Marvell Technology, Inc. $MRVL Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp trimmed its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 0.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 671,992 shares of the semiconductor company’s stock after selling 5,308 shares during the period. Fifth Third Bancorp owned about 0.08% of Marvell Technology worth $177,547,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in MRVL. Three Bridge Wealth Advisors LLC acquired a new position in Marvell Technology in the third quarter worth approximately $72,000. Artemis Wealth Advisors LLC acquired a new stake in shares of Marvell Technology during the 3rd quarter valued at $6,605,000. Gagnon Securities LLC acquired a new stake in shares of Marvell Technology during the 3rd quarter valued at $854,000. Paradigm Asset Management Co. LLC acquired a new stake in shares of Marvell Technology during the 3rd quarter valued at $238,000. Finally, King Luther Capital Management Corp acquired a new stake in shares of Marvell Technology during the 3rd quarter valued at $1,235,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Rosenblatt Securities restated a “buy” rating and issued a $300.00 target price on shares of Marvell Technology in a report on Friday, October 30th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Marvell Technology in a report on Thursday, October 29th. Oppenheimer reiterated an “outperform” rating and issued a $425.00 price target on shares of Marvell Technology in a research report on Wednesday, October 7th. Arete Research raised Marvell Technology to a “strong-buy” rating in a research note on Friday, October 16th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $270.00 price target on shares of Marvell Technology in a research note on Wednesday, October 7th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $300.09.

Insiders Place Their Bets

In related news, COO Chris Koopmans sold 10,000 shares of the company’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $186.97, for a total transaction of $1,869,700.00. Following the transaction, the chief operating officer directly owned 202,800 shares of the company’s stock, valued at approximately $37,917,516. The trade was a 4.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Murphy sold 7,500 shares of the company’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $223.39, for a total value of $1,675,425.00. Following the transaction, the chief executive officer directly owned 775,686 shares in the company, valued at $173,280,495.54. The trade was a 0.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 57,285 shares of company stock worth $12,901,763. 0.12% of the stock is owned by corporate insiders.

Marvell Technology Trading Up 9.3%

Marvell Technology stock opened at $168.80 on Thursday. Marvell Technology, Inc. has a 52 week low of $70.68 and a 52 week high of $329.88. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.62 and a current ratio of 3.17. The firm has a market capitalization of $148.02 billion, a price-to-earnings ratio of 55.71, a P/E/G ratio of 4.61 and a beta of 2.32. The company has a 50 day moving average price of $231.09 and a 200 day moving average price of $185.39.

Marvell Technology (NASDAQ:MRVL) last announced its earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.01. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the previous year, the business earned $0.67 EPS. The company’s revenue was up 36.5% on a year-over-year basis. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Research analysts forecast that Marvell Technology, Inc. will post 3.05 EPS for the current year.

Marvell Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 29th. Stockholders of record on Friday, October 9th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, October 9th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. Marvell Technology’s payout ratio is currently 7.92%.

Latest Marvell Technology News

These are some of the MRVL news items that stood out recently:

• Positive Sentiment: A broad rebound in AI-linked stocks provided the main near-term lift, with investors buying the dip after last week’s sector weakness. Marvell’s exposure to data-center chips and optical connectivity added to the appeal. Article: What’s Going On With Marvell Technology Stock Wednesday?
• 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: Quiver reported that Marvell insiders made no open-market purchases and recorded 17 sales over the past six months. This may weigh on sentiment, although insider sales alone do not establish a negative outlook. Article: Marvell Jumps as AI Chip Rally Returns and Lumentum Deal Stays in Focus

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.