Equitable Trust Co. Grows Holdings in Marvell Technology, Inc. $MRVL

Equitable Trust Co. increased its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 3.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,461 shares of the semiconductor company’s stock after buying an additional 2,338 shares during the period. Equitable Trust Co.’s holdings in Marvell Technology were worth $6,880,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC purchased a new stake in shares of Marvell Technology during the fourth quarter worth about $25,000. Hilton Head Capital Partners LLC boosted its holdings in Marvell Technology by 978.3% in the first quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 225 shares during the last quarter. Jessup Wealth Management Inc acquired a new stake in Marvell Technology during the 4th quarter valued at approximately $25,000. Cherry Tree Wealth Management LLC acquired a new stake in Marvell Technology during the 4th quarter valued at approximately $26,000. Finally, MidFirst Bank purchased a new stake in Marvell Technology during the 4th quarter worth approximately $28,000. 83.51% of the stock is owned by hedge funds and other institutional investors.

Marvell Technology Stock Performance

Marvell Technology stock opened at $243.27 on Friday. The company has a market cap of $212.81 billion, a PE ratio of 83.31, a P/E/G ratio of 1.52 and a beta of 2.20. The company has a fifty day moving average price of $235.20 and a two-hundred day moving average price of $144.29. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.28 and a quick ratio of 2.66. Marvell Technology, Inc. has a 12 month low of $61.44 and a 12 month high of $329.88.

Marvell Technology (NASDAQ:MRVL) last issued its earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.80. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The company 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 earnings per share. The firm’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. Research analysts expect that Marvell Technology, Inc. will post 3.07 earnings per share for the current year.

Marvell Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Friday, July 10th will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, July 10th. This represents a $0.24 annualized dividend and a yield of 0.1%. Marvell Technology’s dividend payout ratio is 8.22%.

Analyst Ratings Changes

A number of equities analysts have issued reports on MRVL shares. KeyCorp upped their target price on Marvell Technology from $260.00 to $385.00 and gave the company an “overweight” rating in a research report on Thursday, June 18th. Wall Street Zen lowered shares of Marvell Technology from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. Evercore reiterated an “outperform” rating and set a $155.00 price objective on shares of Marvell Technology in a research note on Tuesday, May 19th. Bank of America increased their price objective on shares of Marvell Technology from $240.00 to $365.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Finally, Scotiabank began coverage on shares of Marvell Technology in a research report on Tuesday, May 26th. They issued an “outperform” rating for the company. Three 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 company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $244.97.

Insider Transactions at Marvell Technology

In other Marvell Technology news, CEO Matthew J. Murphy sold 7,500 shares of Marvell Technology stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $177.26, for a total value of $1,329,450.00. Following the completion of the transaction, the chief executive officer directly owned 739,397 shares in the company, valued at $131,065,512.22. The trade was a 1.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Casper sold 10,000 shares of the company’s stock in a transaction that occurred 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 $4,861,469. This trade represents a 21.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 160,373 shares of company stock valued at $24,938,664 over the last ninety days. Insiders own 0.12% of the company’s stock.

Trending Headlines about Marvell Technology

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

• Positive Sentiment: MRVL is benefiting from a broad semiconductor rally, with traders buying back AI-related stocks after recent weakness and geopolitical fears eased. Broadcom, Intel, Corning, Marvell, and More Stocks That Explain Today’s Market
• Positive Sentiment: RBC Capital reaffirmed a $360 price target, reinforcing a bullish view that Marvell can keep benefiting from AI data center spending. Why Is Marvell Technology Stock Gaining Thursday?
• Positive Sentiment: Analysts continue to highlight Marvell as a key AI infrastructure supplier, citing custom chips, networking, optics, and strong partnerships as reasons the growth story remains intact. Zacks Investment Ideas feature highlights: Marvell Technology, Amazon, Alphabet and NVIDIA
• Positive Sentiment: Commentary around Marvell’s long-term upside has improved, with some market coverage calling it a potential major AI winner and emphasizing its role as the “nervous system” of AI data centers. Marvell: The Next Trillion Dollar AI Stock
• Positive Sentiment: Tower Semiconductor reported progress in photonics shipments to customers of Marvell, underscoring healthy demand in the optical connectivity ecosystem that supports Marvell’s AI data center business. Tower Semiconductor (TSEM) Advances AI Data Center Connectivity With Photonics Milestone

About Marvell Technology

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.