D.A. Davidson & CO. Acquires 7,739 Shares of Marvell Technology, Inc. $MRVL

D.A. Davidson & CO. increased its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 21.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,615 shares of the semiconductor company’s stock after purchasing an additional 7,739 shares during the period. D.A. Davidson & CO.’s holdings in Marvell Technology were worth $3,751,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in Marvell Technology during the 2nd quarter worth approximately $716,713,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of Marvell Technology by 4,758.5% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,036,216 shares of the semiconductor company’s stock worth $544,603,000 after acquiring an additional 6,891,393 shares during the period. Amundi lifted its position in Marvell Technology by 113.4% in the 2nd quarter. Amundi now owns 8,648,350 shares of the semiconductor company’s stock valued at $642,140,000 after acquiring an additional 4,596,309 shares in the last quarter. Franklin Resources Inc. lifted its position in Marvell Technology by 112.4% in the 2nd quarter. Franklin Resources Inc. now owns 8,097,620 shares of the semiconductor company’s stock valued at $626,756,000 after acquiring an additional 4,285,330 shares in the last quarter. Finally, Aspex Management HK Ltd acquired a new position in Marvell Technology in the 2nd quarter worth $324,736,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Mark Casper sold 5,000 shares of the firm’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $93.08, for a total value of $465,400.00. Following the completion of the sale, the executive vice president directly owned 19,418 shares in the company, valued at approximately $1,807,427.44. This trade represents a 20.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MRVL. Cowen reissued a “hold” rating on shares of Marvell Technology in a research note on Wednesday, December 3rd. Oppenheimer reiterated an “outperform” rating and set a $150.00 price objective (up from $115.00) on shares of Marvell Technology in a report on Wednesday, December 3rd. Piper Sandler set a $110.00 target price on Marvell Technology in a research note on Wednesday, December 3rd. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Marvell Technology in a research report on Tuesday. Finally, The Goldman Sachs Group lifted their price objective on shares of Marvell Technology from $80.00 to $90.00 and gave the company a “neutral” rating in a report on Wednesday, December 3rd. Four research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, Marvell Technology presently has a consensus rating of “Moderate Buy” and an average target price of $116.03.

Key Headlines Impacting Marvell Technology

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

• Positive Sentiment: Multiple analyst upgrades and bullish notes signal strong demand outlook and give upside support — Melius Research upgraded MRVL to Buy with a $135 target, and Rosenblatt reaffirmed a Buy with a $120 target, highlighting upside from AI/data-center exposure. Marvell Technology (NASDAQ:MRVL) Stock Rating Upgraded by Melius Melius Research upgrades Marvell Rosenblatt reiterates Buy
• Positive Sentiment: JPMorgan/market commentary points to accelerating AI bookings and a large addressable market, reinforcing revenue and margin upside expectations for Marvell. This supports longer-term investor confidence. Marvell CEO Says AI Bookings Are ‘On Fire’
• Neutral Sentiment: Marvell announced a $540M deal to buy XConn Technologies to expand connectivity for AI/data-center builds — strategically logical for product roadmap but adds acquisition execution and integration risk that could take time to accrete to earnings. Marvell to buy XConn in $540M deal (Reuters) Marvell To Acquire XConn (Benzinga)
• Neutral Sentiment: Market commentary and analysis pieces argue MRVL could still be undervalued given free cash flow and recent deals — these views may attract longer-term buyers but are speculative and contrast with short-term option/flow dynamics. Unusual Volume In Marvell Put Options (TalkMarkets) Unusual Volume in Marvell Put Options (Barchart)
• Negative Sentiment: Shares sold off after the XConn acquisition was announced, suggesting investors are worried about deal cost, near-term dilution/returns or are taking profits after recent gains. This selling pressure explains part of today’s decline. Marvell stock falls after XConn announcement
• Negative Sentiment: An EVP, Mark Casper, disclosed a sale of 5,000 shares at about $93 — insider selling can be interpreted negatively by some investors even if for personal/liquidity reasons. SEC Form 4: Mark Casper sale

Marvell Technology Trading Down 4.1%

Shares of Marvell Technology stock opened at $84.64 on Thursday. The stock has a market cap of $71.78 billion, a P/E ratio of 29.70, a P/E/G ratio of 0.85 and a beta of 1.95. The company has a quick ratio of 1.64, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $127.48. The business’s 50 day moving average is $87.74 and its 200-day moving average is $80.55.

Marvell Technology (NASDAQ:MRVL) last released its earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share for the quarter, beating 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 last year, the business earned $0.43 earnings per share. The firm’s 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. Equities research analysts predict that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology announced that its board has initiated a share buyback plan on Wednesday, September 24th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the semiconductor company to repurchase up to 7.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Marvell Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 29th. Stockholders of record on Friday, January 9th will be issued a $0.06 dividend. 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 dividend payout ratio is presently 8.42%.

Marvell Technology Profile

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.