10,986 Shares in Marvell Technology, Inc. $MRVL Purchased by National Wealth Management Group LLC

National Wealth Management Group LLC acquired a new position in Marvell Technology, Inc. (NASDAQ:MRVL) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 10,986 shares of the semiconductor company’s stock, valued at approximately $924,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Ellsworth Advisors LLC bought a new stake in shares of Marvell Technology during the third quarter valued at approximately $5,864,000. Taylor Frigon Capital Management LLC grew its position in shares of Marvell Technology by 16.5% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 33,605 shares of the semiconductor company’s stock valued at $2,601,000 after acquiring an additional 4,748 shares during the period. Waterfront Wealth Inc. lifted its position in shares of Marvell Technology by 21.5% during the 2nd quarter. Waterfront Wealth Inc. now owns 18,394 shares of the semiconductor company’s stock valued at $1,424,000 after buying an additional 3,258 shares in the last quarter. BOCHK Asset Management Ltd bought a new position in shares of Marvell Technology during the 2nd quarter valued at approximately $1,486,000. Finally, OVERSEA CHINESE BANKING Corp Ltd increased its holdings in Marvell Technology by 1,292.1% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 389,809 shares of the semiconductor company’s stock worth $32,656,000 after acquiring an additional 361,807 shares in the last quarter. 83.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MRVL. Zacks Research cut shares of Marvell Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Wells Fargo & Company boosted their price objective on Marvell Technology from $90.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, December 3rd. Susquehanna set a $120.00 target price on Marvell Technology and gave the stock a “positive” rating in a research report on Wednesday, December 3rd. KeyCorp upped their price target on Marvell Technology from $90.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 3rd. Finally, Melius Research upgraded shares of Marvell Technology from a “hold” rating to a “buy” rating and set a $135.00 price objective on the stock in a research report on Monday, January 5th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $115.09.

Insider Transactions at Marvell Technology

In other news, EVP Mark Casper sold 5,000 shares of the company’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 transaction, the executive vice president owned 19,418 shares of the company’s stock, valued at approximately $1,807,427.44. This represents a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.33% of the stock is currently owned by insiders.

Marvell Technology Stock Down 3.5%

Shares of NASDAQ:MRVL opened at $80.23 on Monday. The company has a 50-day moving average price of $85.69 and a 200 day moving average price of $81.17. The company has a current ratio of 2.01, a quick ratio of 1.64 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 $127.20. The company has a market cap of $68.04 billion, a price-to-earnings ratio of 28.15, a PEG ratio of 0.78 and a beta of 1.95.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings data on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share (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 the consensus estimate of $2.06 billion. Marvell Technology had a return on equity of 13.15% and a net margin of 31.75%.The company’s quarterly revenue was up 36.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.43 earnings per share. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. As a group, equities research analysts predict 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 will be paid on Thursday, January 29th. Investors of record on Friday, January 9th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, January 9th. Marvell Technology’s dividend payout ratio 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.