Marvell Technology, Inc. $MRVL Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lowered its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 3.8% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,247,521 shares of the semiconductor company’s stock after selling 48,925 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.14% of Marvell Technology worth $104,879,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Game Plan Financial Advisors LLC acquired a new position in shares of Marvell Technology in the second quarter valued at approximately $27,000. Atlantic Edge Private Wealth Management LLC grew its stake in Marvell Technology by 160.0% in the 3rd 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 during the period. Kiker Wealth Management LLC grew its stake in Marvell Technology by 374.7% in the 2nd quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 281 shares during the period. Nova Wealth Management Inc. raised its holdings in Marvell Technology by 3,922.2% in the 3rd quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 353 shares during the last quarter. Finally, Westside Investment Management Inc. lifted its stake in shares of Marvell Technology by 62.5% during the 2nd quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 160 shares during the period. 83.51% of the stock is owned by institutional investors and hedge funds.

Marvell Technology Trading Up 2.6%

Shares of NASDAQ:MRVL opened at $85.08 on Wednesday. The firm has a market cap of $72.15 billion, a P/E ratio of 29.80, a P/E/G ratio of 0.79 and a beta of 1.95. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve month high of $121.81. The company has a current ratio of 2.01, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. The company has a 50 day moving average of $85.74 and a 200-day moving average of $81.31.

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

Marvell Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 29th. Investors of record on Friday, January 9th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, January 9th. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. Marvell Technology’s payout ratio is presently 8.42%.

Insider Activity at Marvell Technology

In other Marvell Technology news, EVP Mark Casper sold 5,000 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $93.08, for a total value of $465,400.00. Following the completion of the sale, the executive vice president owned 19,418 shares of the company’s stock, valued at $1,807,427.44. The trade was a 20.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.33% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Rosenblatt Securities restated a “buy” rating and issued a $120.00 price target on shares of Marvell Technology in a report on Wednesday, January 7th. Citigroup reiterated a “buy” rating on shares of Marvell Technology in a research note on Monday, December 22nd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Marvell Technology from $90.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Roth Mkm lifted their price objective on Marvell Technology from $105.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Finally, Royal Bank Of Canada assumed coverage on shares of Marvell Technology in a research report on Wednesday, January 14th. They issued an “outperform” rating and a $105.00 target price for the company. Three analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $115.09.

Marvell Technology 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.