North Dallas Bank & Trust Co. Invests $544,000 in Marvell Technology, Inc. $MRVL

North Dallas Bank & Trust Co. acquired a new position in Marvell Technology, Inc. (NASDAQ:MRVL) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 6,407 shares of the semiconductor company’s stock, valued at approximately $544,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Faithward Advisors LLC raised its stake in shares of Marvell Technology by 2.1% in the 3rd quarter. Faithward Advisors LLC now owns 6,242 shares of the semiconductor company’s stock worth $525,000 after buying an additional 126 shares in the last quarter. SouthState Bank Corp raised its stake in shares of Marvell Technology by 17.6% in the 4th quarter. SouthState Bank Corp now owns 863 shares of the semiconductor company’s stock worth $73,000 after buying an additional 129 shares in the last quarter. South Plains Financial Inc. raised its stake in shares of Marvell Technology by 1.6% in the 3rd quarter. South Plains Financial Inc. now owns 8,454 shares of the semiconductor company’s stock worth $711,000 after buying an additional 130 shares in the last quarter. Hazlett Burt & Watson Inc. raised its stake in shares of Marvell Technology by 1.3% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 10,546 shares of the semiconductor company’s stock worth $896,000 after buying an additional 132 shares in the last quarter. Finally, GeoWealth Management LLC raised its stake in shares of Marvell Technology by 5.1% in the 3rd quarter. GeoWealth Management LLC now owns 2,808 shares of the semiconductor company’s stock worth $236,000 after buying an additional 135 shares in the last quarter. Institutional investors own 83.51% of the company’s stock.

Marvell Technology Stock Down 7.6%

NASDAQ:MRVL opened at $266.88 on Wednesday. The firm has a market capitalization of $233.47 billion, a price-to-earnings ratio of 91.40, a PEG ratio of 1.89 and a beta of 2.29. Marvell Technology, Inc. has a 1-year low of $61.44 and a 1-year high of $324.20. The company has a current ratio of 3.28, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27. The business’s fifty day moving average price is $172.10 and its 200 day moving average price is $115.55.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same period in the previous year, the firm earned $0.62 earnings per share. Marvell Technology’s quarterly revenue was up 27.6% on a year-over-year basis. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. On average, sell-side analysts forecast that Marvell Technology, Inc. will post 3.08 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Friday, April 10th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Friday, April 10th. Marvell Technology’s dividend payout ratio is presently 8.22%.

Insider Buying and Selling

In other Marvell Technology news, CFO Willem A. Meintjes sold 30,000 shares of the company’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $134.01, for a total value of $4,020,300.00. Following the transaction, the chief financial officer directly owned 154,111 shares of the company’s stock, valued at $20,652,415.11. This represents a 16.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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. Also, insider Sandeep Bharathi sold 66,892 shares of the company’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $130.35, for a total value of $8,719,372.20. Following the completion of the transaction, the insider directly owned 55,199 shares in the company, valued at approximately $7,195,189.65. The trade was a 54.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Over the last 90 days, insiders sold 255,060 shares of company stock worth $31,959,772. Insiders own 0.12% of the company’s stock.

Marvell Technology News Summary

Here are the key news stories impacting Marvell Technology this week:

• Positive Sentiment: S&P 500 inclusion should create new passive-fund and ETF demand for Marvell shares. Reuters: Marvell shares jump after chipmaker wins spot in S&P 500
• Positive Sentiment: Analysts and commentators remain upbeat on Marvell’s AI data-center and custom-silicon growth prospects. Yahoo Finance: After Recent Rally Sparked by Jensen Huang’s Comments, Marvell Stock Is a Buy
• Neutral Sentiment: Some coverage says the stock is already highly extended after a massive rally, with valuation now the key debate for investors. 24/7 Wall St.: Up Nearly 200% Year-to-Date
• Negative Sentiment: Marvell is being hit by a broader rotation out of AI/chip names, with traders taking profits after the recent surge. Yahoo Finance: Micron, Marvell lead chip stocks lower in AI trade reversal

Analyst Ratings Changes

A number of analysts have recently commented on the company. Melius Research set a $220.00 price objective on Marvell Technology in a research note on Monday, May 18th. Wells Fargo & Company boosted their price objective on Marvell Technology from $195.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. William Blair reissued an “outperform” rating on shares of Marvell Technology in a research note on Thursday, May 28th. Needham & Company LLC boosted their price objective on Marvell Technology from $118.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Finally, Compass Point set a $190.00 target price on Marvell Technology in a research report on Tuesday, May 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $218.58.

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.