Marvell Technology stock is trading -14.41% below its average target price of $66.9 after dropping -3.1% during today's afternoon session. Analysts are giving the large-cap Semiconductors company an average rating of buy and target prices ranging from $55.0 to $100.0 per share.
The stock has an average amount of shares sold short at 3.7%, and a short ratio of 1.39. The company's insiders own 0.57% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 86.4% of Marvell Technology's shares being owned by this investor type.
Institutions Invested in Marvell Technology
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | FMR, LLC | 15% | 128,532,727 | $7,359,783,732 |
| 2023-03-31 | Vanguard Group, Inc. (The) | 8% | 68,956,465 | $3,948,447,070 |
| 2023-03-31 | Blackrock Inc. | 6% | 52,729,229 | $3,019,275,564 |
| 2023-03-31 | Price (T.Rowe) Associates Inc | 5% | 42,009,812 | $2,405,481,764 |
| 2023-03-31 | T. Rowe Price Investment Management, Inc. | 3% | 26,751,145 | $1,531,770,517 |
| 2023-03-31 | State Street Corporation | 2% | 19,449,228 | $1,113,662,762 |
| 2023-03-31 | Ameriprise Financial, Inc. | 2% | 16,444,577 | $941,616,451 |
| 2023-03-31 | JP Morgan Chase & Company | 2% | 15,262,863 | $873,951,509 |
| 2023-03-31 | Goldman Sachs Group Inc | 2% | 14,289,842 | $818,236,328 |
| 2023-03-31 | Janus Henderson Group PLC | 2% | 13,099,444 | $750,074,141 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Marvell Technology.
