Marvell Technology, Inc. $MRVL Stake Reduced by Teacher Retirement System of Texas

Teacher Retirement System of Texas trimmed its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 12.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 133,048 shares of the semiconductor company’s stock after selling 18,726 shares during the quarter. Teacher Retirement System of Texas’ holdings in Marvell Technology were worth $11,185,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Atlantic Edge Private Wealth Management LLC boosted its stake in 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 during the period. Game Plan Financial Advisors LLC bought a new stake in shares of Marvell Technology during the second quarter valued at approximately $27,000. Kiker Wealth Management LLC boosted its position in shares of Marvell Technology by 374.7% during the second quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock worth $28,000 after buying an additional 281 shares during the period. Nova Wealth Management Inc. grew its holdings in 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 buying an additional 353 shares in the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new stake in Marvell Technology in the 2nd quarter valued at approximately $32,000. Institutional investors own 83.51% of the company’s stock.

Marvell Technology Stock Performance

NASDAQ:MRVL opened at $80.23 on Monday. The company has a 50-day moving average of $85.69 and a 200-day moving average of $81.17. The firm has a market cap of $68.04 billion, a price-to-earnings ratio of 28.15, a price-to-earnings-growth ratio of 0.78 and a beta of 1.95. The company has a current ratio of 2.01, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve month high of $127.20.

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

Marvell Technology Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have issued reports on MRVL shares. Benchmark reiterated a “hold” rating on shares of Marvell Technology in a research report on Tuesday, December 23rd. Roth Mkm upped their price objective on shares of Marvell Technology from $105.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. TD Cowen reissued a “hold” rating on shares of Marvell Technology in a research note on Wednesday, December 3rd. Summit Redstone set a $105.00 price target on shares of Marvell Technology in a research report on Wednesday, October 15th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Marvell Technology from $120.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, December 3rd. Three equities 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. According to MarketBeat, Marvell Technology currently has a consensus rating of “Moderate Buy” and an average target price of $115.09.

Insider Buying and Selling at Marvell Technology

In other news, EVP Mark Casper sold 5,000 shares of the business’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 sale, the executive vice president directly owned 19,418 shares of the company’s stock, valued at $1,807,427.44. The trade was a 20.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.33% of the stock is currently owned by corporate insiders.

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.