NFSG Corp Buys 6,347 Shares of Marvell Technology, Inc. $MRVL

NFSG Corp raised its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 11.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,533 shares of the semiconductor company’s stock after purchasing an additional 6,347 shares during the quarter. Marvell Technology makes up about 1.0% of NFSG Corp’s holdings, making the stock its 24th biggest holding. NFSG Corp’s holdings in Marvell Technology were worth $5,996,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Hilton Head Capital Partners LLC increased its position in shares of Marvell Technology by 978.3% during the first quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 225 shares during the period. Jessup Wealth Management Inc purchased a new stake in Marvell Technology in the fourth quarter worth about $25,000. Laurel Wealth Advisors LLC purchased a new stake in Marvell Technology in the fourth quarter worth about $25,000. Cherry Tree Wealth Management LLC bought a new stake in Marvell Technology during the 4th quarter valued at approximately $26,000. Finally, Pittenger & Anderson Inc. boosted its position in Marvell Technology by 61.5% during the 1st quarter. Pittenger & Anderson Inc. now owns 315 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 120 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors.

Marvell Technology Price Performance

MRVL stock opened at $222.44 on Wednesday. The firm has a 50 day moving average price of $238.91 and a 200-day moving average price of $147.23. Marvell Technology, Inc. has a 52-week low of $61.44 and a 52-week high of $329.88. The firm has a market capitalization of $194.59 billion, a price-to-earnings ratio of 76.18, a PEG ratio of 1.42 and a beta of 2.20. 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 issued its quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, hitting analysts’ consensus estimates of $0.80. The firm had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The business’s revenue for the quarter was up 27.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.62 EPS. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. Equities research analysts forecast that Marvell Technology, Inc. will post 3.07 EPS for the current fiscal year.

Marvell Technology Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Wells Fargo & Company increased their target price on Marvell Technology from $195.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Citigroup lifted their price target on Marvell Technology from $118.00 to $215.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. B. Riley Financial upped their price target on Marvell Technology from $240.00 to $345.00 and gave the stock a “buy” rating in a research note on Friday, June 12th. Zacks Research upgraded Marvell Technology from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Finally, The Goldman Sachs Group set a $180.00 price objective on Marvell Technology in a research report on Thursday, May 28th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $245.45.

Insider Transactions at Marvell Technology

In other news, CFO Willem A. Meintjes sold 4,000 shares of the 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 sale, the chief financial officer directly owned 226,675 shares of the company’s stock, valued at approximately $39,722,527. This represents a 1.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Chris Koopmans sold 10,000 shares of the firm’s stock in a transaction on Wednesday, July 1st. The shares were 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 of the company’s stock, valued at $64,208,407.68. The trade was a 4.21% 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 90 days, insiders sold 122,873 shares of company stock valued at $19,909,914. 0.12% of the stock is currently owned by corporate insiders.

Trending Headlines about Marvell Technology

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

• Positive Sentiment: Analyst commentary highlighted growing momentum in Marvell’s custom AI silicon business, reinforcing the company’s role in AI infrastructure. Wall Street Analysts Look Bullish on Marvell (MRVL): Should You Buy?
• Positive Sentiment: Marvell’s latest quarterly results showed record revenue of $2.418 billion, up 28% year over year, which supports the AI growth story and helps reassure investors about demand. Why Marvell Technology (MRVL) Stock Is Up Today
• Positive Sentiment: Several recent price-target updates remain constructive, with multiple firms reiterating Buy ratings and targets well above recent trading levels, helping support the stock. Why Marvell Technology (MRVL) Stock Is Up Today
• Neutral Sentiment: The recent move also looks like a relief bounce after a broad chip-sector selloff, as investors rotated back into high-growth semiconductor names. Marvell Technology, Vishay Intertechnology, and Allegro MicroSystems Stocks Trade Down, What You Need To Know
• Negative Sentiment: Earlier weakness in MRVL was tied to profit-taking across chip stocks and a defensive shift out of high-multiple tech names, which could keep volatility elevated. Marvell Stock Drops 6%: Why Wall Street is Dumping High-Flying Chip Names for Energy

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.