Marvell Technology, Inc. $MRVL Shares Bought by NEOS Investment Management LLC

NEOS Investment Management LLC grew its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 67.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 266,050 shares of the semiconductor company’s stock after purchasing an additional 107,312 shares during the quarter. NEOS Investment Management LLC’s holdings in Marvell Technology were worth $22,367,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wealthcare Advisory Partners LLC boosted its holdings in shares of Marvell Technology by 5.7% during the third quarter. Wealthcare Advisory Partners LLC now owns 10,963 shares of the semiconductor company’s stock worth $922,000 after purchasing an additional 595 shares during the period. Rothschild Investment LLC lifted its position in Marvell Technology by 2.4% in the 3rd quarter. Rothschild Investment LLC now owns 76,476 shares of the semiconductor company’s stock worth $6,429,000 after buying an additional 1,804 shares in the last quarter. Southeast Asset Advisors LLC boosted its stake in shares of Marvell Technology by 44.8% during the 3rd quarter. Southeast Asset Advisors LLC now owns 7,306 shares of the semiconductor company’s stock valued at $614,000 after buying an additional 2,260 shares during the period. Zions Bancorporation National Association UT grew its holdings in shares of Marvell Technology by 159.0% during the 3rd quarter. Zions Bancorporation National Association UT now owns 33,438 shares of the semiconductor company’s stock valued at $2,811,000 after acquiring an additional 20,528 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Marvell Technology by 23.5% in the third quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock worth $6,692,830,000 after acquiring an additional 15,166,976 shares during the last quarter. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Insider Buying and Selling at Marvell Technology

In related news, EVP Mark Casper sold 5,000 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $93.08, for a total transaction of $465,400.00. Following the transaction, the executive vice president directly owned 19,418 shares in the company, valued at approximately $1,807,427.44. The trade was a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.33% of the stock is owned by insiders.

Analysts Set New Price Targets

MRVL has been the topic of several research analyst reports. Benchmark restated a “hold” rating on shares of Marvell Technology in a research report on Tuesday, February 3rd. Cantor Fitzgerald set a $100.00 target price on shares of Marvell Technology in a research report on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft set a $120.00 price target on Marvell Technology in a research report on Tuesday, February 10th. Piper Sandler set a $110.00 target price on shares of Marvell Technology in a report on Wednesday, December 3rd. Finally, Wells Fargo & Company lifted their target price on Marvell Technology from $90.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, December 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $115.16.

Marvell Technology Price Performance

Shares of NASDAQ MRVL opened at $78.61 on Tuesday. The company has a quick ratio of 1.64, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. The company has a market cap of $66.60 billion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 0.62 and a beta of 1.97. The business’s 50 day moving average price is $83.08 and its two-hundred day moving average price is $81.76. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve month high of $112.50.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. The business had revenue of $2.07 billion during 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%.Marvell Technology’s revenue for the quarter was up 36.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.43 EPS. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. On average, analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Stockholders of record on Friday, January 9th were issued a $0.06 dividend. 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 currently 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.