Moneco Advisors LLC acquired a new stake in Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) during the third quarter, according to its most recent filing with the SEC. The firm acquired 8,109 shares of the semiconductor company’s stock, valued at approximately $2,143,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Coyle Financial Counsel LLC purchased a new stake in shares of Marvell Technology in the third quarter valued at approximately $696,000. Birch Hill Investment Advisors LLC acquired a new position in Marvell Technology during the third quarter worth $848,000. Merit Financial Group LLC raised its position in Marvell Technology by 22.9% in the second quarter. Merit Financial Group LLC now owns 27,079 shares of the semiconductor company’s stock worth $8,067,000 after acquiring an additional 5,047 shares in the last quarter. Swiss National Bank raised its position in Marvell Technology by 5.4% in the first quarter. Swiss National Bank now owns 2,489,003 shares of the semiconductor company’s stock worth $246,536,000 after acquiring an additional 126,600 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC purchased a new position in Marvell Technology in the third quarter worth $24,014,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.
Marvell Technology Stock Performance
MRVL opened at $168.80 on Thursday. The stock has a market cap of $148.02 billion, a P/E ratio of 55.71, a P/E/G ratio of 4.61 and a beta of 2.32. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.17 and a quick ratio of 2.62. The stock’s 50 day simple moving average is $231.09 and its 200 day simple moving average is $185.39. Marvell Technology, Inc. has a 1-year low of $70.68 and a 1-year high of $329.88.
Marvell Technology (NASDAQ:MRVL – Get Free Report) last issued its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.01. The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.72 billion. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%. Marvell Technology’s revenue was up 36.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.67 earnings per share. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. As a group, equities analysts anticipate that Marvell Technology, Inc. will post 3.05 EPS for the current fiscal year.
Marvell Technology Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, October 29th. Stockholders of record on Friday, October 9th were given a $0.06 dividend. 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 dividend payout ratio (DPR) is currently 7.92%.
Key Marvell Technology News
These are some of the MRVL news items that stood out recently:
- 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
Insider Transactions at Marvell Technology
In other news, CAO Justin Scarpulla sold 1,100 shares of the firm’s stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $273.59, for a total value of $300,949.00. Following the completion of the transaction, the chief accounting officer owned 909 shares in the company, valued at $248,693.31. This trade represents a 54.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Chris Koopmans sold 10,000 shares of Marvell Technology 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 transaction, the chief operating officer directly owned 202,800 shares of the company’s stock, valued at $37,917,516. This trade represents a 4.70% decrease in their position. 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. In the last three months, insiders have sold 57,285 shares of company stock worth $12,901,763. Corporate insiders own 0.12% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have commented on MRVL. Raymond James Financial reissued a “strong-buy” rating on shares of Marvell Technology in a report on Thursday, October 29th. Bank of America cut shares of Marvell Technology from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $400.00 to $225.00 in a research note on Tuesday, November 3rd. Citigroup upped their price target on shares of Marvell Technology from $225.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, August 21st. Piper Sandler reiterated an “overweight” rating on shares of Marvell Technology in a report on Thursday, October 29th. Finally, Seaport Research Partners initiated coverage on shares of Marvell Technology in a report on Tuesday, September 22nd. They issued a “buy” rating and a $270.00 price target for the company. 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 data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $300.09.
View Our Latest Report on MRVL
Marvell Technology Company 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.
Further Reading
- Five stocks we like better than Marvell Technology
- Keeping AI Cool: AAON Rides the AI Heatwave to Record Growth
- AST SpaceMobile Has a New Rocket Plan, But Its Cash-Burn Problem Isn’t Going Away
- Powering Up the Moon: Redwire’s $40 Million NASA Award
- Can Constellation Energy’s Contracts Power a Stock Rebound?
Want to see what other hedge funds are holding MRVL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marvell Technology, Inc. (NASDAQ:MRVL – Free Report).
Receive News & Ratings for Marvell Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marvell Technology and related companies with MarketBeat.com's FREE daily email newsletter.
