General American Investors Co. Inc. Invests $7.14 Million in Marvell Technology, Inc. $MRVL

General American Investors Co. Inc. acquired a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 84,900 shares of the semiconductor company’s stock, valued at approximately $7,138,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Marvell Technology by 1.1% in the second quarter. Vanguard Group Inc. now owns 64,443,232 shares of the semiconductor company’s stock valued at $4,987,906,000 after buying an additional 673,110 shares in the last quarter. Brown Advisory Inc. boosted its holdings in Marvell Technology by 8.0% during the 2nd quarter. Brown Advisory Inc. now owns 20,840,336 shares of the semiconductor company’s stock valued at $1,613,044,000 after acquiring an additional 1,539,809 shares during the period. State Street Corp grew its position in Marvell Technology by 2.7% in the 2nd quarter. State Street Corp now owns 20,573,260 shares of the semiconductor company’s stock valued at $1,592,370,000 after acquiring an additional 533,946 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Marvell Technology by 16.4% during the second quarter. Ameriprise Financial Inc. now owns 10,406,875 shares of the semiconductor company’s stock worth $805,473,000 after purchasing an additional 1,464,571 shares during the period. Finally, Norges Bank acquired a new stake in shares of Marvell Technology during the second quarter worth about $716,713,000. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Marvell Technology Stock Up 1.9%

Marvell Technology stock opened at $81.77 on Tuesday. The stock has a market cap of $69.35 billion, a PE ratio of 28.69, a P/E/G ratio of 0.78 and a beta of 1.95. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.64. The stock’s fifty day moving average is $85.66 and its two-hundred day moving average is $81.23. Marvell Technology, Inc. has a 1-year low of $47.08 and a 1-year high of $121.81.

Marvell Technology (NASDAQ:MRVL) last issued its earnings results 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 business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.06 billion. Marvell Technology had a return on equity of 13.15% and a net margin of 31.75%.The business’s quarterly revenue was up 36.8% on a year-over-year basis. During the same quarter last year, the company earned $0.43 EPS. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. On average, sell-side analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

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

Insider Activity at Marvell Technology

In related news, EVP Mark Casper sold 5,000 shares of Marvell Technology stock in a transaction on Monday, January 5th. The shares were sold at an average price of $93.08, for a total transaction of $465,400.00. Following the sale, the executive vice president directly owned 19,418 shares in the company, valued at $1,807,427.44. This trade represents a 20.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.33% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MRVL shares. Morgan Stanley set a $112.00 price objective 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. HSBC started coverage on Marvell Technology in a research note on Monday, November 24th. They issued a “hold” rating and a $85.00 price objective on the stock. Oppenheimer reissued an “outperform” rating and set a $150.00 target price (up from $115.00) on shares of Marvell Technology in a research note on Wednesday, December 3rd. Finally, B. Riley reaffirmed a “buy” rating and issued a $130.00 price target (up previously from $100.00) on shares of Marvell Technology in a research report on Wednesday, December 3rd. Three analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $115.09.

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.