Marvell Technology, Inc. $MRVL Shares Sold by Dagco Inc.

Dagco Inc. reduced its position in Marvell Technology, Inc. (NASDAQ:MRVLFree Report) by 94.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 408 shares of the semiconductor company’s stock after selling 6,714 shares during the period. Dagco Inc.’s holdings in Marvell Technology were worth $35,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Ellsworth Advisors LLC acquired a new position in shares of Marvell Technology during the 3rd quarter worth approximately $5,864,000. Vanguard Group Inc. grew its stake in Marvell Technology by 23.5% in the 3rd quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock valued at $6,692,830,000 after acquiring an additional 15,166,976 shares during the period. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in Marvell Technology by 1,292.1% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 389,809 shares of the semiconductor company’s stock worth $32,656,000 after acquiring an additional 361,807 shares in the last quarter. Norges Bank acquired a new position in Marvell Technology during the second quarter worth $716,713,000. Finally, Triasima Portfolio Management inc. purchased a new position in Marvell Technology during the third quarter valued at $1,426,000. 83.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MRVL. Susquehanna reiterated a “positive” rating on shares of Marvell Technology in a research report on Tuesday, February 24th. Evercore reaffirmed an “outperform” rating and issued a $133.00 price target on shares of Marvell Technology in a research note on Wednesday, March 4th. Wall Street Zen lowered Marvell Technology from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. Deutsche Bank Aktiengesellschaft set a $120.00 target price on Marvell Technology in a research report on Tuesday, February 10th. Finally, KGI Securities upgraded Marvell Technology from a “neutral” rating to an “outperform” rating and set a $110.00 price target for the company in a research report on Friday, March 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $117.24.

Check Out Our Latest Report on Marvell Technology

Insider Buying and Selling

In other Marvell Technology news, EVP Mark Casper sold 5,000 shares of the business’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 transaction, the executive vice president directly owned 19,418 shares in the company, valued at $1,807,427.44. The trade was a 20.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.33% of the stock is owned by company insiders.

Marvell Technology Stock Performance

NASDAQ MRVL opened at $87.92 on Monday. 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’s fifty day moving average is $82.05 and its two-hundred day moving average is $83.55. The firm has a market capitalization of $76.88 billion, a P/E ratio of 28.54, a price-to-earnings-growth ratio of 0.80 and a beta of 1.97. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week high of $102.77.

Marvell Technology (NASDAQ:MRVLGet Free Report) last issued its earnings results on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same period last year, the company earned $0.60 EPS. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. On average, research analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Friday, April 10th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, April 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. Marvell Technology’s payout ratio is 7.79%.

More Marvell Technology News

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Marvell Technology Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Marvell Technology (NASDAQ:MRVL)

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