Fifth Third Wealth Advisors LLC Acquires 32,377 Shares of Marvell Technology, Inc. $MRVL

Fifth Third Wealth Advisors LLC grew its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 59.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 86,543 shares of the semiconductor company’s stock after acquiring an additional 32,377 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Marvell Technology were worth $7,276,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MRVL. Ellsworth Advisors LLC bought a new position in Marvell Technology during the third quarter valued at $5,864,000. Taylor Frigon Capital Management LLC boosted its stake in shares of Marvell Technology by 16.5% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 33,605 shares of the semiconductor company’s stock worth $2,601,000 after purchasing an additional 4,748 shares during the period. Waterfront Wealth Inc. grew its holdings in Marvell Technology by 21.5% during the 2nd quarter. Waterfront Wealth Inc. now owns 18,394 shares of the semiconductor company’s stock valued at $1,424,000 after purchasing an additional 3,258 shares during the last quarter. BOCHK Asset Management Ltd purchased a new stake in Marvell Technology in the 2nd quarter worth about $1,486,000. Finally, Westbourne Investments Inc. lifted its stake in Marvell Technology by 442.4% in the second quarter. Westbourne Investments Inc. now owns 21,695 shares of the semiconductor company’s stock worth $1,679,000 after purchasing an additional 17,695 shares during the last quarter. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Insider Transactions at Marvell Technology

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

Marvell Technology Stock Performance

MRVL stock opened at $89.39 on Friday. Marvell Technology, Inc. has a 1-year low of $47.08 and a 1-year high of $127.48. The business has a 50-day moving average price of $87.82 and a 200 day moving average price of $80.28. The company has a market capitalization of $75.81 billion, a P/E ratio of 31.36, a PEG ratio of 0.87 and a beta of 1.95. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.64.

Marvell Technology (NASDAQ:MRVL) last issued its 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 net margin of 31.75% and a return on equity of 13.15%. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the prior year, the business earned $0.43 EPS. The firm’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, equities research analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

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

Marvell Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 29th. Shareholders of record on Friday, January 9th will be issued a dividend of $0.06 per share. 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 is currently 8.42%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MRVL. Summit Insights raised Marvell Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, December 3rd. HSBC assumed coverage on Marvell Technology in a research report on Monday, November 24th. They issued a “hold” rating and a $85.00 price objective on the stock. Susquehanna set a $120.00 target price on Marvell Technology and gave the stock a “positive” rating in a research report on Wednesday, December 3rd. Citigroup reissued a “buy” rating on shares of Marvell Technology in a research note on Monday, December 22nd. Finally, Wall Street Zen raised shares of Marvell Technology from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Four research 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $111.25.

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.