Marvell Technology, Inc. $MRVL Stock Holdings Lifted by Krane Funds Advisors LLC

Krane Funds Advisors LLC lifted its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 143.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,912 shares of the semiconductor company’s stock after buying an additional 7,604 shares during the period. Krane Funds Advisors LLC’s holdings in Marvell Technology were worth $1,129,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Marvell Technology by 23.5% in the third quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock valued at $6,692,830,000 after acquiring an additional 15,166,976 shares during the period. Brown Advisory Inc. raised its position in shares of Marvell Technology by 8.0% during the 2nd quarter. Brown Advisory Inc. now owns 20,840,336 shares of the semiconductor company’s stock worth $1,613,044,000 after purchasing an additional 1,539,809 shares during the period. State Street Corp lifted its holdings in shares of Marvell Technology by 2.7% in the 2nd quarter. State Street Corp now owns 20,573,260 shares of the semiconductor company’s stock worth $1,592,370,000 after purchasing an additional 533,946 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Marvell Technology by 16.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 10,406,875 shares of the semiconductor company’s stock valued at $805,473,000 after purchasing an additional 1,464,571 shares during the period. Finally, Norges Bank acquired a new position in Marvell Technology during the 2nd quarter valued at approximately $716,713,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

Insider Buying and Selling at Marvell Technology

In related news, EVP Mark Casper sold 5,000 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president owned 19,418 shares of the company’s stock, valued at $1,807,427.44. This trade represents a 20.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.19% of the stock is currently owned by company insiders.

Marvell Technology Trading Down 2.1%

Shares of NASDAQ:MRVL opened at $77.79 on Tuesday. The company has a 50 day moving average of $82.19 and a 200-day moving average of $81.87. 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 firm has a market cap of $67.77 billion, a P/E ratio of 27.29, a P/E/G ratio of 0.63 and a beta of 1.97. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve month high of $104.67.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings data on Tuesday, December 2nd. The semiconductor company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates 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 for the quarter was up 36.8% on a year-over-year basis. During the same quarter last year, the business earned $0.43 earnings per share. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. As a group, analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MRVL. Craig Hallum reaffirmed a “buy” rating and issued a $141.00 target price on shares of Marvell Technology in a research report on Wednesday, December 3rd. Zacks Research lowered shares of Marvell Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Roth Mkm increased their price objective on shares of Marvell Technology from $105.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Raymond James Financial reiterated a “strong-buy” rating on shares of Marvell Technology in a research report on Tuesday, January 6th. Finally, Citigroup reduced their target price on shares of Marvell Technology from $114.00 to $113.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, Marvell Technology currently has an average rating of “Moderate Buy” and a consensus price target of $115.31.

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.