DNB Asset Management AS Sells 1,163,435 Shares of Marvell Technology, Inc. $MRVL

DNB Asset Management AS trimmed its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 53.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 993,351 shares of the semiconductor company’s stock after selling 1,163,435 shares during the quarter. DNB Asset Management AS’s holdings in Marvell Technology were worth $84,415,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Laurel Wealth Advisors LLC purchased a new position in shares of Marvell Technology in the fourth quarter worth about $25,000. Strive Asset Management LLC purchased a new position in shares of Marvell Technology in the third quarter worth about $42,000. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Marvell Technology by 98.0% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 493 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 244 shares in the last quarter. Avalon Trust Co increased its stake in shares of Marvell Technology by 70.6% in the third quarter. Avalon Trust Co now owns 650 shares of the semiconductor company’s stock worth $55,000 after purchasing an additional 269 shares in the last quarter. Finally, Westside Investment Management Inc. increased its stake in shares of Marvell Technology by 67.3% in the third quarter. Westside Investment Management Inc. now owns 696 shares of the semiconductor company’s stock worth $58,000 after purchasing an additional 280 shares in the last quarter. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, CEO Matthew J. Murphy sold 7,500 shares of Marvell Technology stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $177.26, for a total transaction of $1,329,450.00. Following the completion of the sale, the chief executive officer directly 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 document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandeep Bharathi sold 66,892 shares of Marvell Technology stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $130.35, for a total transaction of $8,719,372.20. Following the sale, the insider owned 55,199 shares of the company’s stock, valued at approximately $7,195,189.65. The trade was a 54.79% decrease in their ownership of the stock. 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. Insiders sold a total of 241,060 shares of company stock valued at $29,200,112 over the last quarter. Company insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

MRVL has been the subject of several recent research reports. Benchmark reiterated a “buy” rating and issued a $130.00 target price on shares of Marvell Technology in a research note on Tuesday, March 31st. JPMorgan Chase & Co. lifted their target price on shares of Marvell Technology from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, March 6th. Oppenheimer lifted their target price on shares of Marvell Technology from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 15th. Morgan Stanley lifted their target price on shares of Marvell Technology from $95.00 to $103.00 and gave the stock an “equal weight” rating in a research note on Friday, March 6th. Finally, Deutsche Bank Aktiengesellschaft set a $120.00 price objective on shares of Marvell Technology in a research report on Tuesday, February 10th. Two 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. Based on data from MarketBeat.com, Marvell Technology presently has a consensus rating of “Moderate Buy” and an average target price of $132.73.

Marvell Technology Price Performance

MRVL stock opened at $176.89 on Friday. The firm has a 50 day moving average of $125.27 and a 200-day moving average of $98.76. The company has a current ratio of 2.01, a quick ratio of 1.58 and a debt-to-equity ratio of 0.28. Marvell Technology, Inc. has a 12 month low of $58.61 and a 12 month high of $192.15. The firm has a market capitalization of $158.73 billion, a P/E ratio of 57.43, a price-to-earnings-growth ratio of 1.52 and a beta of 2.25.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings data on Thursday, March 5th. The semiconductor company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. Marvell Technology had a net margin of 32.58% and a return on equity of 14.22%. The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same period last year, the business earned $0.60 earnings per share. Marvell Technology’s revenue 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. As a group, sell-side analysts predict that Marvell Technology, Inc. will post 3.04 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

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

Marvell Technology News Roundup

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

• Positive Sentiment: Bank of America and Goldman Sachs raised their price targets on Marvell, reinforcing optimism around AI networking, custom silicon, and data-center demand. BofA and Goldman Sachs reset Marvell stock price targets
• Positive Sentiment: Analysts and market coverage say Marvell’s optical and interconnect businesses could be a major hidden growth engine, with management reportedly lifting interconnect growth expectations to 50% for FY27. Marvell Technology Has a Hidden Growth Engine That Could Cause MRVL Stock to Skyrocket
• Positive Sentiment: New coverage says Marvell’s AI tailwinds remain strong, with demand for custom AI chips and data-center infrastructure continuing to accelerate. Marvell’s AI Tailwinds Are Heating Up. Is It Time to Buy the Breakout?
• Positive Sentiment: Reports also note that AMD disclosed a stake in Marvell, which may be read as validation of Marvell’s strategy and long-term opportunity. Robust Earnings Growth and Innovation Will Help the Marvell Stock Uptrend Keep Going

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.