LGT Fund Management Co Ltd. Makes New Investment in Marvell Technology, Inc. $MRVL

LGT Fund Management Co Ltd. acquired a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 44,803 shares of the semiconductor company’s stock, valued at approximately $4,438,000.

Other large investors have also made changes to their positions in the company. Mayflower Financial Advisors LLC increased its holdings in Marvell Technology by 1.7% in the 1st quarter. Mayflower Financial Advisors LLC now owns 4,109 shares of the semiconductor company’s stock worth $407,000 after acquiring an additional 68 shares in the last quarter. Bell Investment Advisors Inc lifted its holdings in Marvell Technology by 12.9% during the first quarter. Bell Investment Advisors Inc now owns 628 shares of the semiconductor company’s stock valued at $62,000 after purchasing an additional 72 shares in the last quarter. Schear Investment Advisers LLC lifted its holdings in Marvell Technology by 1.4% during the first quarter. Schear Investment Advisers LLC now owns 7,551 shares of the semiconductor company’s stock valued at $748,000 after purchasing an additional 106 shares in the last quarter. Thoma Capital Management LLC grew its position in shares of Marvell Technology by 1.3% in the first quarter. Thoma Capital Management LLC now owns 8,711 shares of the semiconductor company’s stock valued at $863,000 after purchasing an additional 114 shares during the period. Finally, Pittenger & Anderson Inc. grew its position in shares of Marvell Technology by 61.5% in the first quarter. Pittenger & Anderson Inc. now owns 315 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 120 shares during the period. 83.51% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Marvell Technology

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

• Positive Sentiment: Marvell highlighted progress in its AI infrastructure business, with reports that its five AI growth engines support plans for about 40% revenue growth in fiscal 2027 and 45% in fiscal 2028. Article Title
• Positive Sentiment: Marvell also got a boost from analyst sentiment, with RBC Capital reaffirming a $360 price target as the AI-chip rebound lifted semiconductors broadly. Article Title
• Positive Sentiment: News that Marvell’s Tower PIC shipments for AI data-center optics reached 5 million units supports the view that demand for its optical and connectivity products remains strong. Article Title
• Neutral Sentiment: Shares were helped at times by a broader semiconductor rebound and improved market tone, including strength in the Nasdaq and AI-related stocks. Article Title
• Negative Sentiment: MRVL also slipped alongside other chip names ahead of SK Hynix’s U.S. trading debut, reflecting rotation and caution in the memory/AI chip space. Article Title
• Negative Sentiment: After a big advance over the past year, some investors and commentators are questioning whether Marvell’s valuation already reflects much of the AI optimism, which can weigh on the shares near term. Article Title

Insider Transactions at Marvell Technology

In other Marvell Technology news, CFO Willem A. Meintjes sold 4,000 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $175.24, for a total value of $700,960.00. Following the completion of the sale, the chief financial officer directly owned 226,675 shares of the company’s stock, valued at $39,722,527. This trade represents a 1.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Chris Koopmans sold 10,000 shares of Marvell Technology stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $281.92, for a total value of $2,819,200.00. Following the transaction, the chief operating officer owned 227,754 shares in the company, valued at approximately $64,208,407.68. This represents a 4.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 160,373 shares of company stock valued at $24,938,664. 0.12% of the stock is currently owned by company insiders.

Marvell Technology Price Performance

Shares of NASDAQ:MRVL traded down $7.46 during midday trading on Friday, hitting $235.81. The company’s stock had a trading volume of 15,057,468 shares, compared to its average volume of 46,041,692. The company has a market cap of $206.29 billion, a P/E ratio of 80.76, a price-to-earnings-growth ratio of 1.54 and a beta of 2.20. Marvell Technology, Inc. has a 12-month low of $61.44 and a 12-month high of $329.88. The business’s 50 day simple moving average is $236.79 and its 200 day simple moving average is $144.93. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.66 and a current ratio of 3.28.

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

Marvell Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Friday, July 10th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, July 10th. Marvell Technology’s dividend payout ratio (DPR) is currently 8.22%.

Wall Street Analyst Weigh In

MRVL has been the subject of several research analyst reports. Evercore restated an “outperform” rating and set a $155.00 price target on shares of Marvell Technology in a research report on Tuesday, May 19th. Morgan Stanley boosted their price objective on Marvell Technology from $172.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. Benchmark increased their target price on Marvell Technology from $130.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Cantor Fitzgerald raised their target price on Marvell Technology from $220.00 to $300.00 and gave the company a “neutral” rating in a research report on Monday, June 29th. Finally, Scotiabank initiated coverage on Marvell Technology in a research report on Tuesday, May 26th. They issued an “outperform” rating on the stock. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Marvell Technology presently has an average rating of “Moderate Buy” and a consensus target price of $244.97.

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.