AE Wealth Management LLC Boosts Position in Marvell Technology, Inc. $MRVL

AE Wealth Management LLC raised its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 27.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 89,329 shares of the semiconductor company’s stock after buying an additional 19,379 shares during the period. AE Wealth Management LLC’s holdings in Marvell Technology were worth $7,510,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Intech Investment Management LLC boosted its holdings in shares of Marvell Technology by 3.9% in the first quarter. Intech Investment Management LLC now owns 28,784 shares of the semiconductor company’s stock valued at $1,772,000 after purchasing an additional 1,085 shares during the period. Janney Montgomery Scott LLC raised its position in Marvell Technology by 1.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 134,492 shares of the semiconductor company’s stock valued at $10,410,000 after purchasing an additional 2,094 shares in the last quarter. Capital Investment Advisors LLC bought a new stake in Marvell Technology during the 2nd quarter valued at $230,000. PFG Investments LLC grew its position in shares of Marvell Technology by 2.6% during the 2nd quarter. PFG Investments LLC now owns 6,757 shares of the semiconductor company’s stock worth $523,000 after buying an additional 174 shares in the last quarter. Finally, Trust Co. of Vermont grew its position in shares of Marvell Technology by 62.4% during the 2nd quarter. Trust Co. of Vermont now owns 1,041 shares of the semiconductor company’s stock worth $81,000 after buying an additional 400 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MRVL shares. Susquehanna set a $120.00 price objective on shares of Marvell Technology and gave the stock a “positive” rating in a research note on Wednesday, December 3rd. Summit Insights raised shares of Marvell Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, December 3rd. Rosenblatt Securities reissued a “buy” rating and set a $120.00 price objective on shares of Marvell Technology in a report on Wednesday, January 7th. Wells Fargo & Company boosted their price objective on shares of Marvell Technology from $90.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 3rd. Finally, UBS Group set a $100.00 target price on Marvell Technology in a research report on Wednesday, December 3rd. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, Marvell Technology has an average rating of “Moderate Buy” and an average price target of $115.09.

Insider Activity

In related news, EVP Mark Casper sold 5,000 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $93.08, for a total value of $465,400.00. Following the completion of the transaction, the executive vice president directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.19% of the stock is currently owned by company insiders.

Marvell Technology Stock Performance

Shares of MRVL stock opened at $78.92 on Friday. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $121.81. The business’s fifty day simple moving average is $85.91 and its 200-day simple moving average is $81.37. 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 company has a market cap of $66.93 billion, a PE ratio of 27.69, a PEG ratio of 0.79 and a beta of 1.95.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter last year, the firm earned $0.43 EPS. The business’s quarterly 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. Analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 29th. Stockholders of record on Friday, January 9th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, January 9th. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. 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.