Arrowpoint Investment Partners Singapore Pte. Ltd. Makes New $2.33 Million Investment in Marvell Technology, Inc. $MRVL

Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVLFree Report) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 27,413 shares of the semiconductor company’s stock, valued at approximately $2,330,000. Marvell Technology accounts for approximately 0.3% of Arrowpoint Investment Partners Singapore Pte. Ltd.’s investment portfolio, making the stock its 25th largest position.

A number of other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Marvell Technology by 23.5% during the third quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock worth $6,692,830,000 after purchasing an additional 15,166,976 shares during the period. Wilson Asset Management International PTY Ltd. raised its position in Marvell Technology by 20.4% in the fourth quarter. Wilson Asset Management International PTY Ltd. now owns 134,642 shares of the semiconductor company’s stock worth $11,442,000 after acquiring an additional 22,837 shares in the last quarter. Varma Mutual Pension Insurance Co raised its position in Marvell Technology by 25.4% in the fourth quarter. Varma Mutual Pension Insurance Co now owns 158,588 shares of the semiconductor company’s stock worth $13,477,000 after acquiring an additional 32,130 shares in the last quarter. Equitable Trust Co. raised its position in Marvell Technology by 23.3% in the third quarter. Equitable Trust Co. now owns 68,254 shares of the semiconductor company’s stock worth $5,738,000 after acquiring an additional 12,916 shares in the last quarter. Finally, Lombard Odier Asset Management USA Corp raised its position in Marvell Technology by 60.5% in the third quarter. Lombard Odier Asset Management USA Corp now owns 32,032 shares of the semiconductor company’s stock worth $2,693,000 after acquiring an additional 12,076 shares in the last quarter. 83.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Marvell Technology

In other news, COO Chris Koopmans sold 10,000 shares of Marvell Technology stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $110.24, for a total transaction of $1,102,400.00. Following the sale, the chief operating officer directly owned 133,870 shares of the company’s stock, valued at approximately $14,757,828.80. The trade was a 6.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew J. Murphy sold 30,000 shares of Marvell Technology stock in a transaction dated Thursday, March 26th. The stock was sold at an average price of $98.70, for a total value of $2,961,000.00. Following the sale, the chief executive officer directly owned 310,106 shares in the company, valued at approximately $30,607,462.20. The trade was a 8.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 255,060 shares of company stock valued at $31,959,772 over the last 90 days. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

MRVL has been the subject of several research analyst reports. Raymond James Financial set a $235.00 price objective on Marvell Technology and gave the stock a “strong-buy” rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. raised their price target on Marvell Technology from $135.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Citigroup raised their price target on Marvell Technology from $118.00 to $215.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Morgan Stanley raised their price target on Marvell Technology from $172.00 to $195.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Finally, Evercore restated an “outperform” rating and issued a $155.00 price target on shares of Marvell Technology in a research report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $218.58.

Read Our Latest Report on MRVL

Marvell Technology Stock Up 4.9%

Shares of NASDAQ:MRVL opened at $316.43 on Friday. 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, Inc. has a 52-week low of $61.44 and a 52-week high of $324.20. The stock’s fifty day simple moving average is $161.54 and its 200-day simple moving average is $111.50. The company has a market capitalization of $276.81 billion, a P/E ratio of 108.37, a P/E/G ratio of 1.99 and a beta of 2.29.

Marvell Technology (NASDAQ:MRVLGet Free Report) last issued its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.80. The business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.41 billion. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The business’s revenue was up 27.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.62 earnings per share. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. As a group, equities research analysts forecast that Marvell Technology, Inc. will post 3.05 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

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

Key Headlines Impacting Marvell Technology

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Marvell Technology Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Marvell Technology (NASDAQ:MRVL)

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