This evening we watched Marvell Technology drop -5.3% to a price of $52.8 per share. The large-cap Semiconductors company is now trading -24.03% below its average target price of $69.5. Analysts have set target prices ranging from $56.0 to $100.0 per share for Marvell Technology, and have given the stock an average rating of buy.
Marvell Technology's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.1%. The stock's short ratio is 1.74. 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 mixed market sentiment regarding Marvell Technology.
Institutions Invested in Marvell Technology
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | FMR, LLC | 15% | 129,418,936 | $6,833,319,722 |
| 2023-09-30 | Vanguard Group Inc | 8% | 70,451,609 | $3,719,844,901 |
| 2023-09-30 | Blackrock Inc. | 7% | 59,455,275 | $3,139,238,474 |
| 2023-09-30 | Capital Research Global Investors | 4% | 35,605,787 | $1,879,985,526 |
| 2023-09-30 | T. Rowe Price Investment Management, Inc. | 3% | 26,697,651 | $1,409,635,952 |
| 2023-09-30 | State Street Corporation | 2% | 19,041,434 | $1,005,387,700 |
| 2023-09-30 | Price (T.Rowe) Associates Inc | 2% | 18,493,788 | $976,471,992 |
| 2023-09-30 | Goldman Sachs Group Inc | 2% | 16,626,728 | $877,891,225 |
| 2023-09-30 | Ameriprise Financial, Inc. | 2% | 14,786,866 | $780,746,513 |
| 2023-09-30 | Matrix Capital Management | 2% | 13,166,824 | $695,208,297 |
