Diversified Trust Co Purchases 21,146 Shares of Marvell Technology, Inc. $MRVL

Diversified Trust Co raised its position in shares of Marvell Technology, Inc. (NASDAQ:MRVLFree Report) by 222.5% in the third quarter, HoldingsChannel reports. The firm owned 30,650 shares of the semiconductor company’s stock after acquiring an additional 21,146 shares during the period. Diversified Trust Co’s holdings in Marvell Technology were worth $2,577,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MRVL. Game Plan Financial Advisors LLC bought a new stake in shares of Marvell Technology in the second quarter valued at about $27,000. Kiker Wealth Management LLC grew its holdings in Marvell Technology by 374.7% during the 2nd quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 281 shares in the last quarter. Nova Wealth Management Inc. increased its position in Marvell Technology by 3,922.2% during the 3rd quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 353 shares during the period. Westside Investment Management Inc. increased its position in Marvell Technology by 62.5% during the 2nd quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 160 shares during the period. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Marvell Technology in the 2nd quarter valued at about $32,000. Institutional investors own 83.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MRVL shares. Craig Hallum reiterated a “buy” rating and set a $141.00 price objective on shares of Marvell Technology in a research note on Wednesday, December 3rd. Rosenblatt Securities restated a “buy” rating and set a $95.00 target price on shares of Marvell Technology in a report on Monday, December 1st. Summit Redstone set a $105.00 price target on Marvell Technology in a report on Wednesday, October 15th. Hsbc Global Res raised Marvell Technology to a “hold” rating in a research report on Monday, November 24th. Finally, Cantor Fitzgerald set a $100.00 price objective on Marvell Technology in a research report on Tuesday, December 16th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.25.

Read Our Latest Stock Report on MRVL

Marvell Technology Stock Up 1.2%

Marvell Technology stock opened at $86.76 on Wednesday. Marvell Technology, Inc. has a 1-year low of $47.08 and a 1-year high of $127.48. The business has a fifty day moving average price of $87.59 and a 200-day moving average price of $80.00. 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 $73.58 billion, a price-to-earnings ratio of 30.44, a PEG ratio of 0.83 and a beta of 1.93.

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

Marvell Technology Announces Dividend

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

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

Key Headlines Impacting Marvell Technology

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

Insiders Place Their Bets

In other Marvell Technology news, EVP Mark Casper sold 1,253 shares of the company’s 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 owned 9,023 shares in the company, valued at approximately $911,323. This represents a 12.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.33% of the company’s stock.

Marvell Technology Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding MRVL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marvell Technology, Inc. (NASDAQ:MRVLFree Report).

Institutional Ownership by Quarter for Marvell Technology (NASDAQ:MRVL)

Receive News & Ratings for Marvell Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marvell Technology and related companies with MarketBeat.com's FREE daily email newsletter.