Advisors Capital Management LLC Buys 515 Shares of Marvell Technology, Inc. $MRVL

Advisors Capital Management LLC boosted its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 6.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,770 shares of the semiconductor company’s stock after purchasing an additional 515 shares during the period. Advisors Capital Management LLC’s holdings in Marvell Technology were worth $540,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hughes Financial Services LLC bought a new position in Marvell Technology in the 1st quarter valued at approximately $26,000. Rossby Financial LCC bought a new position in shares of Marvell Technology during the first quarter valued at $27,000. Financial Connections Group Inc. raised its stake in shares of Marvell Technology by 776.0% during the first quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 388 shares during the last quarter. Vision Financial Markets LLC bought a new position in shares of Marvell Technology during the first quarter valued at $28,000. Finally, Security National Bank bought a new position in shares of Marvell Technology during the first quarter valued at $31,000. Institutional investors own 83.51% of the company’s stock.

Insider Activity

In other Marvell Technology news, EVP Mark Casper sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $72.35, for a total value of $217,050.00. Following the completion of the transaction, the executive vice president owned 17,163 shares of the company’s stock, valued at $1,241,743.05. The trade was a 14.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Willem A. Meintjes sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $68.52, for a total transaction of $102,780.00. Following the completion of the transaction, the chief financial officer directly owned 121,348 shares of the company’s stock, valued at approximately $8,314,764.96. This represents a 1.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,783 shares of company stock valued at $407,716 over the last quarter. Company insiders own 0.19% of the company’s stock.

Marvell Technology Stock Performance

Shares of MRVL stock opened at $67.35 on Friday. The firm has a market cap of $58.06 billion, a price-to-earnings ratio of -518.08, a P/E/G ratio of 0.80 and a beta of 1.85. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.88. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $127.48. The firm’s 50-day simple moving average is $72.57 and its two-hundred day simple moving average is $67.87.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, hitting the consensus estimate of $0.67. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the firm posted $0.30 earnings per share. The company’s revenue for the quarter was up 57.6% on a year-over-year basis. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, equities analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MRVL shares. Bank of America reaffirmed a “neutral” rating and set a $78.00 price target (down previously from $90.00) on shares of Marvell Technology in a research note on Friday, August 29th. Benchmark reaffirmed a “buy” rating and set a $95.00 price target on shares of Marvell Technology in a research note on Friday, August 29th. Morgan Stanley decreased their price objective on shares of Marvell Technology from $80.00 to $76.00 and set an “equal weight” rating for the company in a research report on Friday, August 29th. Needham & Company LLC decreased their price objective on shares of Marvell Technology from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, August 29th. Finally, TD Cowen increased their price objective on shares of Marvell Technology from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, May 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $90.50.

About Marvell Technology

Marvell Technology, Inc, together with its subsidiaries, provides data infrastructure semiconductor solutions, spanning the data center core to network edge. The company develops and scales complex System-on-a-Chip architectures, integrating analog, mixed-signal, and digital signal processing functionality.