37,055 Shares in Marvell Technology, Inc. $MRVL Acquired by Palumbo Wealth Management LLC

Palumbo Wealth Management LLC acquired a new position in Marvell Technology, Inc. (NASDAQ:MRVL) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 37,055 shares of the semiconductor company’s stock, valued at approximately $3,115,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MRVL. Ellsworth Advisors LLC bought a new stake in shares of Marvell Technology in the third quarter worth $5,864,000. Vanguard Group Inc. lifted its holdings in Marvell Technology by 23.5% in the third quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock worth $6,692,830,000 after acquiring an additional 15,166,976 shares during the last quarter. Waterfront Wealth Inc. boosted its position in Marvell Technology by 21.5% during the 2nd quarter. Waterfront Wealth Inc. now owns 18,394 shares of the semiconductor company’s stock valued at $1,424,000 after purchasing an additional 3,258 shares during the period. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of Marvell Technology by 1,292.1% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 389,809 shares of the semiconductor company’s stock valued at $32,656,000 after acquiring an additional 361,807 shares during the period. Finally, Norges Bank bought a new position in Marvell Technology in the 2nd quarter worth about $716,713,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on MRVL. Stifel Nicolaus raised their target price on shares of Marvell Technology from $95.00 to $114.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. Royal Bank Of Canada initiated coverage on shares of Marvell Technology in a research report on Wednesday, January 14th. They issued an “outperform” rating and a $105.00 price target on the stock. Craig Hallum restated a “buy” rating and set a $141.00 price objective on shares of Marvell Technology in a research report on Wednesday, December 3rd. Cantor Fitzgerald reiterated a “neutral” rating and issued a $100.00 target price on shares of Marvell Technology in a report on Tuesday, February 17th. Finally, Susquehanna set a $120.00 target price on shares of Marvell Technology and gave the company a “positive” rating in a research note on Wednesday, December 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $115.31.

Insider Buying and Selling at Marvell Technology

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

Marvell Technology Stock Performance

Shares of MRVL opened at $77.79 on Tuesday. The company has a 50-day moving average of $82.19 and a two-hundred day moving average of $81.87. The stock has a market cap of $67.77 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 0.63 and a beta of 1.97. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.64. Marvell Technology, Inc. has a one year low of $47.08 and a one year high of $104.67.

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 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 analyst estimates of $2.06 billion. During the same quarter in the previous year, the business earned $0.43 earnings per share. The firm’s 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, equities research analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Dividend Announcement

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

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.