PFG Investments LLC Boosts Stake in Marvell Technology, Inc. $MRVL

PFG Investments LLC boosted its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 322.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,563 shares of the semiconductor company’s stock after purchasing an additional 21,806 shares during the period. PFG Investments LLC’s holdings in Marvell Technology were worth $2,401,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Game Plan Financial Advisors LLC purchased a new position in shares of Marvell Technology during the 2nd quarter valued at about $27,000. Atlantic Edge Private Wealth Management LLC increased its holdings in Marvell Technology by 160.0% in the 3rd 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 raised its stake in Marvell Technology by 374.7% during the 2nd quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 281 shares during the period. Nova Wealth Management Inc. lifted its holdings in 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. boosted its position in shares of Marvell Technology by 62.5% in the second quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 160 shares during the period. Institutional investors own 83.51% of the company’s stock.

Insiders Place Their Bets

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

Marvell Technology Trading Down 3.5%

Shares of MRVL stock opened at $80.23 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. The stock has a market capitalization of $68.04 billion, a price-to-earnings ratio of 28.15, a price-to-earnings-growth ratio of 0.78 and a beta of 1.95. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $127.20. The stock’s 50-day moving average price is $85.69 and its 200-day moving average price is $81.11.

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 analysts’ consensus estimates of $0.74 by $0.02. Marvell Technology had a return on equity of 13.15% and a net margin of 31.75%.The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same period in the prior year, the company earned $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. Equities research analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 29th. Investors of record on Friday, January 9th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, January 9th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. Marvell Technology’s dividend payout ratio (DPR) is 8.42%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MRVL. Evercore ISI raised their price objective on shares of Marvell Technology from $122.00 to $156.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. Zacks Research cut Marvell Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Benchmark restated a “hold” rating on shares of Marvell Technology in a research report on Tuesday, December 23rd. Stifel Nicolaus upped their price objective on Marvell Technology from $95.00 to $114.00 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. Finally, HSBC assumed coverage on Marvell Technology in a research note on Monday, November 24th. They set a “hold” rating and a $85.00 target price on the stock. Three analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Marvell Technology currently has an average rating of “Moderate Buy” and an average target price 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.