Schroder Investment Management Group Has $64.22 Million Stock Holdings in Marvell Technology, Inc. $MRVL

Schroder Investment Management Group grew its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVLFree Report) by 2.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 763,904 shares of the semiconductor company’s stock after purchasing an additional 15,476 shares during the period. Schroder Investment Management Group’s holdings in Marvell Technology were worth $64,221,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Intech Investment Management LLC lifted its stake in Marvell Technology by 3.9% during the first quarter. Intech Investment Management LLC now owns 28,784 shares of the semiconductor company’s stock valued at $1,772,000 after buying an additional 1,085 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new position in shares of Marvell Technology in the second quarter worth approximately $93,000. Summit Investment Advisors Inc. raised its holdings in shares of Marvell Technology by 2.8% during the first quarter. Summit Investment Advisors Inc. now owns 28,336 shares of the semiconductor company’s stock valued at $1,745,000 after acquiring an additional 777 shares during the period. AGF Management Ltd. acquired a new stake in shares of Marvell Technology during the second quarter valued at approximately $885,000. Finally, ProShare Advisors LLC lifted its position in shares of Marvell Technology by 3.4% in the 2nd quarter. ProShare Advisors LLC now owns 1,277,177 shares of the semiconductor company’s stock valued at $98,854,000 after acquiring an additional 41,465 shares in the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Marvell Technology Stock Performance

MRVL stock opened at $93.30 on Wednesday. The firm has a 50 day simple moving average of $81.57 and a 200 day simple moving average of $82.41. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $102.77. The stock has a market cap of $81.28 billion, a P/E ratio of 30.29, a P/E/G ratio of 0.96 and a beta of 1.97. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.01.

Marvell Technology (NASDAQ:MRVLGet Free Report) last released its quarterly earnings data on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.01. Marvell Technology had a net margin of 32.58% and a return on equity of 14.40%. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same quarter in the prior year, the business earned $0.60 EPS. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. Research analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Stockholders of record on Friday, January 9th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, January 9th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. Marvell Technology’s dividend payout ratio is 7.79%.

Insider Activity

In related news, EVP Mark Casper sold 5,000 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $93.08, for a total transaction of $465,400.00. Following the completion of the sale, the executive vice president directly owned 19,418 shares in the company, valued at approximately $1,807,427.44. This trade represents a 20.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.33% of the company’s stock.

Trending Headlines about Marvell Technology

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Zacks Research lowered shares of Marvell Technology from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. JPMorgan Chase & Co. boosted their target price on shares of Marvell Technology from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. Cantor Fitzgerald reissued a “neutral” rating on shares of Marvell Technology in a research note on Friday. Melius Research upgraded Marvell Technology from a “hold” rating to a “buy” rating and set a $135.00 target price for the company in a report on Monday, January 5th. Finally, KGI Securities raised Marvell Technology from a “neutral” rating to an “outperform” rating and set a $110.00 target price for the company in a research report on Friday, March 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $117.24.

Read Our Latest Stock Report on MRVL

About Marvell Technology

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding MRVL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marvell Technology, Inc. (NASDAQ:MRVLFree Report).

Institutional Ownership by Quarter for Marvell Technology (NASDAQ:MRVL)

Receive News & Ratings for Marvell Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marvell Technology and related companies with MarketBeat.com's FREE daily email newsletter.