Assenagon Asset Management S.A. Raises Stock Holdings in Marvell Technology, Inc. $MRVL

Assenagon Asset Management S.A. grew its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 669.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,391,623 shares of the semiconductor company’s stock after buying an additional 1,210,651 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Marvell Technology were worth $137,840,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Laurel Wealth Advisors LLC acquired a new position in shares of Marvell Technology during the 4th quarter worth about $25,000. Jessup Wealth Management Inc acquired a new stake in Marvell Technology in the 4th quarter worth about $25,000. Cherry Tree Wealth Management LLC purchased a new stake in Marvell Technology during the 4th quarter worth approximately $26,000. MidFirst Bank purchased a new stake in Marvell Technology during the 4th quarter worth approximately $28,000. Finally, Ankerstar Wealth LLC acquired a new position in shares of Marvell Technology during the fourth quarter valued at approximately $34,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Marvell Technology

In other news, CFO Willem A. Meintjes sold 30,000 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $134.01, for a total value of $4,020,300.00. Following the completion of the sale, the chief financial officer owned 154,111 shares of the company’s stock, valued at $20,652,415.11. This represents a 16.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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, COO Chris Koopmans sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 owned 133,870 shares of the company’s stock, valued at $14,757,828.80. This represents a 6.95% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 185,127 shares of company stock valued at $25,874,325 over the last ninety days. Corporate insiders own 0.12% of the company’s stock.

Marvell Technology Stock Down 1.3%

Shares of MRVL opened at $275.40 on Thursday. Marvell Technology, Inc. has a 52-week low of $61.44 and a 52-week high of $329.88. The company has a market capitalization of $240.92 billion, a PE ratio of 94.32, a price-to-earnings-growth ratio of 1.83 and a beta of 2.29. The stock has a fifty day simple moving average of $211.16 and a two-hundred day simple moving average of $131.08. 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 posted its quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, hitting 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 for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the previous year, the firm earned $0.62 EPS. The company’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. As a group, equities analysts forecast that Marvell Technology, Inc. will post 3.07 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. The Goldman Sachs Group set a $180.00 price target on Marvell Technology in a research note on Thursday, May 28th. Loop Capital upgraded Marvell Technology to a “strong-buy” rating in a report on Tuesday, June 16th. B. Riley Financial lifted their target price on shares of Marvell Technology from $240.00 to $345.00 and gave the stock a “buy” rating in a research note on Friday, June 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marvell Technology in a report on Friday, March 27th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $240.00 target price on shares of Marvell Technology in a research report on Thursday, May 28th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $233.68.

More Marvell Technology News

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

• Positive Sentiment: Bank of America and KeyBanc both raised their price targets on Marvell, reflecting confidence in the company’s AI networking and data-center growth opportunity. Benzinga report
• Positive Sentiment: Coverage continues to emphasize Marvell’s role in AI infrastructure, especially its networking and bandwidth solutions, which supports the stock’s recent rally. Insider Monkey article
• Neutral Sentiment: Several articles note that Marvell’s huge run-up in 2026 means the stock may already be pricing in much of the AI optimism, which could limit near-term upside if growth expectations cool. Yahoo Finance article
• Negative Sentiment: CFO Daniel Durn sold 2,250 shares, a small insider sale that may slightly temper sentiment even though it does not change the broader bullish thesis. SEC filing

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.