Strengthening Families & Communities LLC Raises Position in Marvell Technology, Inc. $MRVL

Strengthening Families & Communities LLC grew its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 2,301.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 33,065 shares of the semiconductor company’s stock after purchasing an additional 31,688 shares during the period. Strengthening Families & Communities LLC’s holdings in Marvell Technology were worth $2,764,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Allianz Asset Management GmbH raised its holdings in Marvell Technology by 8.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 302,373 shares of the semiconductor company’s stock worth $25,420,000 after acquiring an additional 24,308 shares during the last quarter. Callan Family Office LLC boosted its stake in Marvell Technology by 2.6% during the 3rd quarter. Callan Family Office LLC now owns 16,138 shares of the semiconductor company’s stock valued at $1,357,000 after purchasing an additional 412 shares during the last quarter. Atlantic Union Bankshares Corp increased its holdings in shares of Marvell Technology by 30.5% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 1,566 shares of the semiconductor company’s stock worth $132,000 after purchasing an additional 366 shares in the last quarter. Bridges Investment Management Inc. raised its stake in shares of Marvell Technology by 14.2% in the third quarter. Bridges Investment Management Inc. now owns 3,719 shares of the semiconductor company’s stock worth $313,000 after purchasing an additional 462 shares during the last quarter. Finally, State of Wyoming raised its stake in shares of Marvell Technology by 41.3% in the third quarter. State of Wyoming now owns 4,767 shares of the semiconductor company’s stock worth $401,000 after purchasing an additional 1,393 shares during the last quarter. Institutional investors own 83.51% of the company’s stock.

Marvell Technology Stock Down 0.4%

MRVL opened at $78.57 on Tuesday. The firm’s 50 day simple moving average is $85.80 and its two-hundred day simple moving average is $81.55. The company has a market capitalization of $66.63 billion, a PE ratio of 27.57, a PEG 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. 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 (NASDAQ:MRVL) last released its earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter last year, the business earned $0.43 EPS. The firm’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 forecast that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Investors of record on Friday, January 9th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, January 9th. This represents a $0.24 annualized dividend and a yield of 0.3%. Marvell Technology’s dividend payout ratio is currently 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 stock was sold at an average price of $93.08, for a total value of $465,400.00. Following the completion of the sale, the executive vice president owned 19,418 shares in the company, valued at approximately $1,807,427.44. This represents a 20.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MRVL. JPMorgan Chase & Co. increased their price objective on Marvell Technology from $120.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, December 3rd. Raymond James Financial restated a “strong-buy” rating on shares of Marvell Technology in a research note on Tuesday, January 6th. Summit Redstone set a $105.00 price target on shares of Marvell Technology in a report on Wednesday, October 15th. Hsbc Global Res upgraded shares of Marvell Technology to a “hold” rating in a research note on Monday, November 24th. Finally, B. Riley reissued a “buy” rating and set a $130.00 price objective (up from $100.00) on shares of Marvell Technology in a 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $115.09.

About Marvell Technology

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.