Harvest Fund Management Co. Ltd Purchases 60,654 Shares of Marvell Technology, Inc. $MRVL

Harvest Fund Management Co. Ltd grew its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 47.7% during the fourth quarter, HoldingsChannel reports. The firm owned 187,705 shares of the semiconductor company’s stock after buying an additional 60,654 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Marvell Technology were worth $15,949,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Marvell Technology by 23.5% in the third quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock worth $6,692,830,000 after acquiring an additional 15,166,976 shares during the last quarter. State Street Corp grew its stake in shares of Marvell Technology by 2.8% in the third quarter. State Street Corp now owns 21,157,092 shares of the semiconductor company’s stock worth $1,778,677,000 after acquiring an additional 583,832 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Marvell Technology by 59.7% in the third quarter. Ameriprise Financial Inc. now owns 16,624,827 shares of the semiconductor company’s stock worth $1,397,751,000 after acquiring an additional 6,217,952 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Marvell Technology by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 12,108,452 shares of the semiconductor company’s stock worth $1,025,185,000 after acquiring an additional 97,624 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Marvell Technology by 47.0% in the third quarter. Franklin Resources Inc. now owns 11,903,051 shares of the semiconductor company’s stock worth $1,000,689,000 after acquiring an additional 3,805,431 shares during the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Marvell Technology Stock Up 4.9%

Shares of NASDAQ:MRVL opened at $316.43 on Friday. Marvell Technology, Inc. has a 52 week low of $61.44 and a 52 week high of $324.20. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.66 and a current ratio of 3.28. The company’s fifty day moving average is $161.54 and its 200-day moving average is $111.50. The company has a market capitalization of $276.81 billion, a PE ratio of 108.37, a P/E/G ratio of 1.99 and a beta of 2.29.

Marvell Technology (NASDAQ:MRVL) last issued its earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, meeting the consensus estimate of $0.80. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the previous year, the company earned $0.62 EPS. The firm’s revenue for the quarter was up 27.6% compared to the same quarter last year. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. Equities research analysts predict that Marvell Technology, Inc. will post 3.05 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Barclays raised their price objective on shares of Marvell Technology from $150.00 to $275.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Melius Research set a $220.00 price target on shares of Marvell Technology in a research note on Monday, May 18th. Benchmark boosted their price target on shares of Marvell Technology from $130.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Scotiabank assumed coverage on shares of Marvell Technology in a report on Tuesday, May 26th. They issued an “outperform” rating on the stock. Finally, HSBC set a $300.00 price target on shares of Marvell Technology and gave the company a “buy” rating in a report on Tuesday, May 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.58.

Key Stories Impacting Marvell Technology

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

• Positive Sentiment: Nvidia CEO Jensen Huang’s public praise has become the biggest catalyst, reinforcing Marvell’s role in AI networking, custom silicon, and optical interconnects and sparking continued buying. Stock Market Today, June 2: Marvell Technology Surges After Nvidia CEO Highlights AI Infrastructure Role
• Positive Sentiment: Investors are also encouraged by Marvell’s underlying AI growth story, including strong data-center demand, record bookings, and accelerating revenue growth that suggest the rally is not only hype. MRVL Stock Soars as Investors Embrace Its AI Growth Story
• Positive Sentiment: Analyst optimism and higher price targets are adding fuel, with some coverage pointing to strong revenue growth expectations tied to Marvell’s AI switch and custom chip opportunities. Why Marvell Technology Bumped Higher Again on Wednesday
• Neutral Sentiment: Some market commentary says the stock is now overbought after its explosive run, so investors may be watching for a pause or consolidation even though the longer-term AI trend remains bullish. Why Is Marvell Technology Stock Falling Thursday?
• Negative Sentiment: Broader semiconductor weakness after Broadcom’s disappointing outlook has also created short-term pressure on chip stocks, which could temper MRVL’s momentum if AI enthusiasm cools. Micron, Marvell, and Broadcom lead chipmakers’ premarket losses

Insider Buying and Selling

In related news, EVP Mark Casper sold 10,000 shares of the company’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $135.50, for a total transaction of $1,355,000.00. Following the transaction, the executive vice president owned 35,878 shares in the company, valued at $4,861,469. This represents a 21.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Chris Koopmans sold 10,000 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $205.87, for a total transaction of $2,058,700.00. Following the transaction, the chief operating officer owned 237,392 shares in the company, valued at approximately $48,871,891.04. This trade represents a 4.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 255,060 shares of company stock worth $31,959,772 in the last three months. Company insiders own 0.12% of the company’s stock.

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.