Assessing Bearish Sentiment Towards Marvell Technology

By Kim Brooks • Friday, March 08 10:09 • Permanent Link

After this morning's -6.4% drop to $79.64 per share, Marvell Technology might just keep moving past its target price of $76.41. With an average analyst rating of buy, and target prices from $56.0 to $100.0, the stock's next move is anyone's guess.

The stock has an average amount of shares sold short at 3.1%, and a short ratio of 1.7. The company's insiders own 0.5% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 88.6% of Marvell Technology's shares being owned by this investor type.

Institutions Invested in Marvell Technology

Date Reported	Holder	Percentage	Shares	Value
2023-12-31	FMR, LLC	15%	129,672,224	$10,327,095,840
2023-12-31	Vanguard Group Inc	8%	72,342,307	$5,761,341,285
2023-12-31	Blackrock Inc.	7%	60,494,559	$4,817,786,641
2023-12-31	Capital Research Global Investors	4%	35,791,266	$2,850,416,402
2023-12-31	T. Rowe Price Investment Management, Inc.	3%	26,551,117	$2,114,530,941
2023-12-31	State Street Corporation	2%	19,736,940	$1,571,849,889
2023-12-31	Goldman Sachs Group Inc	2%	16,322,203	$1,299,900,236
2023-12-31	Matrix Capital Management	2%	15,055,500	$1,199,020,010
2023-12-31	Brown Advisory Inc.	2%	14,764,957	$1,175,881,166
2023-12-31	Ameriprise Financial, Inc.	2%	14,786,075	$1,177,563,003

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.