ING Groep NV Has $12.67 Million Holdings in Marvell Technology, Inc. $MRVL

ING Groep NV grew its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 281.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 150,688 shares of the semiconductor company’s stock after acquiring an additional 111,177 shares during the quarter. ING Groep NV’s holdings in Marvell Technology were worth $12,668,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MRVL. Rhumbline Advisers increased its position in Marvell Technology by 0.9% during the 3rd quarter. Rhumbline Advisers now owns 933,791 shares of the semiconductor company’s stock worth $78,504,000 after purchasing an additional 8,783 shares in the last quarter. Impax Asset Management Group plc grew its stake in shares of Marvell Technology by 6.5% during the third quarter. Impax Asset Management Group plc now owns 3,628,126 shares of the semiconductor company’s stock worth $304,264,000 after buying an additional 222,661 shares during the last quarter. Krilogy Financial LLC increased its holdings in shares of Marvell Technology by 19.8% during the third quarter. Krilogy Financial LLC now owns 34,089 shares of the semiconductor company’s stock worth $3,167,000 after buying an additional 5,632 shares in the last quarter. Stratos Wealth Partners LTD. lifted its stake in shares of Marvell Technology by 18.6% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 28,217 shares of the semiconductor company’s stock valued at $2,372,000 after acquiring an additional 4,430 shares during the last quarter. Finally, Cove Private Wealth LLC boosted its holdings in shares of Marvell Technology by 0.9% during the 3rd quarter. Cove Private Wealth LLC now owns 37,346 shares of the semiconductor company’s stock valued at $3,140,000 after acquiring an additional 330 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Marvell Technology Trading Down 0.8%

MRVL opened at $81.34 on Thursday. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve month high of $112.50. The company has a fifty day moving average of $84.15 and a 200-day moving average of $81.74. The stock has a market cap of $68.92 billion, a PE ratio of 28.54, a price-to-earnings-growth ratio of 0.62 and a beta of 1.97. 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 issued its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 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 business had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the prior year, the firm posted $0.43 earnings per share. The business’s quarterly revenue was up 36.8% compared to the same quarter last year. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. On average, sell-side analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Shareholders 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 payout ratio is presently 8.42%.

Insider Transactions at Marvell Technology

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

Wall Street Analysts Forecast Growth

MRVL has been the subject of several research reports. Evercore increased their target price on Marvell Technology from $122.00 to $156.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. Benchmark reiterated a “hold” rating on shares of Marvell Technology in a report on Tuesday, February 3rd. B. Riley Financial reiterated a “buy” rating and set a $130.00 target price (up from $100.00) on shares of Marvell Technology in a research report on Wednesday, December 3rd. Piper Sandler set a $110.00 price target on shares of Marvell Technology in a research report on Wednesday, December 3rd. Finally, Morgan Stanley set a $112.00 price target on shares of Marvell Technology in a report on Wednesday, December 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.16.

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.