Marvell Technology, Inc. $MRVL Shares Purchased by Clal Insurance Enterprises Holdings Ltd

Clal Insurance Enterprises Holdings Ltd increased its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 4.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 502,000 shares of the semiconductor company’s stock after buying an additional 19,549 shares during the period. Clal Insurance Enterprises Holdings Ltd’s holdings in Marvell Technology were worth $42,203,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MRVL. Atlantic Edge Private Wealth Management LLC raised its position in Marvell Technology by 160.0% in the third 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 during the period. Nova Wealth Management Inc. increased its stake 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. N.E.W. Advisory Services LLC acquired a new position in Marvell Technology in the 2nd quarter worth $32,000. Westside Investment Management Inc. grew its stake in shares of Marvell Technology by 62.5% during the second quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 160 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Marvell Technology during the second quarter worth about $34,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Marvell Technology

In other news, EVP Mark Casper sold 5,000 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $93.08, for a total value of $465,400.00. Following the completion of the transaction, the executive vice president directly owned 19,418 shares in the company, valued at $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 SEC, which is accessible through this link. Corporate insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

MRVL has been the subject of a number of recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Marvell Technology in a research note 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. Roth Mkm upped their price target on shares of Marvell Technology from $105.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Susquehanna reissued a “positive” rating on shares of Marvell Technology in a report on Tuesday. Finally, The Goldman Sachs Group upped their target price on shares of Marvell Technology from $80.00 to $90.00 and gave the company a “neutral” rating in a research note on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $115.31.

Marvell Technology Stock Performance

Shares of NASDAQ MRVL opened at $81.69 on Friday. 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 firm’s 50-day moving average price is $81.90 and its two-hundred day moving average price is $81.88. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $102.77. The stock has a market capitalization of $71.17 billion, a P/E ratio of 28.66, a P/E/G ratio of 0.64 and a beta of 1.97.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the prior year, the firm earned $0.43 EPS. The business’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. As a group, sell-side analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Stockholders of record on Friday, January 9th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis 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%.

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.