CW Advisors LLC Raises Stock Position in Marvell Technology, Inc. $MRVL

CW Advisors LLC lifted its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 11.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,693 shares of the semiconductor company’s stock after buying an additional 6,163 shares during the period. CW Advisors LLC’s holdings in Marvell Technology were worth $4,620,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Taylor Frigon Capital Management LLC lifted its stake in Marvell Technology by 16.5% in the second quarter. Taylor Frigon Capital Management LLC now owns 33,605 shares of the semiconductor company’s stock valued at $2,601,000 after buying an additional 4,748 shares during the last quarter. Waterfront Wealth Inc. increased its holdings in shares of Marvell Technology by 21.5% in the 2nd quarter. Waterfront Wealth Inc. now owns 18,394 shares of the semiconductor company’s stock valued at $1,424,000 after acquiring an additional 3,258 shares during the period. BOCHK Asset Management Ltd purchased a new stake in Marvell Technology in the 2nd quarter valued at $1,486,000. Westbourne Investments Inc. boosted its stake in Marvell Technology by 442.4% during the 2nd quarter. Westbourne Investments Inc. now owns 21,695 shares of the semiconductor company’s stock worth $1,679,000 after purchasing an additional 17,695 shares during the period. Finally, Norges Bank purchased a new position in Marvell Technology during the 2nd quarter worth $716,713,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MRVL has been the subject of a number of research reports. HSBC started coverage on shares of Marvell Technology in a report on Monday, November 24th. They issued a “hold” rating and a $85.00 target price for the company. UBS Group set a $100.00 price objective on Marvell Technology in a research report on Wednesday. Craig Hallum reissued a “buy” rating and issued a $141.00 target price on shares of Marvell Technology in a report on Wednesday. B. Riley reaffirmed a “buy” rating and set a $130.00 price target (up from $100.00) on shares of Marvell Technology in a report on Wednesday. Finally, Summit Insights upgraded shares of Marvell Technology from a “hold” rating to a “buy” rating in a research report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Marvell Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.56.

Marvell Technology Trading Up 0.7%

Shares of MRVL opened at $98.91 on Friday. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve month high of $127.48. The company has a current ratio of 2.01, a quick ratio of 1.44 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $83.89 billion, a P/E ratio of 34.71, a PEG ratio of 0.96 and a beta of 1.93. The firm’s 50-day moving average is $87.75 and its two-hundred day moving average is $77.17.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. Marvell Technology had a return on equity of 13.15% and a net margin of 31.75%.The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the previous year, the company earned $0.43 EPS. The company’s quarterly 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. On average, research analysts predict that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Friday, October 10th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, October 10th. Marvell Technology’s payout ratio is presently 8.42%.

Marvell Technology declared that its board has approved a share buyback plan on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to purchase up to 7.8% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other Marvell Technology news, CFO Willem A. Meintjes purchased 3,400 shares of Marvell Technology stock in a transaction that occurred on Thursday, September 25th. The stock was purchased at an average price of $78.03 per share, with a total value of $265,302.00. Following the completion of the acquisition, the chief financial officer owned 132,159 shares of the company’s stock, valued at approximately $10,312,366.77. This trade represents a 2.64% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Chris Koopmans acquired 6,800 shares of the stock in a transaction on Thursday, September 25th. The shares were acquired at an average price of $78.03 per share, with a total value of $530,604.00. Following the purchase, the chief operating officer owned 104,825 shares in the company, valued at $8,179,494.75. This represents a 6.94% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have acquired 27,200 shares of company stock worth $2,109,632. 0.19% of the stock is owned by insiders.

Marvell Technology Company Profile

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.