Citizens Business Bank Lowers Stock Holdings in Marvell Technology, Inc. $MRVL

Citizens Business Bank reduced its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 6.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,696 shares of the semiconductor company’s stock after selling 2,584 shares during the quarter. Citizens Business Bank’s holdings in Marvell Technology were worth $4,031,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in MRVL. Mayflower Financial Advisors LLC grew its holdings in Marvell Technology by 1.7% in the 1st quarter. Mayflower Financial Advisors LLC now owns 4,109 shares of the semiconductor company’s stock valued at $407,000 after buying an additional 68 shares during the period. Bell Investment Advisors Inc lifted its holdings in shares of Marvell Technology by 12.9% during the 1st quarter. Bell Investment Advisors Inc now owns 628 shares of the semiconductor company’s stock worth $62,000 after acquiring an additional 72 shares during the period. Schear Investment Advisers LLC boosted its position in shares of Marvell Technology by 1.4% in the first quarter. Schear Investment Advisers LLC now owns 7,551 shares of the semiconductor company’s stock worth $748,000 after acquiring an additional 106 shares during the last quarter. Thoma Capital Management LLC boosted its position in shares of Marvell Technology by 1.3% in the first quarter. Thoma Capital Management LLC now owns 8,711 shares of the semiconductor company’s stock worth $863,000 after acquiring an additional 114 shares during the last quarter. Finally, Pittenger & Anderson Inc. grew its holdings in Marvell Technology by 61.5% in the first quarter. Pittenger & Anderson Inc. now owns 315 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 120 shares during the period. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

More Marvell Technology News

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

Analyst Ratings Changes

A number of research firms have weighed in on MRVL. Barclays increased their price target on shares of Marvell Technology from $150.00 to $275.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Raymond James Financial set a $235.00 price objective on Marvell Technology and gave the stock a “strong-buy” rating in a report on Thursday, May 28th. HSBC set a $300.00 target price on Marvell Technology and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Scotiabank began coverage on Marvell Technology in a research report on Tuesday, May 26th. They set an “outperform” rating for the company. Finally, Morgan Stanley upped their price target on Marvell Technology from $172.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $244.97.

Insider Buying and Selling

In other news, COO Chris Koopmans sold 10,000 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $281.92, for a total value of $2,819,200.00. Following the completion of the sale, the chief operating officer owned 227,754 shares in the company, valued at approximately $64,208,407.68. This trade represents a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Willem A. Meintjes sold 4,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $175.24, for a total value of $700,960.00. Following the sale, the chief financial officer owned 226,675 shares in the company, valued at approximately $39,722,527. The trade was a 1.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 160,373 shares of company stock valued at $24,938,664. 0.12% of the stock is owned by insiders.

Marvell Technology Price Performance

Marvell Technology stock opened at $235.81 on Monday. The firm has a fifty day moving average of $236.79 and a 200-day moving average of $145.36. Marvell Technology, Inc. has a 52-week low of $61.44 and a 52-week high of $329.88. The company has a quick ratio of 2.66, a current ratio of 3.28 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $206.29 billion, a P/E ratio of 80.76, a PEG ratio of 1.54 and a beta of 2.20.

Marvell Technology (NASDAQ:MRVL) last posted its earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. 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 business posted $0.62 EPS. The business’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. As a group, analysts predict that Marvell Technology, Inc. will post 3.07 EPS for the current year.

Marvell Technology Dividend Announcement

The business 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. The ex-dividend date of this dividend is Friday, July 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. Marvell Technology’s dividend payout ratio is presently 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.