Clearwave Capital LLC Purchases New Stake in Marvell Technology, Inc. $MRVL

Clearwave Capital LLC purchased a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 2,945 shares of the semiconductor company’s stock, valued at approximately $250,000.

A number of other large investors have also added to or reduced their stakes in MRVL. Intech Investment Management LLC grew its stake in shares of Marvell Technology by 3.9% in the first quarter. Intech Investment Management LLC now owns 28,784 shares of the semiconductor company’s stock worth $1,772,000 after purchasing an additional 1,085 shares during the last quarter. Baird Financial Group Inc. raised its position in Marvell Technology by 22.7% during the 2nd quarter. Baird Financial Group Inc. now owns 17,417 shares of the semiconductor company’s stock valued at $1,348,000 after purchasing an additional 3,221 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in Marvell Technology in the 2nd quarter worth approximately $354,000. Treasurer of the State of North Carolina raised its holdings in shares of Marvell Technology by 3.0% during the second quarter. Treasurer of the State of North Carolina now owns 403,818 shares of the semiconductor company’s stock valued at $31,256,000 after acquiring an additional 11,572 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Marvell Technology by 1.0% during the second quarter. Alliancebernstein L.P. now owns 411,569 shares of the semiconductor company’s stock valued at $31,855,000 after acquiring an additional 4,060 shares in the last quarter. Institutional investors own 83.51% of the company’s stock.

Insiders Place Their Bets

In other news, COO Chris Koopmans sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $205.87, for a total value of $2,058,700.00. Following the sale, the chief operating officer directly owned 237,392 shares of the company’s stock, valued at $48,871,891.04. The trade was a 4.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Casper sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $135.50, for a total value of $1,355,000.00. Following the completion of the sale, the executive vice president directly owned 35,878 shares in the company, valued at approximately $4,861,469. This represents a 21.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 257,291 shares of company stock valued at $32,627,131. Insiders own 0.12% of the company’s stock.

Marvell Technology Stock Performance

Shares of Marvell Technology stock opened at $310.58 on Friday. Marvell Technology, Inc. has a 12 month low of $61.44 and a 12 month high of $329.88. The firm has a market capitalization of $271.70 billion, a P/E ratio of 106.36, a P/E/G ratio of 2.03 and a beta of 2.29. The company has a current ratio of 3.28, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27. The business has a fifty day simple moving average of $201.51 and a two-hundred day simple moving average of $126.81.

Marvell Technology (NASDAQ:MRVL) last released its earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.80. The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.41 billion. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The company’s revenue was up 27.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.62 EPS. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. On average, equities analysts forecast that Marvell Technology, Inc. will post 3.07 earnings per share for the current fiscal year.

Marvell Technology News Roundup

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, which can drive demand from index funds and ETFs that track the benchmark.
• Positive Sentiment: Investor sentiment remains strong after Nvidia CEO Jensen Huang praised Marvell, reinforcing its role in AI infrastructure and custom chip design.
• Positive Sentiment: Recent analyst upgrades and sharply higher price targets suggest Wall Street sees more upside from Marvell’s AI networking and optical interconnect growth.
• Positive Sentiment: Marvell’s recent earnings and guidance continue to show solid demand, with revenue growth tied to data-center and custom-chip momentum.
• Neutral Sentiment: Several commentary pieces note that MRVL has run up quickly and may be trading at a demanding valuation, which could limit near-term upside even if the AI story stays intact.
• Neutral Sentiment: Technical notes suggest the stock remains in a strong uptrend near highs, but it may pause for consolidation after a steep move.
• Negative Sentiment: Marvell’s CFO filed to sell about $65 million of stock, and while insider sales can pressure sentiment, this looks like a large disclosure investors may view cautiously. Article: Marvell’s CFO Just Filed to Dump $65 Million of Stock
• Negative Sentiment: A separate insider sale by Sandeep Bharathi was also disclosed, though it was tied to a pre-arranged 10b5-1 plan and tax withholding, making it less concerning on its own.

Wall Street Analyst Weigh In

MRVL has been the topic of several recent analyst reports. Barclays lifted their price target on shares of Marvell Technology from $150.00 to $275.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. Bank of America upped their price objective on shares of Marvell Technology from $200.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. The Goldman Sachs Group set a $180.00 target price on shares of Marvell Technology in a research report on Thursday, May 28th. Benchmark lifted their target price on shares of Marvell Technology from $130.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Finally, Zacks Research upgraded shares of Marvell Technology from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $228.71.

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.