Cibc World Market Inc. Has $19.05 Million Stock Holdings in Marvell Technology, Inc. $MRVL

Cibc World Market Inc. grew its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 35.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 226,561 shares of the semiconductor company’s stock after acquiring an additional 59,094 shares during the quarter. Cibc World Market Inc.’s holdings in Marvell Technology were worth $19,047,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Norges Bank acquired a new position in Marvell Technology during the second quarter worth $716,713,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Marvell Technology by 4,758.5% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,036,216 shares of the semiconductor company’s stock valued at $544,603,000 after buying an additional 6,891,393 shares during the last quarter. Amundi lifted its position in Marvell Technology by 113.4% during the 2nd quarter. Amundi now owns 8,648,350 shares of the semiconductor company’s stock worth $642,140,000 after buying an additional 4,596,309 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Marvell Technology by 112.4% during the 2nd quarter. Franklin Resources Inc. now owns 8,097,620 shares of the semiconductor company’s stock worth $626,756,000 after buying an additional 4,285,330 shares during the last quarter. Finally, Aspex Management HK Ltd acquired a new position in shares of Marvell Technology during the 2nd quarter worth about $324,736,000. 83.51% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Mark Casper sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were 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 approximately $1,807,427.44. This trade represents a 20.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.19% of the stock is currently owned by insiders.

Marvell Technology Price Performance

Marvell Technology stock opened at $78.23 on Friday. The company has a market capitalization of $66.28 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 0.64 and a beta of 1.97. The stock’s 50 day moving average is $83.75 and its 200-day moving average is $81.71. 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 12 month low of $47.08 and a 12 month high of $112.50.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings data on Tuesday, December 2nd. The semiconductor company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Marvell Technology had a return on equity of 13.15% and a net margin of 31.75%.The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same period in the prior year, the firm posted $0.43 EPS. The company’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. Equities research analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MRVL shares. Melius Research upgraded Marvell Technology from a “hold” rating to a “buy” rating and set a $135.00 target price on the stock in a report on Monday, January 5th. Zacks Research lowered shares of Marvell Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Piper Sandler set a $110.00 price objective on shares of Marvell Technology in a research report on Wednesday, December 3rd. Needham & Company LLC dropped their target price on shares of Marvell Technology from $120.00 to $118.00 and set a “buy” rating on the stock in a report on Tuesday, February 3rd. Finally, Oppenheimer reiterated an “outperform” rating and set a $150.00 price target (up previously from $115.00) on shares of Marvell Technology in a report on Wednesday, December 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $115.16.

About Marvell Technology

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.