Pinnacle Associates Ltd. Reduces Stock Position in Marvell Technology, Inc. $MRVL

Pinnacle Associates Ltd. lessened its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 3.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 146,709 shares of the semiconductor company’s stock after selling 5,423 shares during the period. Pinnacle Associates Ltd.’s holdings in Marvell Technology were worth $12,467,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Laurel Wealth Advisors LLC bought a new position in Marvell Technology during the 4th quarter valued at approximately $25,000. Strive Asset Management LLC bought a new stake in shares of Marvell Technology during the third quarter valued at approximately $42,000. Whittier Trust Co. of Nevada Inc. grew its position in shares of Marvell Technology by 98.0% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 493 shares of the semiconductor company’s stock worth $43,000 after buying an additional 244 shares during the period. Avalon Trust Co increased its stake in shares of Marvell Technology by 70.6% during the third quarter. Avalon Trust Co now owns 650 shares of the semiconductor company’s stock valued at $55,000 after purchasing an additional 269 shares in the last quarter. Finally, Westside Investment Management Inc. increased its position in Marvell Technology by 67.3% during the 3rd quarter. Westside Investment Management Inc. now owns 696 shares of the semiconductor company’s stock valued at $58,000 after buying an additional 280 shares in the last quarter. 83.51% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Marvell Technology news, CEO Matthew J. Murphy sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $177.26, for a total transaction of $1,329,450.00. Following the completion of the transaction, the chief executive officer owned 739,397 shares in the company, valued at $131,065,512.22. The trade was a 1.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandeep Bharathi sold 66,892 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $130.35, for a total value of $8,719,372.20. Following the transaction, the insider directly owned 55,199 shares in the company, valued at approximately $7,195,189.65. This represents a 54.79% decrease in their position. The SEC filing for this sale provides additional information. 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. In the last quarter, insiders have sold 241,060 shares of company stock valued at $29,200,112. 0.19% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MRVL. Stifel Nicolaus lifted their target price on shares of Marvell Technology from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Rosenblatt Securities upped their price target on shares of Marvell Technology from $115.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Citigroup lifted their target price on Marvell Technology from $113.00 to $118.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Deutsche Bank Aktiengesellschaft set a $120.00 price objective on shares of Marvell Technology in a research note on Tuesday, February 10th. Finally, B. Riley Financial reissued a “buy” rating on shares of Marvell Technology in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Marvell Technology presently has an average rating of “Moderate Buy” and a consensus target price of $129.70.

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 Trading Up 2.6%

Shares of MRVL opened at $182.58 on Friday. The stock has a market capitalization of $159.66 billion, a PE ratio of 59.28, a P/E/G ratio of 1.61 and a beta of 2.25. The company’s fifty day moving average is $123.30 and its 200 day moving average is $98.21. 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 fifty-two week low of $58.61 and a fifty-two week high of $192.15.

Marvell Technology (NASDAQ:MRVL) last posted 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. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.21 billion. Marvell Technology had a net margin of 32.58% and a return on equity of 14.22%. The business’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 EPS. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. Sell-side analysts expect that Marvell Technology, Inc. will post 3.04 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, April 30th. Investors of record on Friday, April 10th were given a $0.06 dividend. The ex-dividend date was Friday, April 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. Marvell Technology’s dividend payout ratio (DPR) is currently 7.79%.

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.