Strengthening Families & Communities LLC Buys 31,688 Shares of Marvell Technology, Inc. $MRVL

Strengthening Families & Communities LLC increased its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 2,301.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,065 shares of the semiconductor company’s stock after acquiring an additional 31,688 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Marvell Technology were worth $2,764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of MRVL. Vanguard Group Inc. increased its stake in shares of Marvell Technology by 1.1% in the second quarter. Vanguard Group Inc. now owns 64,443,232 shares of the semiconductor company’s stock worth $4,987,906,000 after buying an additional 673,110 shares during the period. Brown Advisory Inc. boosted its position in Marvell Technology by 8.0% during the 2nd quarter. Brown Advisory Inc. now owns 20,840,336 shares of the semiconductor company’s stock valued at $1,613,044,000 after buying an additional 1,539,809 shares during the period. State Street Corp grew its holdings in Marvell Technology by 2.7% in the 2nd quarter. State Street Corp now owns 20,573,260 shares of the semiconductor company’s stock worth $1,592,370,000 after acquiring an additional 533,946 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Marvell Technology by 16.4% during the second quarter. Ameriprise Financial Inc. now owns 10,406,875 shares of the semiconductor company’s stock valued at $805,473,000 after acquiring an additional 1,464,571 shares during the last quarter. Finally, Norges Bank bought a new position in Marvell Technology during the 2nd quarter valued at approximately $716,713,000. 83.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Marvell Technology

In other news, EVP Mark Casper sold 5,000 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $93.08, for a total transaction of $465,400.00. Following the completion of the transaction, the executive vice president directly owned 19,418 shares in the company, valued at $1,807,427.44. This trade represents 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 through the SEC website. Corporate insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MRVL. Wells Fargo & Company boosted their target price on Marvell Technology from $90.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, December 3rd. B. Riley reiterated a “buy” rating and issued a $130.00 price target (up previously from $100.00) on shares of Marvell Technology in a report on Wednesday, December 3rd. Zacks Research downgraded shares of Marvell Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Jefferies Financial Group raised their target price on shares of Marvell Technology from $80.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Finally, Benchmark reaffirmed a “hold” rating on shares of Marvell Technology in a research note on Tuesday, December 23rd. Three equities research 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $115.09.

Marvell Technology Price Performance

Shares of MRVL opened at $78.57 on Tuesday. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week high of $121.81. The firm’s 50-day simple moving average is $85.80 and its two-hundred day simple moving average is $81.55. The stock has a market cap of $66.63 billion, a PE ratio of 27.57, a price-to-earnings-growth ratio of 0.76 and a beta of 1.97. 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 released its earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.06 billion. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The business’s revenue was up 36.8% on a year-over-year basis. During the same period last year, the business earned $0.43 earnings per share. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. Analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Friday, January 9th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Friday, January 9th. Marvell Technology’s payout ratio is 8.42%.

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.