Smith Salley Wealth Management Buys 3,235 Shares of Marvell Technology, Inc. $MRVL

Smith Salley Wealth Management increased its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 1.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 287,576 shares of the semiconductor company’s stock after buying an additional 3,235 shares during the quarter. Marvell Technology accounts for about 1.4% of Smith Salley Wealth Management’s investment portfolio, making the stock its 19th largest holding. Smith Salley Wealth Management’s holdings in Marvell Technology were worth $28,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC acquired a new position in Marvell Technology in the 4th quarter valued at $25,000. Jessup Wealth Management Inc acquired a new stake in shares of Marvell Technology during the 4th quarter worth $25,000. Cherry Tree Wealth Management LLC bought a new position in shares of Marvell Technology in the fourth quarter worth $26,000. MidFirst Bank bought a new position in shares of Marvell Technology in the fourth quarter worth $28,000. Finally, Ankerstar Wealth LLC acquired a new position in Marvell Technology in the fourth quarter valued at about $34,000. Institutional investors own 83.51% of the company’s stock.

Marvell Technology Stock Performance

NASDAQ:MRVL opened at $310.58 on Monday. The stock’s 50-day simple moving average is $201.51 and its 200 day simple moving average is $127.06. The firm has a market capitalization of $271.70 billion, a PE ratio of 106.36, a price-to-earnings-growth ratio of 2.03 and a beta of 2.29. The company has a quick ratio of 2.66, a current ratio of 3.28 and a debt-to-equity ratio of 0.27. Marvell Technology, Inc. has a twelve month low of $61.44 and a twelve month high of $329.88.

Marvell Technology (NASDAQ:MRVL) last released its earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.80. The firm had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The business’s revenue for the quarter was up 27.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.62 earnings per share. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. On average, analysts anticipate that Marvell Technology, Inc. will post 3.07 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Sandeep Bharathi sold 2,231 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $299.13, for a total value of $667,359.03. Following the completion of the transaction, the insider owned 55,530 shares of the company’s stock, valued at $16,610,688.90. This represents a 3.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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, CFO Willem A. Meintjes sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $175.24, for a total transaction of $700,960.00. Following the completion of the sale, the chief financial officer owned 226,675 shares in the company, valued at $39,722,527. This represents a 1.73% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 257,291 shares of company stock worth $32,627,131 in the last quarter. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on MRVL shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $240.00 price objective on shares of Marvell Technology in a research report on Friday, June 12th. Melius Research set a $220.00 target price on shares of Marvell Technology in a report on Monday, May 18th. Stifel Nicolaus set a $321.00 target price on shares of Marvell Technology in a research report on Tuesday, June 2nd. Evercore reaffirmed an “outperform” rating and set a $155.00 price target on shares of Marvell Technology in a report on Tuesday, May 19th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $240.00 price target on shares of Marvell Technology in a research report on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Marvell Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $228.71.

Marvell Technology News Roundup

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

• Positive Sentiment: Marvell is set to join the S&P 500 on June 22, which can drive demand from index funds and ETFs that track the benchmark.
• Positive Sentiment: Investor sentiment remains strong after Nvidia CEO Jensen Huang praised Marvell, reinforcing its role in AI infrastructure and custom chip design.
• Positive Sentiment: Recent analyst upgrades and sharply higher price targets suggest Wall Street sees more upside from Marvell’s AI networking and optical interconnect growth.
• Positive Sentiment: Marvell’s recent earnings and guidance continue to show solid demand, with revenue growth tied to data-center and custom-chip momentum.
• Neutral Sentiment: Several commentary pieces note that MRVL has run up quickly and may be trading at a demanding valuation, which could limit near-term upside even if the AI story stays intact.
• Neutral Sentiment: Technical notes suggest the stock remains in a strong uptrend near highs, but it may pause for consolidation after a steep move.
• Negative Sentiment: Marvell’s CFO filed to sell about $65 million of stock, and while insider sales can pressure sentiment, this looks like a large disclosure investors may view cautiously. Article: Marvell’s CFO Just Filed to Dump $65 Million of Stock
• Negative Sentiment: A separate insider sale by Sandeep Bharathi was also disclosed, though it was tied to a pre-arranged 10b5-1 plan and tax withholding, making it less concerning on its own.

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.