Andra AP fonden Sells 30,200 Shares of Marvell Technology, Inc. $MRVL

Andra AP fonden lowered its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 63.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,144 shares of the semiconductor company’s stock after selling 30,200 shares during the period. Andra AP fonden’s holdings in Marvell Technology were worth $1,441,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Marvell Technology by 23.5% in the 3rd quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock worth $6,692,830,000 after buying an additional 15,166,976 shares in the last quarter. Brown Advisory Inc. raised its stake in Marvell Technology by 8.0% during the second quarter. Brown Advisory Inc. now owns 20,840,336 shares of the semiconductor company’s stock worth $1,613,044,000 after acquiring an additional 1,539,809 shares in the last quarter. State Street Corp raised its stake in Marvell Technology by 2.7% during the second quarter. State Street Corp now owns 20,573,260 shares of the semiconductor company’s stock worth $1,592,370,000 after acquiring an additional 533,946 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Marvell Technology by 16.4% during the second quarter. Ameriprise Financial Inc. now owns 10,406,875 shares of the semiconductor company’s stock valued at $805,473,000 after acquiring an additional 1,464,571 shares during the period. Finally, Norges Bank bought a new position in shares of Marvell Technology during the second quarter valued at $716,713,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

Marvell Technology Stock Up 3.0%

Shares of NASDAQ MRVL opened at $81.69 on Monday. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $102.77. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.01. The stock has a market cap of $71.17 billion, a P/E ratio of 28.66, a P/E/G ratio of 0.66 and a beta of 1.97. The firm has a 50 day moving average price of $81.90 and a 200 day moving average price of $81.93.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period last year, the firm posted $0.43 earnings per share. The business’s quarterly revenue was up 36.8% compared to the same quarter last year. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. Analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Friday, January 9th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Friday, January 9th. Marvell Technology’s dividend payout ratio is 8.42%.

Insider Activity

In related news, EVP Mark Casper sold 5,000 shares of Marvell Technology stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $93.08, for a total value of $465,400.00. Following the sale, the executive vice president owned 19,418 shares of the company’s stock, valued at approximately $1,807,427.44. This trade represents a 20.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Piper Sandler set a $110.00 target price on shares of Marvell Technology in a research note on Wednesday, December 3rd. Susquehanna reissued a “positive” rating on shares of Marvell Technology in a report on Tuesday, February 24th. Jefferies Financial Group raised their price objective on shares of Marvell Technology from $80.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Roth Mkm upped their target price on shares of Marvell Technology from $105.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Finally, The Goldman Sachs Group raised their price target on shares of Marvell Technology from $80.00 to $90.00 and gave the company a “neutral” rating in a report on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, Marvell Technology currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.31.

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.