Deepwater Asset Management LLC Sells 31,120 Shares of Marvell Technology, Inc. $MRVL

Deepwater Asset Management LLC reduced its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 57.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 23,492 shares of the semiconductor company’s stock after selling 31,120 shares during the period. Marvell Technology accounts for 3.2% of Deepwater Asset Management LLC’s investment portfolio, making the stock its 18th biggest holding. Deepwater Asset Management LLC’s holdings in Marvell Technology were worth $6,998,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Laurel Wealth Advisors LLC acquired a new position in shares of Marvell Technology during the fourth quarter valued at $25,000. Hilton Head Capital Partners LLC increased its position in Marvell Technology by 978.3% in the first quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 225 shares during the period. Jessup Wealth Management Inc acquired 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 worth about $26,000. Finally, MidFirst Bank bought a new stake in Marvell Technology during the 4th quarter worth about $28,000. Institutional investors own 83.51% of the company’s stock.

Insider Activity

In other Marvell Technology news, CEO Matthew J. Murphy sold 7,500 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $236.08, for a total value of $1,770,600.00. Following the sale, the chief executive officer directly owned 783,186 shares in the company, valued at approximately $184,894,550.88. This trade represents a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 Monday, August 3rd. The stock was sold at an average price of $180.50, for a total transaction of $1,805,000.00. Following the transaction, the chief operating officer directly owned 227,941 shares in the company, valued at approximately $41,143,350.50. This represents a 4.20% 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. Insiders sold a total of 41,981 shares of company stock worth $9,753,132 over the last three months. Company insiders own 0.12% of the company’s stock.

Marvell Technology Price Performance

Marvell Technology stock opened at $251.01 on Friday. The firm has a market capitalization of $219.58 billion, a P/E ratio of 85.96, a PEG ratio of 1.48 and a beta of 2.24. Marvell Technology, Inc. has a 1 year low of $61.44 and a 1 year high of $329.88. The business has a 50-day moving average of $234.59 and a 200-day moving average of $170.57. The company has a current ratio of 3.28, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.80. The business 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%. Marvell Technology’s revenue for the quarter was up 27.6% on a year-over-year basis. During the same period last year, the company posted $0.62 EPS. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. On average, equities analysts anticipate that Marvell Technology, Inc. will post 3.07 EPS for the current year.

Marvell Technology Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on MRVL. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marvell Technology in a research note on Wednesday, June 24th. Rosenblatt Securities reissued a “buy” rating and set a $240.00 price target on shares of Marvell Technology in a research note on Friday, June 12th. Loop Capital upgraded shares of Marvell Technology to a “strong-buy” rating in a report on Tuesday, June 16th. Royal Bank Of Canada restated an “outperform” rating and issued a $360.00 price objective on shares of Marvell Technology in a report on Thursday. Finally, BMO Capital Markets assumed coverage on shares of Marvell Technology in a report on Thursday. They set an “outperform” rating and a $250.00 target price for the company. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $250.27.

Marvell Technology News Summary

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

• Positive Sentiment: Marvell agreed to develop custom silicon connected to Google’s Tensor Processing Unit ecosystem, including inference accelerators, storage and networking controllers, and memory-interface products. The deal broadens Marvell’s role in Google’s AI infrastructure and could challenge Broadcom’s long-standing position as Google’s primary custom-chip partner. Marvell pops on AI chip deal
• Positive Sentiment: Google received warrants to purchase up to approximately 58.97 million Marvell shares at $206.58 each, potentially representing about 6.7% of shares outstanding and roughly $12.2 billion in value. The warrants vest in stages based on Google’s purchases, aligning Google’s future AI-chip spending with Marvell’s growth. Marvell shares jump as Google warrant deepens partnership
• Positive Sentiment: Analysts described the agreement as a major long-term catalyst. JPMorgan sees a potential $120 billion cumulative opportunity through fiscal 2033, while RBC reaffirmed an Outperform rating with a $360 price target. Stifel and William Blair also issued or maintained Buy recommendations. Marvell’s Google AI deal could unlock opportunity
• Positive Sentiment: Technical momentum also improved after MRVL reclaimed its 50-day moving average, supporting a bullish-trend thesis and forecasts for a possible move toward $300. Marvell overtakes 50-day moving average

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.