111 Capital Makes New Investment in Marvell Technology, Inc. $MRVL

111 Capital bought a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 7,230 shares of the semiconductor company’s stock, valued at approximately $614,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Faithward Advisors LLC lifted its position in Marvell Technology by 2.1% during the 3rd quarter. Faithward Advisors LLC now owns 6,242 shares of the semiconductor company’s stock worth $525,000 after buying an additional 126 shares in the last quarter. South Plains Financial Inc. lifted its position in Marvell Technology by 1.6% during the 3rd quarter. South Plains Financial Inc. now owns 8,454 shares of the semiconductor company’s stock valued at $711,000 after purchasing an additional 130 shares during the period. Hazlett Burt & Watson Inc. lifted its position in Marvell Technology by 1.3% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 10,546 shares of the semiconductor company’s stock valued at $896,000 after purchasing an additional 132 shares during the period. GeoWealth Management LLC lifted its position in Marvell Technology by 5.1% during the 3rd quarter. GeoWealth Management LLC now owns 2,808 shares of the semiconductor company’s stock valued at $236,000 after purchasing an additional 135 shares during the period. Finally, Parisi Gray Wealth Management lifted its position in Marvell Technology by 0.8% during the 4th quarter. Parisi Gray Wealth Management now owns 17,378 shares of the semiconductor company’s stock valued at $1,477,000 after purchasing an additional 143 shares during the period. Institutional investors and hedge funds own 83.51% of the company’s stock.

Analyst Ratings Changes

MRVL has been the topic of a number of research reports. Erste Group Bank began coverage on shares of Marvell Technology in a research report on Thursday, April 2nd. They set a “buy” rating on the stock. KGI Securities raised Marvell Technology from a “neutral” rating to an “outperform” rating and set a $110.00 price target for the company in a research note on Friday, March 6th. HSBC set a $300.00 price target on Marvell Technology and gave the company a “buy” rating in a research note on Tuesday, May 26th. Evercore reaffirmed an “outperform” rating and issued a $155.00 price target on shares of Marvell Technology in a research note on Tuesday, May 19th. Finally, Needham & Company LLC upped their price target on Marvell Technology from $118.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $218.58.

Marvell Technology Price Performance

Shares of MRVL opened at $263.47 on Friday. The stock has a market capitalization of $230.48 billion, a P/E ratio of 90.23, a P/E/G ratio of 1.75 and a beta of 2.29. Marvell Technology, Inc. has a twelve month low of $61.44 and a twelve month high of $324.20. The company has a 50 day moving average of $164.84 and a 200-day moving average of $112.56. The company has a quick ratio of 2.66, a current ratio of 3.28 and a debt-to-equity ratio of 0.27.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share for the quarter, hitting the consensus estimate of $0.80. The company had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The business’s quarterly revenue was up 27.6% on a year-over-year basis. During the same period last year, the business earned $0.62 EPS. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. As a group, equities research analysts forecast that Marvell Technology, Inc. will post 3.08 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Friday, April 10th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, April 10th. Marvell Technology’s dividend payout ratio (DPR) is currently 8.22%.

Insider Activity at Marvell Technology

In other news, insider Sandeep Bharathi sold 66,892 shares of the stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $130.35, for a total value of $8,719,372.20. Following the completion of the sale, the insider owned 55,199 shares of the company’s stock, valued at approximately $7,195,189.65. This represents a 54.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Mark Casper sold 10,854 shares of the stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $107.01, for a total value of $1,161,486.54. Following the completion of the sale, the executive vice president directly owned 4,023 shares of the company’s stock, valued at approximately $430,501.23. The trade was a 72.96% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 255,060 shares of company stock worth $31,959,772. 0.12% of the stock is currently owned by corporate insiders.

Key Stories Impacting Marvell Technology

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

• Positive Sentiment: Raymond James raised its price target on Marvell to $235 from $105 and reiterated a Strong Buy rating, reflecting continued analyst confidence. Raymond James Raises its Price Target on Marvell (MRVL) to $235 from $105
• Neutral Sentiment: Marvell received unusual call-option activity, which may signal trader interest, but it does not by itself change the fundamental outlook.
• Neutral Sentiment: There was ongoing speculation that Marvell could be added to the S&P 500 in an upcoming index rebalancing, which could provide a passive-fund boost if it happens.
• Negative Sentiment: Broader chip stocks sold off after Broadcom’s outlook disappointed Wall Street, dragging MRVL down with the sector. Micron, Marvell, and Broadcom lead chipmakers’ premarket losses
• Negative Sentiment: Several reports warned that Marvell was overbought after its rapid run-up, making it vulnerable to profit-taking and a momentum unwind. Why Is Marvell Technology Stock Falling On Friday?

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.