Gagnon Securities LLC purchased a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 3,232 shares of the semiconductor company’s stock, valued at approximately $854,000.
Other hedge funds also recently modified their holdings of the company. Coyle Financial Counsel LLC purchased a new stake in shares of Marvell Technology during the third quarter valued at $696,000. Birch Hill Investment Advisors LLC acquired a new position in shares of Marvell Technology in the 3rd quarter valued at $848,000. Merit Financial Group LLC boosted its position in shares of Marvell Technology by 22.9% in the 2nd quarter. Merit Financial Group LLC now owns 27,079 shares of the semiconductor company’s stock valued at $8,067,000 after purchasing an additional 5,047 shares during the period. Swiss National Bank boosted its position in shares of Marvell Technology by 5.4% in the 1st quarter. Swiss National Bank now owns 2,489,003 shares of the semiconductor company’s stock valued at $246,536,000 after purchasing an additional 126,600 shares during the period. Finally, Fifth Third Wealth Advisors LLC purchased a new position in Marvell Technology in the 3rd quarter worth about $24,014,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
MRVL has been the topic of several recent analyst reports. UBS Group restated a “buy” rating on shares of Marvell Technology in a report on Tuesday, November 3rd. Morgan Stanley upped their price objective on shares of Marvell Technology from $268.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 7th. William Blair reiterated an “outperform” rating on shares of Marvell Technology in a report on Monday, November 2nd. Arete Research raised shares of Marvell Technology to a “strong-buy” rating in a research report on Friday, October 16th. Finally, Wolfe Research lifted their target price on shares of Marvell Technology from $280.00 to $375.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 7th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $300.09.
Insider Activity at Marvell Technology
In other Marvell Technology news, CAO Justin Scarpulla sold 1,100 shares of the stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $273.59, for a total value of $300,949.00. Following the completion of the sale, the chief accounting officer owned 909 shares in the company, valued at $248,693.31. This represents a 54.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew Murphy sold 7,500 shares of Marvell Technology stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $223.39, for a total transaction of $1,675,425.00. Following the sale, the chief executive officer directly owned 775,686 shares of the company’s stock, valued at $173,280,495.54. This trade represents a 0.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 57,285 shares of company stock worth $12,901,763 in the last 90 days. 0.12% of the stock is owned by corporate insiders.
Marvell Technology Stock Performance
Shares of MRVL stock opened at $168.80 on Thursday. The company has a market capitalization of $148.02 billion, a price-to-earnings ratio of 55.71, a P/E/G ratio of 4.61 and a beta of 2.32. Marvell Technology, Inc. has a 1-year low of $70.68 and a 1-year high of $329.88. The company has a current ratio of 3.17, a quick ratio of 2.62 and a debt-to-equity ratio of 0.27. The stock’s fifty day simple moving average is $231.09 and its 200-day simple moving average is $185.39.
Marvell Technology (NASDAQ:MRVL – Get Free Report) last announced its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.01. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the prior year, the business earned $0.67 EPS. The business’s revenue for the quarter was up 36.5% on a year-over-year basis. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. On average, sell-side analysts predict that Marvell Technology, Inc. will post 3.05 earnings per share for the current fiscal year.
Marvell Technology Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 29th. Shareholders of record on Friday, October 9th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.1%. The ex-dividend date was Friday, October 9th. Marvell Technology’s dividend payout ratio is currently 7.92%.
Marvell Technology News Summary
Investors following MRVL have been watching these news items:
- Neutral Sentiment: The rebound may be a recovery from a sharp selloff rather than confirmation of a lasting trend change. Recent strength in data-center demand supports the AI-growth case, but there was no single new company-specific catalyst reported. Article: Marvell Technology stock is rising: Is this a dead cat bounce or a real recovery?
- Negative Sentiment: The $115 billion all-stock Lumentum deal remains a substantial execution and valuation risk. A report citing merger specialists put the odds of closing at roughly 50%, while other coverage noted that Marvell’s valuation already assumes significant future growth. Article: Marvell’s $115 Billion Lumentum Deal Faces 50-50 Odds
- Negative Sentiment: Quiver reported that Marvell insiders made no open-market purchases and recorded 17 sales over the past six months. This may weigh on sentiment, although insider sales alone do not establish a negative outlook. Article: Marvell Jumps as AI Chip Rally Returns and Lumentum Deal Stays in Focus
Marvell Technology Company Profile
Marvell Technology is a fabless semiconductor company that develops data infrastructure chips and related technologies. Its products include networking and Ethernet chips, storage controllers, processors, optical and connectivity solutions, and custom silicon used in data centers, carrier networks, enterprise systems, and other applications. The company’s products help move, store, process, and secure data across cloud and telecommunications infrastructure. Marvell serves customers around the world, including equipment makers and technology companies that incorporate its semiconductors into their systems.
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