Rhumbline Advisers Has $78.50 Million Stake in Marvell Technology, Inc. $MRVL

Rhumbline Advisers increased its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 0.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 933,791 shares of the semiconductor company’s stock after purchasing an additional 8,783 shares during the period. Rhumbline Advisers’ holdings in Marvell Technology were worth $78,504,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in Marvell Technology during the second quarter valued at about $716,713,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of Marvell Technology by 4,758.5% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,036,216 shares of the semiconductor company’s stock valued at $544,603,000 after acquiring an additional 6,891,393 shares during the last quarter. Amundi raised its position in Marvell Technology by 113.4% in the 2nd quarter. Amundi now owns 8,648,350 shares of the semiconductor company’s stock valued at $642,140,000 after purchasing an additional 4,596,309 shares during the last quarter. Franklin Resources Inc. grew its holdings in Marvell Technology by 112.4% during the 2nd quarter. Franklin Resources Inc. now owns 8,097,620 shares of the semiconductor company’s stock worth $626,756,000 after acquiring an additional 4,285,330 shares during the last quarter. Finally, Aspex Management HK Ltd bought a new stake in shares of Marvell Technology during the second quarter valued at approximately $324,736,000. Institutional investors own 83.51% of the company’s stock.

Insider Activity at Marvell Technology

In related news, EVP Mark Casper sold 5,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,807,427.44. This trade represents a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. B. Riley Financial reiterated a “buy” rating and set a $130.00 price target (up previously from $100.00) on shares of Marvell Technology in a research report on Wednesday, December 3rd. Barclays boosted their price objective on Marvell Technology from $80.00 to $105.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Marvell Technology in a research report on Monday, December 29th. Summit Insights upgraded shares of Marvell Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, December 3rd. Finally, Oppenheimer reissued an “outperform” rating and issued a $150.00 target price (up from $115.00) on shares of Marvell Technology in a research note on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.16.

Marvell Technology Price Performance

Shares of NASDAQ MRVL opened at $78.23 on Friday. The firm has a market cap of $66.28 billion, a P/E ratio of 27.45, a price-to-earnings-growth ratio of 0.64 and a beta of 1.97. 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 1-year low of $47.08 and a 1-year high of $112.50. The business’s 50 day moving average is $83.75 and its 200-day moving average is $81.71.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share (EPS) 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 business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the previous year, the company posted $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. Equities research analysts predict that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Announces Dividend

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

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.