NBH Bank purchased a new position in Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 3,754 shares of the semiconductor company’s stock, valued at approximately $992,000.
Other institutional investors have also added to or reduced their stakes in the company. Joel Isaacson & Co. LLC purchased a new stake in Marvell Technology in the 3rd quarter worth $1,122,000. Jacobi Capital Management LLC purchased a new position in shares of Marvell Technology during the third quarter valued at about $1,091,000. Jefferies Financial Group Inc. purchased a new position in shares of Marvell Technology during the third quarter valued at about $750,000. First Command Advisory Services Inc. bought a new stake in shares of Marvell Technology in the third quarter worth about $278,000. Finally, Silver Grove Financial Group Inc. bought a new stake in shares of Marvell Technology in the third quarter worth about $268,000. 83.51% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms recently commented on MRVL. Needham & Company LLC decreased their target price on Marvell Technology from $400.00 to $300.00 and set a “buy” rating on the stock in a research report on Tuesday, November 3rd. Susquehanna cut their price target on Marvell Technology from $340.00 to $300.00 and set a “positive” rating for the company in a report on Tuesday, November 3rd. William Blair reaffirmed an “outperform” rating on shares of Marvell Technology in a research note on Monday, November 2nd. Cantor Fitzgerald decreased their price objective on Marvell Technology from $350.00 to $225.00 and set a “neutral” rating on the stock in a report on Tuesday, November 3rd. Finally, Oppenheimer reiterated an “outperform” rating and set a $425.00 target price on shares of Marvell Technology in a research report on Wednesday, October 7th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $300.09.
Check Out Our Latest Analysis on MRVL
Marvell Technology Price Performance
MRVL stock opened at $168.80 on Thursday. Marvell Technology, Inc. has a 12 month low of $70.68 and a 12 month high of $329.88. The company has a current ratio of 3.17, a quick ratio of 2.62 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average price of $231.09 and a 200 day moving average price of $185.39. The stock has a market cap of $148.02 billion, a PE ratio of 55.71, a P/E/G ratio of 4.61 and a beta of 2.32.
Marvell Technology (NASDAQ:MRVL – Get Free Report) last posted its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.01. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.72 billion. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. The firm’s revenue for the quarter was up 36.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.67 EPS. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Equities research analysts anticipate that Marvell Technology, Inc. will post 3.05 earnings per share for the current year.
Marvell Technology Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Friday, October 9th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, October 9th. Marvell Technology’s dividend payout ratio (DPR) is currently 7.92%.
Insiders Place Their Bets
In other Marvell Technology news, insider Sandeep Bharathi sold 3,685 shares of the company’s stock in a transaction on Friday, October 16th. The stock was sold at an average price of $234.97, for a total value of $865,864.45. Following the transaction, the insider owned 58,748 shares of the company’s stock, valued at $13,804,017.56. This represents a 5.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Chris Koopmans sold 10,000 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $186.97, for a total value of $1,869,700.00. Following the completion of the sale, the chief operating officer owned 202,800 shares in the company, valued at approximately $37,917,516. The trade was a 4.70% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 57,285 shares of company stock worth $12,901,763 in the last 90 days. 0.12% of the stock is owned by insiders.
Key Marvell Technology News
Investors following MRVL have been watching these news items:
- Positive Sentiment: The proposed Lumentum acquisition could combine Marvell’s silicon capabilities with optical technology for AI data centers. Marvell has touted stronger long-term growth and more than $1 billion in annual run-rate cost synergies. Article: Marvell Jumps as AI Chip Rally Returns and Lumentum Deal Stays in Focus
- Neutral Sentiment: The rebound may be a recovery from a sharp selloff rather than confirmation of a lasting trend change. Recent strength in data-center demand supports the AI-growth case, but there was no single new company-specific catalyst reported. Article: Marvell Technology stock is rising: Is this a dead cat bounce or a real recovery?
- Negative Sentiment: The $115 billion all-stock Lumentum deal remains a substantial execution and valuation risk. A report citing merger specialists put the odds of closing at roughly 50%, while other coverage noted that Marvell’s valuation already assumes significant future growth. Article: Marvell’s $115 Billion Lumentum Deal Faces 50-50 Odds
Marvell Technology Profile
Marvell Technology is a fabless semiconductor company that develops data infrastructure chips and related technologies. Its products include networking and Ethernet chips, storage controllers, processors, optical and connectivity solutions, and custom silicon used in data centers, carrier networks, enterprise systems, and other applications. The company’s products help move, store, process, and secure data across cloud and telecommunications infrastructure. Marvell serves customers around the world, including equipment makers and technology companies that incorporate its semiconductors into their systems.
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