PFG Investments LLC Grows Stake in Marvell Technology, Inc. $MRVL

PFG Investments LLC boosted its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 322.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,563 shares of the semiconductor company’s stock after acquiring an additional 21,806 shares during the quarter. PFG Investments LLC’s holdings in Marvell Technology were worth $2,401,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Norges Bank bought a new position in shares of Marvell Technology during the 2nd quarter valued at approximately $716,713,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in Marvell Technology by 4,758.5% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,036,216 shares of the semiconductor company’s stock worth $544,603,000 after buying an additional 6,891,393 shares during the period. Amundi increased its position in Marvell Technology by 113.4% during the second quarter. Amundi now owns 8,648,350 shares of the semiconductor company’s stock valued at $642,140,000 after acquiring an additional 4,596,309 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Marvell Technology by 112.4% in the second quarter. Franklin Resources Inc. now owns 8,097,620 shares of the semiconductor company’s stock valued at $626,756,000 after acquiring an additional 4,285,330 shares during the period. Finally, Aspex Management HK Ltd bought a new stake in shares of Marvell Technology in the 2nd quarter worth about $324,736,000. 83.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Evercore ISI upped their price target on shares of Marvell Technology from $122.00 to $156.00 and gave the company an “outperform” rating in a report on Wednesday, December 3rd. Needham & Company LLC upped their target price on Marvell Technology from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. Rosenblatt Securities reiterated a “buy” rating and issued a $120.00 price target on shares of Marvell Technology in a report on Wednesday, January 7th. Raymond James Financial restated a “strong-buy” rating on shares of Marvell Technology in a report on Tuesday, January 6th. Finally, Citigroup reiterated a “buy” rating on shares of Marvell Technology in a research note on Monday, December 22nd. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $115.09.

Insider Buying and Selling

In other news, EVP Mark Casper sold 5,000 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $93.08, for a total value of $465,400.00. Following the completion of the sale, the executive vice president owned 19,418 shares in the company, valued at approximately $1,807,427.44. The trade was a 20.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.19% of the company’s stock.

Marvell Technology Trading Down 3.5%

MRVL opened at $80.23 on Friday. The company has a quick ratio of 1.64, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. The stock’s fifty day moving average is $85.69 and its two-hundred day moving average is $81.11. The company has a market capitalization of $68.04 billion, a P/E ratio of 28.15, a PEG ratio of 0.78 and a beta of 1.95. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $127.20.

Marvell Technology (NASDAQ:MRVL) last issued its earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Marvell Technology had a return on equity of 13.15% and a net margin of 31.75%.The business’s revenue for the quarter was up 36.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.43 EPS. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. Analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 29th. Shareholders 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 dividend on an annualized basis and a yield of 0.3%. Marvell Technology’s dividend payout ratio (DPR) is 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.