Stratos Wealth Partners LTD. Acquires 11,297 Shares of Marvell Technology, Inc. $MRVL

Stratos Wealth Partners LTD. increased its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVLFree Report) by 40.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,514 shares of the semiconductor company’s stock after acquiring an additional 11,297 shares during the period. Stratos Wealth Partners LTD.’s holdings in Marvell Technology were worth $3,358,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of MRVL. Atlantic Edge Private Wealth Management LLC boosted its stake in Marvell Technology by 160.0% during the third quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 200 shares in the last quarter. Nova Wealth Management Inc. boosted its stake in Marvell Technology by 3,922.2% during the third quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 353 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in Marvell Technology during the second quarter worth about $32,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of Marvell Technology in the second quarter worth approximately $34,000. Finally, Hollencrest Capital Management lifted its stake in shares of Marvell Technology by 23,350.0% in the second quarter. Hollencrest Capital Management now owns 469 shares of the semiconductor company’s stock worth $36,000 after buying an additional 467 shares in the last quarter. Institutional investors own 83.51% of the company’s stock.

Marvell Technology Stock Up 2.2%

MRVL opened at $109.51 on Tuesday. The company has a quick ratio of 1.58, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. The firm has a 50 day moving average price of $85.95 and a 200-day moving average price of $86.00. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve month high of $111.89. The stock has a market capitalization of $95.76 billion, a price-to-earnings ratio of 35.56, a PEG ratio of 0.97 and a beta of 1.83.

Marvell Technology (NASDAQ:MRVLGet Free Report) last released its quarterly earnings data on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.01. Marvell Technology had a net margin of 32.58% and a return on equity of 14.22%. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same period in the previous year, the company earned $0.60 earnings per share. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. Equities research analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Friday, April 10th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, April 10th. Marvell Technology’s payout ratio is presently 7.79%.

Trending Headlines about Marvell Technology

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

Insider Activity

In other news, EVP Mark Casper sold 10,854 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $107.01, for a total transaction of $1,161,486.54. Following the completion of the transaction, the executive vice president directly owned 4,023 shares of the company’s stock, valued at $430,501.23. The trade was a 72.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew J. Murphy sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, March 26th. The shares were sold at an average price of $98.70, for a total transaction of $2,961,000.00. Following the transaction, the chief executive officer directly owned 310,106 shares of the company’s stock, valued at $30,607,462.20. The trade was a 8.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 92,268 shares of company stock valued at $9,282,335 over the last three months. Insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on MRVL shares. Melius Research upgraded shares of Marvell Technology from a “hold” rating to a “buy” rating and set a $135.00 target price on the stock in a research note on Monday, January 5th. Stifel Nicolaus upped their target price on shares of Marvell Technology from $114.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Deutsche Bank Aktiengesellschaft set a $120.00 target price on shares of Marvell Technology in a research note on Tuesday, February 10th. B. Riley Financial reiterated a “buy” rating and issued a $135.00 target price (up from $130.00) on shares of Marvell Technology in a research note on Friday, March 6th. Finally, 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 research note on Tuesday, February 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Marvell Technology currently has an average rating of “Moderate Buy” and an average target price of $117.24.

Get Our Latest Stock Analysis on MRVL

About Marvell Technology

(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.

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

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