5,756 Shares of Marvell Technology, Inc. $MRVL Bought by Csenge Advisory Group

Csenge Advisory Group acquired a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,756 shares of the semiconductor company’s stock, valued at approximately $1,521,000.

Several other hedge funds also recently modified their holdings of the company. Investment Research & Advisory Group Inc. acquired a new position in shares of Marvell Technology in the 3rd quarter worth approximately $25,000. Sawyer & Company Inc bought a new stake in Marvell Technology during the 3rd quarter worth approximately $26,000. Sunrise Financial Services LLC bought a new stake in Marvell Technology during the 3rd quarter worth approximately $26,000. WPG Advisers LLC acquired a new stake in Marvell Technology during the 3rd quarter valued at $26,000. Finally, REAP Financial Group LLC acquired a new stake in Marvell Technology during the 3rd quarter valued at $26,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

Marvell Technology Stock Up 9.3%

NASDAQ MRVL opened at $168.80 on Thursday. The stock has a fifty day moving average of $231.09 and a 200-day moving average of $185.39. The stock has a market capitalization of $148.02 billion, a P/E ratio of 55.71, a price-to-earnings-growth ratio of 4.61 and a beta of 2.32. Marvell Technology, Inc. has a 52 week low of $70.68 and a 52 week high of $329.88. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.62 and a current ratio of 3.17.

Marvell Technology (NASDAQ:MRVL) last released its earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.01. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter in the previous year, the company posted $0.67 earnings per share. The firm’s quarterly revenue was up 36.5% on a year-over-year basis. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. On average, equities research analysts forecast that Marvell Technology, Inc. will post 3.05 EPS for the current year.

Marvell Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Friday, October 9th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Friday, October 9th. Marvell Technology’s dividend payout ratio (DPR) is presently 7.92%.

Analysts Set New Price Targets

MRVL has been the subject of a number of research analyst reports. DA Davidson set a $225.00 price target on Marvell Technology in a report on Tuesday, August 18th. JPMorgan Chase & Co. increased their price objective on shares of Marvell Technology from $305.00 to $360.00 and gave the stock an “overweight” rating in a report on Wednesday, October 7th. Evercore restated an “outperform” rating and issued a $433.00 price objective on shares of Marvell Technology in a research report on Tuesday, October 6th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Marvell Technology in a research note on Thursday, October 29th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $270.00 target price on shares of Marvell Technology in a research note on Wednesday, October 7th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Marvell Technology has a consensus rating of “Moderate Buy” and an average target price of $300.09.

Recent Marvell Technology Headlines

Investors following MRVL have been watching these headlines:

• Positive Sentiment: The proposed Lumentum acquisition could combine Marvell’s silicon capabilities with optical technology for AI data centers. Marvell has touted stronger long-term growth and more than $1 billion in annual run-rate cost synergies. Article: Marvell Jumps as AI Chip Rally Returns and Lumentum Deal Stays in Focus
• Negative Sentiment: The $115 billion all-stock Lumentum deal remains a substantial execution and valuation risk. A report citing merger specialists put the odds of closing at roughly 50%, while other coverage noted that Marvell’s valuation already assumes significant future growth. Article: Marvell’s $115 Billion Lumentum Deal Faces 50-50 Odds
• Negative Sentiment: Quiver reported that Marvell insiders made no open-market purchases and recorded 17 sales over the past six months. This may weigh on sentiment, although insider sales alone do not establish a negative outlook. Article: Marvell Jumps as AI Chip Rally Returns and Lumentum Deal Stays in Focus

Insider Transactions at Marvell Technology

In other Marvell Technology news, CEO Matthew Murphy sold 7,500 shares of the business’s stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $235.47, for a total transaction of $1,766,025.00. Following the completion of the sale, the chief executive officer directly owned 768,186 shares of the company’s stock, valued at approximately $180,884,757.42. The trade was a 0.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 3,685 shares of the company’s stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $234.97, for a total transaction of $865,864.45. Following the transaction, the insider owned 58,748 shares in the company, valued at approximately $13,804,017.56. The trade was a 5.90% 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. Insiders have sold 57,285 shares of company stock valued at $12,901,763 in the last three months. Company insiders own 0.12% of the company’s stock.

Marvell Technology Company Profile

Marvell Technology is a fabless semiconductor company that develops data infrastructure chips and related technologies. Its products include networking and Ethernet chips, storage controllers, processors, optical and connectivity solutions, and custom silicon used in data centers, carrier networks, enterprise systems, and other applications. The company’s products help move, store, process, and secure data across cloud and telecommunications infrastructure. Marvell serves customers around the world, including equipment makers and technology companies that incorporate its semiconductors into their systems.