TD Waterhouse Canada Inc. Acquires 27,945 Shares of Marvell Technology, Inc. $MRVL

TD Waterhouse Canada Inc. increased its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 10.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 283,533 shares of the semiconductor company’s stock after buying an additional 27,945 shares during the period. TD Waterhouse Canada Inc.’s holdings in Marvell Technology were worth $23,821,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MRVL. Ellsworth Advisors LLC acquired a new stake in Marvell Technology in the third quarter worth about $5,864,000. Waterfront Wealth Inc. boosted its stake in shares of Marvell Technology by 21.5% in the 2nd quarter. Waterfront Wealth Inc. now owns 18,394 shares of the semiconductor company’s stock valued at $1,424,000 after purchasing an additional 3,258 shares during the last quarter. BOCHK Asset Management Ltd acquired a new stake in shares of Marvell Technology during the 2nd quarter worth approximately $1,486,000. OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of Marvell Technology by 1,292.1% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 389,809 shares of the semiconductor company’s stock worth $32,656,000 after buying an additional 361,807 shares during the period. Finally, Norges Bank bought a new stake in shares of Marvell Technology during the second quarter worth approximately $716,713,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

Insider Transactions at Marvell Technology

In other Marvell Technology news, EVP Mark Casper sold 5,000 shares of Marvell Technology stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $93.08, for a total value of $465,400.00. Following the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on MRVL shares. Wells Fargo & Company lifted their target price on shares of Marvell Technology from $90.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, December 3rd. The Goldman Sachs Group raised their price target on Marvell Technology from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 3rd. Evercore ISI upped their price objective on Marvell Technology from $122.00 to $156.00 and gave the company an “outperform” rating in a report on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft increased their target price on Marvell Technology from $90.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. Finally, Rosenblatt Securities restated a “buy” rating and set a $120.00 target price on shares of Marvell Technology in a research report on Wednesday, January 7th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $115.09.

Marvell Technology Price Performance

Shares of MRVL opened at $81.34 on Friday. The stock has a 50 day simple moving average of $85.88 and a 200 day simple moving average of $81.32. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $121.81. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.01. The firm has a market capitalization of $68.98 billion, a PE ratio of 28.54, a P/E/G ratio of 0.81 and a beta of 1.95.

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

Marvell Technology Dividend Announcement

The business also recently announced 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 is presently 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.