Danica Pension Livsforsikringsaktieselskab Invests $151.49 Million in Marvell Technology, Inc. $MRVL

Danica Pension Livsforsikringsaktieselskab purchased a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,801,931 shares of the semiconductor company’s stock, valued at approximately $151,488,000. Marvell Technology comprises approximately 2.3% of Danica Pension Livsforsikringsaktieselskab’s portfolio, making the stock its 13th largest position. Danica Pension Livsforsikringsaktieselskab owned about 0.21% of Marvell Technology at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MRVL. Danske Bank A S bought a new stake in shares of Marvell Technology during the third quarter worth $135,105,000. Second Line Capital LLC raised its holdings in shares of Marvell Technology by 1.5% in the third quarter. Second Line Capital LLC now owns 46,304 shares of the semiconductor company’s stock valued at $3,893,000 after buying an additional 700 shares during the last quarter. Stance Capital LLC lifted its position in Marvell Technology by 4.1% during the 3rd quarter. Stance Capital LLC now owns 19,951 shares of the semiconductor company’s stock worth $1,677,000 after buying an additional 787 shares in the last quarter. Morningstar Investment Management LLC acquired a new position in Marvell Technology during the 3rd quarter worth about $6,686,000. Finally, Kestra Private Wealth Services LLC grew its holdings in Marvell Technology by 50.5% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 32,833 shares of the semiconductor company’s stock worth $2,760,000 after acquiring an additional 11,021 shares during the last quarter. 83.51% of the stock is owned by institutional investors and hedge funds.

Marvell Technology Stock Down 0.9%

Shares of NASDAQ:MRVL opened at $90.79 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.58. The stock has a market cap of $79.38 billion, a price-to-earnings ratio of 29.48, a P/E/G ratio of 0.83 and a beta of 1.97. The company has a 50 day moving average of $81.78 and a 200-day moving average of $83.02. Marvell Technology, Inc. has a one year low of $47.08 and a one year high of $102.77.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.01. Marvell Technology had a net margin of 32.58% and a return on equity of 14.22%. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same period in the prior year, the business posted $0.60 earnings per share. Marvell Technology’s revenue was up 22.1% compared to the same quarter last year. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. On average, sell-side analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Insider Buying and Selling at Marvell Technology

In related 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 transaction 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. This trade represents a 20.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.33% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on MRVL shares. B. Riley Financial reaffirmed a “buy” rating and issued a $135.00 target price (up from $130.00) on shares of Marvell Technology in a research note on Friday, March 6th. Needham & Company LLC lowered their price target on shares of Marvell Technology from $120.00 to $118.00 and set a “buy” rating for the company in a report on Tuesday, February 3rd. The Goldman Sachs Group boosted their price objective on shares of Marvell Technology from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 3rd. JPMorgan Chase & Co. upped their price objective on Marvell Technology from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Friday, March 6th. Finally, TD Cowen increased their price objective on Marvell Technology from $85.00 to $90.00 and gave the company a “hold” rating in a research report on Friday, March 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $117.24.

About Marvell Technology

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.