23,354 Shares in Marvell Technology, Inc. $MRVL Purchased by IMA Advisory Services Inc.

IMA Advisory Services Inc. purchased a new position in Marvell Technology, Inc. (NASDAQ:MRVL) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 23,354 shares of the semiconductor company’s stock, valued at approximately $1,963,000.

Several other large investors also recently made changes to their positions in MRVL. Intech Investment Management LLC lifted its stake in Marvell Technology by 3.9% during the first quarter. Intech Investment Management LLC now owns 28,784 shares of the semiconductor company’s stock valued at $1,772,000 after purchasing an additional 1,085 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of Marvell Technology by 96.9% in the second quarter. Concurrent Investment Advisors LLC now owns 20,048 shares of the semiconductor company’s stock valued at $1,552,000 after buying an additional 9,864 shares in the last quarter. Yousif Capital Management LLC increased its holdings in shares of Marvell Technology by 3.4% in the second quarter. Yousif Capital Management LLC now owns 15,563 shares of the semiconductor company’s stock valued at $1,205,000 after buying an additional 506 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Marvell Technology by 6.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 18,249 shares of the semiconductor company’s stock valued at $1,412,000 after acquiring an additional 1,146 shares during the last quarter. Finally, NorthRock Partners LLC boosted its stake in shares of Marvell Technology by 26.4% during the 2nd quarter. NorthRock Partners LLC now owns 6,832 shares of the semiconductor company’s stock worth $529,000 after acquiring an additional 1,429 shares in the last quarter. Institutional investors own 83.51% of the company’s stock.

Marvell Technology Trading Down 3.8%

Shares of NASDAQ MRVL opened at $78.23 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. Marvell Technology, Inc. has a one year low of $47.08 and a one year high of $112.50. The business has a 50-day moving average price of $83.75 and a two-hundred day moving average price of $81.71. The firm has a market capitalization of $66.28 billion, a PE ratio of 27.45, a PEG ratio of 0.64 and a beta of 1.97.

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

Marvell Technology Dividend Announcement

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

Insider Activity at Marvell Technology

In other news, EVP Mark Casper sold 5,000 shares of the business’s stock in a transaction 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 transaction, the executive vice president directly owned 19,418 shares in the company, valued at $1,807,427.44. The trade was a 20.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.19% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MRVL has been the topic of a number of recent analyst reports. Evercore boosted their target price on Marvell Technology from $122.00 to $156.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 3rd. UBS Group decreased their price target on Marvell Technology from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday, February 3rd. KeyCorp boosted their price objective on Marvell Technology from $90.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, December 3rd. TD Cowen reaffirmed a “hold” rating on shares of Marvell Technology in a research note on Wednesday, December 3rd. Finally, Jefferies Financial Group raised their target price 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. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $115.16.

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.