Leelyn Smith LLC Purchases New Shares in Marvell Technology, Inc. $MRVL

Leelyn Smith LLC purchased a new position in Marvell Technology, Inc. (NASDAQ:MRVL) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,681 shares of the semiconductor company’s stock, valued at approximately $1,823,000.

Other institutional investors have also added to or reduced their stakes in the company. Game Plan Financial Advisors LLC bought a new stake in shares of Marvell Technology during the 2nd quarter valued at $27,000. Atlantic Edge Private Wealth Management LLC boosted its stake in Marvell Technology by 160.0% during the third quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 200 shares in the last quarter. Kiker Wealth Management LLC grew its holdings in Marvell Technology by 374.7% in the second quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 281 shares during the period. Nova Wealth Management Inc. increased its stake in shares of Marvell Technology by 3,922.2% during the third quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 353 shares in the last quarter. Finally, Westside Investment Management Inc. lifted its holdings in shares of Marvell Technology by 62.5% during the second quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 160 shares during the last quarter. Institutional investors own 83.51% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Mark Casper sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $93.08, for a total value of $465,400.00. Following the completion of the sale, the executive vice president directly owned 19,418 shares of the company’s stock, valued at $1,807,427.44. This trade represents a 20.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.19% of the stock is owned by insiders.

Marvell Technology Stock Up 0.7%

Shares of MRVL stock opened at $83.10 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month high of $127.48. The stock has a market cap of $70.48 billion, a P/E ratio of 29.16, a P/E/G ratio of 0.80 and a beta of 1.95. The company has a 50 day simple moving average of $85.81 and a two-hundred day simple moving average of $80.99.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Marvell Technology had a return on equity of 13.15% and a net margin of 31.75%.The business’s quarterly revenue was up 36.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.43 earnings per share. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. On average, research analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 29th. Investors of record on Friday, January 9th will be given 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 dividend payout ratio (DPR) is currently 8.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on MRVL shares. Stifel Nicolaus boosted their target price on Marvell Technology from $95.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Rosenblatt Securities reiterated a “buy” rating and issued a $120.00 price target on shares of Marvell Technology in a research note on Wednesday, January 7th. JPMorgan Chase & Co. raised their price objective on shares of Marvell Technology from $120.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, December 3rd. Summit Insights raised shares of Marvell Technology from a “hold” rating to a “buy” rating in a report on Wednesday, December 3rd. Finally, B. Riley reiterated a “buy” rating and set a $130.00 price target (up previously from $100.00) on shares of Marvell Technology in a report on Wednesday, December 3rd. Three analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $115.09.

Marvell Technology Profile

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.