Marvell Technology, Inc. $MRVL Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. decreased its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 4.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 336,866 shares of the semiconductor company’s stock after selling 16,958 shares during the period. Oppenheimer & Co. Inc.’s holdings in Marvell Technology were worth $28,320,000 at the end of the most recent quarter.

A number of other institutional investors 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% in the third 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 during the last quarter. Kiker Wealth Management LLC grew its holdings in Marvell Technology by 374.7% in the 2nd quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 281 shares in the last quarter. Nova Wealth Management Inc. grew its holdings in Marvell Technology by 3,922.2% in the 3rd 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 in the last quarter. Westside Investment Management Inc. increased its stake in shares of Marvell Technology by 62.5% in the 2nd quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 160 shares during the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of Marvell Technology during the 2nd quarter worth $32,000. 83.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on MRVL. UBS Group cut their price objective on shares of Marvell Technology from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday, February 3rd. Piper Sandler set a $110.00 price target on shares of Marvell Technology in a report on Wednesday, December 3rd. The Goldman Sachs Group lifted their price target on shares of Marvell Technology from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Wednesday, December 3rd. Evercore upped their price objective on Marvell Technology from $122.00 to $156.00 and gave the company an “outperform” rating in a report on Wednesday, December 3rd. Finally, Craig Hallum reissued a “buy” rating and set a $141.00 target price on shares of Marvell Technology in a research note on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $115.31.

Insider Transactions at Marvell Technology

In other news, EVP Mark Casper sold 5,000 shares of the stock in a transaction dated 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 owned 19,418 shares of the company’s stock, valued at approximately $1,807,427.44. This represents a 20.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.33% of the stock is owned by company insiders.

Marvell Technology Stock Up 8.2%

Marvell Technology stock opened at $80.32 on Monday. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week high of $121.81. 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 firm has a 50 day moving average price of $84.92 and a 200 day moving average price of $81.63. The company has a market capitalization of $68.12 billion, a PE ratio of 28.18, a price-to-earnings-growth ratio of 0.61 and a beta of 1.97.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Marvell Technology had a return on equity of 13.15% and a net margin of 31.75%.The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the prior year, the firm earned $0.43 earnings per share. The firm’s revenue was up 36.8% compared to the same quarter last year. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. Research analysts expect 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 was paid on Thursday, January 29th. Shareholders of record on Friday, January 9th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Friday, January 9th. Marvell Technology’s payout ratio is currently 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.