Brown Advisory Inc. Sells 4,923,761 Shares of Marvell Technology, Inc. $MRVL

Brown Advisory Inc. decreased its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 42.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,788,665 shares of the semiconductor company’s stock after selling 4,923,761 shares during the period. Marvell Technology comprises about 0.8% of Brown Advisory Inc.’s investment portfolio, making the stock its 29th biggest holding. Brown Advisory Inc.’s holdings in Marvell Technology were worth $576,903,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Marvell Technology by 23.5% in the third quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock worth $6,692,830,000 after acquiring an additional 15,166,976 shares during the period. Wilson Asset Management International PTY Ltd. grew its holdings in shares of Marvell Technology by 20.4% in the fourth quarter. Wilson Asset Management International PTY Ltd. now owns 134,642 shares of the semiconductor company’s stock worth $11,442,000 after acquiring an additional 22,837 shares during the period. Varma Mutual Pension Insurance Co grew its holdings in shares of Marvell Technology by 25.4% in the fourth quarter. Varma Mutual Pension Insurance Co now owns 158,588 shares of the semiconductor company’s stock worth $13,477,000 after acquiring an additional 32,130 shares during the period. Equitable Trust Co. grew its holdings in shares of Marvell Technology by 23.3% in the third quarter. Equitable Trust Co. now owns 68,254 shares of the semiconductor company’s stock worth $5,738,000 after acquiring an additional 12,916 shares during the period. Finally, Lombard Odier Asset Management USA Corp grew its holdings in shares of Marvell Technology by 60.5% in the third quarter. Lombard Odier Asset Management USA Corp now owns 32,032 shares of the semiconductor company’s stock worth $2,693,000 after acquiring an additional 12,076 shares during the period. Institutional investors own 83.51% of the company’s stock.

Marvell Technology Price Performance

Shares of Marvell Technology stock opened at $279.70 on Friday. The stock’s 50-day simple moving average is $182.49 and its 200-day simple moving average is $119.35. Marvell Technology, Inc. has a 52 week low of $61.44 and a 52 week high of $324.20. The company has a market capitalization of $244.68 billion, a price-to-earnings ratio of 95.79, a PEG ratio of 1.83 and a beta of 2.29. The company has a quick ratio of 2.66, a current ratio of 3.28 and a debt-to-equity ratio of 0.27.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, meeting the consensus estimate of $0.80. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the previous year, the business earned $0.62 earnings per share. The business’s revenue was up 27.6% on a year-over-year basis. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. As a group, analysts expect that Marvell Technology, Inc. will post 3.07 earnings per share for the current fiscal year.

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 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Friday, April 10th. Marvell Technology’s payout ratio is presently 8.22%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. HSBC set a $300.00 target price on Marvell Technology and gave the company a “buy” rating in a research report on Tuesday, May 26th. Roth Mkm lifted their target price on Marvell Technology from $135.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Rosenblatt Securities reiterated a “buy” rating and set a $240.00 target price on shares of Marvell Technology in a research report on Friday. Citigroup lifted their target price on Marvell Technology from $118.00 to $215.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Finally, Benchmark lifted their target price on Marvell Technology from $130.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $224.68.

Insiders Place Their Bets

In other news, EVP Mark Casper sold 10,854 shares of the business’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $107.01, for a total value of $1,161,486.54. Following the transaction, the executive vice president directly owned 4,023 shares in the company, valued at $430,501.23. The trade was a 72.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Matthew J. Murphy sold 30,000 shares of the business’s stock in a transaction dated Thursday, March 26th. The shares were sold at an average price of $98.70, for a total value of $2,961,000.00. Following the completion of the transaction, the chief executive officer owned 310,106 shares in the company, valued at $30,607,462.20. The trade was a 8.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 255,060 shares of company stock valued at $31,959,772. Insiders own 0.12% of the company’s stock.

More Marvell Technology News

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

• Positive Sentiment: Marvell is set to join the S&P 500 on June 22, a move that can drive automatic buying from index funds and reinforce investor confidence in the company’s scale and profitability.
• Positive Sentiment: B. Riley raised its price target on Marvell to $345 and maintained a buy rating, signaling continued upside expectations for the AI-driven semiconductor business.
• Positive Sentiment: Erste Group lifted its FY2027 and FY2028 earnings estimates, reflecting higher expectations for Marvell’s long-term AI infrastructure growth.
• Positive Sentiment: Marvell’s appointment of Dan Durn as CFO, along with the company’s reaffirmed outlook, suggests management sees a stable transition while it continues pushing its AI growth strategy. Article: Marvell Taps Adobe CFO as AI Growth Push Continues
• Neutral Sentiment: Coverage across financial media continues to highlight Marvell as a major AI infrastructure name, which keeps the stock in focus but does not by itself change fundamentals.
• Neutral Sentiment: Some commentary notes that the stock has run up sharply and is trading at a premium valuation, which could lead to more volatility if expectations get too high.
• Negative Sentiment: Rosenblatt reaffirmed a buy rating but kept a $240 price target, which is below the current trading level and suggests some analysts see limited near-term upside from here.

Marvell Technology 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.