Oppenheimer Asset Management Inc. Has $7.01 Million Holdings in Marvell Technology, Inc. $MRVL

Oppenheimer Asset Management Inc. increased its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 9.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 83,378 shares of the semiconductor company’s stock after purchasing an additional 7,541 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Marvell Technology were worth $7,010,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MRVL. Atlantic Edge Private Wealth Management LLC lifted its stake in shares of Marvell Technology by 160.0% in the third quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 200 shares during the period. Kiker Wealth Management LLC increased its position in Marvell Technology by 374.7% during the 2nd quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 281 shares during the period. Nova Wealth Management Inc. raised its holdings in Marvell Technology by 3,922.2% during the 3rd quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 353 shares during the last quarter. Westside Investment Management Inc. raised its holdings in Marvell Technology by 62.5% during the 2nd quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 160 shares during the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of Marvell Technology in the 2nd quarter worth approximately $32,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Mark Casper sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $93.08, for a total transaction of $465,400.00. Following the completion of the sale, the executive vice president owned 19,418 shares in the company, valued at $1,807,427.44. The trade was a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.33% of the company’s stock.

Marvell Technology Trading Down 0.4%

MRVL opened at $82.01 on Wednesday. Marvell Technology, Inc. has a 1-year low of $47.08 and a 1-year high of $112.50. The company has a current ratio of 2.01, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. The company has a market cap of $69.48 billion, a P/E ratio of 28.78, a price-to-earnings-growth ratio of 0.63 and a beta of 1.97. The company has a fifty day moving average price of $84.53 and a two-hundred day moving average price of $81.74.

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

Marvell Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Friday, January 9th were issued a $0.06 dividend. The ex-dividend date was Friday, January 9th. This represents a $0.24 annualized dividend and a yield of 0.3%. Marvell Technology’s dividend payout ratio is presently 8.42%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on MRVL shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marvell Technology in a research note on Monday, December 29th. Melius Research upgraded shares of Marvell Technology from a “hold” rating to a “buy” rating and set a $135.00 target price on the stock in a report on Monday, January 5th. Citigroup cut their price target on shares of Marvell Technology from $114.00 to $113.00 and set a “buy” rating on the stock in a research report on Tuesday, February 3rd. Royal Bank Of Canada started coverage on Marvell Technology in a research report on Wednesday, January 14th. They issued an “outperform” rating and a $105.00 price objective for the company. Finally, TD Cowen reissued a “hold” rating on shares of Marvell Technology in a research note on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.16.

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.