Alta Wealth Advisors LLC Invests $531,000 in Marvell Technology, Inc. $MRVL

Alta Wealth Advisors LLC acquired a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,319 shares of the semiconductor company’s stock, valued at approximately $531,000.

Other institutional investors also recently bought and sold shares of the company. Ellsworth Advisors LLC acquired a new stake in shares of Marvell Technology during the third quarter worth about $5,864,000. Taylor Frigon Capital Management LLC raised its position in 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 buying an additional 4,748 shares during the last quarter. Waterfront Wealth Inc. raised its position in Marvell Technology by 21.5% during the 2nd quarter. Waterfront Wealth Inc. now owns 18,394 shares of the semiconductor company’s stock worth $1,424,000 after buying an additional 3,258 shares during the last quarter. BOCHK Asset Management Ltd acquired a new stake in Marvell Technology during the 2nd quarter valued at approximately $1,486,000. Finally, OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of Marvell Technology by 1,292.1% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 389,809 shares of the semiconductor company’s stock valued at $32,656,000 after acquiring an additional 361,807 shares during the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MRVL. Craig Hallum reissued a “buy” rating and set a $141.00 target price on shares of Marvell Technology in a report on Wednesday, December 3rd. Citigroup reiterated a “buy” rating on shares of Marvell Technology in a research note on Monday, December 22nd. Susquehanna set a $120.00 price objective on Marvell Technology and gave the company a “positive” rating in a report on Wednesday, December 3rd. The Goldman Sachs Group raised their target price on Marvell Technology from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of Marvell Technology in a research report on Tuesday, January 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.09.

Insider Buying and Selling at Marvell Technology

In related news, EVP Mark Casper sold 5,000 shares of the firm’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $93.08, for a total value of $465,400.00. Following the transaction, the executive vice president directly owned 19,418 shares of the company’s stock, valued at approximately $1,807,427.44. This trade represents a 20.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.33% of the stock is currently owned by company insiders.

Marvell Technology Stock Up 1.9%

Marvell Technology stock opened at $81.77 on Tuesday. 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 $69.35 billion, a PE ratio of 28.69, a price-to-earnings-growth ratio of 0.78 and a beta of 1.95. The business has a 50 day simple moving average of $85.66 and a 200-day simple moving average of $81.23. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month high of $121.81.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share (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 firm’s revenue for the quarter was up 36.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 EPS. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. On average, analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The business also recently announced 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 dividend on an annualized basis 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.