Freemont Management S.A. Sells 12,700 Shares of Marvell Technology, Inc. $MRVL

Freemont Management S.A. lessened its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 88.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,700 shares of the semiconductor company’s stock after selling 12,700 shares during the quarter. Freemont Management S.A.’s holdings in Marvell Technology were worth $143,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MRVL. IMA Advisory Services Inc. bought a new stake in shares of Marvell Technology in the 3rd quarter valued at about $1,963,000. Atria Investments Inc lifted its position in Marvell Technology by 15.6% during the third quarter. Atria Investments Inc now owns 45,797 shares of the semiconductor company’s stock valued at $3,850,000 after acquiring an additional 6,192 shares during the last quarter. Wedbush Securities Inc. boosted its stake in Marvell Technology by 9.4% in the third quarter. Wedbush Securities Inc. now owns 16,991 shares of the semiconductor company’s stock valued at $1,428,000 after acquiring an additional 1,458 shares in the last quarter. Sound Shore Management Inc CT purchased a new position in Marvell Technology in the third quarter worth $72,365,000. Finally, Mechanics Financial Corp grew its holdings in Marvell Technology by 21.7% in the third quarter. Mechanics Financial Corp now owns 5,151 shares of the semiconductor company’s stock worth $433,000 after purchasing an additional 920 shares during the last quarter. 83.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Citigroup decreased their price objective on Marvell Technology from $114.00 to $113.00 and set a “buy” rating for the company in a report on Tuesday, February 3rd. JPMorgan Chase & Co. increased their price target on Marvell Technology from $120.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, December 3rd. Melius Research raised Marvell Technology from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a report on Monday, January 5th. Craig Hallum restated a “buy” rating and set a $141.00 price target on shares of Marvell Technology in a research note on Wednesday, December 3rd. Finally, Royal Bank Of Canada assumed coverage on shares of Marvell Technology in a research report on Wednesday, January 14th. They issued an “outperform” rating and a $105.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $115.16.

Insiders Place Their Bets

In other Marvell Technology news, EVP Mark Casper sold 5,000 shares of the stock in a transaction dated Monday, January 5th. The stock was 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 trade represents a 20.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.19% of the company’s stock.

Marvell Technology Trading Down 3.8%

Shares of NASDAQ:MRVL opened at $78.23 on Friday. The business has a 50-day moving average price of $83.75 and a 200-day moving average price of $81.71. The stock has a market cap of $66.28 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 0.64 and a beta of 1.97. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $112.50. The company has a quick ratio of 1.64, a current ratio of 2.01 and a debt-to-equity ratio of 0.28.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share (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 during the quarter, compared to analyst estimates of $2.06 billion. During the same period last year, the firm posted $0.43 EPS. Marvell Technology’s revenue for the quarter 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. Equities analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Dividend Announcement

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

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.