Marvell Technology, Inc. $MRVL Shares Sold by Appleton Partners Inc. MA

Appleton Partners Inc. MA reduced its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 97.6% in the 3rd quarter, Holdings Channel reports. The fund owned 3,206 shares of the semiconductor company’s stock after selling 129,980 shares during the period. Appleton Partners Inc. MA’s holdings in Marvell Technology were worth $270,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of Marvell Technology by 1.1% in the 2nd 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 during the period. Brown Advisory Inc. grew its position in Marvell Technology by 8.0% during the second quarter. Brown Advisory Inc. now owns 20,840,336 shares of the semiconductor company’s stock valued at $1,613,044,000 after buying an additional 1,539,809 shares during the period. State Street Corp increased its holdings in Marvell Technology by 2.7% in the second 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. raised its position in shares of Marvell Technology by 16.4% in the second quarter. Ameriprise Financial Inc. now owns 10,406,875 shares of the semiconductor company’s stock worth $805,473,000 after acquiring an additional 1,464,571 shares during the period. Finally, Norges Bank purchased a new stake in shares of Marvell Technology during the 2nd quarter worth about $716,713,000. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on MRVL. Weiss Ratings restated a “hold (c)” rating on shares of Marvell Technology in a research note on Monday, December 29th. Jefferies Financial Group raised their price objective on Marvell Technology from $80.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. UBS Group decreased their target price on Marvell Technology from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Tuesday. Raymond James Financial restated a “strong-buy” rating on shares of Marvell Technology in a research report on Tuesday, January 6th. Finally, Wells Fargo & Company increased their price objective on shares of Marvell Technology from $90.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $115.31.

Marvell Technology Trading Up 8.2%

Shares of MRVL stock opened at $80.32 on Friday. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week 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 stock’s fifty day moving average is $84.92 and its two-hundred day moving average is $81.57. The firm has a market capitalization of $68.12 billion, a P/E ratio of 28.18, a PEG ratio of 0.61 and a beta of 1.97.

Marvell Technology (NASDAQ:MRVL) last issued its 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 business had revenue of $2.07 billion during 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 company’s quarterly revenue was up 36.8% compared to the same quarter last year. 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. Research analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Friday, January 9th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Friday, January 9th. Marvell Technology’s dividend payout ratio (DPR) is 8.42%.

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 that occurred 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 in the company, valued at $1,807,427.44. The trade was a 20.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.19% of the stock is currently owned by corporate 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.