Diversified Trust Co Buys 21,146 Shares of Marvell Technology, Inc. $MRVL

Diversified Trust Co lifted its stake in Marvell Technology, Inc. (NASDAQ:MRVLFree Report) by 222.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,650 shares of the semiconductor company’s stock after buying an additional 21,146 shares during the quarter. Diversified Trust Co’s holdings in Marvell Technology were worth $2,577,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Ellsworth Advisors LLC purchased a new stake in shares of Marvell Technology during the 3rd quarter worth approximately $5,864,000. Taylor Frigon Capital Management LLC grew its holdings in shares of 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 purchasing an additional 4,748 shares in the last quarter. Waterfront Wealth Inc. increased its position in Marvell Technology by 21.5% in the second quarter. Waterfront Wealth Inc. now owns 18,394 shares of the semiconductor company’s stock worth $1,424,000 after purchasing an additional 3,258 shares during the last quarter. BOCHK Asset Management Ltd purchased a new stake in Marvell Technology during the second quarter valued at $1,486,000. Finally, Westbourne Investments Inc. lifted its position in Marvell Technology by 442.4% during the second quarter. Westbourne Investments Inc. now owns 21,695 shares of the semiconductor company’s stock valued at $1,679,000 after purchasing an additional 17,695 shares during the last quarter. 83.51% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Marvell Technology

Here are the key news stories impacting Marvell Technology this week:

Marvell Technology Stock Up 1.2%

Shares of NASDAQ MRVL opened at $86.76 on Wednesday. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48. The firm has a 50-day simple moving average of $87.59 and a two-hundred day simple moving average of $80.00. The company has a market cap of $73.58 billion, a P/E ratio of 30.44, a PEG ratio of 0.83 and a beta of 1.93. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.64.

Marvell Technology (NASDAQ:MRVLGet Free Report) last released its earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Marvell Technology had a return on equity of 13.15% and a net margin of 31.75%.The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the prior year, the firm posted $0.43 earnings per share. 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. Research analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

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

Marvell Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 29th. Stockholders of record on Friday, January 9th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, January 9th. Marvell Technology’s payout ratio is currently 8.42%.

Insider Activity at Marvell Technology

In related news, EVP Mark Casper sold 1,253 shares of the firm’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $101.00, for a total value of $126,553.00. Following the transaction, the executive vice president owned 9,023 shares of the company’s stock, valued at $911,323. This trade represents a 12.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

MRVL has been the topic of a number of research reports. Zacks Research upgraded shares of Marvell Technology from a “hold” rating to a “strong-buy” rating in a report on Friday, December 5th. Wall Street Zen upgraded Marvell Technology from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Citigroup reissued a “buy” rating on shares of Marvell Technology in a research note on Monday, December 22nd. Hsbc Global Res upgraded Marvell Technology to a “hold” rating in a research report on Monday, November 24th. Finally, JPMorgan Chase & Co. lifted their target price on Marvell Technology from $120.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, December 3rd. Four 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, Marvell Technology presently has a consensus rating of “Moderate Buy” and an average price target of $111.25.

Read Our Latest Stock Report on Marvell Technology

Marvell Technology Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Marvell Technology (NASDAQ:MRVL)

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