Marvell Technology, Inc. $MRVL Stake Increased by Explore Capital Management LLC

Explore Capital Management LLC raised its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 25.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 114,870 shares of the semiconductor company’s stock after acquiring an additional 23,370 shares during the quarter. Marvell Technology makes up 6.0% of Explore Capital Management LLC’s portfolio, making the stock its 11th biggest position. Explore Capital Management LLC’s holdings in Marvell Technology were worth $9,657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the stock. Trifecta Capital Advisors LLC raised its stake in shares of Marvell Technology by 8.8% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 1,430 shares of the semiconductor company’s stock valued at $120,000 after purchasing an additional 116 shares in the last quarter. GAMMA Investing LLC increased its holdings in Marvell Technology by 1.7% in the third quarter. GAMMA Investing LLC now owns 7,306 shares of the semiconductor company’s stock valued at $614,000 after buying an additional 122 shares during the last quarter. FSM Wealth Advisors LLC increased its holdings in Marvell Technology by 4.4% in the third quarter. FSM Wealth Advisors LLC now owns 2,939 shares of the semiconductor company’s stock valued at $247,000 after buying an additional 123 shares during the last quarter. Meeder Asset Management Inc. raised its stake in Marvell Technology by 30.4% during the third quarter. Meeder Asset Management Inc. now owns 557 shares of the semiconductor company’s stock valued at $47,000 after buying an additional 130 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV lifted its holdings in Marvell Technology by 1.8% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 7,353 shares of the semiconductor company’s stock worth $618,000 after buying an additional 133 shares during the last quarter. 83.51% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Marvell Technology

In related news, EVP Mark Casper sold 5,000 shares of the firm’s stock in a transaction that occurred 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 trade represents a 20.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.19% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MRVL. Piper Sandler set a $110.00 price target on Marvell Technology in a report on Wednesday, December 3rd. Wells Fargo & Company raised their price objective on Marvell Technology from $90.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 3rd. Barclays increased their target price on shares of Marvell Technology from $80.00 to $105.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 3rd. Oppenheimer reaffirmed an “outperform” rating and issued a $150.00 price target (up from $115.00) on shares of Marvell Technology in a report on Wednesday, December 3rd. Finally, Jefferies Financial Group boosted their price objective on shares of Marvell Technology from $80.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $115.16.

Marvell Technology Stock Performance

Shares of MRVL opened at $79.48 on Friday. The firm has a fifty day moving average of $82.31 and a 200-day moving average of $81.81. The company has a market cap of $69.24 billion, a price-to-earnings ratio of 27.89, a price-to-earnings-growth ratio of 0.62 and a beta of 1.97. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.01. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $109.75.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings data on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.02. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same period last year, the firm posted $0.43 EPS. Marvell Technology’s quarterly 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 anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 29th. Stockholders 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 annualized dividend and a dividend yield of 0.3%. Marvell Technology’s payout ratio is currently 8.42%.

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.