Aaron Wealth Advisors LLC Buys New Shares in Marvell Technology, Inc. $MRVL

Aaron Wealth Advisors LLC purchased a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 6,953 shares of the semiconductor company’s stock, valued at approximately $585,000.

Other hedge funds also recently made changes to their positions in the company. Kovitz Investment Group Partners LLC boosted its holdings in Marvell Technology by 69.1% in the first quarter. Kovitz Investment Group Partners LLC now owns 10,359 shares of the semiconductor company’s stock valued at $638,000 after acquiring an additional 4,234 shares during the last quarter. EntryPoint Capital LLC lifted its stake in shares of Marvell Technology by 45.7% in the 1st quarter. EntryPoint Capital LLC now owns 4,030 shares of the semiconductor company’s stock valued at $248,000 after purchasing an additional 1,264 shares in the last quarter. Erste Asset Management GmbH lifted its stake in shares of Marvell Technology by 24.3% in the 1st quarter. Erste Asset Management GmbH now owns 129,654 shares of the semiconductor company’s stock valued at $8,100,000 after purchasing an additional 25,342 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings in shares of Marvell Technology by 2.7% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 22,225 shares of the semiconductor company’s stock worth $1,368,000 after purchasing an additional 579 shares during the period. Finally, Kaufman Rossin Wealth LLC acquired a new stake in Marvell Technology during the 1st quarter worth approximately $356,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Needham & Company LLC lifted their price target on shares of Marvell Technology from $95.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Oppenheimer reissued an “outperform” rating and issued a $150.00 target price (up previously from $115.00) on shares of Marvell Technology in a research note on Wednesday, December 3rd. Evercore ISI upped their price target on shares of Marvell Technology from $122.00 to $156.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft raised their price objective on Marvell Technology from $90.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Finally, UBS Group set a $100.00 target price on Marvell Technology in a research report on Wednesday, December 3rd. Four investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $111.25.

Insider Activity

In related news, EVP Mark Casper sold 1,253 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The stock was 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 of the company’s stock, valued at approximately $911,323. This represents a 12.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Chris Koopmans acquired 6,800 shares of Marvell Technology stock in a transaction that occurred on Thursday, September 25th. The shares were purchased at an average price of $78.03 per share, for a total transaction of $530,604.00. Following the completion of the purchase, the chief operating officer directly owned 104,825 shares of the company’s stock, valued at $8,179,494.75. The trade was a 6.94% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 27,200 shares of company stock valued at $2,109,632 over the last three months. Company insiders own 0.19% of the company’s stock.

Marvell Technology Stock Up 3.4%

MRVL stock opened at $84.47 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 firm has a 50 day simple moving average of $87.75 and a 200-day simple moving average of $78.74. The company has a market capitalization of $71.64 billion, a P/E ratio of 29.64, a PEG ratio of 0.79 and a beta of 1.93. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve month high of $127.48.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. The company 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 firm’s revenue for the quarter was up 36.8% compared to the same quarter last year. During the same period last year, the business earned $0.43 EPS. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. On average, equities research analysts predict that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 29th. Investors of record on Friday, January 9th will be 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 is Friday, January 9th. Marvell Technology’s payout ratio is currently 8.42%.

Marvell Technology announced that its Board of Directors has authorized a share buyback program on Wednesday, September 24th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to repurchase up to 7.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its shares are undervalued.

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.