24,128 Shares in Marvell Technology, Inc. $MRVL Purchased by Mandatum Life Insurance Co Ltd

Mandatum Life Insurance Co Ltd acquired a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the 1st quarter, Holdings Channel reports. The fund acquired 24,128 shares of the semiconductor company’s stock, valued at approximately $2,390,000.

A number of other institutional investors have also added to or reduced their stakes in MRVL. Mayflower Financial Advisors LLC increased its position in shares of Marvell Technology by 1.7% during the 1st quarter. Mayflower Financial Advisors LLC now owns 4,109 shares of the semiconductor company’s stock valued at $407,000 after purchasing an additional 68 shares during the last quarter. Bell Investment Advisors Inc grew its holdings in shares of Marvell Technology by 12.9% in the first quarter. Bell Investment Advisors Inc now owns 628 shares of the semiconductor company’s stock worth $62,000 after purchasing an additional 72 shares during the last quarter. Schear Investment Advisers LLC increased its position in shares of Marvell Technology by 1.4% in the first quarter. Schear Investment Advisers LLC now owns 7,551 shares of the semiconductor company’s stock valued at $748,000 after acquiring an additional 106 shares during the period. Thoma Capital Management LLC increased its holdings in Marvell Technology by 1.3% during the 1st quarter. Thoma Capital Management LLC now owns 8,711 shares of the semiconductor company’s stock valued at $863,000 after purchasing an additional 114 shares during the period. Finally, Pittenger & Anderson Inc. increased its stake in shares of Marvell Technology by 61.5% during the first quarter. Pittenger & Anderson Inc. now owns 315 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 120 shares during the period. Institutional investors own 83.51% of the company’s stock.

Insider Activity at Marvell Technology

In other Marvell Technology news, CFO Willem A. Meintjes sold 4,000 shares of Marvell Technology stock in a transaction on Friday, May 15th. The shares were sold at an average price of $175.24, for a total value of $700,960.00. Following the completion of the transaction, the chief financial officer directly owned 226,675 shares of the company’s stock, valued at $39,722,527. This trade represents a 1.73% decrease in their position. 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. Also, EVP Mark Casper sold 10,000 shares of Marvell Technology stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $135.50, for a total value of $1,355,000.00. Following the completion of the transaction, the executive vice president owned 35,878 shares of the company’s stock, valued at approximately $4,861,469. This represents a 21.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 122,873 shares of company stock valued at $19,909,914 in the last 90 days. 0.12% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on MRVL shares. JPMorgan Chase & Co. increased their price target on shares of Marvell Technology from $135.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Evercore reaffirmed an “outperform” rating and issued a $155.00 price target on shares of Marvell Technology in a research report on Tuesday, May 19th. Benchmark boosted their price objective on shares of Marvell Technology from $130.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Susquehanna upped their target price on shares of Marvell Technology from $100.00 to $230.00 and gave the company a “positive” rating in a research note on Tuesday, May 26th. Finally, Bank of America increased their price target on Marvell Technology from $240.00 to $365.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Three 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $245.45.

Marvell Technology Stock Up 2.3%

MRVL opened at $222.44 on Wednesday. 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, Inc. has a fifty-two week low of $61.44 and a fifty-two week high of $329.88. The firm’s fifty day moving average is $238.91 and its 200 day moving average is $147.23. The stock has a market cap of $194.59 billion, a price-to-earnings ratio of 76.18, a price-to-earnings-growth ratio of 1.42 and a beta of 2.20.

Marvell Technology (NASDAQ:MRVL) last posted 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. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The company had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the previous year, the firm earned $0.62 EPS. The firm’s 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 forecast that Marvell Technology, Inc. will post 3.07 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

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

Marvell Technology News Summary

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 Company 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.