Marvell Technology, Inc. $MRVL Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 11.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,387,044 shares of the semiconductor company’s stock after selling 188,118 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Marvell Technology were worth $116,609,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Atlantic Edge Private Wealth Management LLC lifted its stake in Marvell Technology by 160.0% during the third quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 200 shares during the last quarter. Kiker Wealth Management LLC lifted its position in shares of Marvell Technology by 374.7% during the 2nd quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock worth $28,000 after buying an additional 281 shares during the last quarter. Nova Wealth Management Inc. lifted its position in shares of Marvell Technology by 3,922.2% during the 3rd 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. Westside Investment Management Inc. boosted its holdings in shares of Marvell Technology by 62.5% in the 2nd 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. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of Marvell Technology in the 2nd quarter valued at $32,000. 83.51% of the stock is owned by hedge funds and other institutional investors.

Marvell Technology Stock Performance

NASDAQ MRVL opened at $80.32 on Friday. The business’s 50 day moving average is $84.92 and its two-hundred day moving average is $81.50. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $121.81. The stock has a market capitalization of $68.12 billion, a price-to-earnings ratio of 28.18, a PEG ratio of 0.57 and a beta of 1.97. 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 issued its earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 EPS for the quarter, topping 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 business’s revenue was up 36.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 EPS. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. Research analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

The company also recently declared 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 was 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 is currently 8.42%.

Insiders Place Their Bets

In related news, EVP Mark Casper sold 5,000 shares of Marvell Technology stock in a transaction on Monday, January 5th. The stock was sold at an average price of $93.08, for a total transaction of $465,400.00. Following the completion of the transaction, the executive vice president directly owned 19,418 shares of the company’s stock, valued at approximately $1,807,427.44. The trade was a 20.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.19% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on MRVL shares. Citigroup dropped their price objective on Marvell Technology from $114.00 to $113.00 and set a “buy” rating on the stock in a report on Tuesday. Craig Hallum reissued a “buy” rating and issued a $141.00 target price on shares of Marvell Technology in a research 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 price target on the stock. Benchmark reissued a “hold” rating on shares of Marvell Technology in a report on Tuesday. Finally, Barclays lifted their target price on shares of Marvell Technology from $80.00 to $105.00 and gave the company an “equal weight” rating in a report on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $115.31.

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.