Marvell Technology, Inc. $MRVL Shares Purchased by Country Club Bank

Country Club Bank boosted its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 71.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 110,187 shares of the semiconductor company’s stock after buying an additional 45,824 shares during the period. Country Club Bank’s holdings in Marvell Technology were worth $9,078,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Carr Financial Group Corp acquired a new stake in shares of Marvell Technology during the third quarter valued at about $210,000. Accel Wealth Management purchased a new position in shares of Marvell Technology during the 3rd quarter worth approximately $325,000. Montecito Bank & Trust purchased a new position in shares of Marvell Technology during the 3rd quarter worth approximately $232,000. Norway Savings Bank lifted its stake in Marvell Technology by 39.9% during the third quarter. Norway Savings Bank now owns 13,745 shares of the semiconductor company’s stock worth $1,156,000 after purchasing an additional 3,920 shares in the last quarter. Finally, 1620 Investment Advisors Inc. lifted its stake in Marvell Technology by 51.0% during the third quarter. 1620 Investment Advisors Inc. now owns 3,315 shares of the semiconductor company’s stock worth $279,000 after purchasing an additional 1,120 shares in the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Marvell Technology Trading Down 2.8%

NASDAQ MRVL opened at $81.70 on Thursday. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $127.48. The firm has a 50 day moving average of $87.87 and a two-hundred day moving average of $78.70. The company has a quick ratio of 1.64, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $69.29 billion, a PE ratio of 28.67, a price-to-earnings-growth ratio of 0.82 and a beta of 1.93.

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

Marvell Technology announced that its Board of Directors has authorized a share repurchase plan on Wednesday, September 24th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the semiconductor company to purchase up to 7.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

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 paid a dividend of $0.06 per share. The ex-dividend date is Friday, January 9th. This represents a $0.24 annualized dividend and a yield of 0.3%. Marvell Technology’s payout ratio is presently 8.42%.

Insider Activity

In related news, CFO Willem A. Meintjes acquired 3,400 shares of Marvell Technology stock in a transaction dated Thursday, September 25th. The stock was acquired at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the transaction, the chief financial officer owned 132,159 shares of the company’s stock, valued at $10,312,366.77. This represents a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Chris Koopmans bought 6,800 shares of the stock in a transaction dated Thursday, September 25th. The stock was bought at an average price of $78.03 per share, with a total value of $530,604.00. Following the acquisition, the chief operating officer owned 104,825 shares in the company, valued at approximately $8,179,494.75. This represents a 6.94% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 27,200 shares of company stock valued at $2,109,632 over the last 90 days. Insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on MRVL. Oppenheimer reiterated an “outperform” rating and issued a $150.00 price objective (up previously from $115.00) on shares of Marvell Technology in a report on Wednesday, December 3rd. Summit Insights upgraded shares of Marvell Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, December 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Marvell Technology in a research note on Tuesday. Cowen reaffirmed a “hold” rating on shares of Marvell Technology in a research note on Wednesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Marvell Technology from $90.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Four analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $111.25.

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.