NBH Bank bought a new position in Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,754 shares of the semiconductor company’s stock, valued at approximately $992,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Cape ANN Savings Bank increased its holdings in shares of Marvell Technology by 2.3% in the 2nd quarter. Cape ANN Savings Bank now owns 2,245 shares of the semiconductor company’s stock worth $669,000 after purchasing an additional 50 shares in the last quarter. Arlington Trust Co LLC lifted its holdings in shares of Marvell Technology by 24.1% during the second quarter. Arlington Trust Co LLC now owns 268 shares of the semiconductor company’s stock valued at $80,000 after purchasing an additional 52 shares in the last quarter. GoalVest Advisory LLC boosted its position in shares of Marvell Technology by 26.0% during the second quarter. GoalVest Advisory LLC now owns 315 shares of the semiconductor company’s stock valued at $94,000 after buying an additional 65 shares during the last quarter. Washington Trust Advisors Inc. boosted 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 valued at $39,000 after buying an additional 69 shares during the last quarter. Finally, HBW Advisory Services LLC increased its holdings in Marvell Technology by 3.3% in the 2nd quarter. HBW Advisory Services LLC now owns 2,270 shares of the semiconductor company’s stock worth $676,000 after buying an additional 73 shares in the last quarter. Institutional investors own 83.51% of the company’s stock.
Insider Activity
In other news, COO Chris Koopmans sold 10,000 shares of the firm’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $186.97, for a total transaction of $1,869,700.00. Following the sale, the chief operating officer directly owned 202,800 shares in the company, valued at $37,917,516. This trade represents a 4.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew J. Murphy sold 7,500 shares of the firm’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $223.39, for a total transaction of $1,675,425.00. Following the sale, the chief executive officer owned 775,686 shares in the company, valued at $173,280,495.54. The trade was a 0.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 57,285 shares of company stock worth $12,901,763 over the last ninety days. Company insiders own 0.12% of the company’s stock.
Marvell Technology Stock Performance
NASDAQ:MRVL opened at $168.80 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.62 and a current ratio of 3.17. The stock has a 50-day simple moving average of $231.09 and a two-hundred day simple moving average of $185.39. The firm has a market capitalization of $148.02 billion, a PE ratio of 55.71, a P/E/G ratio of 4.61 and a beta of 2.32. Marvell Technology, Inc. has a 52-week low of $70.68 and a 52-week high of $329.88.
Marvell Technology (NASDAQ:MRVL – Get Free Report) last posted its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.01. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.72 billion. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%. The business’s quarterly revenue was up 36.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 EPS. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Analysts forecast that Marvell Technology, Inc. will post 3.05 EPS for the current year.
Marvell Technology Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, October 29th. Shareholders of record on Friday, October 9th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, October 9th. This represents a $0.24 annualized dividend and a yield of 0.1%. Marvell Technology’s payout ratio is currently 7.92%.
Analyst Ratings Changes
A number of brokerages have weighed in on MRVL. Rosenblatt Securities reissued a “buy” rating and issued a $300.00 target price on shares of Marvell Technology in a research report on Friday, October 30th. Piper Sandler reaffirmed an “overweight” rating on shares of Marvell Technology in a report on Thursday, October 29th. HC Wainwright reiterated a “buy” rating on shares of Marvell Technology in a research note on Tuesday, August 25th. BMO Capital Markets reissued a “market perform” rating and set a $325.00 price objective on shares of Marvell Technology in a report on Wednesday, October 7th. Finally, Weiss Ratings cut shares of Marvell Technology from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, November 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $300.09.
Read Our Latest Stock Analysis on Marvell Technology
More Marvell Technology News
These are some of the MRVL news items that stood out recently:
- Positive Sentiment: A broad rebound in AI-linked stocks provided the main near-term lift, with investors buying the dip after last week’s sector weakness. Marvell’s exposure to data-center chips and optical connectivity added to the appeal. Article: What’s Going On With Marvell Technology Stock Wednesday?
- 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
- 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 Company Profile
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.
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