Yarger Wealth Strategies LLC Sells 2,685 Shares of Marvell Technology, Inc. $MRVL

Yarger Wealth Strategies LLC decreased its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 26.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,573 shares of the semiconductor company’s stock after selling 2,685 shares during the period. Yarger Wealth Strategies LLC’s holdings in Marvell Technology were worth $2,256,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Intech Investment Management LLC grew its stake in Marvell Technology by 3.9% in the 1st quarter. Intech Investment Management LLC now owns 28,784 shares of the semiconductor company’s stock worth $1,772,000 after acquiring an additional 1,085 shares in the last quarter. Baird Financial Group Inc. raised its stake in shares of Marvell Technology by 22.7% during the second quarter. Baird Financial Group Inc. now owns 17,417 shares of the semiconductor company’s stock valued at $1,348,000 after acquiring an additional 3,221 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in shares of Marvell Technology during the second quarter valued at approximately $354,000. Treasurer of the State of North Carolina boosted its holdings in shares of Marvell Technology by 3.0% in the second quarter. Treasurer of the State of North Carolina now owns 403,818 shares of the semiconductor company’s stock valued at $31,256,000 after purchasing an additional 11,572 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in shares of Marvell Technology by 1.0% in the second quarter. Alliancebernstein L.P. now owns 411,569 shares of the semiconductor company’s stock valued at $31,855,000 after purchasing an additional 4,060 shares during the period. 83.51% of the stock is currently owned by institutional investors.

Insider Activity

In other Marvell Technology news, CEO Matthew Murphy sold 7,500 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $236.08, for a total transaction of $1,770,600.00. Following the completion of the sale, the chief executive officer directly owned 783,186 shares of the company’s stock, valued at approximately $184,894,550.88. This represents a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandeep Bharathi sold 2,231 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $299.13, for a total transaction of $667,359.03. Following the completion of the sale, the insider owned 55,530 shares in the company, valued at $16,610,688.90. This represents a 3.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 41,981 shares of company stock valued at $9,727,132. Company insiders own 0.12% of the company’s stock.

Key Marvell Technology News

Here are the key news stories impacting Marvell Technology this week:

• Positive Sentiment: Marvell’s planned acquisition of Celestial AI is providing the biggest near-term catalyst. The deal would add photonics technology designed to improve optical connectivity in AI data centers, potentially expanding Marvell’s opportunity as hyperscalers require more bandwidth. Why Marvell Stock Rallied Today
• Positive Sentiment: Investors are buying beaten-down AI silicon names as the market continues to anticipate strong hyperscaler spending. Marvell’s exposure to custom chips, networking and optical interconnects makes it a potential beneficiary of continued AI data-center investment. Marvell Rises as AI Silicon Rebounds
• Positive Sentiment: A recent earnings beat and raised multiyear outlook continue to support the bullish case. Quarterly revenue rose 36.5% year over year to $2.74 billion, while adjusted EPS of $0.94 exceeded estimates; data-center demand and an expanded hyperscaler relationship were key drivers.
• Positive Sentiment: An RBC analyst reportedly favors Marvell over Broadcom as an AI-stock dip-buying opportunity, reinforcing optimism that Marvell’s custom-silicon and connectivity businesses can benefit from the next phase of AI infrastructure expansion. RBC Analyst Compares Marvell and Broadcom

Marvell Technology Stock Up 7.0%

Marvell Technology stock opened at $223.55 on Friday. The company has a quick ratio of 2.62, a current ratio of 3.17 and a debt-to-equity ratio of 0.27. The firm has a market cap of $196.03 billion, a P/E ratio of 73.78, a P/E/G ratio of 2.17 and a beta of 2.25. The business has a fifty day moving average of $220.24 and a two-hundred day moving average of $181.17. Marvell Technology, Inc. has a twelve month low of $62.47 and a twelve month high of $329.88.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.01. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.72 billion. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%.The business’s revenue was up 36.5% compared to the same quarter last year. During the same period last year, the business posted $0.67 EPS. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. On average, analysts forecast that Marvell Technology, Inc. will post 3.03 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Friday, July 10th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.1%. The ex-dividend date was Friday, July 10th. Marvell Technology’s payout ratio is 7.92%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Benchmark restated a “buy” rating on shares of Marvell Technology in a report on Monday, August 24th. Susquehanna increased their price target on Marvell Technology from $230.00 to $265.00 and gave the stock a “positive” rating in a research report on Tuesday, August 25th. UBS Group set a $275.00 price target on Marvell Technology in a research note on Monday, August 24th. Loop Capital upgraded Marvell Technology to a “strong-buy” rating in a report on Tuesday, June 16th. Finally, William Blair reaffirmed an “outperform” rating on shares of Marvell Technology in a research note on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $265.76.

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.