Independent Advisor Alliance Sells 6,044 Shares of Marvell Technology, Inc. $MRVL

Independent Advisor Alliance lessened its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 16.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 31,031 shares of the semiconductor company’s stock after selling 6,044 shares during the period. Independent Advisor Alliance’s holdings in Marvell Technology were worth $2,637,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Marvell Technology by 23.5% during the third 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 during the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in shares of Marvell Technology by 1,292.1% during the third 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. Triasima Portfolio Management inc. bought a new stake in shares of Marvell Technology during the third quarter worth about $1,426,000. Varma Mutual Pension Insurance Co grew its holdings in shares of Marvell Technology by 25.4% during the fourth quarter. Varma Mutual Pension Insurance Co now owns 158,588 shares of the semiconductor company’s stock worth $13,477,000 after purchasing an additional 32,130 shares during the last quarter. Finally, Strs Ohio grew its holdings in shares of Marvell Technology by 27.7% during the third quarter. Strs Ohio now owns 742,781 shares of the semiconductor company’s stock worth $62,446,000 after purchasing an additional 161,082 shares during the last quarter. Institutional investors own 83.51% of the company’s stock.

Marvell Technology Price Performance

Marvell Technology stock opened at $182.58 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.58 and a current ratio of 2.01. Marvell Technology, Inc. has a 52-week low of $58.61 and a 52-week high of $192.15. The stock’s 50 day moving average price is $123.30 and its two-hundred day moving average price is $98.21. The stock has a market capitalization of $159.66 billion, a price-to-earnings ratio of 59.28, a PEG ratio of 1.61 and a beta of 2.25.

Marvell Technology (NASDAQ:MRVL) last issued its earnings results on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. Marvell Technology had a return on equity of 14.22% and a net margin of 32.58%.The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same period in the prior year, the firm earned $0.60 earnings per share. Marvell Technology’s revenue for the quarter was up 22.1% on a year-over-year basis. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. On average, equities analysts predict that Marvell Technology, Inc. will post 3.04 earnings per share for the current year.

Marvell Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Friday, April 10th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Friday, April 10th. Marvell Technology’s dividend payout ratio is presently 7.79%.

Analyst Ratings Changes

A number of equities analysts recently commented on MRVL shares. B. Riley Financial reaffirmed a “buy” rating on shares of Marvell Technology in a research note on Tuesday. Cantor Fitzgerald lifted their price objective on Marvell Technology from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, April 9th. 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 note on Friday, March 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marvell Technology in a research note on Friday, March 27th. Finally, Evercore reaffirmed an “outperform” rating and issued a $133.00 price objective on shares of Marvell Technology in a research note on Wednesday, March 4th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $129.70.

Insiders Place Their Bets

In other news, EVP Mark Casper sold 10,000 shares of the firm’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $135.50, for a total transaction of $1,355,000.00. Following the completion of the sale, the executive vice president directly owned 35,878 shares of the company’s stock, valued at $4,861,469. This trade represents a 21.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Willem A. Meintjes sold 30,000 shares of the firm’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $134.01, for a total value of $4,020,300.00. Following the sale, the chief financial officer directly owned 154,111 shares of the company’s stock, valued at approximately $20,652,415.11. This represents a 16.29% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 241,060 shares of company stock worth $29,200,112 in the last three months. 0.19% of the stock is owned by corporate insiders.

Marvell Technology News Roundup

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

• Positive Sentiment: Bank of America raised its price target on Marvell to $200 and reiterated a buy rating, citing strong AI networking and optics demand, which reinforced the stock’s breakout momentum. What Is Going On With Marvell Tech Stock On Thursday?
• Positive Sentiment: Analysts across Wall Street have been lifting targets ahead of Marvell’s May 27 earnings report, signaling confidence that AI-driven revenue growth can continue. Marvell Stock (MRVL) Gets Price Target Hikes from Top Analysts Ahead of Q1 Earnings
• Positive Sentiment: Investor enthusiasm is also being boosted by reports of a custom AI chip partnership with Google and a strategic equity investment from AMD, both of which strengthen Marvell’s AI credentials. Marvell stock hits 52-week high as bullish catalysts keep stacking up
• Neutral Sentiment: CEO Matthew J. Murphy sold 7,500 shares under a pre-arranged 10b5-1 trading plan, a disclosure that may draw attention but is not necessarily a negative signal by itself.

Marvell Technology Company 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.