Glenview Trust co Has $25.78 Million Holdings in Marvell Technology, Inc. $MRVL

Glenview Trust co lessened its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 14.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 333,046 shares of the semiconductor company’s stock after selling 57,127 shares during the quarter. Glenview Trust co’s holdings in Marvell Technology were worth $25,778,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of MRVL. Faithward Advisors LLC lifted its position in shares of Marvell Technology by 3.4% in the second quarter. Faithward Advisors LLC now owns 6,116 shares of the semiconductor company’s stock valued at $473,000 after buying an additional 201 shares during the last quarter. Investment House LLC grew its position in Marvell Technology by 1.1% during the second quarter. Investment House LLC now owns 18,065 shares of the semiconductor company’s stock worth $1,398,000 after buying an additional 200 shares in the last quarter. Analog Century Management LP increased its position in shares of Marvell Technology by 44.2% in the second quarter. Analog Century Management LP now owns 947,054 shares of the semiconductor company’s stock worth $73,302,000 after purchasing an additional 290,093 shares during the period. NewEdge Advisors LLC increased its stake in Marvell Technology by 32.8% in the second quarter. NewEdge Advisors LLC now owns 250,253 shares of the semiconductor company’s stock valued at $19,370,000 after acquiring an additional 61,877 shares during the last quarter. Finally, Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna acquired a new position in shares of Marvell Technology during the 2nd quarter worth $1,159,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, CFO Willem A. Meintjes bought 3,400 shares of Marvell Technology stock in a transaction on Thursday, September 25th. The stock was acquired at an average cost of $78.03 per share, with a total value of $265,302.00. Following the completion of the acquisition, the chief financial officer owned 132,159 shares in the company, valued at approximately $10,312,366.77. This represents a 2.64% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Chris Koopmans acquired 6,800 shares of the stock in a transaction dated Thursday, September 25th. The shares were bought at an average cost of $78.03 per share, for a total transaction of $530,604.00. Following the completion of the transaction, the chief operating officer owned 104,825 shares in the company, valued at approximately $8,179,494.75. This represents a 6.94% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders purchased 27,200 shares of company stock worth $2,109,632. 0.19% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on MRVL shares. Wells Fargo & Company raised their price objective on Marvell Technology from $90.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 3rd. Roth Capital boosted their target price on shares of Marvell Technology from $105.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Cantor Fitzgerald set a $110.00 price target on Marvell Technology in a research report on Wednesday, December 3rd. Summit Insights raised shares of Marvell Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, December 3rd. Finally, Craig Hallum restated a “buy” rating and set a $141.00 price target on shares of Marvell Technology in a research report on Wednesday, December 3rd. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $111.56.

Marvell Technology Price Performance

Shares of Marvell Technology stock opened at $92.47 on Thursday. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $127.48. The company has a market cap of $78.42 billion, a PE ratio of 32.45, a P/E/G ratio of 0.86 and a beta of 1.93. The business has a 50 day moving average of $88.21 and a 200 day moving average of $77.92. The company has a quick ratio of 1.64, a current ratio of 2.01 and a debt-to-equity ratio of 0.28.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Tuesday, December 2nd. The semiconductor company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. Marvell Technology had a return on equity of 13.15% and a net margin of 31.75%.The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same quarter last year, the firm posted $0.43 earnings per share. The company’s revenue for the quarter was up 36.8% on a year-over-year basis. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. As a group, equities research analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology announced that its board has authorized a share repurchase program on Wednesday, September 24th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to buy up to 7.8% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Marvell Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Friday, October 10th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Friday, October 10th. Marvell Technology’s dividend payout ratio (DPR) is 8.42%.

Marvell Technology 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.