Wellington Management Group LLP Sells 1,508,404 Shares of Marvell Technology, Inc. $MRVL

Wellington Management Group LLP decreased its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 68.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 694,426 shares of the semiconductor company’s stock after selling 1,508,404 shares during the period. Wellington Management Group LLP’s holdings in Marvell Technology were worth $206,863,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in MRVL. C M Bidwell & Associates Ltd. bought a new position in Marvell Technology during the second quarter worth about $27,000. Aberdeen Wealth Management LLC bought a new stake in shares of Marvell Technology in the second quarter worth about $30,000. Tompkins Financial Corp bought a new stake in shares of Marvell Technology in the second quarter worth about $31,000. LifeSteps Financial Inc. acquired a new stake in shares of Marvell Technology during the second quarter worth about $32,000. Finally, Cetera Trust Company N.A acquired a new stake in shares of Marvell Technology during the second quarter worth about $37,000. Institutional investors own 83.51% of the company’s stock.

Marvell Technology Stock Down 2.3%

Shares of Marvell Technology stock opened at $211.66 on Tuesday. The business’s 50 day simple moving average is $225.30 and its 200 day simple moving average is $178.14. Marvell Technology, Inc. has a 52-week low of $61.44 and a 52-week high of $329.88. The firm has a market cap of $185.16 billion, a PE ratio of 69.85, a P/E/G ratio of 1.35 and a beta of 2.24. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.62 and a current ratio of 3.17.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.01. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.72 billion. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%.The business’s revenue was up 36.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.67 EPS. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. On average, analysts predict that Marvell Technology, Inc. will post 3.08 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Friday, July 10th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, July 10th. This represents a $0.24 annualized dividend and a yield of 0.1%. Marvell Technology’s dividend payout ratio is presently 7.92%.

Key Marvell Technology News

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

• Positive Sentiment: Marvell reported record fiscal Q2 results, with revenue of $2.74 billion, up 36.5% year over year, and adjusted EPS of $0.94, slightly exceeding analyst expectations. The company also raised revenue guidance for fiscal 2027 and 2028, reinforcing expectations for continued AI-related growth. Marvell Stock Set Several New Records in Q2
• Positive Sentiment: A major Google agreement for custom AI silicon is viewed by bullish commentators as a potentially transformational contract. The associated warrant and long-term relationship could support future revenue visibility and shareholder returns. Marvell and Google: Misplaced Fear Should Drive Your Purchase Decision
• Positive Sentiment: Several analysts and opinion writers remain constructive, citing upward earnings-estimate revisions, custom-chip bookings, and consensus price targets that imply substantial upside. Needham also raised its target to $300. Wall Street Analysts Believe Marvell Could Rally

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Craig Hallum boosted their price objective on Marvell Technology from $217.00 to $300.00 and gave the company a “buy” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $240.00 target price on shares of Marvell Technology in a report on Thursday, May 28th. BMO Capital Markets started coverage on shares of Marvell Technology in a research note on Thursday, August 20th. They issued an “outperform” rating and a $250.00 price target on the stock. DA Davidson set a $225.00 price objective on shares of Marvell Technology in a research report on Tuesday, August 18th. Finally, Barclays restated an “overweight” rating on shares of Marvell Technology in a report on Thursday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $265.76.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, insider Sandeep Bharathi sold 2,231 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $299.13, for a total transaction of $667,359.03. Following the sale, the insider directly owned 55,530 shares of the company’s stock, valued at $16,610,688.90. The trade was a 3.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 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, COO Chris Koopmans sold 10,000 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $180.50, for a total transaction of $1,805,000.00. Following the transaction, the chief operating officer owned 227,941 shares of the company’s stock, valued at approximately $41,143,350.50. This represents a 4.20% 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. Over the last ninety days, insiders have sold 31,981 shares of company stock worth $7,694,432. Company insiders own 0.12% of the company’s stock.

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.