Leonteq Securities AG acquired a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 69,334 shares of the semiconductor company’s stock, valued at approximately $5,892,000.
Other large investors also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC bought a new stake in Marvell Technology during the fourth quarter valued at $25,000. Elyxium Wealth LLC bought a new stake in Marvell Technology during the fourth quarter valued at $40,000. Whittier Trust Co. of Nevada Inc. boosted its stake in Marvell Technology by 98.0% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 493 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 244 shares during the period. Strive Asset Management LLC bought a new stake in Marvell Technology during the third quarter valued at $42,000. Finally, Avalon Trust Co boosted its stake in 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 buying an additional 269 shares during the period. Institutional investors own 83.51% of the company’s stock.
Marvell Technology Stock Up 6.0%
MRVL opened at $186.80 on Thursday. The company has a market cap of $167.62 billion, a P/E ratio of 60.65, a P/E/G ratio of 1.47 and a beta of 2.25. The business’s 50-day moving average price is $130.75 and its 200-day moving average price is $100.69. 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 $193.32.
Marvell Technology Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Friday, April 10th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Friday, April 10th. Marvell Technology’s dividend payout ratio (DPR) is currently 7.79%.
More Marvell Technology News
Here are the key news stories impacting Marvell Technology this week:
- Positive Sentiment: Wells Fargo sharply raised its price target on Marvell to $195 from $135 and reiterated an Overweight rating, citing “significant AWS Trainium expansion ahead” and growing custom silicon momentum. Marvell Price Target Vaults to $195 at Wells Fargo on AWS Trainium and Custom Silicon Momentum
- Positive Sentiment: Evercore ISI also lifted its target to $155 from $133 and kept an Outperform rating, pointing to rising AI infrastructure demand and Marvell’s exposure to data center spending. Evercore ISI Raises Marvell Technology (MRVL) Price Target on Rising AI Infrastructure Demand
- Positive Sentiment: Several other firms also increased price targets, with commentary focused on AI chip demand, cloud deployments, optical connectivity, and custom AI processor opportunities, adding to the bullish momentum around the stock. Why Is Marvell Stock Gaining Wednesday?
- Neutral Sentiment: Recent discussion also highlighted Marvell’s growing role in AI silicon partnerships and data center optics, but some traders remain cautious that much of the near-term optimism may already be reflected in the valuation. Marvell Technology Stock (MRVL) Opinions on Analyst Upgrades and AI Silicon Partnerships
- Negative Sentiment: One potential headwind is insider selling, including a recent CFO share sale, which can temper enthusiasm even though the transaction was pre-planned. Insider Selling: Marvell Technology (NASDAQ:MRVL) CFO Sells 4,000 Shares of Stock
Insider Transactions at Marvell Technology
In other Marvell Technology news, EVP Mark Casper sold 10,000 shares of Marvell Technology stock in a transaction that occurred 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 sale, the executive vice president directly owned 35,878 shares of the company’s stock, valued at approximately $4,861,469. The trade was a 21.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Willem A. Meintjes sold 4,000 shares of Marvell Technology stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $175.24, for a total value of $700,960.00. Following the sale, the chief financial officer directly owned 226,675 shares in the company, valued at approximately $39,722,527. The trade was a 1.73% 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. In the last quarter, insiders sold 245,060 shares of company stock worth $29,901,072. Corporate insiders own 0.19% of the company’s stock.
Analyst Upgrades and Downgrades
MRVL has been the subject of several research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Marvell Technology in a research note on Friday, March 27th. Deutsche Bank Aktiengesellschaft set a $120.00 price objective on Marvell Technology in a research note on Tuesday, February 10th. Cantor Fitzgerald raised their price target on Marvell Technology from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, April 9th. Stifel Nicolaus raised their price target on Marvell Technology from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Finally, Evercore restated an “outperform” rating and set a $155.00 price target on shares of Marvell Technology in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Marvell Technology has a consensus rating of “Moderate Buy” and an average price target of $138.70.
Get Our Latest Analysis on MRVL
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.
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