Mengis Capital Management Inc. Invests $1.77 Million in Marvell Technology, Inc. $MRVL

Mengis Capital Management Inc. acquired a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 21,070 shares of the semiconductor company’s stock, valued at approximately $1,771,000.

Other hedge funds also recently bought and sold shares of the company. Atlantic Edge Private Wealth Management LLC grew its position in Marvell Technology by 160.0% during the third quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 200 shares during the last quarter. Nova Wealth Management Inc. boosted its stake in shares of Marvell Technology by 3,922.2% in the 3rd quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 353 shares in the last quarter. Westside Investment Management Inc. grew its holdings in shares of Marvell Technology by 62.5% during the 2nd quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 160 shares during the last quarter. N.E.W. Advisory Services LLC bought a new position in shares of Marvell Technology during the 2nd quarter valued at $32,000. Finally, Cary Street Partners Investment Advisory LLC purchased a new position in Marvell Technology in the 2nd quarter worth $34,000. Institutional investors own 83.51% of the company’s stock.

Insider Buying and Selling

In other 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 value 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 trade represents a 20.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.19% of the company’s stock.

Marvell Technology News Roundup

Here are the key news stories impacting Marvell Technology this week:

• Positive Sentiment: Completed acquisition of Celestial AI and public demo of PCIe 8.0 SerDes strengthen Marvell’s optical interconnect and high‑bandwidth AI roadmap—helps position the company for hyperscaler/cloud AI demand. Marvell Deepens AI Infrastructure Role With Celestial AI Deal And PCIe 8.0
• Positive Sentiment: Multiple previews and analyst notes expect a record quarter driven by custom AI chips and optical networking — strong demand thesis that could lift revenue/beat expectations and drive upside if guidance is confident. Here’s what investors can expect from Marvell’s earnings report
• Positive Sentiment: High-profile endorsements: Jim Cramer publicly called Marvell a buy going into the quarter, which can support short‑term investor interest and flows into the stock. Jim Cramer on Marvell: “I Think the Stock’s a Buy Going Into the Quarter”
• Neutral Sentiment: Benzinga roundup of 12 analysts shows mixed viewpoints — consensus leans positive on AI/data center exposure but individual ratings and price targets vary; useful for gauging street expectations but not a single catalyst. A Glimpse Into The Expert Outlook On Marvell Technology Through 12 Analysts
• Neutral Sentiment: Options market is pricing notable post‑earnings volatility (roughly double‑digit expected move), signaling risk/reward around the print even if fundamentals look strong. Is Marvell Stock (MRVL) a Buy Ahead of Q4 Earnings? Options Traders Brace for 11% Price Swing
• Negative Sentiment: Zacks downgraded Marvell to “strong sell,” which has already pressured sentiment and could weigh on the stock if other shops follow. Zacks Research downgrade
• Negative Sentiment: Morgan Stanley trimmed its price target, and some coverage highlights the stock’s YTD weakness and sensitivity to guidance — weak or cautious guidance could trigger a larger pullback. Price Target Cut to $95.00 by Analysts at Morgan Stanley
• Negative Sentiment: Benzinga preview notes shares have been volatile (down ~13% YTD) and flags that management commentary on data‑center demand/guidance will be the primary near‑term driver — downside if guidance misses. Marvell Technology Q4 Preview

Marvell Technology Trading Up 0.7%

NASDAQ MRVL opened at $78.09 on Thursday. The stock has a market cap of $68.03 billion, a P/E ratio of 27.40, a price-to-earnings-growth ratio of 0.63 and a beta of 1.97. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week high of $102.77. The stock has a 50 day simple moving average of $81.45 and a two-hundred day simple moving average of $81.93. 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 (NASDAQ:MRVL) last posted its 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 firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the previous year, the firm earned $0.43 earnings per share. The business’s revenue was up 36.8% compared to the same quarter last year. On average, analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Announces Dividend

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

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Royal Bank Of Canada restated an “outperform” rating on shares of Marvell Technology in a research report on Monday. B. Riley Financial reissued a “buy” rating and issued a $130.00 target price (up from $100.00) on shares of Marvell Technology in a research note on Wednesday, December 3rd. Citigroup decreased their price target on Marvell Technology from $114.00 to $113.00 and set a “buy” rating on the stock in a research note on Tuesday, February 3rd. Jefferies Financial Group boosted their price objective on Marvell Technology from $80.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Finally, Benchmark restated a “hold” rating on shares of Marvell Technology in a report on Tuesday, February 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $114.06.

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.