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 |
