Marvell Technology, Inc. $MRVL Shares Purchased by Davis R M Inc.

Davis R M Inc. raised its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 1.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 702,594 shares of the semiconductor company’s stock after acquiring an additional 7,966 shares during the quarter. Davis R M Inc. owned approximately 0.08% of Marvell Technology worth $59,067,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of MRVL. Atlantic Edge Private Wealth Management LLC increased its holdings in shares of Marvell Technology by 160.0% during the 3rd quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 200 shares in the last quarter. Nova Wealth Management Inc. grew its position in Marvell Technology by 3,922.2% during the third quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 353 shares during the period. Westside Investment Management Inc. increased its holdings in Marvell Technology by 62.5% in the second quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 160 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of Marvell Technology in the second quarter worth about $32,000. Finally, Cary Street Partners Investment Advisory LLC acquired a new position in shares of Marvell Technology in the second quarter worth about $34,000. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Insider Buying and Selling

In other Marvell Technology news, EVP Mark Casper sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $93.08, for a total value of $465,400.00. Following the transaction, the executive vice president directly owned 19,418 shares of the company’s stock, valued at $1,807,427.44. This trade represents a 20.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.33% of the company’s stock.

Marvell Technology Stock Up 3.0%

Shares of MRVL opened at $81.69 on Monday. The stock has a 50 day moving average price of $81.90 and a 200 day moving average price of $81.93. Marvell Technology, Inc. has a one year low of $47.08 and a one year high of $102.77. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.01. The stock has a market capitalization of $71.17 billion, a price-to-earnings ratio of 28.66, a PEG ratio of 0.66 and a beta of 1.97.

Marvell Technology (NASDAQ:MRVL) last announced its earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The firm’s quarterly revenue was up 36.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 EPS. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. Equities research analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MRVL. Evercore lifted their price target on Marvell Technology from $122.00 to $156.00 and gave the company an “outperform” rating in a research note on Wednesday, December 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Marvell Technology in a research report on Monday, December 29th. TD Cowen reaffirmed a “hold” rating on shares of Marvell Technology in a research note on Tuesday, February 24th. Piper Sandler set a $110.00 target price on Marvell Technology in a research report on Wednesday, December 3rd. Finally, Roth Mkm boosted their price target on shares of Marvell Technology from $105.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $115.31.

About Marvell Technology

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.