State of Wyoming Has $630,000 Holdings in Marvell Technology, Inc. $MRVL

State of Wyoming lifted its position in Marvell Technology, Inc. (NASDAQ:MRVLFree Report) by 69.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,359 shares of the semiconductor company’s stock after buying an additional 2,598 shares during the quarter. State of Wyoming’s holdings in Marvell Technology were worth $630,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MRVL. Laurel Wealth Advisors LLC bought a new position in Marvell Technology during the fourth quarter worth about $25,000. Jessup Wealth Management Inc bought a new stake in Marvell Technology in the fourth quarter valued at approximately $25,000. Hilton Head Capital Partners LLC lifted its position in shares of Marvell Technology by 978.3% in the first quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 225 shares during the last quarter. Cherry Tree Wealth Management LLC acquired a new stake in shares of Marvell Technology in the fourth quarter valued at approximately $26,000. Finally, MidFirst Bank bought a new position in shares of Marvell Technology during the 4th quarter worth approximately $28,000. 83.51% of the stock is owned by institutional investors.

Marvell Technology Price Performance

Shares of NASDAQ MRVL opened at $209.32 on Friday. The firm has a market cap of $183.11 billion, a P/E ratio of 71.68, a price-to-earnings-growth ratio of 1.32 and a beta of 2.20. The business’s 50 day moving average is $243.07 and its 200-day moving average is $152.87. The company has a current ratio of 3.28, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27. Marvell Technology, Inc. has a 1-year low of $61.44 and a 1-year high of $329.88.

Marvell Technology (NASDAQ:MRVLGet Free Report) last released its quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.80. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the previous year, the company posted $0.62 EPS. The firm’s quarterly revenue was up 27.6% on a year-over-year basis. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. Equities research analysts predict that Marvell Technology, Inc. will post 3.07 earnings per share for the current year.

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Friday, July 10th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, July 10th. Marvell Technology’s payout ratio is presently 8.22%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on MRVL shares. UBS Group boosted their target price on Marvell Technology from $230.00 to $340.00 and gave the stock a “buy” rating in a report on Monday, June 29th. B. Riley Financial raised their price target on Marvell Technology from $240.00 to $345.00 and gave the company a “buy” rating in a report on Friday, June 12th. Cantor Fitzgerald lifted their price objective on shares of Marvell Technology from $220.00 to $300.00 and gave the stock a “neutral” rating in a research report on Monday, June 29th. Benchmark upped their price objective on shares of Marvell Technology from $130.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Finally, Citigroup increased their price objective on shares of Marvell Technology from $118.00 to $215.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Marvell Technology currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.45.

Check Out Our Latest Analysis on MRVL

Marvell Technology News Roundup

Here are the key news stories impacting Marvell Technology this week:

Insiders Place Their Bets

In other Marvell Technology news, CFO Daniel Durn sold 2,250 shares of Marvell Technology stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $281.01, for a total value of $632,272.50. Following the completion of the sale, the chief financial officer owned 6,902 shares in the company, valued at $1,939,531.02. The trade was a 24.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew J. Murphy sold 7,500 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $177.26, for a total transaction of $1,329,450.00. Following the completion of the sale, the chief executive officer directly owned 739,397 shares of the company’s stock, valued at $131,065,512.22. This represents a 1.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 45,981 shares of company stock valued at $9,835,542 in the last three months. Insiders own 0.12% of the company’s stock.

Marvell Technology Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Marvell Technology (NASDAQ:MRVL)

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