North Dallas Bank & Trust Co. Invests $474,000 in Marvell Technology, Inc. $MRVL

North Dallas Bank & Trust Co. bought a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,126 shares of the semiconductor company’s stock, valued at approximately $474,000.

Other large investors also recently bought and sold shares of the company. Game Plan Financial Advisors LLC acquired a new stake in shares of Marvell Technology during the 2nd quarter worth approximately $27,000. Kiker Wealth Management LLC lifted its stake in shares of Marvell Technology by 374.7% in the 2nd quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 281 shares during the period. Westside Investment Management Inc. boosted its holdings in Marvell Technology by 62.5% during the second quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock worth $32,000 after buying an additional 160 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new stake in Marvell Technology during the second quarter valued at $32,000. Finally, DiNuzzo Private Wealth Inc. increased its holdings in Marvell Technology by 786.0% in the second quarter. DiNuzzo Private Wealth Inc. now owns 443 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 393 shares in the last quarter. 83.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Marvell Technology

In other news, EVP Mark Casper sold 1,253 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $101.00, for a total value of $126,553.00. Following the completion of the sale, the executive vice president directly owned 9,023 shares in the company, valued at $911,323. This represents a 12.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Willem A. Meintjes purchased 3,400 shares of the business’s stock in a transaction that occurred on Thursday, September 25th. The stock was bought at an average cost of $78.03 per share, with a total value of $265,302.00. Following the acquisition, the chief financial officer owned 132,159 shares of the company’s stock, valued at approximately $10,312,366.77. The trade was a 2.64% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 27,200 shares of company stock worth $2,109,632 in the last 90 days. 0.19% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on MRVL. Susquehanna set a $120.00 target price on shares of Marvell Technology and gave the stock a “positive” rating in a research note on Wednesday, December 3rd. Wells Fargo & Company increased their price target on Marvell Technology from $90.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 3rd. Summit Insights raised Marvell Technology from a “hold” rating to a “buy” rating in a report on Wednesday, December 3rd. Cowen reaffirmed a “hold” rating on shares of Marvell Technology in a research note on Wednesday, December 3rd. Finally, UBS Group set a $100.00 price target on shares of Marvell Technology in a research note on Wednesday, December 3rd. Four analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $111.56.

Marvell Technology Stock Performance

Shares of NASDAQ:MRVL opened at $84.43 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.64. The business’s 50 day moving average price is $88.24 and its 200-day moving average price is $78.26. The firm has a market capitalization of $71.61 billion, a PE ratio of 29.62, a P/E/G ratio of 0.82 and a beta of 1.93. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48.

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

Marvell Technology announced that its Board of Directors has initiated a share repurchase program on Wednesday, September 24th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 7.8% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Marvell Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Investors of record on Friday, October 10th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Friday, October 10th. Marvell Technology’s dividend payout ratio is currently 8.42%.

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.