Generali Asset Management SPA SGR Trims Stock Position in Marvell Technology, Inc. $MRVL

Generali Asset Management SPA SGR decreased its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 25.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 56,221 shares of the semiconductor company’s stock after selling 18,965 shares during the period. Generali Asset Management SPA SGR’s holdings in Marvell Technology were worth $4,726,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of MRVL. Ellsworth Advisors LLC purchased a new position in shares of Marvell Technology in the 3rd quarter valued at about $5,864,000. Taylor Frigon Capital Management LLC grew its position in Marvell Technology by 16.5% during the second quarter. Taylor Frigon Capital Management LLC now owns 33,605 shares of the semiconductor company’s stock worth $2,601,000 after buying an additional 4,748 shares during the period. Waterfront Wealth Inc. grew its position in Marvell Technology by 21.5% during the second quarter. Waterfront Wealth Inc. now owns 18,394 shares of the semiconductor company’s stock worth $1,424,000 after buying an additional 3,258 shares during the period. BOCHK Asset Management Ltd purchased a new position in Marvell Technology in the second quarter valued at about $1,486,000. Finally, Westbourne Investments Inc. lifted its position in shares of Marvell Technology by 442.4% during the 2nd quarter. Westbourne Investments Inc. now owns 21,695 shares of the semiconductor company’s stock valued at $1,679,000 after acquiring an additional 17,695 shares during the period. 83.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on MRVL shares. JPMorgan Chase & Co. upped their price target on Marvell Technology from $120.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, December 3rd. Piper Sandler set a $110.00 target price on Marvell Technology in a report on Wednesday, December 3rd. TD Cowen raised their price target on Marvell Technology from $90.00 to $100.00 and gave the company a “hold” rating in a research report on Wednesday, December 3rd. Wall Street Zen upgraded shares of Marvell Technology from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Finally, Rosenblatt Securities restated a “buy” rating and set a $95.00 target price on shares of Marvell Technology in a report on Monday, December 1st. Four research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $111.25.

Insider Buying and Selling

In other Marvell Technology news, EVP Mark Casper sold 1,253 shares of the business’s stock in a transaction 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 transaction, the executive vice president directly owned 9,023 shares in the company, valued at approximately $911,323. The trade was a 12.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.19% of the company’s stock.

Marvell Technology Stock Up 5.2%

MRVL opened at $89.39 on Friday. The firm has a market cap of $75.81 billion, a P/E ratio of 31.36, a PEG ratio of 0.82 and a beta of 1.95. The business’s fifty day simple moving average is $87.82 and its 200 day simple moving average is $80.20. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $127.48. The company has a quick ratio of 1.64, a current ratio of 2.01 and a debt-to-equity ratio of 0.28.

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

Marvell Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 29th. Investors of record on Friday, January 9th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, January 9th. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. Marvell Technology’s dividend payout ratio (DPR) is 8.42%.

Marvell Technology announced that its Board of Directors has approved a share buyback plan on Wednesday, September 24th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the semiconductor company to buy up to 7.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

About Marvell Technology

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.