Nordwand Advisors LLC Buys New Stake in Marvell Technology, Inc. $MRVL

Nordwand Advisors LLC acquired a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) in the third quarter, Holdings Channel.com reports. The fund acquired 80,445 shares of the semiconductor company’s stock, valued at approximately $6,763,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Verdence Capital Advisors LLC purchased a new stake in Marvell Technology during the third quarter worth about $240,000. Tradewinds LLC. acquired a new position in shares of Marvell Technology in the third quarter valued at approximately $267,000. Allstate Corp purchased a new stake in Marvell Technology during the 3rd quarter worth approximately $3,771,000. Intrua Financial LLC acquired a new stake in Marvell Technology during the 3rd quarter worth approximately $295,000. Finally, New Insight Wealth Advisors boosted its position in Marvell Technology by 44.8% in the 3rd quarter. New Insight Wealth Advisors now owns 15,583 shares of the semiconductor company’s stock valued at $1,310,000 after buying an additional 4,823 shares during the period. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MRVL has been the topic of a number of recent research reports. B. Riley reaffirmed a “buy” rating and set a $130.00 price objective (up previously from $100.00) on shares of Marvell Technology in a research report on Wednesday, December 3rd. UBS Group set a $100.00 price target on Marvell Technology in a report on Wednesday, December 3rd. JPMorgan Chase & Co. lifted their price objective on Marvell Technology from $120.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, December 3rd. Jefferies Financial Group boosted their price objective on Marvell Technology from $80.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Finally, Roth Capital raised their target price on shares of Marvell Technology from $105.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Three analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat, Marvell Technology currently has an average rating of “Moderate Buy” and an average price target of $115.70.

Marvell Technology Price Performance

Shares of NASDAQ MRVL opened at $80.46 on Tuesday. The stock’s 50-day simple moving average is $86.23 and its 200-day simple moving average is $80.93. The firm has a market capitalization of $68.24 billion, a PE ratio of 28.23, a price-to-earnings-growth ratio of 0.78 and a beta of 1.95. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week high of $127.48. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.01.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same period in the prior year, the firm posted $0.43 earnings per share. The firm’s revenue was up 36.8% on a year-over-year basis. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. As a group, equities research analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal 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 paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, January 9th. Marvell Technology’s dividend payout ratio (DPR) is currently 8.42%.

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

Insiders Place Their Bets

In related news, EVP Mark Casper sold 5,000 shares of the business’s stock in a transaction on Monday, January 5th. The shares were 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. The trade was a 20.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.33% of the stock is currently owned by company insiders.

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.