Rakuten Investment Management Inc. Buys New Stake in Marvell Technology, Inc. $MRVL

Rakuten Investment Management Inc. purchased a new position in Marvell Technology, Inc. (NASDAQ:MRVL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 30,365 shares of the semiconductor company’s stock, valued at approximately $2,553,000.

Other institutional investors also recently added to or reduced their stakes in the company. Atlantic Edge Private Wealth Management LLC raised its holdings in shares of Marvell Technology by 160.0% in the 3rd quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company’s stock worth $27,000 after buying an additional 200 shares in the last quarter. Game Plan Financial Advisors LLC bought a new stake in Marvell Technology in the second quarter valued at $27,000. Kiker Wealth Management LLC raised its stake in Marvell Technology by 374.7% during the second quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 281 shares in the last quarter. Nova Wealth Management Inc. lifted its holdings in shares of Marvell Technology by 3,922.2% during the third quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 353 shares during the period. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Marvell Technology during the second quarter valued at $32,000. 83.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MRVL has been the topic of several analyst reports. Melius Research raised shares of Marvell Technology from a “hold” rating to a “buy” rating and set a $135.00 target price on the stock in a report on Monday, January 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marvell Technology in a research note on Monday, December 29th. Summit Redstone set a $105.00 target price on shares of Marvell Technology in a research note on Wednesday, October 15th. Cantor Fitzgerald set a $100.00 price target on Marvell Technology in a research report on Tuesday, December 16th. Finally, Zacks Research downgraded Marvell Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.09.

Marvell Technology Trading Down 3.5%

Shares of MRVL opened at $80.23 on Friday. The stock’s fifty day simple moving average is $85.69 and its 200-day simple moving average is $81.05. The firm has a market capitalization of $68.04 billion, a PE ratio of 28.15, a price-to-earnings-growth ratio of 0.80 and a beta of 1.95. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $127.20. The company has a quick ratio of 1.64, a current ratio of 2.01 and a debt-to-equity ratio of 0.28.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data 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. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Marvell Technology had a return on equity of 13.15% and a net margin of 31.75%.The company’s quarterly revenue was up 36.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 EPS. 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 earnings per share for the current year.

Marvell Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 29th. Shareholders 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 dividend on an annualized basis and a yield of 0.3%. Marvell Technology’s dividend payout ratio (DPR) is presently 8.42%.

Insider Buying and Selling

In other Marvell Technology news, EVP Mark Casper sold 5,000 shares of the company’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $93.08, for a total transaction of $465,400.00. Following the completion of the sale, the executive vice president owned 19,418 shares in the company, valued at approximately $1,807,427.44. The trade was a 20.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.19% of the company’s stock.

About Marvell Technology

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.