Why Is MRVL Falling Today?

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

Date Reported Holder Percentage Shares Value
2023-06-30 FMR, LLC 15% 128,997,314 $6,781,388,757
2023-06-30 Vanguard Group Inc 8% 69,973,878 $3,678,526,745
2023-06-30 Blackrock Inc. 7% 58,468,789 $3,073,704,219
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
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.