Tempo Wealth LLC Takes Position in Marvell Technology, Inc. $MRVL

Tempo Wealth LLC bought a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,466 shares of the semiconductor company’s stock, valued at approximately $549,000.

Other large investors have also made changes to their positions in the company. Keel Point LLC increased its position in Marvell Technology by 2.2% in the fourth quarter. Keel Point LLC now owns 5,649 shares of the semiconductor company’s stock worth $480,000 after purchasing an additional 124 shares during the period. Faithward Advisors LLC lifted its position in Marvell Technology by 2.1% during the 3rd quarter. Faithward Advisors LLC now owns 6,242 shares of the semiconductor company’s stock valued at $525,000 after purchasing an additional 126 shares during the period. SouthState Bank Corp lifted its position in Marvell Technology by 17.6% during the 4th quarter. SouthState Bank Corp now owns 863 shares of the semiconductor company’s stock valued at $73,000 after purchasing an additional 129 shares during the period. South Plains Financial Inc. boosted its stake in shares of Marvell Technology by 1.6% in the 3rd quarter. South Plains Financial Inc. now owns 8,454 shares of the semiconductor company’s stock valued at $711,000 after purchasing an additional 130 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. grew its position in shares of Marvell Technology by 1.3% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 10,546 shares of the semiconductor company’s stock worth $896,000 after buying an additional 132 shares during the period. Institutional investors and hedge funds own 83.51% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on MRVL. Barclays boosted 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. KGI Securities raised shares of Marvell Technology from a “neutral” rating to an “outperform” rating and set a $110.00 target price for the company in a report on Friday, March 6th. Bank of America upped their target price on shares of Marvell Technology from $200.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Scotiabank initiated coverage on Marvell Technology in a research report on Tuesday, May 26th. They issued an “outperform” rating on the stock. Finally, KeyCorp lifted their price objective on Marvell Technology from $260.00 to $385.00 and gave the stock an “overweight” rating in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $228.71.

Insider Buying and Selling

In other news, insider Sandeep Bharathi sold 2,231 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $299.13, for a total transaction of $667,359.03. Following the sale, the insider owned 55,530 shares of the company’s stock, valued at $16,610,688.90. This trade represents a 3.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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, CFO Willem A. Meintjes sold 4,000 shares of Marvell Technology 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 transaction, the chief financial officer owned 226,675 shares in the company, valued at $39,722,527. This trade represents a 1.73% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 257,291 shares of company stock valued at $32,627,131. 0.12% of the stock is owned by company insiders.

Marvell Technology Trading Up 7.3%

Shares of NASDAQ MRVL opened at $310.58 on Friday. Marvell Technology, Inc. has a twelve month low of $61.44 and a twelve month high of $329.88. The stock has a market cap of $271.70 billion, a price-to-earnings ratio of 106.36, a P/E/G ratio of 1.90 and a beta of 2.29. 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 company’s fifty day moving average is $197.58 and its 200-day moving average is $125.51.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, meeting analysts’ consensus estimates of $0.80. The business had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The firm’s quarterly revenue was up 27.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 EPS. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. Equities research analysts predict that Marvell Technology, Inc. will post 3.07 EPS for the current year.

Key Marvell Technology News

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

• Positive Sentiment: KeyBanc raised its price target on Marvell by 48% to $385 and kept an Overweight rating, reinforcing confidence in the company’s optical networking and AI infrastructure opportunity. Marvell Stock (MRVL) Soars after Top Analyst Boosts Price Target by 48%
• Positive Sentiment: News that Marvell plans to use TSMC’s next-generation 1.4-nanometer technology, plus a major shipment milestone and upcoming S&P 500 inclusion, added to the bullish momentum. Why Marvell Technology (MRVL) Stock Is Up Today
• Positive Sentiment: Marvell said it shipped over 5 million photonic chips, highlighting demand in AI data-center infrastructure and strengthening the company’s growth narrative. MRVL Stock Rises Premarket: Marvell Ships Over 5M Photonic Chips Ahead Of S&P 500 Entry
• Positive Sentiment: The company’s June 22 entry into the S&P 500 is expected to trigger passive-fund and ETF buying, which can create additional demand for the shares. Marvell, Flex Could Be Days Away From Massive Passive-Fund Tailwind
• Neutral Sentiment: Recent coverage says Marvell’s AI momentum is real, but the stock may already be expensive after a huge run, which could limit further upside in the near term. Marvell Stock Analysis: My Final Verdict
• Neutral Sentiment: An insider sale was disclosed, but it was made under a pre-arranged trading plan and for tax withholding, so it appears routine rather than a negative signal. Insider trade disclosure

Marvell Technology Company 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.