Stonehage Fleming Financial Services Holdings Ltd Decreases Position in Marvell Technology, Inc. $MRVL

Stonehage Fleming Financial Services Holdings Ltd trimmed its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 54.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,963 shares of the semiconductor company’s stock after selling 7,179 shares during the period. Stonehage Fleming Financial Services Holdings Ltd’s holdings in Marvell Technology were worth $501,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. EPG Wealth Management LLC lifted its position in Marvell Technology by 8.1% in the third quarter. EPG Wealth Management LLC now owns 11,952 shares of the semiconductor company’s stock worth $1,005,000 after buying an additional 898 shares during the last quarter. Pines Wealth Management LLC purchased a new stake in shares of Marvell Technology in the third quarter valued at $203,000. J. Safra Sarasin Holding AG raised its stake in shares of Marvell Technology by 340.0% in the third quarter. J. Safra Sarasin Holding AG now owns 38,739 shares of the semiconductor company’s stock valued at $3,257,000 after acquiring an additional 29,934 shares during the period. Phoenix Financial Ltd. lifted its holdings in shares of Marvell Technology by 9.3% in the 3rd quarter. Phoenix Financial Ltd. now owns 38,453 shares of the semiconductor company’s stock worth $3,234,000 after acquiring an additional 3,263 shares during the last quarter. Finally, Yarger Wealth Strategies LLC grew its holdings in Marvell Technology by 163.3% during the 3rd quarter. Yarger Wealth Strategies LLC now owns 8,595 shares of the semiconductor company’s stock valued at $723,000 after purchasing an additional 5,331 shares during the last quarter. Institutional investors own 83.51% of the company’s stock.

Wall Street Analysts Forecast Growth

MRVL has been the topic of a number of recent analyst reports. Piper Sandler set a $110.00 price objective on shares of Marvell Technology in a research report on Wednesday, December 3rd. Summit Redstone set a $105.00 price target on Marvell Technology in a research note on Wednesday, October 15th. HSBC initiated coverage on Marvell Technology in a report on Monday, November 24th. They set a “hold” rating and a $85.00 price objective for the company. JPMorgan Chase & Co. increased their target price on Marvell Technology from $120.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 3rd. Finally, Oppenheimer reiterated an “outperform” rating and set a $150.00 target price (up from $115.00) on shares of Marvell Technology in a research report on Wednesday, December 3rd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $115.09.

Marvell Technology Trading Up 1.4%

Shares of NASDAQ:MRVL opened at $82.93 on Wednesday. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $121.81. The business’s fifty day simple moving average is $85.74 and its 200-day simple moving average is $81.31. The company has a market capitalization of $70.33 billion, a PE ratio of 29.10, a P/E/G ratio of 0.79 and a beta of 1.95. The company has a current ratio of 2.01, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings data on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the prior year, the business posted $0.43 EPS. The firm’s quarterly revenue was up 36.8% on a year-over-year basis. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. As a group, equities research analysts predict that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 29th. Stockholders of record on Friday, January 9th will be given a $0.06 dividend. The ex-dividend date of this dividend is Friday, January 9th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. Marvell Technology’s payout ratio is presently 8.42%.

Insider Activity at Marvell Technology

In related news, EVP Mark Casper sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $93.08, for a total transaction of $465,400.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.33% of the stock is currently owned by company insiders.

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.