Federated Hermes Inc. Has $16.30 Million Holdings in Marvell Technology, Inc. $MRVL

Federated Hermes Inc. cut its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 54.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 193,914 shares of the semiconductor company’s stock after selling 233,456 shares during the period. Federated Hermes Inc.’s holdings in Marvell Technology were worth $16,302,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Game Plan Financial Advisors LLC acquired a new position in shares of Marvell Technology in the 2nd quarter valued at approximately $27,000. Atlantic Edge Private Wealth Management LLC raised its holdings in Marvell Technology by 160.0% during 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 during the period. Kiker Wealth Management LLC lifted its stake in Marvell Technology by 374.7% in the second quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 281 shares in the last quarter. Nova Wealth Management Inc. boosted its holdings in shares of Marvell Technology by 3,922.2% in the third quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 353 shares during the period. Finally, Westside Investment Management Inc. increased its position in shares of Marvell Technology by 62.5% during the second quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 160 shares in the last quarter. 83.51% of the stock is owned by institutional investors and hedge funds.

Marvell Technology Trading Down 3.0%

NASDAQ MRVL opened at $78.92 on Friday. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month high of $121.81. The company has a current ratio of 2.01, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. The stock has a 50 day moving average of $85.91 and a 200-day moving average of $81.43. The company has a market cap of $66.93 billion, a PE ratio of 27.69, a PEG ratio of 0.79 and a beta of 1.95.

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

Marvell Technology Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently commented on MRVL shares. Melius Research raised shares of Marvell Technology from a “hold” rating to a “buy” rating and set a $135.00 price objective on the stock in a research report on Monday, January 5th. B. Riley reissued a “buy” rating and issued a $130.00 price target (up previously from $100.00) on shares of Marvell Technology in a research note on Wednesday, December 3rd. Hsbc Global Res raised Marvell Technology to a “hold” rating in a research report on Monday, November 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Marvell Technology in a research report on Monday, December 29th. Finally, Zacks Research cut Marvell Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $115.09.

Insider Buying and Selling

In other Marvell Technology news, EVP Mark Casper sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $93.08, for a total transaction of $465,400.00. Following the transaction, the executive vice president owned 19,418 shares of the company’s stock, valued at $1,807,427.44. The trade was a 20.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.19% of the company’s stock.

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.