Danica Pension Livsforsikringsaktieselskab Invests $53.93 Million in Marvell Technology, Inc. $MRVL

by · The Markets Daily

Danica Pension Livsforsikringsaktieselskab acquired a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 181,040 shares of the semiconductor company’s stock, valued at approximately $53,930,000. Marvell Technology makes up 0.9% of Danica Pension Livsforsikringsaktieselskab’s holdings, making the stock its 27th biggest position.

Several other large investors also recently added to or reduced their stakes in the stock. Laurel Wealth Advisors LLC purchased a new position in shares of Marvell Technology during the fourth quarter worth approximately $25,000. Hilton Head Capital Partners LLC boosted its holdings in shares of Marvell Technology by 978.3% in the first quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 225 shares during the period. Jessup Wealth Management Inc bought a new position in Marvell Technology in the fourth quarter worth approximately $25,000. Cherry Tree Wealth Management LLC bought a new position in Marvell Technology in the fourth quarter worth approximately $26,000. Finally, MidFirst Bank purchased a new position in Marvell Technology during the 4th quarter worth $28,000. 83.51% of the stock is owned by hedge funds and other institutional investors.

Marvell Technology Stock Up 5.8%

NASDAQ:MRVL opened at $251.01 on Friday. Marvell Technology, Inc. has a fifty-two week low of $61.44 and a fifty-two week high of $329.88. The stock has a market capitalization of $219.58 billion, a P/E ratio of 85.96, a P/E/G ratio of 1.48 and a beta of 2.24. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.66 and a current ratio of 3.28. The company’s 50-day simple moving average is $234.59 and its 200-day simple moving average is $170.57.

Marvell Technology (NASDAQ:MRVL – Get Free Report) last released its quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.80. The business had revenue of $2.42 billion for the quarter, compared to analyst estimates 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 for the quarter was up 27.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.62 earnings per share. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. On average, equities analysts anticipate that Marvell Technology, Inc. will post 3.07 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Friday, July 10th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Friday, July 10th. Marvell Technology’s dividend payout ratio is currently 8.22%.

Insiders Place Their Bets

In other news, COO Chris Koopmans sold 10,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $180.50, for a total transaction of $1,805,000.00. Following the sale, the chief operating officer owned 227,941 shares in the company, valued at approximately $41,143,350.50. The trade was a 4.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Daniel Durn sold 2,250 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $281.01, for a total transaction of $632,272.50. Following the transaction, the chief financial officer owned 6,902 shares in the company, valued at approximately $1,939,531.02. This trade represents a 24.58% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 41,981 shares of company stock valued at $9,753,132. 0.12% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MRVL has been the subject of a number of research analyst reports. Barclays reaffirmed an “overweight” rating on shares of Marvell Technology in a research report on Thursday. Evercore restated an “outperform” rating and set a $155.00 price target on shares of Marvell Technology in a research note on Tuesday, May 19th. Needham & Company LLC lifted their price objective on Marvell Technology from $118.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marvell Technology in a research note on Wednesday, June 24th. Finally, Stifel Nicolaus increased their target price on shares of Marvell Technology from $321.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $250.27.

Read Our Latest Stock Report on MRVL

Key Marvell Technology News

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

  • Positive Sentiment: Marvell agreed to develop custom silicon connected to Google’s Tensor Processing Unit ecosystem, including inference accelerators, storage and networking controllers, and memory-interface products. The deal broadens Marvell’s role in Google’s AI infrastructure and could challenge Broadcom’s long-standing position as Google’s primary custom-chip partner. Marvell pops on AI chip deal
  • Positive Sentiment: Google received warrants to purchase up to approximately 58.97 million Marvell shares at $206.58 each, potentially representing about 6.7% of shares outstanding and roughly $12.2 billion in value. The warrants vest in stages based on Google’s purchases, aligning Google’s future AI-chip spending with Marvell’s growth. Marvell shares jump as Google warrant deepens partnership
  • Positive Sentiment: Analysts described the agreement as a major long-term catalyst. JPMorgan sees a potential $120 billion cumulative opportunity through fiscal 2033, while RBC reaffirmed an Outperform rating with a $360 price target. Stifel and William Blair also issued or maintained Buy recommendations. Marvell’s Google AI deal could unlock opportunity
  • Positive Sentiment: Technical momentum also improved after MRVL reclaimed its 50-day moving average, supporting a bullish-trend thesis and forecasts for a possible move toward $300. Marvell overtakes 50-day moving average

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.

Featured Articles

Want to see what other hedge funds are holding MRVL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marvell Technology, Inc. (NASDAQ:MRVL – Free Report).