Tlwm Boosts Stock Position in Marvell Technology, Inc. $MRVL

Tlwm raised its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 84.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 16,711 shares of the semiconductor company’s stock after buying an additional 7,652 shares during the period. Tlwm’s holdings in Marvell Technology were worth $1,405,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of MRVL. Game Plan Financial Advisors LLC purchased a new position in Marvell Technology in the second quarter worth $27,000. Kiker Wealth Management LLC increased its position in Marvell Technology by 374.7% during the 2nd quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 281 shares in the last quarter. Nova Wealth Management Inc. raised its stake in Marvell Technology by 3,922.2% in the third quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 353 shares during the last quarter. Westside Investment Management Inc. boosted its holdings in Marvell Technology by 62.5% in the second quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 160 shares in the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of Marvell Technology during the second quarter worth about $32,000. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Insider Buying and Selling at Marvell Technology

In other news, EVP Mark Casper sold 1,253 shares of Marvell Technology stock in a transaction on Friday, December 5th. The stock was sold at an average price of $101.00, for a total value of $126,553.00. Following the completion of the sale, the executive vice president owned 9,023 shares of the company’s stock, valued at $911,323. The trade was a 12.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sandeep Bharathi bought 3,400 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The stock was acquired at an average price of $78.03 per share, with a total value of $265,302.00. Following the completion of the purchase, the insider directly owned 73,392 shares of the company’s stock, valued at approximately $5,726,777.76. The trade was a 4.86% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have acquired 27,200 shares of company stock valued at $2,109,632. 0.19% of the stock is currently owned by insiders.

Marvell Technology Trading Down 0.4%

Shares of MRVL stock opened at $84.09 on Friday. The company has a market capitalization of $71.32 billion, a price-to-earnings ratio of 29.51, a PEG ratio of 0.82 and a beta of 1.93. The company has a current ratio of 2.01, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average price of $87.72 and a 200 day moving average price of $79.01. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve month high of $127.48.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The firm’s revenue for the quarter was up 36.8% compared to the same quarter last year. During the same period last year, the company earned $0.43 EPS. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. Research analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology announced that its board has initiated a share repurchase plan on Wednesday, September 24th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 7.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Marvell Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 29th. Shareholders of record on Friday, January 9th will be issued a $0.06 dividend. The ex-dividend date is Friday, January 9th. This represents a $0.24 annualized dividend and a yield of 0.3%. Marvell Technology’s payout ratio is 8.42%.

Analysts Set New Price Targets

MRVL has been the subject of several research reports. Summit Redstone set a $105.00 price objective on shares of Marvell Technology in a research note on Wednesday, October 15th. Jefferies Financial Group raised their target price on Marvell Technology from $80.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. Bank of America reissued a “neutral” rating and issued a $78.00 price objective (down from $90.00) on shares of Marvell Technology in a report on Friday, August 29th. KeyCorp lifted their target price on Marvell Technology from $90.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, December 3rd. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $150.00 price target (up from $115.00) on shares of Marvell Technology in a research report on Wednesday, December 3rd. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $111.25.

About Marvell Technology

Marvell Technology Group is a global semiconductor company that designs and develops integrated circuits and related software for data infrastructure, networking, storage and connectivity markets. The company’s product portfolio includes system-on-chip (SoC) solutions, Ethernet physical-layer transceivers (PHYs), switch and switch silicon, optical interconnect components, storage controllers, and security processors. Marvell’s technology is used to enable high-performance data centers, carrier networks, enterprise and cloud storage, as well as connectivity in automotive and industrial applications.

Founded in 1995 and headquartered in Santa Clara, California, Marvell has grown through both organic development and strategic acquisitions to broaden its capabilities across networking and data interconnect.