Handelsbanken Fonder AB Decreases Position in Marvell Technology, Inc. $MRVL

Handelsbanken Fonder AB decreased its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 25.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 421,088 shares of the semiconductor company’s stock after selling 146,937 shares during the period. Handelsbanken Fonder AB’s holdings in Marvell Technology were worth $125,438,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of MRVL. State Street Corp increased its position in Marvell Technology by 7.9% in the fourth 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 last quarter. Geode Capital Management LLC lifted 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 buying an additional 97,624 shares during the last quarter. Norges Bank bought a new position in shares of Marvell Technology during the 4th quarter worth $895,455,000. Van ECK Associates Corp grew its stake in shares of Marvell Technology by 11.4% during the 4th quarter. Van ECK Associates Corp now owns 9,864,514 shares of the semiconductor company’s stock worth $838,286,000 after acquiring an additional 1,007,315 shares during the period. Finally, Northern Trust Corp increased its holdings in Marvell Technology by 9.7% in the 4th quarter. Northern Trust Corp now owns 6,798,272 shares of the semiconductor company’s stock worth $577,717,000 after acquiring an additional 598,920 shares during the last quarter. 83.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on MRVL shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $240.00 price objective on shares of Marvell Technology in a research note on Thursday, May 28th. Erste Group Bank downgraded shares of Marvell Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Benchmark boosted their price target on shares of Marvell Technology from $130.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Compass Point set a $190.00 price target on shares of Marvell Technology in a research note on Tuesday, May 26th. Finally, Scotiabank initiated coverage on shares of Marvell Technology in a report on Tuesday, May 26th. They issued an “outperform” rating for the company. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Marvell Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $245.45.

Marvell Technology Price Performance

Marvell Technology stock opened at $208.56 on Tuesday. The stock has a market cap of $182.45 billion, a price-to-earnings ratio of 71.42, a PEG ratio of 1.37 and a beta of 2.24. 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 business has a 50-day simple moving average of $243.57 and a 200 day simple moving average of $162.42. Marvell Technology, Inc. has a 52 week low of $61.44 and a 52 week high of $329.88.

Marvell Technology (NASDAQ:MRVL) last released 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. The firm had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The company’s revenue was up 27.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.62 EPS. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. On average, research analysts forecast that Marvell Technology, Inc. will post 3.07 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Friday, July 10th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Friday, July 10th. Marvell Technology’s dividend payout ratio (DPR) is currently 8.22%.

Insider Buying and Selling at Marvell Technology

In other news, CFO Willem A. Meintjes sold 4,000 shares of the stock in a transaction on 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 of the company’s stock, valued at $39,722,527. This represents a 1.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Chris Koopmans sold 10,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $180.50, for a total transaction of $1,805,000.00. Following the sale, the chief operating officer owned 227,941 shares in the company, valued at approximately $41,143,350.50. This trade represents a 4.20% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 45,981 shares of company stock valued at $10,012,942 over the last quarter. Company insiders own 0.12% of the company’s stock.

Key Marvell Technology News

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

• Positive Sentiment: Marvell is benefiting from a real data-center ramp, with demand for AI-related connectivity and custom silicon supporting the long-term growth outlook. The company’s latest quarterly revenue increased 27.6% year over year, and analysts remain focused on continued AI infrastructure spending. Marvell Technology Stock’s Multiple Leans On Profit From Below The Operating Line
• Positive Sentiment: Marvell initially rose in premarket trading as Wall Street assessed AI data-center demand ahead of the company’s upcoming earnings report, scheduled for Aug. 27. What’s Going On With Marvell Technology Stock Monday?
• Neutral Sentiment: A bullish investment thesis argues that Marvell’s AI interconnect opportunity could expand significantly, but the thesis also highlights that its elevated trailing and forward P/E ratios leave less room for execution problems or slower growth compared with Broadcom and Nvidia. Marvell vs. Broadcom and Nvidia
• Neutral Sentiment: Broader technology sentiment was influenced by scrutiny of Nvidia’s expanding AI investments and upcoming inflation data, which could affect interest-rate expectations and high-growth technology valuations. Nvidia Stock Slips as Its AI Investments Draw Fresh Scrutiny
• Negative Sentiment: Investors questioned whether Marvell’s high valuation is supported by operating performance, because a substantial portion of reported profit comes from below the operating line. That concern makes the stock particularly sensitive to any doubts about earnings quality or the pace of AI growth. Profit From Below the Operating Line
• Negative Sentiment: The latest market reaction reflected profit-taking and a broader reassessment of richly valued semiconductor stocks, with Marvell falling more than the broader market despite meeting recent earnings expectations. Why Marvell Technology Fell More Than the Broader Market

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.