Lbp Am Sa Has $50.24 Million Holdings in Marvell Technology, Inc. $MRVL

Lbp Am Sa grew its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 6.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 597,649 shares of the semiconductor company’s stock after acquiring an additional 35,444 shares during the period. Lbp Am Sa owned 0.07% of Marvell Technology worth $50,244,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Marvell Technology by 98.0% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 493 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 244 shares during the last quarter. Capital Investment Counsel Inc raised its position in shares of Marvell Technology by 95.9% in the 3rd quarter. Capital Investment Counsel Inc now owns 124,351 shares of the semiconductor company’s stock worth $10,454,000 after acquiring an additional 60,861 shares in the last quarter. Blackhawk Capital Partners LLC acquired a new stake in Marvell Technology during the third quarter worth approximately $1,689,000. PFG Investments LLC increased its stake in shares of Marvell Technology by 322.7% in the 3rd quarter. PFG Investments LLC now owns 28,563 shares of the semiconductor company’s stock valued at $2,401,000 after acquiring an additional 21,806 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Marvell Technology during the 3rd quarter valued at $1,818,000. Institutional investors own 83.51% of the company’s stock.

Analysts Set New Price Targets

MRVL has been the topic of several recent research reports. Morgan Stanley set a $112.00 price objective on shares of Marvell Technology in a report on Wednesday, December 3rd. JPMorgan Chase & Co. boosted their price objective on Marvell Technology from $120.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, December 3rd. HSBC began coverage on Marvell Technology in a research report on Monday, November 24th. They set a “hold” rating and a $85.00 target price on the stock. Susquehanna set a $120.00 target price on shares of Marvell Technology and gave the company a “positive” rating in a report on Wednesday, December 3rd. Finally, Needham & Company LLC upped their price objective on shares of Marvell Technology from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Three equities research 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. Based on data from MarketBeat.com, Marvell Technology presently has an average rating of “Moderate Buy” and a consensus target price of $115.09.

Insider Activity

In related news, EVP Mark Casper sold 5,000 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $93.08, for a total transaction of $465,400.00. Following the sale, the executive vice president directly owned 19,418 shares of the company’s stock, valued at approximately $1,807,427.44. This represents a 20.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.33% of the company’s stock.

Marvell Technology Trading Down 3.5%

Shares of MRVL opened at $80.23 on Monday. Marvell Technology, Inc. has a 1-year low of $47.08 and a 1-year high of $127.20. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.64. The company has a market capitalization of $68.04 billion, a P/E ratio of 28.15, a P/E/G ratio of 0.78 and a beta of 1.95. The firm’s 50 day simple moving average is $85.69 and its 200 day simple moving average is $81.17.

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

Marvell Technology Dividend Announcement

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 issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, January 9th. Marvell Technology’s payout ratio is 8.42%.

Marvell Technology Company 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.