Coastal Bridge Advisors LLC Has $277,000 Holdings in Marvell Technology, Inc. $MRVL

Coastal Bridge Advisors LLC trimmed its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 95.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,300 shares of the semiconductor company’s stock after selling 70,840 shares during the quarter. Coastal Bridge Advisors LLC’s holdings in Marvell Technology were worth $277,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings in shares of Marvell Technology by 1.7% during the third quarter. GAMMA Investing LLC now owns 7,306 shares of the semiconductor company’s stock worth $614,000 after purchasing an additional 122 shares during the period. FSM Wealth Advisors LLC increased its stake in Marvell Technology by 4.4% during the 3rd quarter. FSM Wealth Advisors LLC now owns 2,939 shares of the semiconductor company’s stock worth $247,000 after acquiring an additional 123 shares during the period. Meeder Asset Management Inc. raised its holdings in Marvell Technology by 30.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 557 shares of the semiconductor company’s stock valued at $47,000 after acquiring an additional 130 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in shares of Marvell Technology by 1.8% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 7,353 shares of the semiconductor company’s stock worth $618,000 after purchasing an additional 133 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in shares of Marvell Technology by 6.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,115 shares of the semiconductor company’s stock worth $164,000 after purchasing an additional 137 shares in the last quarter. Institutional investors own 83.51% of the company’s stock.

Analyst Ratings Changes

MRVL has been the subject of several recent analyst reports. HSBC began coverage on shares of Marvell Technology in a research report on Monday, November 24th. They set a “hold” rating and a $85.00 price objective for the company. Jefferies Financial Group upped their price target on shares of Marvell Technology from $80.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Barclays increased their price target on shares of Marvell Technology from $80.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft upped their target price on Marvell Technology from $90.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $120.00 target price on shares of Marvell Technology in a report on Wednesday, January 7th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $115.09.

Marvell Technology Stock Down 3.0%

Shares of NASDAQ:MRVL opened at $78.92 on Friday. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $121.81. The company has a market capitalization of $66.93 billion, a PE ratio of 27.69, a price-to-earnings-growth ratio of 0.79 and a beta of 1.95. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.01. The company has a fifty day moving average of $85.91 and a 200-day moving average of $81.37.

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

Marvell Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 29th. Investors of record on Friday, January 9th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Friday, January 9th. Marvell Technology’s dividend payout ratio (DPR) is 8.42%.

Insider Transactions at Marvell Technology

In related news, EVP Mark Casper sold 5,000 shares of Marvell Technology stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $93.08, for a total transaction of $465,400.00. Following the sale, the executive vice president directly owned 19,418 shares in the company, valued at $1,807,427.44. This trade represents a 20.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.19% of the stock is currently owned by company insiders.

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.