Cwm LLC Acquires 37,651 Shares of Marvell Technology, Inc. $MRVL

Cwm LLC boosted its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 25.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 183,763 shares of the semiconductor company’s stock after buying an additional 37,651 shares during the period. Cwm LLC’s holdings in Marvell Technology were worth $15,449,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Marathon Mission Inc. purchased a new position in shares of Marvell Technology in the third quarter valued at $214,000. Blue Zone Wealth Advisors LLC bought a new position in Marvell Technology in the 3rd quarter worth about $2,001,000. Johnson & White Wealth Management LLC purchased a new position in Marvell Technology during the 3rd quarter valued at about $212,000. Whitener Capital Management Inc. increased its position in shares of Marvell Technology by 5.8% during the third quarter. Whitener Capital Management Inc. now owns 2,962 shares of the semiconductor company’s stock valued at $249,000 after buying an additional 163 shares during the period. Finally, Milestone Asset Management LLC increased its position in shares of Marvell Technology by 92.0% during the third quarter. Milestone Asset Management LLC now owns 12,978 shares of the semiconductor company’s stock valued at $1,091,000 after buying an additional 6,218 shares during the period. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MRVL. Needham & Company LLC boosted their price objective on shares of Marvell Technology from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. Roth Capital boosted their price target on shares of Marvell Technology from $105.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Oppenheimer reaffirmed an “outperform” rating and issued a $150.00 price target (up previously from $115.00) on shares of Marvell Technology in a report on Wednesday, December 3rd. Susquehanna set a $120.00 price objective on Marvell Technology and gave the company a “positive” rating in a research note on Wednesday, December 3rd. Finally, B. Riley restated a “buy” rating and issued a $130.00 target price (up from $100.00) on shares of Marvell Technology in a research note on Wednesday, December 3rd. Four investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat, Marvell Technology currently has an average rating of “Moderate Buy” and an average price target of $111.25.

Insider Buying and Selling

In other Marvell Technology news, EVP Mark Casper sold 1,253 shares of Marvell Technology stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $101.00, for a total transaction of $126,553.00. Following the transaction, the executive vice president directly owned 9,023 shares of the company’s stock, valued at approximately $911,323. This trade represents a 12.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.19% of the stock is owned by insiders.

Marvell Technology Stock Down 0.2%

Shares of NASDAQ:MRVL opened at $86.34 on Friday. The firm has a market capitalization of $73.22 billion, a PE ratio of 30.29, a price-to-earnings-growth ratio of 0.84 and a beta of 1.93. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.01. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $127.48. The firm has a fifty day moving average of $87.55 and a 200 day moving average of $79.67.

Marvell Technology (NASDAQ:MRVL) last issued 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. 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 quarter in the previous year, the company posted $0.43 earnings per share. The company’s 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. As a group, 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 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 annualized dividend and a yield of 0.3%. Marvell Technology’s dividend payout ratio is currently 8.42%.

Marvell Technology declared that its board has approved a stock buyback plan on Wednesday, September 24th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to reacquire up to 7.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its shares are undervalued.

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.