Apollon Wealth Management LLC Purchases 2,311 Shares of Marvell Technology, Inc. $MRVL

Apollon Wealth Management LLC lifted its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 7.3% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 33,945 shares of the semiconductor company’s stock after buying an additional 2,311 shares during the quarter. Apollon Wealth Management LLC’s holdings in Marvell Technology were worth $3,362,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of MRVL. Laurel Wealth Advisors LLC bought a new stake in Marvell Technology during the fourth quarter valued at about $25,000. Hilton Head Capital Partners LLC grew its position in shares of Marvell Technology by 978.3% during the first quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 225 shares in the last quarter. Jessup Wealth Management Inc bought a new stake in Marvell Technology during the 4th quarter valued at approximately $25,000. Cherry Tree Wealth Management LLC purchased a new position in Marvell Technology in the 4th quarter worth approximately $26,000. Finally, MidFirst Bank purchased a new position in Marvell Technology in the 4th quarter worth approximately $28,000. Institutional investors own 83.51% of the company’s stock.

Marvell Technology News Roundup

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

• Positive Sentiment: UBS kept its Buy rating and lifted its price target, highlighting Marvell’s growing opportunity in the data-center CXL market and reinforcing the bullish case for AI-driven connectivity demand. Article link
• Positive Sentiment: Erste Group raised its FY2028 EPS estimate for Marvell, adding to expectations that earnings will keep improving as AI infrastructure spending expands. Article link
• Positive Sentiment: Recent articles emphasized Marvell’s role in the broader custom ASIC and AI buildout theme, which is keeping momentum strong after a powerful multi-week rally. Article link
• Neutral Sentiment: Investors are debating whether the stock’s sharp recent run leaves room for further upside or raises the risk of profit-taking after a very strong month. Article link
• Negative Sentiment: Some market commentary notes that MRVL’s explosive rally could attract short-term selling from investors looking to lock in gains, especially after the stock’s outsized move higher. Article link

Analysts Set New Price Targets

A number of brokerages have issued reports on MRVL. Evercore reaffirmed an “outperform” rating and set a $155.00 price objective on shares of Marvell Technology in a report on Tuesday, May 19th. Oppenheimer boosted their target price on shares of Marvell Technology from $200.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. JPMorgan Chase & Co. upped their target price on shares of Marvell Technology from $135.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Wall Street Zen downgraded shares of Marvell Technology from a “buy” rating to a “hold” rating in a report on Sunday, March 15th. Finally, Craig Hallum boosted their price target 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. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $239.81.

Marvell Technology Price Performance

MRVL stock opened at $297.89 on Wednesday. Marvell Technology, Inc. has a 52 week low of $61.44 and a 52 week high of $329.88. The firm has a market capitalization of $260.59 billion, a P/E ratio of 102.02, a price-to-earnings-growth ratio of 1.82 and a beta of 2.29. The company has a fifty day simple moving average of $222.81 and a two-hundred day simple moving average of $136.37. The company has a quick ratio of 2.66, a current ratio of 3.28 and a debt-to-equity ratio of 0.27.

Marvell Technology (NASDAQ:MRVL) last announced its 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. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The firm had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the prior year, the company earned $0.62 EPS. The business’s 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. Analysts anticipate that Marvell Technology, Inc. will post 3.07 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Friday, July 10th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, July 10th. Marvell Technology’s dividend payout ratio (DPR) is presently 8.22%.

Insiders Place Their Bets

In other news, CFO Willem A. Meintjes sold 4,000 shares of Marvell Technology stock in a transaction that occurred on Friday, May 15th. The stock was 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 approximately $39,722,527. The trade was a 1.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Daniel Durn sold 2,250 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $281.01, for a total value of $632,272.50. Following the transaction, the chief financial officer directly owned 6,902 shares in the company, valued at approximately $1,939,531.02. This represents a 24.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 178,127 shares of company stock worth $25,138,555. 0.12% of the stock is currently owned by company insiders.

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.