TD Asset Management Inc Has $23.07 Million Stock Position in Marvell Technology, Inc. $MRVL

TD Asset Management Inc boosted its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 2.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 271,478 shares of the semiconductor company’s stock after purchasing an additional 7,146 shares during the period. TD Asset Management Inc’s holdings in Marvell Technology were worth $23,070,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Faithward Advisors LLC raised its holdings in Marvell Technology by 2.1% in the 3rd quarter. Faithward Advisors LLC now owns 6,242 shares of the semiconductor company’s stock valued at $525,000 after acquiring an additional 126 shares during the period. South Plains Financial Inc. increased its holdings in shares of Marvell Technology by 1.6% during the third quarter. South Plains Financial Inc. now owns 8,454 shares of the semiconductor company’s stock worth $711,000 after purchasing an additional 130 shares during the period. Hazlett Burt & Watson Inc. increased its holdings in shares of Marvell Technology by 1.3% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 10,546 shares of the semiconductor company’s stock worth $896,000 after purchasing an additional 132 shares during the period. GeoWealth Management LLC increased its stake in Marvell Technology by 5.1% in the third quarter. GeoWealth Management LLC now owns 2,808 shares of the semiconductor company’s stock valued at $236,000 after acquiring an additional 135 shares during the last quarter. Finally, Parisi Gray Wealth Management increased its stake in Marvell Technology by 0.8% in the fourth quarter. Parisi Gray Wealth Management now owns 17,378 shares of the semiconductor company’s stock valued at $1,477,000 after acquiring an additional 143 shares during the last quarter. 83.51% of the stock is owned by institutional investors.

Marvell Technology Stock Performance

MRVL opened at $263.47 on Monday. Marvell Technology, Inc. has a 1-year low of $61.44 and a 1-year high of $324.20. The company has a current ratio of 3.28, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27. The company has a market cap of $230.48 billion, a P/E ratio of 90.23, a price-to-earnings-growth ratio of 1.72 and a beta of 2.29. The company has a fifty day moving average price of $164.84 and a two-hundred day moving average price of $112.76.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly 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 firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the previous year, the firm posted $0.62 earnings per share. The business’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. Analysts predict that Marvell Technology, Inc. will post 3.08 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Friday, April 10th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, April 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. Marvell Technology’s payout ratio is presently 8.22%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MRVL shares. Cantor Fitzgerald lifted their price objective on shares of Marvell Technology from $190.00 to $220.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Compass Point set a $190.00 price target on shares of Marvell Technology in a report on Tuesday, May 26th. Wall Street Zen lowered shares of Marvell Technology from a “buy” rating to a “hold” rating in a report on Sunday, March 15th. Benchmark lifted their price target on shares of Marvell Technology from $130.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Finally, Raymond James Financial set a $235.00 price target on shares of Marvell Technology and gave the stock a “strong-buy” rating in a report on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $218.58.

Insider Activity at Marvell Technology

In related news, CFO Willem A. Meintjes sold 4,000 shares of the business’s stock in a transaction dated 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 directly 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. The transaction was disclosed in a document filed 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, insider Sandeep Bharathi sold 66,892 shares of the business’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $130.35, for a total transaction of $8,719,372.20. Following the transaction, the insider owned 55,199 shares in the company, valued at approximately $7,195,189.65. This trade represents a 54.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Insiders sold a total of 255,060 shares of company stock valued at $31,959,772 over the last quarter. 0.12% of the stock is currently owned by company insiders.

Key Stories Impacting Marvell Technology

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

• Positive Sentiment: Raymond James raised its price target on Marvell to $235 from $105 and reiterated a Strong Buy rating, reflecting continued analyst confidence. Raymond James Raises its Price Target on Marvell (MRVL) to $235 from $105
• Neutral Sentiment: Marvell received unusual call-option activity, which may signal trader interest, but it does not by itself change the fundamental outlook.
• Neutral Sentiment: There was ongoing speculation that Marvell could be added to the S&P 500 in an upcoming index rebalancing, which could provide a passive-fund boost if it happens.
• Negative Sentiment: Broader chip stocks sold off after Broadcom’s outlook disappointed Wall Street, dragging MRVL down with the sector. Micron, Marvell, and Broadcom lead chipmakers’ premarket losses
• Negative Sentiment: Several reports warned that Marvell was overbought after its rapid run-up, making it vulnerable to profit-taking and a momentum unwind. Why Is Marvell Technology Stock Falling On Friday?

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.