Vaughan Nelson Investment Management L.P. Has $39.21 Million Stake in Marvell Technology, Inc. $MRVL

Vaughan Nelson Investment Management L.P. cut its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 461,384 shares of the semiconductor company’s stock after selling 10,440 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Marvell Technology were worth $39,208,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of MRVL. Ellsworth Advisors LLC bought a new stake in shares of Marvell Technology during the 3rd quarter worth $5,864,000. Vanguard Group Inc. increased its position in Marvell Technology by 23.5% in the 3rd quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company’s stock worth $6,692,830,000 after buying an additional 15,166,976 shares during the period. OVERSEA CHINESE BANKING Corp Ltd grew its stake in shares of Marvell Technology by 1,292.1% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 389,809 shares of the semiconductor company’s stock worth $32,656,000 after acquiring an additional 361,807 shares during the last quarter. Triasima Portfolio Management inc. bought a new position in Marvell Technology during the third quarter worth $1,426,000. Finally, Robeco Schweiz AG boosted its holdings in Marvell Technology by 1.4% in the 3rd quarter. Robeco Schweiz AG now owns 973,765 shares of the semiconductor company’s stock valued at $81,864,000 after purchasing an additional 12,977 shares during the period. Institutional investors own 83.51% of the company’s stock.

Insider Buying and Selling

In other news, CEO Matthew J. Murphy sold 30,000 shares of the business’s stock in a transaction dated Thursday, March 26th. The stock was sold at an average price of $98.70, for a total transaction of $2,961,000.00. Following the completion of the transaction, the chief executive officer directly owned 310,106 shares in the company, valued at approximately $30,607,462.20. The trade was a 8.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sandeep Bharathi sold 44,414 shares of the company’s stock in a transaction dated Thursday, March 26th. The shares were sold at an average price of $99.61, for a total value of $4,424,078.54. Following the completion of the sale, the insider directly owned 55,199 shares of the company’s stock, valued at approximately $5,498,372.39. This trade represents a 44.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 79,414 shares of company stock valued at $7,850,479 over the last three months. Company insiders own 0.33% of the company’s stock.

Marvell Technology Trading Down 7.5%

MRVL opened at $87.81 on Tuesday. The firm has a 50 day simple moving average of $83.51 and a 200 day simple moving average of $84.73. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week high of $102.77. The company has a market cap of $76.79 billion, a price-to-earnings ratio of 28.51, a price-to-earnings-growth ratio of 0.86 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 1.58.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. Marvell Technology had a net margin of 32.58% and a return on equity of 14.22%. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same period last year, the firm earned $0.60 earnings per share. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. On average, sell-side analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Friday, April 10th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, April 10th. Marvell Technology’s dividend payout ratio (DPR) is currently 7.79%.

Analyst Ratings Changes

Several equities analysts have commented on MRVL shares. Piper Sandler set a $110.00 price target on Marvell Technology in a report on Wednesday, December 3rd. Jefferies Financial Group lifted their price objective on Marvell Technology from $80.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Bank of America upgraded Marvell Technology from a “neutral” rating to a “buy” rating and raised their target price for the stock from $90.00 to $110.00 in a research report on Friday, March 6th. Deutsche Bank Aktiengesellschaft set a $120.00 price objective on Marvell Technology in a research note on Tuesday, February 10th. Finally, Royal Bank Of Canada upped their target price on shares of Marvell Technology from $105.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $117.24.

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.