Marvell Technology, Inc. $MRVL Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 15.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 535,150 shares of the semiconductor company’s stock after purchasing an additional 70,264 shares during the quarter. Handelsbanken Fonder AB’s holdings in Marvell Technology were worth $44,990,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of MRVL. Trifecta Capital Advisors LLC raised its holdings in Marvell Technology by 8.8% during the third quarter. Trifecta Capital Advisors LLC now owns 1,430 shares of the semiconductor company’s stock worth $120,000 after purchasing an additional 116 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Marvell Technology by 1.7% in the third quarter. GAMMA Investing LLC now owns 7,306 shares of the semiconductor company’s stock valued at $614,000 after purchasing an additional 122 shares during the period. FSM Wealth Advisors LLC raised its position in Marvell Technology by 4.4% during the 3rd quarter. FSM Wealth Advisors LLC now owns 2,939 shares of the semiconductor company’s stock worth $247,000 after buying an additional 123 shares during the last quarter. Meeder Asset Management Inc. lifted its position in Marvell Technology by 30.4% in the third quarter. Meeder Asset Management Inc. now owns 557 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 130 shares during the period. Finally, Nations Financial Group Inc. IA ADV lifted its holdings in shares of Marvell Technology by 1.8% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 7,353 shares of the semiconductor company’s stock valued at $618,000 after buying an additional 133 shares during the period. Institutional investors and hedge funds own 83.51% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on MRVL. Stifel Nicolaus lifted their price objective on Marvell Technology from $95.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. HSBC assumed coverage on shares of Marvell Technology in a report on Monday, November 24th. They issued a “hold” rating and a $85.00 target price on the stock. Benchmark reiterated a “hold” rating on shares of Marvell Technology in a research report on Tuesday, February 3rd. Evercore upped their price objective on Marvell Technology from $122.00 to $156.00 and gave the stock an “outperform” rating in a report on Wednesday, December 3rd. Finally, Citigroup decreased their price objective on shares of Marvell Technology from $114.00 to $113.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. Two investment 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 stock. According to data from MarketBeat.com, Marvell Technology presently has an average rating of “Moderate Buy” and an average target price of $115.31.

Marvell Technology Stock Performance

Shares of MRVL opened at $81.69 on Friday. The firm has a fifty day moving average of $81.90 and a 200-day moving average of $81.88. The company has a market cap of $71.17 billion, a price-to-earnings ratio of 28.66, a price-to-earnings-growth ratio of 0.64 and a beta of 1.97. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.01. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $102.77.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings data on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.02. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same period last year, the firm posted $0.43 EPS. Marvell Technology’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. As a group, equities analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Friday, January 9th were given a $0.06 dividend. 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 payout ratio is currently 8.42%.

Insiders Place Their Bets

In related news, EVP Mark Casper sold 5,000 shares of the company’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 completion of the sale, the executive vice president directly owned 19,418 shares of the company’s stock, 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 hyperlink. Company insiders own 0.19% of the company’s stock.

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.