Marvell Technology, Inc. $MRVL Shares Sold by FNY Investment Advisers LLC

FNY Investment Advisers LLC reduced its holdings in Marvell Technology, Inc. (NASDAQ:MRVLFree Report) by 89.4% during the 4th quarter, Holdings Channel reports. The fund owned 1,550 shares of the semiconductor company’s stock after selling 13,079 shares during the period. FNY Investment Advisers LLC’s holdings in Marvell Technology were worth $131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Ellsworth Advisors LLC purchased a new stake in shares of Marvell Technology in the third quarter worth about $5,864,000. Vanguard Group Inc. raised its position in Marvell Technology by 23.5% during the third quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock valued at $6,692,830,000 after acquiring an additional 15,166,976 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in Marvell Technology by 1,292.1% in the third 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 period. Triasima Portfolio Management inc. acquired a new position in Marvell Technology in the third quarter valued at approximately $1,426,000. Finally, Robeco Schweiz AG boosted its position in Marvell Technology by 1.4% in the 3rd quarter. Robeco Schweiz AG now owns 973,765 shares of the semiconductor company’s stock worth $81,864,000 after purchasing an additional 12,977 shares in the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on MRVL shares. Royal Bank Of Canada raised their price objective on shares of Marvell Technology from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, March 2nd. Cantor Fitzgerald reissued a “neutral” rating on shares of Marvell Technology in a report on Friday, March 6th. Susquehanna restated a “positive” rating on shares of Marvell Technology in a research report on Tuesday, February 24th. Citigroup lifted their price objective on shares of Marvell Technology from $113.00 to $118.00 and gave the company a “buy” rating in a report on Friday, March 6th. Finally, TD Cowen upped their price objective on shares of Marvell Technology from $85.00 to $90.00 and gave the stock a “hold” rating in a research report on Friday, March 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Marvell Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.24.

Get Our Latest Analysis on MRVL

Trending Headlines about Marvell Technology

Here are the key news stories impacting Marvell Technology this week:

Insider Transactions at Marvell Technology

In related news, CEO Matthew J. Murphy sold 30,000 shares of the firm’s stock in a transaction dated Thursday, March 26th. The shares were sold at an average price of $98.70, for a total value of $2,961,000.00. Following the transaction, the chief executive officer directly owned 310,106 shares of the company’s stock, valued at approximately $30,607,462.20. This trade represents a 8.82% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Sandeep Bharathi sold 44,414 shares of Marvell Technology stock in a transaction dated Thursday, March 26th. The stock was sold at an average price of $99.61, for a total value of $4,424,078.54. Following the completion of the sale, the insider owned 55,199 shares in the company, valued at approximately $5,498,372.39. The trade was a 44.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 97,268 shares of company stock valued at $9,747,735 over the last 90 days. Corporate insiders own 0.19% of the company’s stock.

Marvell Technology Stock Performance

Shares of MRVL stock opened at $107.11 on Friday. Marvell Technology, Inc. has a 1-year low of $47.08 and a 1-year high of $107.84. The company has a market cap of $93.66 billion, a price-to-earnings ratio of 34.78, a PEG ratio of 0.97 and a beta of 1.83. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.58. The stock has a 50 day simple moving average of $85.40 and a 200-day simple moving average of $85.65.

Marvell Technology (NASDAQ:MRVLGet Free Report) last released its quarterly earnings results on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Marvell Technology had a net margin of 32.58% and a return on equity of 14.22%. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.60 EPS. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. On average, equities research analysts expect 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, April 30th. Stockholders of record on Friday, April 10th will be given a $0.06 dividend. The ex-dividend date is Friday, April 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. Marvell Technology’s dividend payout ratio (DPR) is 7.79%.

Marvell Technology Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding MRVL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marvell Technology, Inc. (NASDAQ:MRVLFree Report).

Institutional Ownership by Quarter for Marvell Technology (NASDAQ:MRVL)

Receive News & Ratings for Marvell Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marvell Technology and related companies with MarketBeat.com's FREE daily email newsletter.