Marvell Technology, Inc. $MRVL Shares Acquired by Waterfront Wealth Inc.

Waterfront Wealth Inc. increased its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 10.1% during the 1st quarter, Holdings Channel reports. The fund owned 22,997 shares of the semiconductor company’s stock after purchasing an additional 2,114 shares during the quarter. Waterfront Wealth Inc.’s holdings in Marvell Technology were worth $2,278,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Focused Wealth Management Inc purchased a new position in shares of Marvell Technology in the 1st quarter valued at about $608,000. Swedbank AB increased its stake in shares of Marvell Technology by 2.8% during the first quarter. Swedbank AB now owns 3,189,551 shares of the semiconductor company’s stock worth $315,925,000 after buying an additional 85,816 shares during the period. Wilson Asset Management International PTY Ltd. increased its stake in shares of Marvell Technology by 20.4% during the fourth quarter. Wilson Asset Management International PTY Ltd. now owns 134,642 shares of the semiconductor company’s stock worth $11,442,000 after buying an additional 22,837 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Marvell Technology by 49.7% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 273,647 shares of the semiconductor company’s stock worth $27,105,000 after buying an additional 90,800 shares during the period. Finally, Varma Mutual Pension Insurance Co raised its holdings in Marvell Technology by 25.4% in the fourth quarter. Varma Mutual Pension Insurance Co now owns 158,588 shares of the semiconductor company’s stock valued at $13,477,000 after acquiring an additional 32,130 shares in the last quarter. 83.51% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Marvell Technology

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

• Positive Sentiment: MRVL is benefiting from a broad semiconductor rally, with traders buying back AI-related stocks after recent weakness and geopolitical fears eased. Broadcom, Intel, Corning, Marvell, and More Stocks That Explain Today’s Market
• Positive Sentiment: RBC Capital reaffirmed a $360 price target, reinforcing a bullish view that Marvell can keep benefiting from AI data center spending. Why Is Marvell Technology Stock Gaining Thursday?
• Positive Sentiment: Analysts continue to highlight Marvell as a key AI infrastructure supplier, citing custom chips, networking, optics, and strong partnerships as reasons the growth story remains intact. Zacks Investment Ideas feature highlights: Marvell Technology, Amazon, Alphabet and NVIDIA
• Positive Sentiment: Commentary around Marvell’s long-term upside has improved, with some market coverage calling it a potential major AI winner and emphasizing its role as the “nervous system” of AI data centers. Marvell: The Next Trillion Dollar AI Stock
• Positive Sentiment: Tower Semiconductor reported progress in photonics shipments to customers of Marvell, underscoring healthy demand in the optical connectivity ecosystem that supports Marvell’s AI data center business. Tower Semiconductor (TSEM) Advances AI Data Center Connectivity With Photonics Milestone

Analyst Ratings Changes

A number of research analysts recently issued reports on MRVL shares. Melius Research set a $220.00 price target on shares of Marvell Technology in a research note on Monday, May 18th. HSBC set a $300.00 price objective on shares of Marvell Technology and gave the company a “buy” rating in a report on Tuesday, May 26th. Citigroup lifted their price objective on shares of Marvell Technology from $118.00 to $215.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Royal Bank Of Canada reiterated an “outperform” rating and set a $360.00 target price on shares of Marvell Technology in a research note on Tuesday. Finally, UBS Group increased their target price on Marvell Technology from $230.00 to $340.00 and gave the company a “buy” rating in a report on Monday, June 29th. Three investment 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 stock. Based on data from MarketBeat.com, Marvell Technology has an average rating of “Moderate Buy” and a consensus price target of $244.97.

Insiders Place Their Bets

In related news, COO Chris Koopmans sold 10,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief operating officer directly owned 227,754 shares of the company’s stock, valued at $64,208,407.68. This represents a 4.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Daniel Durn sold 2,250 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $281.01, for a total value of $632,272.50. Following the transaction, the chief financial officer owned 6,902 shares in the company, valued at $1,939,531.02. This represents a 24.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 160,373 shares of company stock worth $24,938,664. Corporate insiders own 0.12% of the company’s stock.

Marvell Technology Trading Up 5.0%

NASDAQ MRVL opened at $243.27 on Friday. The firm’s fifty day moving average price is $235.20 and its 200 day moving average price is $144.29. Marvell Technology, Inc. has a 12 month low of $61.44 and a 12 month high of $329.88. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.28 and a quick ratio of 2.66. The company has a market capitalization of $212.81 billion, a price-to-earnings ratio of 83.31, a price-to-earnings-growth ratio of 1.52 and a beta of 2.20.

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. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The firm had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the previous year, the company earned $0.62 earnings per share. Marvell Technology’s quarterly revenue 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. On average, sell-side analysts expect that Marvell Technology, Inc. will post 3.07 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders 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 payout ratio is presently 8.22%.

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.