Woodstock Corp Has $899,000 Position in Marvell Technology, Inc. $MRVL

Woodstock Corp reduced its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 4.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 11,615 shares of the semiconductor company’s stock after selling 514 shares during the quarter. Woodstock Corp’s holdings in Marvell Technology were worth $899,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MRVL. Nuveen LLC acquired a new position in shares of Marvell Technology during the 1st quarter worth about $399,587,000. Goldman Sachs Group Inc. grew its position in shares of Marvell Technology by 32.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company’s stock worth $1,272,117,000 after buying an additional 5,050,159 shares during the period. Impax Asset Management Group plc grew its position in shares of Marvell Technology by 748.3% in the 1st quarter. Impax Asset Management Group plc now owns 3,700,841 shares of the semiconductor company’s stock valued at $227,033,000 after purchasing an additional 3,264,557 shares during the period. AQR Capital Management LLC grew its position in shares of Marvell Technology by 662.9% in the 1st quarter. AQR Capital Management LLC now owns 3,119,855 shares of the semiconductor company’s stock valued at $187,566,000 after purchasing an additional 2,710,894 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in shares of Marvell Technology by 8,128.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 2,460,851 shares of the semiconductor company’s stock valued at $151,515,000 after purchasing an additional 2,430,945 shares during the period. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Mark Casper sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $72.35, for a total transaction of $217,050.00. Following the sale, the executive vice president owned 17,163 shares in the company, valued at $1,241,743.05. This represents a 14.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.33% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Barclays reiterated an “overweight” rating and issued a $80.00 price objective on shares of Marvell Technology in a research report on Friday, August 29th. Susquehanna decreased their price objective on Marvell Technology from $110.00 to $90.00 and set a “positive” rating for the company in a research report on Tuesday, May 27th. Deutsche Bank Aktiengesellschaft decreased their price objective on Marvell Technology from $100.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, May 30th. Wall Street Zen upgraded Marvell Technology from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Benchmark reiterated a “buy” rating and issued a $95.00 price objective on shares of Marvell Technology in a research report on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $90.50.

Marvell Technology Stock Performance

Shares of MRVL stock opened at $67.43 on Tuesday. The company’s fifty day simple moving average is $72.49 and its 200-day simple moving average is $67.56. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. The firm has a market cap of $58.13 billion, a PE ratio of -518.69, a P/E/G ratio of 0.81 and a beta of 1.85. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month high of $127.48.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, hitting analysts’ consensus estimates of $0.67. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The firm’s revenue for the quarter was up 57.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Equities research analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Profile

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.