Heartland Bank & Trust Co Buys New Position in Marvell Technology, Inc. $MRVL

Heartland Bank & Trust Co bought a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 3,151 shares of the semiconductor company’s stock, valued at approximately $312,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Marvell Technology during the fourth quarter worth about $895,455,000. Rafferty Asset Management LLC grew its holdings in shares of Marvell Technology by 111.0% in the second quarter. Rafferty Asset Management LLC now owns 5,810,359 shares of the semiconductor company’s stock valued at $449,722,000 after purchasing an additional 3,056,808 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of Marvell Technology by 177.9% in the fourth quarter. Capital Research Global Investors now owns 4,551,249 shares of the semiconductor company’s stock valued at $386,765,000 after purchasing an additional 2,913,368 shares in the last quarter. AQR Capital Management LLC increased its stake in Marvell Technology by 397.3% during the 4th quarter. AQR Capital Management LLC now owns 2,172,943 shares of the semiconductor company’s stock worth $184,657,000 after buying an additional 1,736,006 shares during the period. Finally, State Street Corp increased its stake in 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 buying an additional 1,677,724 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: Erste Group raised its FY2028 earnings estimate for Marvell, signaling continued confidence in long-term profitability even after the recent selloff.
• Positive Sentiment: Several articles highlighted Marvell’s AI infrastructure exposure, record data-center revenue, and strong design wins, which could support a rebound if AI spending remains robust. Article reference
• Neutral Sentiment: Recent commentary framed Marvell as a key AI infrastructure beneficiary, but also noted that the stock’s valuation leaves little room for execution mistakes. Article reference
• Neutral Sentiment: Broader tech volatility and a sharp semiconductor selloff have weighed on sentiment across the group, including Marvell, even as some analysts remain constructive. Article reference
• Negative Sentiment: Erste Group downgraded Marvell to Hold on valuation concerns, and multiple reports said the stock has been falling more steeply than the broader market amid AI capex slowdown fears. Article reference
• Negative Sentiment: Market commentary also warned that Marvell’s “real risk” is its elevated valuation and heavy dependence on AI infrastructure spending, which could magnify downside if growth expectations cool. Article reference

Analysts Set New Price Targets

Several equities analysts have commented on the stock. KeyCorp raised their price target on shares of Marvell Technology from $385.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday. HSBC set a $300.00 price objective on Marvell Technology and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Melius Research set a $220.00 price objective on Marvell Technology in a research note on Monday, May 18th. Oppenheimer lifted their target price on Marvell Technology from $200.00 to $250.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. Finally, Evercore reissued an “outperform” rating and set a $155.00 target price on shares of Marvell Technology in a research note on Tuesday, May 19th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $245.45.

Insider Activity

In related news, insider Sandeep Bharathi sold 2,231 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $299.13, for a total value of $667,359.03. Following the transaction, the insider owned 55,530 shares of the company’s stock, valued at $16,610,688.90. This represents a 3.86% decrease in their ownership of the stock. The transaction was disclosed in a filing 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, CEO Matthew J. Murphy sold 7,500 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $177.26, for a total value of $1,329,450.00. Following the completion of the sale, the chief executive officer owned 739,397 shares in the company, valued at approximately $131,065,512.22. This represents a 1.00% 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. In the last quarter, insiders have sold 45,981 shares of company stock valued at $9,835,542. Insiders own 0.12% of the company’s stock.

Marvell Technology Stock Up 0.2%

Shares of Marvell Technology stock opened at $188.68 on Friday. Marvell Technology, Inc. has a 52-week low of $61.44 and a 52-week high of $329.88. The company has a 50 day moving average of $240.52 and a 200 day moving average of $149.07. 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 has a market capitalization of $165.06 billion, a P/E ratio of 64.62, a P/E/G ratio of 1.24 and a beta of 2.20.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The company had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter in the previous year, the business posted $0.62 EPS. The firm’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. As a group, research analysts forecast that Marvell Technology, Inc. will post 3.07 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Friday, July 10th will be paid a dividend of $0.06 per share. The ex-dividend date 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%.

About Marvell Technology

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.