Vanguard Group Inc. Has $6.69 Billion Holdings in Marvell Technology, Inc. $MRVL

Vanguard Group Inc. raised its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 23.5% in the third quarter, Holdings Channel reports. The fund owned 79,610,208 shares of the semiconductor company’s stock after acquiring an additional 15,166,976 shares during the period. Vanguard Group Inc. owned 0.09% of Marvell Technology worth $6,692,830,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Atlantic Edge Private Wealth Management LLC lifted its holdings in shares of Marvell Technology by 160.0% during the 3rd quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 200 shares in the last quarter. Nova Wealth Management Inc. raised its holdings in Marvell Technology by 3,922.2% during the 3rd quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company’s stock worth $30,000 after buying an additional 353 shares during the period. Westside Investment Management Inc. lifted its stake in Marvell Technology by 62.5% in the second quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 160 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of Marvell Technology in the second quarter valued at approximately $32,000. Finally, Cary Street Partners Investment Advisory LLC bought a new stake in shares of Marvell Technology during the second quarter worth $34,000. 83.51% of the stock is currently owned by institutional investors.

Insider Activity

In other Marvell Technology news, EVP Mark Casper sold 5,000 shares of the business’s 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 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 through this hyperlink. Insiders own 0.33% of the company’s stock.

Marvell Technology Stock Up 0.5%

MRVL stock opened at $78.61 on Tuesday. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve month high of $112.50. The company has a market cap of $66.60 billion, a price-to-earnings ratio of 27.58, a P/E/G 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. The business has a 50 day moving average price of $83.08 and a two-hundred day moving average price of $81.76.

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

Marvell Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 29th. Stockholders of record on Friday, January 9th were paid a dividend of $0.06 per share. 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 payout ratio is currently 8.42%.

Analyst Upgrades and Downgrades

MRVL has been the topic of several research reports. JPMorgan Chase & Co. boosted their price objective on shares of Marvell Technology from $120.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, December 3rd. Rosenblatt Securities cut their price target on Marvell Technology from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, February 3rd. Citigroup reduced their price objective on Marvell Technology from $114.00 to $113.00 and set a “buy” rating for the company in a research report on Tuesday, February 3rd. Needham & Company LLC dropped their target price on Marvell Technology from $120.00 to $118.00 and set a “buy” rating on the stock in a research report on Tuesday, February 3rd. Finally, Susquehanna set a $120.00 price target on Marvell Technology and gave the stock a “positive” rating in a research report on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, Marvell Technology 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.