32,983 Shares in Marvell Technology, Inc. $MRVL Bought by AG2R LA Mondiale Gestion D Actifs

AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 32,983 shares of the semiconductor company’s stock, valued at approximately $1,985,000.

Other institutional investors have also bought and sold shares of the company. Chelsea Counsel Co. bought a new stake in Marvell Technology during the fourth quarter worth $44,000. Bernard Wealth Management Corp. bought a new position in Marvell Technology in the 4th quarter valued at $45,000. Hughes Financial Services LLC bought a new position in Marvell Technology in the 1st quarter valued at $26,000. Financial Connections Group Inc. grew its stake in Marvell Technology by 776.0% in the 1st quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 388 shares during the period. Finally, Rossby Financial LCC bought a new position in Marvell Technology in the 1st quarter valued at $27,000. Institutional investors own 83.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MRVL. The Goldman Sachs Group began coverage on Marvell Technology in a research note on Thursday, July 10th. They issued a “neutral” rating and a $75.00 price objective for the company. Barclays restated an “overweight” rating and issued a $80.00 price objective on shares of Marvell Technology in a research note on Friday, August 29th. TD Cowen upped their price objective on Marvell Technology from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, May 30th. B. Riley restated a “buy” rating and issued a $115.00 price objective (up previously from $110.00) on shares of Marvell Technology in a research note on Wednesday, June 18th. Finally, Redburn Atlantic began coverage on Marvell Technology in a research note on Wednesday, May 28th. They issued a “neutral” rating and a $67.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $90.50.

Marvell Technology Stock Up 1.1%

Shares of NASDAQ MRVL opened at $67.35 on Friday. Marvell Technology, Inc. has a one year low of $47.08 and a one year high of $127.48. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44. The business’s fifty day moving average price is $72.57 and its 200-day moving average price is $68.05. The stock has a market capitalization of $58.06 billion, a PE ratio of -518.08, a P/E/G ratio of 0.80 and a beta of 1.85.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, meeting analysts’ consensus estimates of $0.67. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the prior year, the firm earned $0.30 EPS. The business’s revenue for the quarter was up 57.6% compared to the same quarter last year. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, equities research analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Insider Buying and Selling

In related news, CAO Panteha Dixon sold 1,283 shares of the stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $68.50, for a total transaction of $87,885.50. Following the sale, the chief accounting officer owned 29,572 shares of the company’s stock, valued at approximately $2,025,682. This represents a 4.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Willem A. Meintjes sold 1,500 shares of the stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $68.52, for a total value of $102,780.00. Following the sale, the chief financial officer directly owned 121,348 shares in the company, valued at $8,314,764.96. This trade represents a 1.22% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,783 shares of company stock valued at $407,716. Corporate insiders own 0.19% of the company’s stock.

About Marvell Technology

Marvell Technology, Inc, together with its subsidiaries, provides data infrastructure semiconductor solutions, spanning the data center core to network edge. The company develops and scales complex System-on-a-Chip architectures, integrating analog, mixed-signal, and digital signal processing functionality.