Elemental Capital Partners LLC Takes $13.51 Million Position in Marvell Technology, Inc. $MRVL

Elemental Capital Partners LLC purchased a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) during the 3rd quarter, HoldingsChannel reports. The firm purchased 160,732 shares of the semiconductor company’s stock, valued at approximately $13,513,000. Marvell Technology comprises approximately 7.6% of Elemental Capital Partners LLC’s investment portfolio, making the stock its 4th biggest holding.

Other institutional investors have also added to or reduced their stakes in the company. Atlantic Edge Private Wealth Management LLC boosted its stake in shares of Marvell Technology by 160.0% during the 3rd quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 200 shares in the last quarter. Game Plan Financial Advisors LLC bought a new stake in Marvell Technology during the 2nd quarter valued at approximately $27,000. Kiker Wealth Management LLC grew its holdings in shares of 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 during the period. Nova Wealth Management Inc. raised its position in shares of Marvell Technology by 3,922.2% in the 3rd quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 353 shares in the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of Marvell Technology in the 2nd quarter valued at approximately $32,000. 83.51% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Mark Casper sold 5,000 shares of the company’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $93.08, for a total transaction of $465,400.00. Following the transaction, the executive vice president directly owned 19,418 shares of the company’s stock, valued at $1,807,427.44. This represents a 20.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.33% of the stock is currently owned by insiders.

Analysts Set New Price Targets

MRVL has been the subject of a number of research reports. Oppenheimer reiterated an “outperform” rating and issued a $150.00 price objective (up previously from $115.00) on shares of Marvell Technology in a report on Wednesday, December 3rd. Melius raised shares of Marvell Technology from a “hold” rating to a “buy” rating and set a $135.00 target price on the stock in a research report on Monday, January 5th. KeyCorp increased their price target on shares of Marvell Technology from $90.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 3rd. Cowen reissued a “hold” rating on shares of Marvell Technology in a research report on Wednesday, December 3rd. Finally, Needham & Company LLC boosted their price objective on shares of Marvell Technology from $95.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. Four research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $116.03.

Marvell Technology Stock Performance

Shares of MRVL stock opened at $82.89 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.01. The company has a market capitalization of $70.30 billion, a price-to-earnings ratio of 29.08, a price-to-earnings-growth ratio of 0.81 and a beta of 1.95. Marvell Technology, Inc. has a one year low of $47.08 and a one year high of $127.48. The company’s 50-day moving average is $87.28 and its 200 day moving average is $80.75.

Marvell Technology (NASDAQ:MRVL) last posted 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 firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The business’s revenue for the quarter was up 36.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.43 earnings per share. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. Sell-side analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology announced that its Board of Directors has initiated a share repurchase plan on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to reacquire up to 7.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

Marvell Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 29th. Stockholders 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 annualized dividend and a dividend yield of 0.3%. Marvell Technology’s payout ratio is currently 8.42%.

Marvell Technology 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.