Marvell Technology, Inc. $MRVL Shares Newly Bought by Integrity Alliance LLC.

Integrity Alliance LLC. acquired a new position in Marvell Technology, Inc. (NASDAQ:MRVL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 16,775 shares of the semiconductor company’s stock, valued at approximately $4,432,000.

Several other institutional investors also recently bought and sold shares of MRVL. Cape ANN Savings Bank raised its holdings in shares of Marvell Technology by 2.3% during the second quarter. Cape ANN Savings Bank now owns 2,245 shares of the semiconductor company’s stock valued at $669,000 after acquiring an additional 50 shares during the last quarter. Arlington Trust Co LLC boosted its stake in shares of Marvell Technology by 24.1% in the second quarter. Arlington Trust Co LLC now owns 268 shares of the semiconductor company’s stock worth $80,000 after acquiring an additional 52 shares during the last quarter. GoalVest Advisory LLC boosted its stake in shares of Marvell Technology by 26.0% in the second quarter. GoalVest Advisory LLC now owns 315 shares of the semiconductor company’s stock worth $94,000 after acquiring an additional 65 shares during the last quarter. Washington Trust Advisors Inc. increased its position in shares of Marvell Technology by 88.5% during the third quarter. Washington Trust Advisors Inc. now owns 147 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 69 shares in the last quarter. Finally, HBW Advisory Services LLC increased its position in shares of Marvell Technology by 3.3% during the second quarter. HBW Advisory Services LLC now owns 2,270 shares of the semiconductor company’s stock worth $676,000 after purchasing an additional 73 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Marvell Technology Trading Up 0.3%

Shares of Marvell Technology stock opened at $171.97 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.17 and a quick ratio of 2.62. The stock’s 50 day simple moving average is $240.15 and its 200-day simple moving average is $183.26. The stock has a market cap of $150.80 billion, a P/E ratio of 56.76, a P/E/G ratio of 5.11 and a beta of 2.32. Marvell Technology, Inc. has a 1-year low of $70.68 and a 1-year high of $329.88.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings results on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.93 by $0.01. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%. The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.72 billion. During the same quarter last year, the firm earned $0.67 earnings per share. The business’s revenue for the quarter was up 36.5% on a year-over-year basis. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Analysts predict that Marvell Technology, Inc. will post 3.05 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 29th. Shareholders of record on Friday, October 9th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.1%. The ex-dividend date was Friday, October 9th. Marvell Technology’s dividend payout ratio is presently 7.92%.

Trending Headlines about Marvell Technology

Here are the key news stories impacting Marvell Technology this week:

• Positive Sentiment: The proposed all-stock acquisition of Lumentum would combine Marvell’s custom chips and networking products with Lumentum’s optical technology for AI data centers. Marvell expects more than $1 billion in annual cost savings and says the deal could increase adjusted earnings per share in its first year after closing. Read More.
• Positive Sentiment: Some analysts continue to see upside: BMO kept its Buy rating and $325 target, while UBS maintained its Buy rating and $350 target, viewing the deal as supportive of Marvell’s optical-networking opportunity. Read More. Read More.
• Neutral Sentiment: Shares recovered some ground as chip stocks bounced following a sharp selloff, though the rebound followed pronounced losses tied to the acquisition announcement. Read More.
• Neutral Sentiment: COO Chris Koopmans sold 10,000 shares under a pre-arranged Rule 10b5-1 trading plan; he retained 202,800 shares, making the transaction less clearly a signal about near-term prospects. Read More.
• Negative Sentiment: Downgrades and steep target cuts highlighted concerns about dilution, regulatory approval, potential customer conflicts, and execution. BofA cut its rating to Neutral and TD Cowen moved to Hold, with both sharply reducing their targets. Read More. Read More.

Insider Buying and Selling

In other news, CEO Matthew J. Murphy sold 7,500 shares of Marvell Technology stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $235.47, for a total transaction of $1,766,025.00. Following the transaction, the chief executive officer owned 768,186 shares in the company, valued at $180,884,757.42. The trade was a 0.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Sandeep Bharathi sold 3,685 shares of the business’s stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $234.97, for a total transaction of $865,864.45. Following the transaction, the insider directly owned 58,748 shares in the company, valued at approximately $13,804,017.56. The trade was a 5.90% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 57,285 shares of company stock valued at $12,901,763 in the last quarter. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Raymond James Financial reissued a “strong-buy” rating on shares of Marvell Technology in a research note on Thursday, October 29th. Erste Group Bank cut shares of Marvell Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Evercore reaffirmed an “outperform” rating and set a $433.00 target price on shares of Marvell Technology in a report on Tuesday, October 6th. Wells Fargo & Company dropped their target price on shares of Marvell Technology from $365.00 to $285.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, Cantor Fitzgerald reduced their target price on shares of Marvell Technology from $350.00 to $225.00 and set a “neutral” rating for the company in a research report on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $300.85.

About Marvell Technology

Marvell Technology, Inc (NASDAQ: MRVL) is a semiconductor company that develops infrastructure solutions for data centers, telecommunications networks, enterprise systems, automotive applications and other connected markets. Its products are designed to support the movement, processing, storage and security of data across complex computing and communications environments.

The company’s portfolio includes data-processing and networking processors, custom application-specific integrated circuits, Ethernet switches and controllers, storage controllers, connectivity products, and electro-optics solutions.