Lansforsakringar Fondforvaltning AB publ Increases Stake in Marvell Technology, Inc. $MRVL

Lansforsakringar Fondforvaltning AB publ boosted its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 4.5% during the 3rd quarter, Holdings Channel reports. The firm owned 377,220 shares of the semiconductor company’s stock after acquiring an additional 16,257 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Marvell Technology were worth $31,713,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in MRVL. Atlantic Edge Private Wealth Management LLC grew its holdings in shares of 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 valued at $27,000 after buying an additional 200 shares during the last quarter. Nova Wealth Management Inc. lifted its position in Marvell Technology by 3,922.2% during the 3rd quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 353 shares during the period. Westside Investment Management Inc. lifted its position in Marvell Technology by 62.5% during the 2nd quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 160 shares during the period. N.E.W. Advisory Services LLC purchased a new stake in Marvell Technology during the 2nd quarter valued at about $32,000. Finally, Cary Street Partners Investment Advisory LLC purchased a new position in shares of Marvell Technology in the second quarter worth about $34,000. Hedge funds and other 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 research reports. Evercore upped their target price on Marvell Technology from $122.00 to $156.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. Royal Bank Of Canada began coverage on shares of Marvell Technology in a report on Wednesday, January 14th. They issued an “outperform” rating and a $105.00 price objective on the stock. Roth Mkm raised their target price on shares of Marvell Technology from $105.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. TD Cowen restated a “hold” rating on shares of Marvell Technology in a research report on Wednesday, December 3rd. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $100.00 price target on shares of Marvell Technology in a research report on Tuesday, February 17th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.16.

Marvell Technology Stock Down 0.2%

MRVL stock opened at $79.48 on Friday. The firm has a market cap of $69.24 billion, a PE ratio of 27.89, a P/E/G ratio of 0.62 and a beta of 1.97. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.01. The firm’s fifty day moving average is $82.31 and its 200 day moving average is $81.81. Marvell Technology, Inc. has a one year low of $47.08 and a one year high of $109.75.

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 net margin of 31.75% and a return on equity of 13.15%. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the prior year, the firm posted $0.43 earnings per share. The company’s revenue was up 36.8% compared to the same quarter last year. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. On average, research analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Stockholders of record on Friday, January 9th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, January 9th. Marvell Technology’s dividend payout ratio is presently 8.42%.

Insider Transactions at Marvell Technology

In related news, EVP Mark Casper sold 5,000 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $93.08, for a total value of $465,400.00. Following the completion of the sale, the executive vice president owned 19,418 shares of the company’s stock, valued at approximately $1,807,427.44. The trade was a 20.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.19% of the company’s stock.

Marvell Technology Company 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.