentiment: The company’s June 22 entry into the S&P 500 is expected to trigger passive-fund and ETF buying, which can create additional demand for the shares. Marvell, Flex Could Be Days Away From Massive Passive-Fund Tailwind
• Neutral Sentiment: Recent coverage says Marvell’s AI momentum is real, but the stock may already be expensive after a huge run, which could limit further upside in the near term. Marvell Stock Analysis: My Final Verdict
• Neutral Sentiment: An insider sale was disclosed, but it was made under a pre-arranged trading plan and for tax withholding, so it appears routine rather than a negative signal. Insider trade disclosure

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.