Sunflower Bank N.A. Makes New Investment in Marvell Technology, Inc. $MRVL

Sunflower Bank N.A. bought a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,916 shares of the semiconductor company’s stock, valued at approximately $226,000.

Several other institutional investors have also recently made changes to their positions in the stock. Bank Pictet & Cie Europe AG boosted its stake in shares of Marvell Technology by 0.7% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 66,710 shares of the semiconductor company’s stock worth $7,368,000 after acquiring an additional 460 shares during the last quarter. Man Group plc raised its holdings in Marvell Technology by 95.9% in the fourth quarter. Man Group plc now owns 56,652 shares of the semiconductor company’s stock valued at $6,257,000 after buying an additional 27,734 shares during the period. Visionary Wealth Advisors acquired a new position in shares of Marvell Technology during the fourth quarter valued at $257,000. Vident Advisory LLC raised its position in Marvell Technology by 8.0% during the fourth quarter. Vident Advisory LLC now owns 24,070 shares of the semiconductor company’s stock valued at $2,659,000 after acquiring an additional 1,775 shares in the last quarter. Finally, Waverly Advisors LLC acquired a new position in Marvell Technology during the fourth quarter worth $398,000. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Melius Research raised their price objective on Marvell Technology from $67.00 to $76.00 and gave the company a “hold” rating in a research note on Wednesday, June 18th. Cantor Fitzgerald restated a “neutral” rating and set a $75.00 price objective on shares of Marvell Technology in a research note on Friday, August 29th. Melius cut Marvell Technology from a “buy” rating to a “hold” rating and set a $66.00 price objective for the company. in a research note on Thursday, May 22nd. JPMorgan Chase & Co. reduced their target price on Marvell Technology from $130.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, August 29th. Finally, Needham & Company LLC decreased their price target on shares of Marvell Technology from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $90.50.

Insider Activity at Marvell Technology

In other news, EVP Mark Casper sold 3,000 shares of the company’s stock in a transaction on Friday, July 18th. The stock was sold at an average price of $72.35, for a total transaction of $217,050.00. Following the completion of the sale, the executive vice president directly owned 17,163 shares in the company, valued at $1,241,743.05. This represents a 14.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.19% of the stock is owned by company insiders.

Marvell Technology Stock Up 3.1%

Shares of MRVL opened at $70.98 on Thursday. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44. The stock has a 50 day simple moving average of $72.40 and a two-hundred day simple moving average of $67.59. The firm has a market cap of $61.19 billion, a P/E ratio of -546.00, a P/E/G ratio of 0.83 and a beta of 1.85.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.67. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.01 billion. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The company’s revenue was up 57.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

About Marvell Technology

Marvell Technology, Inc, together with its subsidiaries, provides data infrastructure semiconductor solutions, spanning the data center core to network edge. The company develops and scales complex System-on-a-Chip architectures, integrating analog, mixed-signal, and digital signal processing functionality.