21,681 Shares in Marvell Technology, Inc. $MRVL Acquired by Leelyn Smith LLC

Leelyn Smith LLC purchased a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 21,681 shares of the semiconductor company’s stock, valued at approximately $1,823,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in MRVL. Norges Bank purchased a new position in Marvell Technology during the 2nd quarter valued at about $716,713,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Marvell Technology by 4,758.5% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,036,216 shares of the semiconductor company’s stock valued at $544,603,000 after purchasing an additional 6,891,393 shares in the last quarter. Amundi increased its holdings in Marvell Technology by 113.4% during the second quarter. Amundi now owns 8,648,350 shares of the semiconductor company’s stock valued at $642,140,000 after buying an additional 4,596,309 shares during the period. Franklin Resources Inc. raised its stake in Marvell Technology by 112.4% in the second quarter. Franklin Resources Inc. now owns 8,097,620 shares of the semiconductor company’s stock worth $626,756,000 after buying an additional 4,285,330 shares in the last quarter. Finally, Aspex Management HK Ltd purchased a new stake in Marvell Technology during the second quarter worth $324,736,000. 83.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MRVL has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their price target on Marvell Technology from $80.00 to $90.00 and gave the company a “neutral” rating in a report on Wednesday, December 3rd. Rosenblatt Securities reiterated a “buy” rating and issued a $120.00 target price on shares of Marvell Technology in a report on Wednesday, January 7th. UBS Group set a $100.00 price target on shares of Marvell Technology in a report on Wednesday, December 3rd. Craig Hallum reaffirmed a “buy” rating and issued a $141.00 price objective on shares of Marvell Technology in a research report on Wednesday, December 3rd. Finally, Evercore ISI increased their target price on shares of Marvell Technology from $122.00 to $156.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.09.

Marvell Technology Stock Performance

Shares of NASDAQ MRVL opened at $83.10 on Friday. The company has a 50 day simple moving average of $85.81 and a two-hundred day simple moving average of $80.99. The stock has a market cap of $70.48 billion, a price-to-earnings ratio of 29.16, a PEG ratio of 0.80 and a beta of 1.95. The company has a current ratio of 2.01, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month high of $127.48.

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

Marvell Technology Announces Dividend

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

Insider Transactions at Marvell Technology

In other Marvell Technology news, EVP Mark Casper sold 5,000 shares of the stock in a transaction on Monday, January 5th. The shares were sold at an average price of $93.08, for a total transaction of $465,400.00. Following the transaction, the executive vice president directly owned 19,418 shares of the company’s stock, valued at $1,807,427.44. This trade represents a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.19% of the company’s stock.

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.