Bryce Point Capital LLC Buys New Stake in Marvell Technology, Inc. $MRVL

Bryce Point Capital LLC purchased a new position in Marvell Technology, Inc. (NASDAQ:MRVL) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,112 shares of the semiconductor company’s stock, valued at approximately $514,000.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Marvell Technology by 1.1% in the second quarter. Vanguard Group Inc. now owns 64,443,232 shares of the semiconductor company’s stock worth $4,987,906,000 after acquiring an additional 673,110 shares during the last quarter. Brown Advisory Inc. raised its stake in Marvell Technology by 8.0% during the second quarter. Brown Advisory Inc. now owns 20,840,336 shares of the semiconductor company’s stock worth $1,613,044,000 after purchasing an additional 1,539,809 shares during the period. State Street Corp boosted its holdings in shares of Marvell Technology by 2.7% in the 2nd quarter. State Street Corp now owns 20,573,260 shares of the semiconductor company’s stock valued at $1,592,370,000 after purchasing an additional 533,946 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Marvell Technology by 16.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 10,406,875 shares of the semiconductor company’s stock valued at $805,473,000 after buying an additional 1,464,571 shares during the period. Finally, Norges Bank acquired a new stake in shares of Marvell Technology during the 2nd quarter worth $716,713,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

Marvell Technology Trading Up 2.6%

MRVL opened at $82.35 on Tuesday. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $113.54. 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 stock has a market capitalization of $69.84 billion, a PE ratio of 28.89, a P/E/G ratio of 0.61 and a beta of 1.97. The firm’s fifty day moving average price is $84.74 and its 200 day moving average price is $81.68.

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, beating 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 analyst estimates of $2.06 billion. During the same period in the previous year, the company earned $0.43 earnings per share. Marvell Technology’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 expect that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 29th. Investors of record on Friday, January 9th were issued 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 was Friday, January 9th. Marvell Technology’s dividend payout ratio (DPR) is 8.42%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MRVL shares. Craig Hallum restated a “buy” rating and issued a $141.00 price objective on shares of Marvell Technology in a report on Wednesday, December 3rd. Evercore raised their price target on shares of Marvell Technology from $122.00 to $156.00 and gave the company an “outperform” rating in a report on Wednesday, December 3rd. TD Cowen reiterated a “hold” rating on shares of Marvell Technology in a research note on Wednesday, December 3rd. JPMorgan Chase & Co. increased their price objective on shares of Marvell Technology from $120.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 3rd. Finally, Susquehanna set a $120.00 target price on shares of Marvell Technology and gave the company a “positive” rating in a report on Wednesday, December 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.31.

Insider Transactions at Marvell Technology

In other Marvell Technology news, EVP Mark Casper sold 5,000 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president owned 19,418 shares in the company, valued at approximately $1,807,427.44. This trade represents a 20.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.33% of the stock is owned by insiders.

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.