Morningstar Investment Management LLC Sells 46,505 Shares of Marvell Technology, Inc. $MRVL

Morningstar Investment Management LLC lowered its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 58.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,019 shares of the semiconductor company’s stock after selling 46,505 shares during the quarter. Morningstar Investment Management LLC’s holdings in Marvell Technology were worth $2,806,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. William Blair Investment Management LLC boosted its stake in Marvell Technology by 480.6% in the 4th quarter. William Blair Investment Management LLC now owns 108,429 shares of the semiconductor company’s stock worth $9,214,000 after purchasing an additional 89,755 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Marvell Technology in the 4th quarter worth about $1,561,000. Prospera Financial Services Inc boosted its stake in Marvell Technology by 8.7% in the 4th quarter. Prospera Financial Services Inc now owns 22,973 shares of the semiconductor company’s stock worth $1,953,000 after purchasing an additional 1,831 shares during the period. Jefferies Financial Group Inc. bought a new position in Marvell Technology in the 4th quarter worth about $8,209,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Marvell Technology by 28.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 6,532 shares of the semiconductor company’s stock worth $555,000 after purchasing an additional 1,456 shares during the period. Institutional investors own 83.51% of the company’s stock.

Analyst Ratings Changes

MRVL has been the subject of several analyst reports. B. Riley Financial restated a “buy” rating on shares of Marvell Technology in a research note on Tuesday, May 12th. Wall Street Zen downgraded Marvell Technology from a “buy” rating to a “hold” rating in a research report on Sunday, March 15th. TD Cowen lifted their price target on Marvell Technology from $90.00 to $190.00 and gave the company a “hold” rating in a research report on Friday, May 15th. Deutsche Bank Aktiengesellschaft set a $120.00 price target on Marvell Technology in a research report on Tuesday, February 10th. Finally, Erste Group Bank began coverage on Marvell Technology in a research report on Thursday, April 2nd. They set a “buy” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Marvell Technology currently has an average rating of “Moderate Buy” and an average target price of $143.76.

Marvell Technology Price Performance

MRVL opened at $196.33 on Monday. The stock has a market cap of $176.17 billion, a PE ratio of 63.74, a P/E/G ratio of 1.64 and a beta of 2.25. The company has a quick ratio of 1.58, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. Marvell Technology, Inc. has a 52 week low of $58.61 and a 52 week high of $198.40. The business’s fifty day simple moving average is $134.82 and its 200 day simple moving average is $102.12.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Marvell Technology had a return on equity of 14.22% and a net margin of 32.58%.Marvell Technology’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period last year, the firm posted $0.60 EPS. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. As a group, research analysts expect that Marvell Technology, Inc. will post 3.04 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Friday, April 10th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, April 10th. Marvell Technology’s dividend payout ratio (DPR) is currently 7.79%.

Insider Activity at Marvell Technology

In related news, CFO Willem A. Meintjes sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $134.01, for a total transaction of $4,020,300.00. Following the transaction, the chief financial officer directly owned 154,111 shares of the company’s stock, valued at approximately $20,652,415.11. This trade represents a 16.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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, EVP Mark Casper sold 10,854 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $107.01, for a total value of $1,161,486.54. Following the transaction, the executive vice president directly owned 4,023 shares in the company, valued at approximately $430,501.23. This represents a 72.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 245,060 shares of company stock worth $29,901,072 in the last quarter. 0.19% of the stock is owned by company insiders.

Marvell Technology News Roundup

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

• Positive Sentiment: Analysts turned more constructive on Marvell, including Stifel raising its price target from $140 to $210 and Wells Fargo/citi also boosting forecasts, signaling strong confidence in the company’s AI-chip demand. What Is Going On With Marvell Stock On Friday?
• Positive Sentiment: Investor enthusiasm is being driven by Marvell’s exposure to custom AI silicon for major customers like Amazon Trainium and Microsoft Maia, which is fueling expectations for strong growth heading into earnings on May 27. What Is Going On With Marvell Stock On Friday?
• Positive Sentiment: Shares are also benefiting from a broader bid in chip stocks and reports of heavy institutional buying, adding momentum to the stock’s recent record run. See How Big Money, AI Push Marvell Higher
• Neutral Sentiment: With Q1 earnings approaching, investors are focused on whether Marvell can keep delivering on AI-driven data center demand and custom silicon growth, but competition remains a watch point. MRVL to Post Q1 Earnings: Time to Buy, Sell or Hold the Stock?

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.