Valicenti Advisory Services Inc. Purchases New Holdings in Marvell Technology, Inc. $MRVL

Valicenti Advisory Services Inc. purchased a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 19,955 shares of the semiconductor company’s stock, valued at approximately $1,678,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Game Plan Financial Advisors LLC bought a new position in shares of Marvell Technology in the second quarter valued at $27,000. Kiker Wealth Management LLC lifted its stake in Marvell Technology by 374.7% in the second quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 281 shares during the last quarter. Nova Wealth Management Inc. grew its position in shares of Marvell Technology by 3,922.2% in the 3rd quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 353 shares during the period. Westside Investment Management Inc. increased its stake in shares of Marvell Technology by 62.5% during the 2nd 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 last quarter. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of Marvell Technology during the 2nd quarter worth about $32,000. Institutional investors own 83.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MRVL. TD Cowen raised their target price on shares of Marvell Technology from $90.00 to $100.00 and gave the company a “hold” rating in a research note on Wednesday, December 3rd. Craig Hallum restated a “buy” rating and issued a $141.00 price objective on shares of Marvell Technology in a research note on Wednesday, December 3rd. JPMorgan Chase & Co. raised their price objective on Marvell Technology from $120.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, December 3rd. Oppenheimer reissued an “outperform” rating and set a $150.00 target price (up from $115.00) on shares of Marvell Technology in a report on Wednesday, December 3rd. Finally, Susquehanna set a $120.00 price target on Marvell Technology and gave the company a “positive” rating in a research note on Wednesday, December 3rd. Four analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $111.25.

Marvell Technology Stock Down 0.2%

NASDAQ MRVL opened at $86.34 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 company has a market cap of $73.22 billion, a price-to-earnings ratio of 30.29, a PEG ratio of 0.84 and a beta of 1.93. The company has a 50 day moving average of $87.55 and a 200-day moving average of $79.67. Marvell Technology, Inc. has a 1-year low of $47.08 and a 1-year high of $127.48.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings data on Tuesday, December 2nd. The semiconductor company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.06 billion. Marvell Technology had a return on equity of 13.15% and a net margin of 31.75%.The company’s revenue was up 36.8% on a year-over-year basis. During the same quarter last year, the company earned $0.43 EPS. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. On average, equities research analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

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 $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, January 9th. Marvell Technology’s payout ratio is 8.42%.

Marvell Technology announced that its board has initiated a stock buyback program on Wednesday, September 24th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to reacquire up to 7.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other Marvell Technology news, EVP Mark Casper sold 1,253 shares of the stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $101.00, for a total transaction of $126,553.00. Following the sale, the executive vice president directly owned 9,023 shares in the company, valued at $911,323. This represents a 12.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.19% of the stock is owned by corporate insiders.

About Marvell Technology

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.