Impact Partnership Wealth LLC Purchases New Shares in Marvell Technology, Inc. $MRVL

Impact Partnership Wealth LLC acquired a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVLFree Report) during the 1st quarter, HoldingsChannel reports. The firm acquired 4,231 shares of the semiconductor company’s stock, valued at approximately $419,000.

Other institutional investors have also recently made changes to their positions in the company. Laurel Wealth Advisors LLC purchased a new stake in shares of Marvell Technology in the fourth quarter valued at about $25,000. Hilton Head Capital Partners LLC boosted its holdings in Marvell Technology by 978.3% during the first quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 225 shares during the last quarter. Jessup Wealth Management Inc bought a new stake in Marvell Technology in the 4th quarter worth about $25,000. Cherry Tree Wealth Management LLC purchased a new stake in Marvell Technology in the 4th quarter valued at about $26,000. Finally, MidFirst Bank bought a new position in shares of Marvell Technology during the 4th quarter worth approximately $28,000. Institutional investors own 83.51% of the company’s stock.

Insiders Place Their Bets

In other Marvell Technology news, CEO Matthew J. Murphy sold 7,500 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $177.26, for a total transaction of $1,329,450.00. Following the sale, the chief executive officer owned 739,397 shares in the company, valued at $131,065,512.22. This represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandeep Bharathi sold 66,892 shares of the firm’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $130.35, for a total value of $8,719,372.20. Following the completion of the transaction, the insider directly owned 55,199 shares of the company’s stock, valued at $7,195,189.65. The trade was a 54.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 177,273 shares of company stock worth $26,796,269 in the last three months. Insiders own 0.12% of the company’s stock.

More Marvell Technology News

Here are the key news stories impacting Marvell Technology this week:

Marvell Technology Price Performance

NASDAQ MRVL opened at $272.05 on Thursday. The company has a market cap of $237.99 billion, a PE ratio of 93.17, a price-to-earnings-growth ratio of 1.95 and a beta of 2.19. Marvell Technology, Inc. has a 52 week low of $61.44 and a 52 week high of $329.88. The company has a quick ratio of 2.66, a current ratio of 3.28 and a debt-to-equity ratio of 0.27. The firm’s 50-day simple moving average is $225.29 and its two-hundred day simple moving average is $137.66.

Marvell Technology (NASDAQ:MRVLGet Free Report) last issued its earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.80. The firm had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.41 billion. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The company’s quarterly revenue was up 27.6% on a year-over-year basis. During the same quarter last year, the business earned $0.62 earnings per share. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. Research analysts predict that Marvell Technology, Inc. will post 3.07 earnings per share for the current year.

Marvell Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Friday, July 10th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $0.24 annualized dividend and a yield of 0.1%. Marvell Technology’s dividend payout ratio (DPR) is 8.22%.

Wall Street Analysts Forecast Growth

MRVL has been the subject of several recent analyst reports. KGI Securities raised Marvell Technology from a “neutral” rating to an “outperform” rating and set a $110.00 target price for the company in a report on Friday, March 6th. Craig Hallum boosted their price objective on Marvell Technology from $141.00 to $164.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. UBS Group boosted their price objective on Marvell Technology from $230.00 to $340.00 and gave the stock a “buy” rating in a research report on Monday. Raymond James Financial set a $235.00 price objective on Marvell Technology and gave the company a “strong-buy” rating in a research note on Thursday, May 28th. Finally, Roth Mkm lifted their target price on Marvell Technology from $135.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Marvell Technology presently has a consensus rating of “Moderate Buy” and an average price target of $239.81.

View Our Latest Stock Report on Marvell Technology

About Marvell Technology

(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.

Read More

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

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