Baader Bank Aktiengesellschaft Purchases Shares of 5,197 Marvell Technology, Inc. $MRVL

Baader Bank Aktiengesellschaft bought a new position in Marvell Technology, Inc. (NASDAQ:MRVLFree Report) during the first quarter, Holdings Channel reports. The firm bought 5,197 shares of the semiconductor company’s stock, valued at approximately $515,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MRVL. State Street Corp raised its holdings in shares of Marvell Technology by 7.9% during the 4th quarter. State Street Corp now owns 22,834,816 shares of the semiconductor company’s stock worth $1,940,503,000 after acquiring an additional 1,677,724 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Marvell Technology by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 12,108,452 shares of the semiconductor company’s stock valued at $1,025,185,000 after acquiring an additional 97,624 shares during the last quarter. Norges Bank purchased a new position in shares of Marvell Technology in the fourth quarter valued at $895,455,000. Van ECK Associates Corp increased its position in Marvell Technology by 11.4% in the fourth quarter. Van ECK Associates Corp now owns 9,864,514 shares of the semiconductor company’s stock worth $838,286,000 after purchasing an additional 1,007,315 shares during the last quarter. Finally, Northern Trust Corp increased its position in Marvell Technology by 9.7% in the fourth quarter. Northern Trust Corp now owns 6,798,272 shares of the semiconductor company’s stock worth $577,717,000 after purchasing an additional 598,920 shares during the last quarter. 83.51% of the stock is owned by institutional investors.

Insider Transactions at Marvell Technology

In other news, CEO Matthew J. Murphy sold 7,500 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $177.26, for a total transaction of $1,329,450.00. Following the transaction, the chief executive officer owned 739,397 shares in the company, valued at $131,065,512.22. This represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Willem A. Meintjes sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $175.24, for a total transaction of $700,960.00. Following the transaction, the chief financial officer owned 226,675 shares in the company, valued at $39,722,527. The trade was a 1.73% decrease in their position. 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 90 days, insiders have sold 45,981 shares of company stock worth $9,835,542. 0.12% of the stock is owned by corporate insiders.

Marvell Technology Trading Up 6.7%

MRVL stock opened at $207.96 on Wednesday. Marvell Technology, Inc. has a 12 month low of $61.44 and a 12 month high of $329.88. The firm’s 50-day moving average is $241.88 and its 200 day moving average is $151.14. The company has a market capitalization of $181.92 billion, a PE ratio of 71.22, a P/E/G ratio of 1.28 and a beta of 2.20. 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 (NASDAQ:MRVLGet Free Report) last issued its earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.41 billion. During the same period in the previous year, the company posted $0.62 EPS. Marvell Technology’s 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. On average, research analysts anticipate that Marvell Technology, Inc. will post 3.07 EPS for the current year.

Marvell Technology Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.1%. Marvell Technology’s payout ratio is presently 8.22%.

Analyst Upgrades and Downgrades

Several research firms have commented on MRVL. Susquehanna increased their price objective on shares of Marvell Technology from $100.00 to $230.00 and gave the company a “positive” rating in a research report on Tuesday, May 26th. Needham & Company LLC boosted their target price on shares of Marvell Technology from $118.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Royal Bank Of Canada restated an “outperform” rating and set a $360.00 target price on shares of Marvell Technology in a research report on Tuesday, July 7th. Raymond James Financial set a $235.00 price target on shares of Marvell Technology and gave the company a “strong-buy” rating in a report on Thursday, May 28th. Finally, Stifel Nicolaus lifted their price target on Marvell Technology from $321.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $245.45.

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Marvell Technology 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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