2,033 Shares in Marvell Technology, Inc. $MRVL Purchased by Appleton Partners Inc. MA

Appleton Partners Inc. MA purchased a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) in the first quarter, HoldingsChannel.com reports. The institutional investor purchased 2,033 shares of the semiconductor company’s stock, valued at approximately $201,000.

Several other institutional investors have also recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Marvell Technology in the 4th quarter valued at approximately $895,455,000. Ameriprise Financial Inc. increased its holdings in Marvell Technology by 59.7% during the third quarter. Ameriprise Financial Inc. now owns 16,624,827 shares of the semiconductor company’s stock worth $1,397,751,000 after buying an additional 6,217,952 shares during the last quarter. Franklin Resources Inc. increased its holdings in Marvell Technology by 47.0% during the third quarter. Franklin Resources Inc. now owns 11,903,051 shares of the semiconductor company’s stock worth $1,000,689,000 after buying an additional 3,805,431 shares during the last quarter. Rafferty Asset Management LLC raised its position in 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 worth $449,722,000 after acquiring an additional 3,056,808 shares in the last quarter. Finally, Capital Research Global Investors lifted 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 valued at $386,765,000 after acquiring an additional 2,913,368 shares during the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Melius Research set a $220.00 price objective on shares of Marvell Technology in a research note on Monday, May 18th. Benchmark lifted their price target on Marvell Technology from $130.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Evercore reissued an “outperform” rating and set a $155.00 price target on shares of Marvell Technology in a research report on Tuesday, May 19th. Wall Street Zen lowered Marvell Technology from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. Finally, Cantor Fitzgerald raised their price objective on Marvell Technology from $220.00 to $300.00 and gave the company a “neutral” rating in a research report on Monday, June 29th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $239.81.

Insider Buying and Selling

In other Marvell Technology news, COO Chris Koopmans sold 10,000 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $281.92, for a total transaction of $2,819,200.00. Following the transaction, the chief operating officer owned 227,754 shares in the company, valued at $64,208,407.68. This represents a 4.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandeep Bharathi sold 2,231 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $299.13, for a total transaction of $667,359.03. Following the transaction, the insider directly owned 55,530 shares in the company, valued at $16,610,688.90. This represents a 3.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Insiders have sold a total of 160,373 shares of company stock valued at $24,938,664 in the last 90 days. 0.12% of the stock is currently owned by corporate insiders.

Marvell Technology Price Performance

Shares of NASDAQ MRVL opened at $249.27 on Tuesday. The firm has a market cap of $218.06 billion, a P/E ratio of 85.37, a price-to-earnings-growth ratio of 1.61 and a beta of 2.20. The company has a current ratio of 3.28, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27. Marvell Technology, Inc. has a 1-year low of $61.44 and a 1-year high of $329.88. The business’s 50 day moving average is $230.60 and its 200-day moving average is $141.09.

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

Marvell Technology Dividend Announcement

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

Key Headlines Impacting Marvell Technology

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

• Positive Sentiment: Marvell is being highlighted as a key AI infrastructure beneficiary, with articles noting that its custom AI silicon, networking, and photonics products could capture more demand as hyperscalers scale AI clusters. Marvell Is Quietly Chasing Broadcom’s AI Jackpot, and Wall Street Is Finally Waking Up
• Positive Sentiment: Reports that Nvidia’s Kyber NVL144 production delay may open room for alternative AI hardware suppliers have put Marvell in focus as a potential winner, since it could benefit from customers seeking other options. Marvell Stock Surging on Monday: What’s Behind the Jump?
• Positive Sentiment: UBS raised its price target on Marvell to $340 from $230 and kept a Buy rating, reinforcing the view that Wall Street sees further upside in the stock. UBS Raises Price Target for Marvell Technology (MRVL)
• Positive Sentiment: Nvidia CEO Jensen Huang’s comments calling Marvell a potential next $1 trillion stock added to the bullish narrative around Marvell’s long-term AI opportunity. Jensen Huang Just Named Marvell the Next $1 Trillion Stock. Is the Stock a Buy Following a 129% Surge?
• Neutral Sentiment: Several commentary pieces focused on Marvell’s ambitious long-term valuation potential and “trillion-dollar” roadmap, which supports sentiment but does not change near-term fundamentals by itself. Marvell Technology Has Trillion-Dollar Ambitions. Here Is What the Timeline Could Look Like.
• Neutral Sentiment: One market recap noted Marvell finished the session modestly higher, consistent with the broader rebound in chip stocks and improving sentiment across the semiconductor sector. Marvell Technology (MRVL) Exceeds Market Returns: Some Facts to Consider

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.