Marvell Technology, Inc. $MRVL Shares Bought by Equitable Trust Co.

Equitable Trust Co. raised its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 23.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,254 shares of the semiconductor company’s stock after buying an additional 12,916 shares during the period. Equitable Trust Co.’s holdings in Marvell Technology were worth $5,738,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Zevin Asset Management LLC purchased a new position in Marvell Technology during the 3rd quarter valued at about $211,000. Avalon Trust Co boosted its stake in shares of Marvell Technology by 70.6% in the third quarter. Avalon Trust Co now owns 650 shares of the semiconductor company’s stock valued at $55,000 after purchasing an additional 269 shares during the period. Ameritas Investment Partners Inc. grew its holdings in shares of Marvell Technology by 1.8% in the third quarter. Ameritas Investment Partners Inc. now owns 28,752 shares of the semiconductor company’s stock valued at $2,417,000 after purchasing an additional 507 shares in the last quarter. Vestmark Advisory Solutions Inc. increased its stake in Marvell Technology by 32.4% during the 3rd quarter. Vestmark Advisory Solutions Inc. now owns 14,823 shares of the semiconductor company’s stock worth $1,246,000 after buying an additional 3,626 shares during the period. Finally, Explore Capital Management LLC lifted its holdings in Marvell Technology by 25.5% during the 3rd quarter. Explore Capital Management LLC now owns 114,870 shares of the semiconductor company’s stock worth $9,657,000 after buying an additional 23,370 shares in the last quarter. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Analyst Upgrades and Downgrades

MRVL has been the subject of several research reports. Evercore boosted their price target on shares of Marvell Technology from $122.00 to $156.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 3rd. Royal Bank Of Canada initiated coverage on Marvell Technology in a report on Wednesday, January 14th. They set an “outperform” rating and a $105.00 price target on the stock. Summit Insights upgraded Marvell Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, December 3rd. Melius Research raised Marvell Technology from a “hold” rating to a “buy” rating and set a $135.00 price objective for the company in a research report on Monday, January 5th. Finally, Citigroup reduced their target price on shares of Marvell Technology from $114.00 to $113.00 and set a “buy” rating on the stock in a report on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $115.16.

Insider Buying and Selling at Marvell Technology

In related news, EVP Mark Casper sold 5,000 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was 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 of the company’s stock, valued at $1,807,427.44. This represents a 20.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.33% of the company’s stock.

Marvell Technology Stock Performance

Shares of MRVL opened at $79.48 on Monday. The company has a market capitalization of $69.24 billion, a price-to-earnings ratio of 27.89, a price-to-earnings-growth ratio of 0.63 and a beta of 1.97. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $109.75. 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 50 day moving average price of $82.31 and a 200 day moving average price of $81.86.

Marvell Technology (NASDAQ:MRVL) last issued 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 business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.06 billion. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The company’s revenue was up 36.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.43 EPS. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. Research analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Announces Dividend

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

Marvell Technology Company 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.