2,611,958 Shares in Marvell Technology, Inc. $MRVL Purchased by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP bought a new position in Marvell Technology, Inc. (NASDAQ:MRVL) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,611,958 shares of the semiconductor company’s stock, valued at approximately $219,587,000. Marvell Technology comprises approximately 0.9% of Westfield Capital Management Co. LP’s portfolio, making the stock its 20th largest position. Westfield Capital Management Co. LP owned approximately 0.30% of Marvell Technology as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ellsworth Advisors LLC acquired a new position in shares of Marvell Technology during the third quarter valued at $5,864,000. Vanguard Group Inc. boosted its stake in Marvell Technology by 23.5% during the 3rd quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock valued at $6,692,830,000 after purchasing an additional 15,166,976 shares during the period. Waterfront Wealth Inc. grew its position in Marvell Technology by 21.5% in the 2nd quarter. Waterfront Wealth Inc. now owns 18,394 shares of the semiconductor company’s stock worth $1,424,000 after purchasing an additional 3,258 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its stake in shares of Marvell Technology by 1,292.1% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 389,809 shares of the semiconductor company’s stock valued at $32,656,000 after purchasing an additional 361,807 shares during the period. Finally, Norges Bank bought a new stake in shares of Marvell Technology during the second quarter valued at approximately $716,713,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

Insiders Place Their Bets

In other Marvell Technology news, EVP Mark Casper sold 5,000 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $93.08, for a total transaction of $465,400.00. Following the sale, the executive vice president directly owned 19,418 shares of the company’s stock, valued at $1,807,427.44. The trade was a 20.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Melius Research raised Marvell Technology from a “hold” rating to a “buy” rating and set a $135.00 target price on the stock in a research note on Monday, January 5th. KeyCorp raised their price target on Marvell Technology from $90.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, December 3rd. The Goldman Sachs Group upped their price objective on shares of Marvell Technology from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. Barclays raised their target price on shares of Marvell Technology from $80.00 to $105.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 3rd. Finally, Rosenblatt Securities reduced their price target on shares of Marvell Technology from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $115.31.

Marvell Technology Stock Up 3.2%

Shares of Marvell Technology stock opened at $80.92 on Thursday. The company has a quick ratio of 1.64, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $102.77. The firm has a market capitalization of $70.50 billion, a PE ratio of 28.39, a price-to-earnings-growth ratio of 0.62 and a beta of 1.97. The stock’s fifty day moving average is $82.06 and its 200-day moving average is $81.87.

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

Marvell Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 29th. Investors of record on Friday, January 9th were paid a $0.06 dividend. The ex-dividend date of this dividend was 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 currently 8.42%.

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.