HighTower Advisors LLC Reduces Holdings in Marvell Technology, Inc. $MRVL

HighTower Advisors LLC lowered its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 21.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 193,384 shares of the semiconductor company’s stock after selling 51,626 shares during the period. HighTower Advisors LLC’s holdings in Marvell Technology were worth $16,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Ellsworth Advisors LLC purchased a new stake in shares of Marvell Technology during the 3rd quarter worth approximately $5,864,000. Waterfront Wealth Inc. grew its position 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 buying an additional 3,258 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its stake in 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 acquiring an additional 361,807 shares in the last quarter. Norges Bank purchased a new stake in Marvell Technology in the second quarter valued at $716,713,000. Finally, ProShare Advisors LLC boosted its stake in Marvell Technology by 3.4% in the second quarter. ProShare Advisors LLC now owns 1,277,177 shares of the semiconductor company’s stock valued at $98,854,000 after acquiring an additional 41,465 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Marvell Technology Price Performance

Shares of NASDAQ MRVL opened at $79.61 on Friday. The stock has a fifty day moving average price of $82.41 and a 200 day moving average price of $81.76. Marvell Technology, Inc. has a 1-year low of $47.08 and a 1-year high of $111.00. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.64. The company has a market cap of $67.45 billion, a PE ratio of 27.93, a P/E/G ratio of 0.62 and a beta of 1.97.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Tuesday, December 2nd. The semiconductor company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the prior year, the firm earned $0.43 EPS. Marvell Technology’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. Sell-side analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Friday, January 9th were given a dividend of $0.06 per share. The ex-dividend date was Friday, January 9th. This represents a $0.24 annualized dividend and a yield of 0.3%. Marvell Technology’s payout ratio is presently 8.42%.

Insider Activity

In other news, EVP Mark Casper sold 5,000 shares of the 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 completion of the transaction, the executive vice president directly owned 19,418 shares of the company’s stock, valued at approximately $1,807,427.44. This represents a 20.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MRVL shares. Zacks Research cut Marvell Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Benchmark reaffirmed a “hold” rating on shares of Marvell Technology in a research report on Tuesday, February 3rd. Needham & Company LLC reduced their price objective on Marvell Technology from $120.00 to $118.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. UBS Group lowered their target price on shares of Marvell Technology from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Tuesday, February 3rd. Finally, Evercore upped their price target on shares of Marvell Technology from $122.00 to $156.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $115.16.

Marvell Technology Company 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.