Advisors Management Group Inc. ADV Cuts Stock Holdings in Marvell Technology, Inc. $MRVL

Advisors Management Group Inc. ADV lowered its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 41.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 10,466 shares of the semiconductor company’s stock after selling 7,264 shares during the quarter. Advisors Management Group Inc. ADV’s holdings in Marvell Technology were worth $1,036,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of MRVL. Intech Investment Management LLC lifted its stake in Marvell Technology by 3.9% during the 1st quarter. Intech Investment Management LLC now owns 28,784 shares of the semiconductor company’s stock valued at $1,772,000 after acquiring an additional 1,085 shares in the last quarter. Baird Financial Group Inc. raised its holdings in shares of Marvell Technology by 22.7% in the second quarter. Baird Financial Group Inc. now owns 17,417 shares of the semiconductor company’s stock valued at $1,348,000 after purchasing an additional 3,221 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of Marvell Technology in the second quarter valued at about $354,000. Treasurer of the State of North Carolina lifted its position in shares of Marvell Technology by 3.0% during the second quarter. Treasurer of the State of North Carolina now owns 403,818 shares of the semiconductor company’s stock valued at $31,256,000 after purchasing an additional 11,572 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Marvell Technology by 1.0% during the second quarter. Alliancebernstein L.P. now owns 411,569 shares of the semiconductor company’s stock valued at $31,855,000 after purchasing an additional 4,060 shares in the last quarter. 83.51% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Sandeep Bharathi sold 66,892 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $130.35, for a total value of $8,719,372.20. Following the transaction, the insider owned 55,199 shares in the company, valued at approximately $7,195,189.65. This represents a 54.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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, EVP Mark Casper sold 10,000 shares of the stock in a transaction on Friday, April 17th. The shares were sold at an average price of $135.50, for a total value of $1,355,000.00. Following the transaction, the executive vice president directly owned 35,878 shares of the company’s stock, valued at approximately $4,861,469. This trade represents a 21.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 160,373 shares of company stock valued at $24,938,664 in the last quarter. 0.12% of the stock is currently owned by company insiders.

Marvell Technology News Summary

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

• Positive Sentiment: Marvell highlighted progress in its AI infrastructure business, with reports that its five AI growth engines support plans for about 40% revenue growth in fiscal 2027 and 45% in fiscal 2028. Article Title
• Positive Sentiment: Marvell also got a boost from analyst sentiment, with RBC Capital reaffirming a $360 price target as the AI-chip rebound lifted semiconductors broadly. Article Title
• Positive Sentiment: News that Marvell’s Tower PIC shipments for AI data-center optics reached 5 million units supports the view that demand for its optical and connectivity products remains strong. Article Title
• Neutral Sentiment: Shares were helped at times by a broader semiconductor rebound and improved market tone, including strength in the Nasdaq and AI-related stocks. Article Title
• Negative Sentiment: MRVL also slipped alongside other chip names ahead of SK Hynix’s U.S. trading debut, reflecting rotation and caution in the memory/AI chip space. Article Title
• Negative Sentiment: After a big advance over the past year, some investors and commentators are questioning whether Marvell’s valuation already reflects much of the AI optimism, which can weigh on the shares near term. Article Title

Analysts Set New Price Targets

Several research firms recently weighed in on MRVL. Morgan Stanley boosted their price target on shares of Marvell Technology from $172.00 to $195.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. KeyCorp lifted their target price on shares of Marvell Technology from $260.00 to $385.00 and gave the stock an “overweight” rating in a research report on Thursday, June 18th. Wall Street Zen downgraded Marvell Technology from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. Citigroup upped their target price on Marvell Technology from $118.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Finally, Raymond James Financial set a $235.00 target price on Marvell Technology and gave the company a “strong-buy” rating in a report on Thursday, May 28th. Three equities 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $244.97.

Marvell Technology Stock Performance

NASDAQ MRVL opened at $235.81 on Friday. Marvell Technology, Inc. has a 52-week low of $61.44 and a 52-week high of $329.88. The company has a 50-day simple moving average of $236.79 and a 200 day simple moving average of $144.93. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.66 and a current ratio of 3.28. The company has a market capitalization of $206.29 billion, a PE ratio of 80.76, a price-to-earnings-growth ratio of 1.59 and a beta of 2.20.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80. The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.41 billion. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The company’s revenue for the quarter was up 27.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 earnings per share. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. On average, research analysts predict that Marvell Technology, Inc. will post 3.07 EPS for the current year.

Marvell Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Friday, July 10th will be issued 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 8.22%.

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.