Dorsey & Whitney Trust CO LLC Sells 7,366 Shares of Marvell Technology, Inc. $MRVL

Dorsey & Whitney Trust CO LLC lowered its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 33.1% in the 2nd quarter, Holdings Channel.com reports. The fund owned 14,859 shares of the semiconductor company’s stock after selling 7,366 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Marvell Technology were worth $1,150,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its holdings in shares of Marvell Technology by 348.1% in the 1st quarter. Larson Financial Group LLC now owns 1,192 shares of the semiconductor company’s stock worth $73,000 after purchasing an additional 926 shares in the last quarter. Kingsview Wealth Management LLC boosted its position in shares of Marvell Technology by 59.6% during the first quarter. Kingsview Wealth Management LLC now owns 12,101 shares of the semiconductor company’s stock valued at $745,000 after buying an additional 4,517 shares during the last quarter. Kestra Private Wealth Services LLC increased its holdings in Marvell Technology by 41.4% in the 1st quarter. Kestra Private Wealth Services LLC now owns 25,575 shares of the semiconductor company’s stock worth $1,575,000 after buying an additional 7,493 shares in the last quarter. IFP Advisors Inc increased its holdings in Marvell Technology by 16.7% in the 1st quarter. IFP Advisors Inc now owns 7,370 shares of the semiconductor company’s stock worth $454,000 after buying an additional 1,055 shares in the last quarter. Finally, J.W. Cole Advisors Inc. purchased a new position in Marvell Technology in the 1st quarter worth about $1,216,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MRVL shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Marvell Technology in a report on Wednesday, October 8th. Zacks Research upgraded shares of Marvell Technology from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 24th. Bank of America restated a “neutral” rating and issued a $78.00 target price (down previously from $90.00) on shares of Marvell Technology in a report on Friday, August 29th. UBS Group boosted their target price on shares of Marvell Technology from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Finally, Benchmark reissued a “buy” rating and set a $95.00 price target on shares of Marvell Technology in a report on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $93.06.

Marvell Technology Trading Down 3.5%

Shares of Marvell Technology stock opened at $83.45 on Tuesday. Marvell Technology, Inc. has a 1-year low of $47.08 and a 1-year high of $127.48. The company’s fifty day simple moving average is $83.62 and its 200-day simple moving average is $74.87. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44. The stock has a market capitalization of $71.94 billion, a PE ratio of -641.92, a P/E/G ratio of 1.10 and a beta of 1.95.

Marvell Technology (NASDAQ:MRVL) last announced its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, hitting analysts’ consensus estimates of $0.67. The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.Marvell Technology’s revenue for the quarter was up 57.6% compared to the same quarter last year. During the same period last year, the firm earned $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, equities analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Friday, October 10th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, October 10th. Marvell Technology’s payout ratio is presently -184.62%.

Marvell Technology declared that its Board of Directors has authorized a stock repurchase program on Wednesday, September 24th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the semiconductor company to buy up to 7.8% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In related news, CEO Matthew J. Murphy acquired 13,600 shares of the business’s stock in a transaction that occurred on Thursday, September 25th. The stock was bought at an average cost of $77.09 per share, for a total transaction of $1,048,424.00. Following the purchase, the chief executive officer owned 268,637 shares in the company, valued at $20,709,226.33. The trade was a 5.33% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Chris Koopmans bought 6,800 shares of the firm’s stock in a transaction on Thursday, September 25th. The shares were purchased at an average price of $78.03 per share, for a total transaction of $530,604.00. Following the purchase, the chief operating officer owned 104,825 shares in the company, valued at $8,179,494.75. This trade represents a 6.94% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 27,200 shares of company stock valued at $2,109,632 in the last 90 days. Corporate insiders own 0.19% of the company’s stock.

Marvell Technology Company Profile

Marvell Technology, Inc, together with its subsidiaries, provides data infrastructure semiconductor solutions, spanning the data center core to network edge. The company develops and scales complex System-on-a-Chip architectures, integrating analog, mixed-signal, and digital signal processing functionality.