Lido Advisors LLC Buys 64,891 Shares of Marvell Technology, Inc. $MRVL

Lido Advisors LLC bought a new position in Marvell Technology, Inc. (NASDAQ:MRVL) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 64,891 shares of the semiconductor company’s stock, valued at approximately $17,145,000.

Other institutional investors have also recently bought and sold shares of the company. C M Bidwell & Associates Ltd. bought a new stake in Marvell Technology in the 2nd quarter valued at $27,000. Investment Research & Advisory Group Inc. bought a new position in shares of Marvell Technology during the 3rd quarter worth about $25,000. Aberdeen Wealth Management LLC bought a new position in shares of Marvell Technology during the 2nd quarter worth about $30,000. Sawyer & Company Inc bought a new position in shares of Marvell Technology during the 3rd quarter worth about $26,000. Finally, Sunrise Financial Services LLC acquired a new stake in shares of Marvell Technology during the 3rd quarter valued at about $26,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

Insider Activity

In related news, insider Sandeep Bharathi sold 3,685 shares of Marvell Technology 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 completion of the transaction, the insider directly owned 58,748 shares of the company’s stock, valued at $13,804,017.56. This trade represents a 5.90% decrease in their position. The sale was disclosed in a document filed with the SEC, 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, CAO Justin Scarpulla sold 1,100 shares of Marvell Technology stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $273.59, for a total transaction of $300,949.00. Following the transaction, the chief accounting officer directly owned 909 shares of the company’s stock, valued at $248,693.31. This represents a 54.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 57,285 shares of company stock worth $12,901,763. Company insiders own 0.12% of the company’s stock.

Key Stories Impacting Marvell Technology

Here are a few of the latest stories about MRVL:

• Positive Sentiment: The proposed Lumentum acquisition could combine Marvell’s silicon capabilities with optical technology for AI data centers. Marvell has touted stronger long-term growth and more than $1 billion in annual run-rate cost synergies. Article: Marvell Jumps as AI Chip Rally Returns and Lumentum Deal Stays in Focus
• Neutral Sentiment: The rebound may be a recovery from a sharp selloff rather than confirmation of a lasting trend change. Recent strength in data-center demand supports the AI-growth case, but there was no single new company-specific catalyst reported. Article: Marvell Technology stock is rising: Is this a dead cat bounce or a real recovery?
• Negative Sentiment: Quiver reported that Marvell insiders made no open-market purchases and recorded 17 sales over the past six months. This may weigh on sentiment, although insider sales alone do not establish a negative outlook. Article: Marvell Jumps as AI Chip Rally Returns and Lumentum Deal Stays in Focus

Marvell Technology Stock Performance

Marvell Technology stock opened at $168.80 on Thursday. 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 has a fifty day moving average price of $231.09 and a two-hundred day moving average price of $185.39. Marvell Technology, Inc. has a 52-week low of $70.68 and a 52-week high of $329.88. The firm has a market capitalization of $148.02 billion, a P/E ratio of 55.71, a P/E/G ratio of 4.61 and a beta of 2.32.

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

Marvell Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Friday, October 9th were given a dividend of $0.06 per share. The ex-dividend date was Friday, October 9th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. Marvell Technology’s dividend payout ratio (DPR) is 7.92%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on MRVL shares. Craig Hallum reiterated a “buy” rating and set a $380.00 target price on shares of Marvell Technology in a research report on Wednesday, October 7th. Raymond James Financial reissued a “strong-buy” rating on shares of Marvell Technology in a research report 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. Weiss Ratings cut shares of Marvell Technology from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, November 2nd. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $325.00 price objective on shares of Marvell Technology in a report on Wednesday, October 7th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $300.09.

About Marvell Technology

Marvell Technology is a fabless semiconductor company that develops data infrastructure chips and related technologies. Its products include networking and Ethernet chips, storage controllers, processors, optical and connectivity solutions, and custom silicon used in data centers, carrier networks, enterprise systems, and other applications. The company’s products help move, store, process, and secure data across cloud and telecommunications infrastructure. Marvell serves customers around the world, including equipment makers and technology companies that incorporate its semiconductors into their systems.