Great Lakes Advisors LLC Has $285,000 Holdings in Marvell Technology, Inc. $MRVL

Great Lakes Advisors LLC cut its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 80.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,393 shares of the semiconductor company’s stock after selling 13,979 shares during the period. Great Lakes Advisors LLC’s holdings in Marvell Technology were worth $285,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Game Plan Financial Advisors LLC acquired a new stake in Marvell Technology in the second quarter valued at approximately $27,000. Atlantic Edge Private Wealth Management LLC lifted its stake in shares of Marvell Technology by 160.0% in the 3rd quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 200 shares during the last quarter. Kiker Wealth Management LLC boosted its holdings in Marvell Technology by 374.7% in the second quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 281 shares in the last quarter. Nova Wealth Management Inc. increased its position in Marvell Technology by 3,922.2% during the third quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company’s stock worth $30,000 after buying an additional 353 shares during the last quarter. Finally, Westside Investment Management Inc. raised its holdings in Marvell Technology by 62.5% during the second quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 160 shares in the last quarter. Institutional investors own 83.51% of the company’s stock.

Marvell Technology Stock Performance

MRVL opened at $78.57 on Tuesday. The stock’s 50 day simple moving average is $85.80 and its 200-day simple moving average is $81.55. 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 stock has a market cap of $66.63 billion, a PE ratio of 27.57, a P/E/G ratio of 0.76 and a beta of 1.97. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $121.81.

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 the consensus estimate of $0.74 by $0.02. The firm 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 business’s revenue for the quarter was up 36.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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 EPS for the current year.

Marvell Technology Announces Dividend

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

Analysts Set New Price Targets

MRVL has been the topic of a number of analyst reports. Susquehanna set a $120.00 price objective on Marvell Technology and gave the company a “positive” rating in a report on Wednesday, December 3rd. Piper Sandler set a $110.00 price objective on shares of Marvell Technology in a report on Wednesday, December 3rd. Craig Hallum reiterated a “buy” rating and issued a $141.00 target price on shares of Marvell Technology in a report on Wednesday, December 3rd. HSBC started coverage on Marvell Technology in a research report on Monday, November 24th. They issued a “hold” rating and a $85.00 price target on the stock. Finally, Morgan Stanley set a $112.00 price objective on Marvell Technology in a research report on Wednesday, December 3rd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $115.09.

Insider Buying and Selling

In other Marvell Technology news, EVP Mark Casper sold 5,000 shares of the company’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $93.08, for a total value of $465,400.00. Following the sale, the executive vice president directly owned 19,418 shares in the company, valued at $1,807,427.44. This represents a 20.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.33% of the stock is currently owned by corporate insiders.

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.