SeaCrest Wealth Management LLC Purchases 7,461 Shares of Marvell Technology, Inc. $MRVL

SeaCrest Wealth Management LLC raised its position in Marvell Technology, Inc. (NASDAQ:MRVLFree Report) by 289.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,040 shares of the semiconductor company’s stock after purchasing an additional 7,461 shares during the period. SeaCrest Wealth Management LLC’s holdings in Marvell Technology were worth $850,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Atlantic Edge Private Wealth Management LLC raised its stake 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 worth $27,000 after buying an additional 200 shares during the last quarter. Nova Wealth Management Inc. lifted its holdings in Marvell Technology by 3,922.2% in the third quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 353 shares during the period. N.E.W. Advisory Services LLC bought a new stake in Marvell Technology during the second quarter valued at $32,000. Cary Street Partners Investment Advisory LLC bought a new stake in Marvell Technology during the second quarter valued at $34,000. Finally, Hollencrest Capital Management grew its holdings in Marvell Technology by 23,350.0% during the 2nd quarter. Hollencrest Capital Management now owns 469 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 467 shares during the period. 83.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MRVL. Rosenblatt Securities lifted their price objective on Marvell Technology from $115.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. KGI Securities raised Marvell Technology from a “neutral” rating to an “outperform” rating and set a $110.00 target price for the company in a research note on Friday, March 6th. Morgan Stanley raised their target price on Marvell Technology from $95.00 to $103.00 and gave the stock an “equal weight” rating in a research note on Friday, March 6th. Stifel Nicolaus lifted their target price on Marvell Technology from $114.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Finally, Jefferies Financial Group boosted their price target on Marvell Technology from $80.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $117.24.

Check Out Our Latest Stock Report on MRVL

Key Stories Impacting Marvell Technology

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

Marvell Technology Price Performance

Shares of NASDAQ MRVL opened at $97.68 on Friday. The firm has a market capitalization of $85.42 billion, a P/E ratio of 31.71, a P/E/G ratio of 0.89 and a beta of 1.97. The firm’s 50-day moving average price is $83.07 and its 200-day moving average price is $84.13. The company has a current ratio of 2.01, a quick ratio of 1.58 and a debt-to-equity ratio of 0.28. Marvell Technology, Inc. has a 1-year low of $47.08 and a 1-year high of $102.77.

Marvell Technology (NASDAQ:MRVLGet Free Report) last issued its earnings results on Thursday, March 5th. The semiconductor company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.79 by $0.01. Marvell Technology had a return on equity of 14.22% and a net margin of 32.58%.The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same period last year, the business posted $0.60 EPS. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. Equities research analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Friday, April 10th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, April 10th. Marvell Technology’s dividend payout ratio (DPR) is 7.79%.

Insider Activity at Marvell Technology

In other 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 completion of the sale, the executive vice president owned 19,418 shares in the company, valued at $1,807,427.44. The trade was a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.19% of the stock is currently owned by corporate insiders.

Marvell Technology Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Marvell Technology (NASDAQ:MRVL)

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