Venturi Wealth Management LLC Has $2.85 Million Stake in Marvell Technology, Inc. $MRVL

Venturi Wealth Management LLC increased its position in shares of Marvell Technology, Inc. (NASDAQ:MRVLFree Report) by 24.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,878 shares of the semiconductor company’s stock after purchasing an additional 6,590 shares during the period. Venturi Wealth Management LLC’s holdings in Marvell Technology were worth $2,848,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in MRVL. Vanguard Group Inc. increased its position in Marvell Technology by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 64,443,232 shares of the semiconductor company’s stock worth $4,987,906,000 after buying an additional 673,110 shares during the period. Brown Advisory Inc. boosted its position in shares of Marvell Technology by 8.0% in the second quarter. Brown Advisory Inc. now owns 20,840,336 shares of the semiconductor company’s stock valued at $1,613,044,000 after acquiring an additional 1,539,809 shares during the period. State Street Corp grew its stake in shares of Marvell Technology by 2.7% in the second quarter. State Street Corp now owns 20,573,260 shares of the semiconductor company’s stock valued at $1,592,370,000 after acquiring an additional 533,946 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Marvell Technology by 16.4% in the second quarter. Ameriprise Financial Inc. now owns 10,406,875 shares of the semiconductor company’s stock valued at $805,473,000 after acquiring an additional 1,464,571 shares in the last quarter. Finally, Norges Bank bought a new position in Marvell Technology during the second quarter worth about $716,713,000. 83.51% of the stock is currently owned by institutional investors.

Insider Transactions at Marvell Technology

In other Marvell Technology news, EVP Mark Casper sold 5,000 shares of Marvell Technology stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $93.08, for a total value of $465,400.00. Following the transaction, the executive vice president owned 19,418 shares in the company, valued at $1,807,427.44. The trade was a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.19% of the stock is currently owned by corporate insiders.

Marvell Technology Stock Performance

Shares of NASDAQ:MRVL opened at $84.64 on Thursday. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48. The stock has a market capitalization of $71.78 billion, a price-to-earnings ratio of 29.70, a price-to-earnings-growth ratio of 0.85 and a beta of 1.95. 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’s 50 day simple moving average is $87.74 and its 200 day simple moving average is $80.55.

Marvell Technology (NASDAQ:MRVLGet Free Report) last released its earnings results 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. Marvell Technology had a return on equity of 13.15% and a net margin of 31.75%.The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the prior year, the company earned $0.43 earnings per share. The company’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. As a group, research analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology declared that its Board of Directors has approved a stock buyback plan on Wednesday, September 24th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the semiconductor company to buy up to 7.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Marvell Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 29th. Investors of record on Friday, January 9th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, January 9th. This represents a $0.24 annualized dividend and a yield of 0.3%. Marvell Technology’s dividend payout ratio (DPR) is 8.42%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Marvell Technology from $90.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, December 3rd. KeyCorp raised their target price on shares of Marvell Technology from $90.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, December 3rd. Melius Research upgraded shares of Marvell Technology from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a research report on Monday. B. Riley reissued a “buy” rating and set a $130.00 price target (up previously from $100.00) on shares of Marvell Technology in a research report on Wednesday, December 3rd. Finally, Cowen restated a “hold” rating on shares of Marvell Technology in a research note on Wednesday, December 3rd. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, Marvell Technology presently has an average rating of “Moderate Buy” and a consensus target price of $116.03.

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Marvell Technology Company Profile

(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.

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

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