Vaughan Nelson Investment Management L.P. Sells 69,625 Shares of Marvell Technology, Inc. $MRVL

Vaughan Nelson Investment Management L.P. lowered its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 12.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 471,824 shares of the semiconductor company’s stock after selling 69,625 shares during the period. Vaughan Nelson Investment Management L.P. owned 0.05% of Marvell Technology worth $39,666,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. McIlrath & Eck LLC boosted its holdings in Marvell Technology by 1,167.0% in the third quarter. McIlrath & Eck LLC now owns 2,534 shares of the semiconductor company’s stock worth $213,000 after acquiring an additional 2,334 shares in the last quarter. Gunderson Capital Management Inc. bought a new position in Marvell Technology in the 3rd quarter worth about $2,840,000. CoreCap Advisors LLC grew its position in Marvell Technology by 85.6% during the 3rd quarter. CoreCap Advisors LLC now owns 2,190 shares of the semiconductor company’s stock valued at $184,000 after purchasing an additional 1,010 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its position in Marvell Technology by 3.2% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 14,719 shares of the semiconductor company’s stock valued at $1,237,000 after purchasing an additional 457 shares during the last quarter. Finally, D.A. Davidson & CO. increased its stake in Marvell Technology by 21.0% during the 3rd quarter. D.A. Davidson & CO. now owns 44,615 shares of the semiconductor company’s stock valued at $3,751,000 after purchasing an additional 7,739 shares in the last quarter. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on MRVL shares. Morgan Stanley set a $112.00 target price on shares of Marvell Technology in a research note on Wednesday, December 3rd. Evercore ISI upped their price objective on Marvell Technology from $122.00 to $156.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. Piper Sandler set a $110.00 target price on Marvell Technology in a research note on Wednesday, December 3rd. Stifel Nicolaus boosted their price target on Marvell Technology from $95.00 to $114.00 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. Finally, B. Riley reaffirmed a “buy” rating and set a $130.00 price target (up from $100.00) on shares of Marvell Technology in a report on Wednesday, December 3rd. Four research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, Marvell Technology currently has an average rating of “Moderate Buy” and a consensus price target of $116.03.

Insider Buying and Selling at Marvell Technology

In other news, EVP Mark Casper sold 1,253 shares of the stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $101.00, for a total value of $126,553.00. Following the transaction, the executive vice president owned 9,023 shares in the company, valued at $911,323. This represents a 12.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.33% of the stock is owned by company insiders.

Marvell Technology Price Performance

NASDAQ MRVL opened at $88.23 on Wednesday. The stock has a market capitalization of $74.83 billion, a price-to-earnings ratio of 30.96, a PEG ratio of 0.87 and a beta of 1.95. Marvell Technology, Inc. has a 1-year low of $47.08 and a 1-year high of $127.48. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.64. The business’s fifty day moving average price is $87.85 and its 200-day moving average price is $80.52.

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

Marvell Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 29th. Stockholders of record on Friday, January 9th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. Marvell Technology’s dividend payout ratio is presently 8.42%.

Marvell Technology declared that its board has authorized a stock buyback program on Wednesday, September 24th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to purchase up to 7.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Marvell Technology Company 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.