Phoenix Financial Ltd. Sells 34,543 Shares of Marvell Technology, Inc. $MRVL

Phoenix Financial Ltd. reduced its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 89.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,910 shares of the semiconductor company’s stock after selling 34,543 shares during the quarter. Phoenix Financial Ltd.’s holdings in Marvell Technology were worth $334,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Laurel Wealth Advisors LLC bought a new position in shares of Marvell Technology during the fourth quarter valued at about $25,000. Strive Asset Management LLC bought a new stake in shares of Marvell Technology in the third quarter worth about $42,000. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Marvell Technology by 98.0% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 493 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 244 shares during the last quarter. Avalon Trust Co grew its stake in shares of Marvell Technology by 70.6% in the third quarter. Avalon Trust Co now owns 650 shares of the semiconductor company’s stock worth $55,000 after purchasing an additional 269 shares during the last quarter. Finally, Westside Investment Management Inc. grew its stake in shares of Marvell Technology by 67.3% in the third quarter. Westside Investment Management Inc. now owns 696 shares of the semiconductor company’s stock worth $58,000 after purchasing an additional 280 shares during the last quarter. 83.51% of the stock is owned by institutional investors.

Trending Headlines about Marvell Technology

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

• Positive Sentiment: Bank of America and Goldman Sachs raised their price targets on Marvell, reinforcing optimism around AI networking, custom silicon, and data-center demand. BofA and Goldman Sachs reset Marvell stock price targets
• Positive Sentiment: Analysts and market coverage say Marvell’s optical and interconnect businesses could be a major hidden growth engine, with management reportedly lifting interconnect growth expectations to 50% for FY27. Marvell Technology Has a Hidden Growth Engine That Could Cause MRVL Stock to Skyrocket
• Positive Sentiment: New coverage says Marvell’s AI tailwinds remain strong, with demand for custom AI chips and data-center infrastructure continuing to accelerate. Marvell’s AI Tailwinds Are Heating Up. Is It Time to Buy the Breakout?
• Positive Sentiment: Reports also note that AMD disclosed a stake in Marvell, which may be read as validation of Marvell’s strategy and long-term opportunity. Robust Earnings Growth and Innovation Will Help the Marvell Stock Uptrend Keep Going

Insiders Place Their Bets

In other Marvell Technology news, insider Sandeep Bharathi sold 66,892 shares of the firm’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $130.35, for a total value of $8,719,372.20. Following the completion of the sale, the insider directly owned 55,199 shares in the company, valued at $7,195,189.65. This trade represents a 54.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Willem A. Meintjes sold 30,000 shares of Marvell Technology stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $134.01, for a total transaction of $4,020,300.00. Following the transaction, the chief financial officer owned 154,111 shares of the company’s stock, valued at $20,652,415.11. The trade was a 16.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 241,060 shares of company stock valued at $29,200,112 over the last ninety days. 0.19% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

MRVL has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their target price on Marvell Technology from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, March 6th. Erste Group Bank initiated coverage on Marvell Technology in a research note on Thursday, April 2nd. They issued a “buy” rating on the stock. Citigroup raised their target price on Marvell Technology from $113.00 to $118.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Zacks Research raised Marvell Technology from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Finally, B. Riley Financial reissued a “buy” rating on shares of Marvell Technology in a research note on Tuesday. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $132.73.

Marvell Technology Stock Performance

Shares of MRVL opened at $176.89 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.58. Marvell Technology, Inc. has a one year low of $58.61 and a one year high of $192.15. The company has a 50-day simple moving average of $125.27 and a two-hundred day simple moving average of $98.76. The firm has a market capitalization of $158.73 billion, a PE ratio of 57.43, a price-to-earnings-growth ratio of 1.48 and a beta of 2.25.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings data on Thursday, March 5th. The semiconductor company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.79 by $0.01. Marvell Technology had a net margin of 32.58% and a return on equity of 14.22%. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same period last year, the business posted $0.60 earnings per share. Marvell Technology’s quarterly revenue was up 22.1% compared to the same quarter last year. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. On average, analysts anticipate that Marvell Technology, Inc. will post 3.04 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Friday, April 10th were issued a $0.06 dividend. The ex-dividend date was Friday, April 10th. This represents a $0.24 annualized dividend and a yield of 0.1%. Marvell Technology’s dividend payout ratio (DPR) is 7.79%.

About Marvell Technology

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.