Marvell Technology, Inc. $MRVL Shares Sold by Advent International L.P.

Advent International L.P. lessened its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVLFree Report) by 38.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 653,585 shares of the semiconductor company’s stock after selling 409,490 shares during the period. Marvell Technology accounts for approximately 1.1% of Advent International L.P.’s holdings, making the stock its 15th biggest position. Advent International L.P. owned 0.08% of Marvell Technology worth $54,947,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MRVL. Vanguard Group Inc. raised its position in shares of Marvell Technology by 23.5% during the 3rd quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock worth $6,692,830,000 after purchasing an additional 15,166,976 shares during the period. Norges Bank acquired a new position in Marvell Technology during the 2nd quarter valued at approximately $716,713,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in Marvell Technology by 4,758.5% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,036,216 shares of the semiconductor company’s stock worth $544,603,000 after buying an additional 6,891,393 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Marvell Technology by 59.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 16,624,827 shares of the semiconductor company’s stock worth $1,397,751,000 after buying an additional 6,217,952 shares during the last quarter. Finally, Amundi increased its position in Marvell Technology by 113.4% in the second quarter. Amundi now owns 8,648,350 shares of the semiconductor company’s stock worth $642,140,000 after buying an additional 4,596,309 shares during the period. Institutional investors own 83.51% of the company’s stock.

Marvell Technology Price Performance

Shares of NASDAQ MRVL opened at $87.86 on Friday. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week high of $102.77. The firm’s 50-day simple moving average is $81.70 and its 200 day simple moving average is $82.67. The company has a quick ratio of 1.64, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. The stock has a market cap of $76.54 billion, a P/E ratio of 28.53, a P/E/G ratio of 0.89 and a beta of 1.97.

Marvell Technology (NASDAQ:MRVLGet Free Report) last released its earnings results on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.21 billion. Marvell Technology had a return on equity of 14.40% and a net margin of 32.58%.The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 earnings per share. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. Equities analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Evercore reissued an “outperform” rating and set a $133.00 price target on shares of Marvell Technology in a report on Wednesday, March 4th. Susquehanna reaffirmed a “positive” rating on shares of Marvell Technology in a report on Tuesday, February 24th. Royal Bank Of Canada lifted their price objective on shares of Marvell Technology from $105.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd. Bank of America raised shares of Marvell Technology from a “neutral” rating to a “buy” rating and boosted their target price for the company from $90.00 to $110.00 in a research note on Friday, March 6th. Finally, Barclays upped their target price on shares of Marvell Technology from $80.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Marvell Technology has a consensus rating of “Moderate Buy” and an average target price of $117.24.

View Our Latest Research Report on MRVL

Insider Buying and Selling at Marvell Technology

In other news, EVP Mark Casper sold 5,000 shares of Marvell Technology stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $93.08, for a total value of $465,400.00. Following the transaction, the executive vice president owned 19,418 shares of the company’s stock, valued at $1,807,427.44. The trade was a 20.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.19% of the company’s stock.

Marvell Technology News Roundup

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

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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