Jain Global LLC Grows Stock Position in Marvell Technology, Inc. $MRVL

Jain Global LLC lifted its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 189.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 443,538 shares of the semiconductor company’s stock after acquiring an additional 290,402 shares during the period. Jain Global LLC’s holdings in Marvell Technology were worth $37,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Ellsworth Advisors LLC acquired a new stake in Marvell Technology in the 3rd quarter valued at about $5,864,000. Vanguard Group Inc. lifted its stake in Marvell Technology by 23.5% in the 3rd quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock worth $6,692,830,000 after purchasing an additional 15,166,976 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of Marvell Technology by 1,292.1% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 389,809 shares of the semiconductor company’s stock worth $32,656,000 after purchasing an additional 361,807 shares during the last quarter. Norges Bank purchased a new stake in shares of Marvell Technology in the second quarter valued at approximately $716,713,000. Finally, Triasima Portfolio Management inc. purchased a new stake in shares of Marvell Technology in the third quarter valued at approximately $1,426,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on MRVL shares. Morgan Stanley lifted their price objective on Marvell Technology from $95.00 to $103.00 and gave the stock an “equal weight” rating in a research report on Friday, March 6th. B. Riley Financial restated a “buy” rating and issued a $135.00 target price (up from $130.00) on shares of Marvell Technology in a report on Friday, March 6th. Stifel Nicolaus raised their target price on Marvell Technology from $114.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Barclays boosted their price target on shares of Marvell Technology from $80.00 to $105.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 3rd. Finally, Summit Insights raised shares of Marvell Technology from a “hold” rating to a “buy” rating in a report on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Marvell Technology has a consensus rating of “Moderate Buy” and a consensus price target of $117.24.

Insider Transactions at Marvell Technology

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

Marvell Technology Trading Up 0.2%

Shares of Marvell Technology stock opened at $87.86 on Monday. The stock has a 50 day moving average of $81.70 and a 200 day moving average of $82.72. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.58 and a current ratio of 2.01. The firm has a market capitalization of $76.82 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 0.80 and a beta of 1.97. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week high of $102.77.

Marvell Technology (NASDAQ:MRVL) last posted its earnings results on Thursday, March 5th. The semiconductor company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.21 billion. Marvell Technology had a return on equity of 14.22% and a net margin of 32.58%.The company’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 earnings per share. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. As a group, research analysts predict that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

About Marvell Technology

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.