Marvell Technology, Inc. $MRVL is EFG Asset Management North America Corp.’s 10th Largest Position

EFG Asset Management North America Corp. lifted its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 22.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 111,657 shares of the semiconductor company’s stock after buying an additional 20,248 shares during the quarter. Marvell Technology makes up about 1.2% of EFG Asset Management North America Corp.’s holdings, making the stock its 10th largest position. EFG Asset Management North America Corp.’s holdings in Marvell Technology were worth $9,384,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Marvell Technology by 1.1% in the second quarter. Vanguard Group Inc. now owns 64,443,232 shares of the semiconductor company’s stock valued at $4,987,906,000 after purchasing an additional 673,110 shares in the last quarter. Brown Advisory Inc. raised its position in shares of Marvell Technology by 8.0% during the 2nd quarter. Brown Advisory Inc. now owns 20,840,336 shares of the semiconductor company’s stock worth $1,613,044,000 after purchasing an additional 1,539,809 shares during the last quarter. State Street Corp lifted its stake in Marvell Technology by 2.7% in the 2nd quarter. State Street Corp now owns 20,573,260 shares of the semiconductor company’s stock valued at $1,592,370,000 after buying an additional 533,946 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Marvell Technology by 16.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 10,406,875 shares of the semiconductor company’s stock valued at $805,473,000 after buying an additional 1,464,571 shares in the last quarter. Finally, Norges Bank acquired a new stake in Marvell Technology during the 2nd quarter valued at $716,713,000. 83.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MRVL. Summit Insights upgraded Marvell Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, December 3rd. Oppenheimer reissued an “outperform” rating and issued a $150.00 target price (up previously from $115.00) on shares of Marvell Technology in a research note on Wednesday, December 3rd. Summit Redstone set a $105.00 target price on shares of Marvell Technology in a report on Wednesday, October 15th. Melius Research upgraded shares of Marvell Technology from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a report on Monday, January 5th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $120.00 price objective on shares of Marvell Technology in a research report on Wednesday, January 7th. Three 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $115.09.

Marvell Technology Stock Performance

Shares of MRVL stock opened at $81.77 on Tuesday. Marvell Technology, Inc. has a one year low of $47.08 and a one year high of $121.81. 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 50 day moving average price of $85.66 and a 200 day moving average price of $81.23. The firm has a market capitalization of $69.35 billion, a price-to-earnings ratio of 28.69, a price-to-earnings-growth ratio of 0.78 and a beta of 1.95.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $2.06 billion. During the same quarter last year, the business earned $0.43 EPS. Marvell Technology’s revenue for the quarter was up 36.8% on a year-over-year basis. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. Sell-side analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

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

Insider Activity at Marvell Technology

In other news, EVP Mark Casper sold 5,000 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was 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 in the company, valued at $1,807,427.44. This trade represents a 20.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.33% of the stock is currently owned by company insiders.

Marvell Technology Company 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.