Resona Asset Management Co. Ltd. Has $22.55 Million Stock Holdings in Marvell Technology, Inc. $MRVL

Resona Asset Management Co. Ltd. trimmed its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 5.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 269,011 shares of the semiconductor company’s stock after selling 14,619 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Marvell Technology were worth $22,553,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Ellsworth Advisors LLC acquired a new position in Marvell Technology in the third quarter valued at about $5,864,000. Taylor Frigon Capital Management LLC increased its stake in shares of Marvell Technology by 16.5% in the 2nd quarter. Taylor Frigon Capital Management LLC now owns 33,605 shares of the semiconductor company’s stock valued at $2,601,000 after acquiring an additional 4,748 shares during the last quarter. Waterfront Wealth Inc. raised its position in shares of Marvell Technology by 21.5% in the 2nd quarter. Waterfront Wealth Inc. now owns 18,394 shares of the semiconductor company’s stock valued at $1,424,000 after acquiring an additional 3,258 shares during the period. BOCHK Asset Management Ltd bought a new position in Marvell Technology during the 2nd quarter worth approximately $1,486,000. Finally, OVERSEA CHINESE BANKING Corp Ltd boosted its stake in Marvell Technology by 1,292.1% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 389,809 shares of the semiconductor company’s stock worth $32,656,000 after acquiring an additional 361,807 shares during the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MRVL has been the topic of several analyst reports. UBS Group set a $100.00 target price on shares of Marvell Technology in a report on Wednesday, December 3rd. B. Riley restated a “buy” rating and issued a $130.00 price objective (up previously from $100.00) on shares of Marvell Technology in a research report on Wednesday, December 3rd. Melius Research upgraded 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. Stifel Nicolaus boosted their target price on Marvell Technology from $95.00 to $114.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. Finally, Citigroup reaffirmed a “buy” rating on shares of Marvell Technology in a research report on Monday, December 22nd. Three 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $115.09.

Marvell Technology Stock Performance

MRVL opened at $80.23 on Friday. The company has a market capitalization of $68.04 billion, a price-to-earnings ratio of 28.15, a P/E/G ratio of 0.78 and a beta of 1.95. The business’s 50-day moving average price is $85.69 and its two-hundred day moving average price is $81.11. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.20. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.64.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings data on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.06 billion. Marvell Technology had a return on equity of 13.15% and a net margin of 31.75%.Marvell Technology’s quarterly revenue was up 36.8% on a year-over-year basis. During the same period last year, the company earned $0.43 earnings per share. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. Equities analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Announces Dividend

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

Insider Buying and Selling

In related news, EVP Mark Casper sold 5,000 shares of the firm’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $93.08, for a total value of $465,400.00. Following the completion of the transaction, the executive vice president owned 19,418 shares of the company’s stock, valued at approximately $1,807,427.44. This trade represents a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.19% of the company’s stock.

Marvell Technology Company 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.