This afternoon we watched Marvell Technology rise 5.8% to a price of $84.77 per share. The Large-Cap Semiconductors company is now trading -7.97% below its average target price of $92.11. Analysts have set target prices ranging from $74.2 to $120.0 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 2.5%. The stock's short ratio is 1.7. 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 92.3%. In conclusion, we believe there is mixed market sentiment regarding Marvell Technology.
Institutions Invested in Marvell Technology
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | FMR, LLC | 15% | 129,872,973 | $11,009,331,485 |
| 2024-06-30 | Vanguard Group Inc | 8% | 74,409,634 | $6,307,704,424 |
| 2024-06-30 | Blackrock Inc. | 7% | 61,164,030 | $5,184,874,617 |
| 2024-06-30 | T. Rowe Price Investment Management, Inc. | 3% | 25,678,716 | $2,176,784,669 |
| 2024-06-30 | Goldman Sachs Group Inc | 2% | 21,220,253 | $1,798,840,775 |
| 2024-06-30 | Brown Advisory Inc. | 2% | 20,548,995 | $1,741,938,237 |
| 2024-06-30 | State Street Corporation | 2% | 19,874,762 | $1,684,783,508 |
| 2024-06-30 | JP Morgan Chase & Company | 2% | 18,944,572 | $1,605,931,304 |
| 2024-06-30 | Matrix Capital Management | 2% | 15,055,500 | $1,276,254,684 |
| 2024-06-30 | Janus Henderson Group PLC | 1% | 13,231,492 | $1,121,633,532 |
