Sheets Smith Wealth Management Invests $722,000 in Marvell Technology, Inc. $MRVL

Sheets Smith Wealth Management acquired a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the third quarter, Holdings Channel.com reports. The fund acquired 8,583 shares of the semiconductor company’s stock, valued at approximately $722,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Synovus Financial Corp raised its position in Marvell Technology by 3.5% during the first quarter. Synovus Financial Corp now owns 4,791 shares of the semiconductor company’s stock valued at $295,000 after purchasing an additional 161 shares in the last quarter. MetLife Investment Management LLC increased its position in shares of Marvell Technology by 1.7% during the 1st quarter. MetLife Investment Management LLC now owns 18,397 shares of the semiconductor company’s stock valued at $1,133,000 after purchasing an additional 315 shares during the last quarter. Comerica Bank raised its holdings in shares of Marvell Technology by 16.1% during the 1st quarter. Comerica Bank now owns 65,532 shares of the semiconductor company’s stock valued at $4,035,000 after buying an additional 9,104 shares in the last quarter. CreativeOne Wealth LLC raised its holdings in shares of Marvell Technology by 8.5% during the 1st quarter. CreativeOne Wealth LLC now owns 8,920 shares of the semiconductor company’s stock valued at $549,000 after buying an additional 698 shares in the last quarter. Finally, Oarsman Capital Inc. lifted its position in Marvell Technology by 15.4% in the 1st quarter. Oarsman Capital Inc. now owns 6,913 shares of the semiconductor company’s stock worth $426,000 after buying an additional 921 shares during the last quarter. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Marvell Technology Stock Performance

Shares of NASDAQ:MRVL opened at $86.34 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. The company has a 50-day moving average price of $87.55 and a 200-day moving average price of $79.60. The company has a market cap of $73.22 billion, a price-to-earnings ratio of 30.29, a price-to-earnings-growth ratio of 0.84 and a beta of 1.93. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month high of $127.48.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $2.06 billion. During the same quarter in the previous year, the business earned $0.43 EPS. Marvell Technology’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. As a group, equities analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology declared that its board has initiated a share buyback program on Wednesday, September 24th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 7.8% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Marvell Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 29th. Investors of record on Friday, January 9th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, January 9th. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. Marvell Technology’s dividend payout ratio (DPR) is presently 8.42%.

Insiders Place Their Bets

In other Marvell Technology news, EVP Mark Casper sold 1,253 shares of the business’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $101.00, for a total transaction of $126,553.00. Following the transaction, the executive vice president directly owned 9,023 shares of the company’s stock, valued at approximately $911,323. The trade was a 12.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.19% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MRVL has been the topic of a number of recent research reports. Wells Fargo & Company increased their price target on shares of Marvell Technology from $90.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, December 3rd. Evercore ISI lifted their target price on shares of Marvell Technology from $122.00 to $156.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 3rd. Cantor Fitzgerald set a $100.00 price target on shares of Marvell Technology in a research report on Tuesday, December 16th. Hsbc Global Res upgraded Marvell Technology to a “hold” rating in a report on Monday, November 24th. Finally, Roth Capital boosted their target price on Marvell Technology from $105.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. Four analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $111.25.

Marvell Technology 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.