Andra AP fonden Sells 30,200 Shares of Marvell Technology, Inc. $MRVL

Andra AP fonden cut its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 63.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 17,144 shares of the semiconductor company’s stock after selling 30,200 shares during the quarter. Andra AP fonden’s holdings in Marvell Technology were worth $1,441,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Intech Investment Management LLC grew its holdings in Marvell Technology by 3.9% during the first quarter. Intech Investment Management LLC now owns 28,784 shares of the semiconductor company’s stock worth $1,772,000 after purchasing an additional 1,085 shares during the period. Arkadios Wealth Advisors increased its holdings in shares of Marvell Technology by 6.0% during the 2nd quarter. Arkadios Wealth Advisors now owns 16,952 shares of the semiconductor company’s stock worth $1,312,000 after acquiring an additional 959 shares during the last quarter. Keybank National Association OH raised its stake in Marvell Technology by 36.8% in the 2nd quarter. Keybank National Association OH now owns 16,493 shares of the semiconductor company’s stock valued at $1,277,000 after acquiring an additional 4,436 shares during the period. Assetmark Inc. lifted its holdings in Marvell Technology by 25.5% during the 2nd quarter. Assetmark Inc. now owns 51,880 shares of the semiconductor company’s stock valued at $4,016,000 after purchasing an additional 10,552 shares during the last quarter. Finally, Savvy Advisors Inc. acquired a new stake in shares of Marvell Technology during the 2nd quarter worth about $245,000. Institutional investors own 83.51% of the company’s stock.

Insider Buying and Selling

In other Marvell Technology 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 value of $465,400.00. Following the sale, the executive vice president owned 19,418 shares in the company, valued at $1,807,427.44. This trade represents a 20.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.33% of the stock is currently owned by insiders.

Marvell Technology Trading Up 3.0%

Shares of MRVL stock opened at $81.69 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.01. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week high of $102.77. The company has a market cap of $71.17 billion, a PE ratio of 28.66, a P/E/G ratio of 0.66 and a beta of 1.97. The stock’s fifty day moving average price is $81.90 and its two-hundred day moving average price is $81.93.

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

Marvell Technology Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MRVL. KeyCorp boosted their price objective on Marvell Technology from $90.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, December 3rd. Melius Research raised Marvell Technology from a “hold” rating to a “buy” rating and set a $135.00 price objective on the stock in a report on Monday, January 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Marvell Technology in a research report on Monday, December 29th. Royal Bank Of Canada began coverage on shares of Marvell Technology in a research report on Wednesday, January 14th. They issued an “outperform” rating and a $105.00 target price for the company. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Marvell Technology from $120.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $115.31.

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.