Understanding Why Marvell Technology Stock Is Moving Up Today.

This morning we watched Marvell Technology rise 4.2% to a price of $59.95 per share. The large-cap Semiconductors company is now trading -10.95% below its average target price of $67.32. 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 2.4%. The stock's short ratio is 1.93. The company's insiders own 0.5% 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 86.9%. 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 $7,758,665,311
2023-09-30 Vanguard Group Inc 8% 70,451,609 $4,223,574,013
2023-09-30 Blackrock Inc. 7% 59,455,275 $3,564,343,781
2023-09-30 Capital Research Global Investors 4% 35,605,787 $2,134,566,957
2023-09-30 T. Rowe Price Investment Management, Inc. 3% 26,697,651 $1,600,524,197
2023-09-30 State Street Corporation 2% 19,041,434 $1,141,533,982
2023-09-30 Price (T.Rowe) Associates Inc 2% 18,493,788 $1,108,702,604
2023-09-30 Goldman Sachs Group Inc 2% 16,626,728 $996,772,356
2023-09-30 Ameriprise Financial, Inc. 2% 14,786,866 $886,472,627
2023-09-30 Matrix Capital Management 2% 13,166,824 $789,351,108
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.