Kingswood Wealth Advisors LLC Buys 3,627 Shares of Marvell Technology, Inc. $MRVL

Kingswood Wealth Advisors LLC grew its holdings in Marvell Technology, Inc. (NASDAQ:MRVLFree Report) by 43.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 11,891 shares of the semiconductor company’s stock after acquiring an additional 3,627 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Marvell Technology were worth $1,010,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Atlantic Edge Private Wealth Management LLC increased its stake in Marvell Technology by 160.0% in the third quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 200 shares during the period. Financial Consulate Inc. purchased a new stake in Marvell Technology in the third quarter worth $41,000. Whittier Trust Co. of Nevada Inc. increased its stake in Marvell Technology by 98.0% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 493 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 244 shares during the period. Strive Asset Management LLC purchased a new stake in Marvell Technology in the third quarter worth $42,000. Finally, Meeder Asset Management Inc. increased its stake in Marvell Technology by 30.4% in the third quarter. Meeder Asset Management Inc. now owns 557 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 130 shares during the period. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Trending Headlines about Marvell Technology

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Insider Activity

In other Marvell Technology news, COO Chris Koopmans sold 10,000 shares of Marvell Technology stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $110.24, for a total value of $1,102,400.00. Following the transaction, the chief operating officer owned 133,870 shares in the company, valued at $14,757,828.80. The trade was a 6.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Willem A. Meintjes sold 30,000 shares of Marvell Technology stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $134.01, for a total value of $4,020,300.00. Following the completion of the transaction, the chief financial officer owned 154,111 shares in the company, valued at $20,652,415.11. This trade represents a 16.29% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 223,560 shares of company stock valued at $26,243,062. Company insiders own 0.19% of the company’s stock.

Marvell Technology Stock Performance

Shares of Marvell Technology stock opened at $164.31 on Friday. The firm has a market cap of $143.68 billion, a P/E ratio of 53.35, a P/E/G ratio of 1.50 and a beta of 1.83. The company has a current ratio of 2.01, a quick ratio of 1.58 and a debt-to-equity ratio of 0.28. Marvell Technology, Inc. has a 12 month low of $53.78 and a 12 month high of $170.84. The stock’s fifty day moving average price is $102.34 and its 200-day moving average price is $91.39.

Marvell Technology (NASDAQ:MRVLGet Free Report) last announced its quarterly earnings results on Thursday, March 5th. The semiconductor company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.79 by $0.01. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.21 billion. Marvell Technology had a return on equity of 14.22% and a net margin of 32.58%.The business’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 earnings per share. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. On average, equities research analysts expect that Marvell Technology, Inc. will post 3.04 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Friday, April 10th will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, April 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. Marvell Technology’s dividend payout ratio (DPR) is currently 7.79%.

Analysts Set New Price Targets

A number of research firms have weighed in on MRVL. Raymond James Financial reiterated a “strong-buy” rating on shares of Marvell Technology in a research note on Tuesday, January 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Marvell Technology in a research note on Friday, March 27th. TD Cowen increased their target price on Marvell Technology from $85.00 to $90.00 and gave the stock a “hold” rating in a research note on Friday, March 6th. Needham & Company LLC reduced their target price on Marvell Technology from $120.00 to $118.00 and set a “buy” rating on the stock in a research note on Tuesday, February 3rd. Finally, Benchmark reiterated a “buy” rating and issued a $130.00 target price on shares of Marvell Technology in a research note on Tuesday, March 31st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Marvell Technology has a consensus rating of “Moderate Buy” and an average target price of $122.73.

Check Out Our Latest Stock Report on MRVL

About Marvell Technology

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Marvell Technology (NASDAQ:MRVL)

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