Westmount Partners LLC Invests $1.32 Million in Marvell Technology, Inc. $MRVL

Westmount Partners LLC bought a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,354 shares of the semiconductor company’s stock, valued at approximately $1,323,000.

Several other hedge funds have also recently added to or reduced their stakes in MRVL. Keel Point LLC lifted its stake 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 acquiring an additional 124 shares during the last quarter. Faithward Advisors LLC grew its holdings in Marvell Technology by 2.1% during the 3rd quarter. Faithward Advisors LLC now owns 6,242 shares of the semiconductor company’s stock worth $525,000 after acquiring an additional 126 shares in the last quarter. SouthState Bank Corp increased its position in shares of Marvell Technology by 17.6% in 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 last quarter. South Plains Financial Inc. increased its position 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. raised its holdings in shares of Marvell Technology by 1.3% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 10,546 shares of the semiconductor company’s stock valued at $896,000 after purchasing an additional 132 shares in the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on MRVL shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marvell Technology in a research report on Friday, March 27th. Cantor Fitzgerald increased their target price on Marvell Technology from $190.00 to $220.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Erste Group Bank started coverage on Marvell Technology in a research note on Thursday, April 2nd. They issued a “buy” rating on the stock. Barclays raised their price target on Marvell Technology from $150.00 to $275.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Finally, Evercore reaffirmed an “outperform” rating and set a $155.00 price objective on shares of Marvell Technology in a research report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $228.71.

Insider Transactions at Marvell Technology

In other Marvell Technology news, 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 transaction of $1,329,450.00. Following the transaction, the chief executive officer directly owned 739,397 shares of the company’s stock, valued at approximately $131,065,512.22. This trade represents a 1.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Willem A. Meintjes sold 4,000 shares of Marvell Technology stock in a transaction on Friday, May 15th. The shares were sold at an average price of $175.24, for a total transaction of $700,960.00. Following the completion of the transaction, the chief financial officer owned 226,675 shares in the company, valued at approximately $39,722,527. This represents a 1.73% 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. Insiders have sold 257,291 shares of company stock worth $32,627,131 over the last 90 days. 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 set to join the S&P 500 on June 22, which can drive demand from index funds and ETFs that track the benchmark.
• Positive Sentiment: Investor sentiment remains strong after Nvidia CEO Jensen Huang praised Marvell, reinforcing its role in AI infrastructure and custom chip design.
• Positive Sentiment: Recent analyst upgrades and sharply higher price targets suggest Wall Street sees more upside from Marvell’s AI networking and optical interconnect growth.
• Positive Sentiment: Marvell’s recent earnings and guidance continue to show solid demand, with revenue growth tied to data-center and custom-chip momentum.
• Neutral Sentiment: Several commentary pieces note that MRVL has run up quickly and may be trading at a demanding valuation, which could limit near-term upside even if the AI story stays intact.
• Neutral Sentiment: Technical notes suggest the stock remains in a strong uptrend near highs, but it may pause for consolidation after a steep move.
• Negative Sentiment: Marvell’s CFO filed to sell about $65 million of stock, and while insider sales can pressure sentiment, this looks like a large disclosure investors may view cautiously. Article: Marvell’s CFO Just Filed to Dump $65 Million of Stock
• Negative Sentiment: A separate insider sale by Sandeep Bharathi was also disclosed, though it was tied to a pre-arranged 10b5-1 plan and tax withholding, making it less concerning on its own.

Marvell Technology Stock Performance

MRVL opened at $310.58 on Friday. The company has a quick ratio of 2.66, a current ratio of 3.28 and a debt-to-equity ratio of 0.27. Marvell Technology, Inc. has a 52 week low of $61.44 and a 52 week high of $329.88. The business’s 50 day moving average is $201.51 and its two-hundred day moving average is $126.81. The firm has a market cap of $271.70 billion, a price-to-earnings ratio of 106.36, a price-to-earnings-growth ratio of 2.03 and a beta of 2.29.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate 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 period in the prior year, the company earned $0.62 earnings per share. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. On average, research analysts predict that Marvell Technology, Inc. will post 3.07 EPS for the current year.

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.