Campbell Capital Management Inc. Makes New Investment in Marvell Technology, Inc. $MRVL

Campbell Capital Management Inc. purchased a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 55,039 shares of the semiconductor company’s stock, valued at approximately $4,627,000. Marvell Technology accounts for about 1.8% of Campbell Capital Management Inc.’s portfolio, making the stock its 18th largest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of MRVL. Atlantic Edge Private Wealth Management LLC increased its position in Marvell Technology by 160.0% during the third quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 200 shares during the last quarter. Nova Wealth Management Inc. raised its stake 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 worth $30,000 after purchasing an additional 353 shares during the period. N.E.W. Advisory Services LLC acquired a new position in Marvell Technology in the 2nd quarter valued at about $32,000. Cary Street Partners Investment Advisory LLC acquired a new position in Marvell Technology in the 2nd quarter valued at about $34,000. Finally, Hollencrest Capital Management grew its stake in shares of Marvell Technology by 23,350.0% in the 2nd quarter. Hollencrest Capital Management now owns 469 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 467 shares during the period. Institutional investors and hedge funds own 83.51% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MRVL. JPMorgan Chase & Co. raised their price target on shares of Marvell Technology from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Friday, March 6th. Evercore reiterated an “outperform” rating and issued a $133.00 price objective on shares of Marvell Technology in a research report on Wednesday, March 4th. Barclays raised their target price on Marvell Technology from $80.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 3rd. TD Cowen lifted their target price on Marvell Technology from $85.00 to $90.00 and gave the company a “hold” rating in a research report on Friday, March 6th. Finally, Needham & Company LLC decreased their price target on Marvell Technology from $120.00 to $118.00 and set a “buy” rating on the stock in a research note on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Marvell Technology currently has an average rating of “Moderate Buy” and a consensus price target of $117.24.

Marvell Technology Stock Performance

NASDAQ:MRVL opened at $90.79 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.58 and a current ratio of 2.01. The stock has a market capitalization of $79.38 billion, a P/E ratio of 29.48, a PEG ratio of 0.83 and a beta of 1.97. The company has a 50 day moving average price of $81.78 and a 200 day moving average price of $83.02. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week high of $102.77.

Marvell Technology (NASDAQ:MRVL) last announced its earnings results on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. Marvell Technology had a return on equity of 14.22% and a net margin of 32.58%.The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same quarter in the previous year, the company earned $0.60 earnings per share. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. Equities research analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Insider Buying and Selling at Marvell Technology

In related news, EVP Mark Casper sold 5,000 shares of the business’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $93.08, for a total value of $465,400.00. Following the sale, the executive vice president owned 19,418 shares in the company, valued at approximately $1,807,427.44. The trade was a 20.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.33% of the company’s stock.

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.