Marvell Technology stock is trading -24.74% below its average target price of $69.85 after dropping -3.8% during today's afternoon session. Analysts are giving the large-cap Semiconductors company an average rating of buy and target prices ranging from $56.0 to $100.0 per share.
Marvell Technology's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.8%. The stock's short ratio is 1.53. The company's insiders own 0.48% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 87.4%. In conclusion, we believe there is positive market sentiment regarding Marvell Technology.
Institutions Invested in Marvell Technology
|2023-06-30||Vanguard Group Inc||8%||69,973,878||$3,678,526,745|
|2023-06-30||Capital Research Global Investors||4%||32,634,677||$1,715,604,959|
|2023-06-30||Price (T.Rowe) Associates Inc||4%||30,837,004||$1,621,101,290|
|2023-06-30||T. Rowe Price Investment Management, Inc.||3%||26,818,060||$1,409,825,406|
|2023-06-30||State Street Corporation||2%||18,702,567||$983,193,941|
|2023-06-30||Goldman Sachs Group Inc||2%||16,806,247||$883,504,399|
|2023-06-30||Ameriprise Financial, Inc.||2%||15,457,059||$812,577,586|
|2023-06-30||Geode Capital Management, LLC||1%||12,472,444||$655,676,377|