Sivia Capital Partners LLC Buys Shares of 3,476 Marvell Technology, Inc. $MRVL

Sivia Capital Partners LLC bought a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 3,476 shares of the semiconductor company’s stock, valued at approximately $295,000.

Other large investors have also recently modified their holdings of the company. Laurel Wealth Advisors LLC acquired a new stake in shares of Marvell Technology in the 4th quarter valued at $25,000. Cherry Tree Wealth Management LLC acquired a new stake in shares of Marvell Technology in the 4th quarter valued at $26,000. Elyxium Wealth LLC acquired a new stake in shares of Marvell Technology in the 4th quarter valued at $40,000. Strive Asset Management LLC acquired a new stake in shares of Marvell Technology in the 3rd quarter valued at $42,000. Finally, Avalon Trust Co boosted its holdings in shares of Marvell Technology by 70.6% in the 3rd quarter. Avalon Trust Co now owns 650 shares of the semiconductor company’s stock valued at $55,000 after purchasing an additional 269 shares in the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Marvell Technology Stock Down 16.7%

Shares of MRVL opened at $263.47 on Friday. Marvell Technology, Inc. has a 52 week low of $61.44 and a 52 week high of $324.20. The stock has a market capitalization of $230.48 billion, a price-to-earnings ratio of 90.23, a PEG ratio of 1.75 and a beta of 2.29. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.66 and a current ratio of 3.28. The stock has a fifty day moving average of $164.84 and a 200-day moving average of $112.56.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, meeting analysts’ consensus estimates of $0.80. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The company had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the prior year, the company earned $0.62 EPS. Marvell Technology’s revenue was up 27.6% compared to the same quarter last year. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. As a group, sell-side analysts anticipate that Marvell Technology, Inc. will post 3.08 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Friday, April 10th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Friday, April 10th. Marvell Technology’s dividend payout ratio is presently 8.22%.

Insider Buying and Selling at Marvell Technology

In related news, CFO Willem A. Meintjes sold 30,000 shares of the firm’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $134.01, for a total transaction of $4,020,300.00. Following the completion of the transaction, the chief financial officer directly owned 154,111 shares of the company’s stock, valued at $20,652,415.11. This trade represents a 16.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Sandeep Bharathi sold 66,892 shares of the firm’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $130.35, for a total value of $8,719,372.20. Following the transaction, the insider directly owned 55,199 shares of the company’s stock, valued at approximately $7,195,189.65. This represents a 54.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 255,060 shares of company stock worth $31,959,772 over the last 90 days. Company insiders own 0.12% of the company’s stock.

Key Headlines Impacting Marvell Technology

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

• Positive Sentiment: Raymond James raised its price target on Marvell to $235 from $105 and reiterated a Strong Buy rating, reflecting continued analyst confidence. Raymond James Raises its Price Target on Marvell (MRVL) to $235 from $105
• Neutral Sentiment: Marvell received unusual call-option activity, which may signal trader interest, but it does not by itself change the fundamental outlook.
• Neutral Sentiment: There was ongoing speculation that Marvell could be added to the S&P 500 in an upcoming index rebalancing, which could provide a passive-fund boost if it happens.
• Negative Sentiment: Broader chip stocks sold off after Broadcom’s outlook disappointed Wall Street, dragging MRVL down with the sector. Micron, Marvell, and Broadcom lead chipmakers’ premarket losses
• Negative Sentiment: Several reports warned that Marvell was overbought after its rapid run-up, making it vulnerable to profit-taking and a momentum unwind. Why Is Marvell Technology Stock Falling On Friday?

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MRVL shares. Scotiabank started coverage on Marvell Technology in a report on Tuesday, May 26th. They issued an “outperform” rating on the stock. Royal Bank Of Canada raised their target price on Marvell Technology from $170.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. Evercore reaffirmed an “outperform” rating and issued a $155.00 target price on shares of Marvell Technology in a report on Tuesday, May 19th. Stifel Nicolaus set a $321.00 target price on Marvell Technology in a report on Tuesday. Finally, JPMorgan Chase & Co. increased their price target on Marvell Technology from $135.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $218.58.

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.