Mizuho Markets Americas LLC Purchases New Position in Marvell Technology, Inc. $MRVL

Mizuho Markets Americas LLC acquired a new stake in Marvell Technology, Inc. (NASDAQ:MRVLFree Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,314 shares of the semiconductor company’s stock, valued at approximately $427,000.

Other hedge funds also recently made changes to their positions in the company. Mayflower Financial Advisors LLC boosted its position in shares of Marvell Technology by 1.7% in 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 period. Bell Investment Advisors Inc lifted its stake in Marvell Technology by 12.9% in the first quarter. Bell Investment Advisors Inc now owns 628 shares of the semiconductor company’s stock valued at $62,000 after buying an additional 72 shares during the last quarter. World Equity Group Inc. lifted its stake in Marvell Technology by 2.1% in the first quarter. World Equity Group Inc. now owns 3,919 shares of the semiconductor company’s stock valued at $388,000 after buying an additional 80 shares during the last quarter. Schear Investment Advisers LLC boosted its holdings 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. Finally, Enterprise Financial Services Corp boosted its holdings in shares of Marvell Technology by 3.5% in the first quarter. Enterprise Financial Services Corp now owns 3,188 shares of the semiconductor company’s stock valued at $316,000 after acquiring an additional 107 shares during the period. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MRVL. B. Riley Financial lifted their target price on shares of Marvell Technology from $240.00 to $345.00 and gave the company a “buy” rating in a report on Friday, June 12th. Morgan Stanley raised their price objective on shares of Marvell Technology from $172.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Susquehanna lifted their price objective 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. Loop Capital raised shares of Marvell Technology to a “strong-buy” rating in a report on Tuesday, June 16th. Finally, Zacks Research upgraded shares of Marvell Technology from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Marvell Technology has an average rating of “Moderate Buy” and an average price target of $245.45.

Check Out Our Latest Research Report on Marvell Technology

Insider Activity at Marvell Technology

In other news, CFO Willem A. Meintjes sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $175.24, for a total value of $700,960.00. Following the completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew J. Murphy sold 7,500 shares of Marvell Technology stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $177.26, for a total value of $1,329,450.00. Following the completion of the sale, the chief executive officer owned 739,397 shares in the company, valued at approximately $131,065,512.22. This trade represents a 1.00% decrease in their ownership of the stock. 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 a total of 45,981 shares of company stock worth $9,835,542 in the last three months. 0.12% of the stock is currently owned by corporate insiders.

More Marvell Technology News

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

Marvell Technology Stock Performance

NASDAQ:MRVL opened at $209.32 on Friday. 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 firm has a market cap of $183.11 billion, a price-to-earnings ratio of 71.68, a price-to-earnings-growth ratio of 1.32 and a beta of 2.20. The firm’s fifty day moving average price is $243.07 and its 200 day moving average price is $152.87. Marvell Technology, Inc. has a 1-year low of $61.44 and a 1-year high of $329.88.

Marvell Technology (NASDAQ:MRVLGet Free Report) last released its earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80. The company had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The business’s revenue was up 27.6% on a year-over-year basis. During the same quarter last year, the business earned $0.62 EPS. 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 EPS for the current year.

Marvell Technology Announces Dividend

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

About Marvell Technology

(Free Report)

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.

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Institutional Ownership by Quarter for Marvell Technology (NASDAQ:MRVL)

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