Stratos Wealth Partners LTD. Acquires 11,297 Shares of Marvell Technology, Inc. $MRVL

Stratos Wealth Partners LTD. grew its holdings in Marvell Technology, Inc. (NASDAQ:MRVLFree Report) by 40.0% during the 4th quarter, Holdings Channel reports. The fund owned 39,514 shares of the semiconductor company’s stock after buying an additional 11,297 shares during the period. Stratos Wealth Partners LTD.’s holdings in Marvell Technology were worth $3,358,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Fearless Solutions LLC dba Best Invest raised its position in Marvell Technology by 8.9% in the fourth quarter. Fearless Solutions LLC dba Best Invest now owns 2,734 shares of the semiconductor company’s stock worth $232,000 after acquiring an additional 224 shares during the period. American National Bank & Trust raised its position in Marvell Technology by 299.4% in the fourth quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock worth $61,000 after acquiring an additional 542 shares during the period. Analyst IMS Investment Management Services Ltd. bought a new position in Marvell Technology in the fourth quarter worth approximately $1,700,000. Perigon Wealth Management LLC raised its position in Marvell Technology by 11.9% in the fourth quarter. Perigon Wealth Management LLC now owns 17,467 shares of the semiconductor company’s stock worth $1,484,000 after acquiring an additional 1,851 shares during the period. Finally, Aberdeen Group plc raised its position in Marvell Technology by 4.2% in the fourth quarter. Aberdeen Group plc now owns 1,491,701 shares of the semiconductor company’s stock worth $126,765,000 after acquiring an additional 59,685 shares during the period. 83.51% of the stock is currently owned by institutional investors.

Marvell Technology Stock Performance

Shares of NASDAQ MRVL opened at $109.51 on Tuesday. The firm has a fifty day moving average price of $85.95 and a 200-day moving average price of $86.00. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.58. The stock has a market cap of $95.76 billion, a PE ratio of 35.56, a price-to-earnings-growth ratio of 0.97 and a beta of 1.83. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $111.89.

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

Marvell Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Friday, April 10th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, April 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.2%. Marvell Technology’s dividend payout ratio is currently 7.79%.

Trending Headlines about Marvell Technology

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

Insider Buying and Selling

In related news, EVP Mark Casper sold 10,854 shares of the company’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $107.01, for a total transaction of $1,161,486.54. Following the completion of the transaction, the executive vice president owned 4,023 shares in the company, valued at approximately $430,501.23. This represents a 72.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Matthew J. Murphy sold 30,000 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer owned 310,106 shares of the company’s stock, valued at approximately $30,607,462.20. This represents a 8.82% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 92,268 shares of company stock worth $9,282,335. 0.19% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on MRVL shares. JPMorgan Chase & Co. increased their price target on shares of Marvell Technology from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, March 6th. Wall Street Zen downgraded shares of Marvell Technology from a “buy” rating to a “hold” rating in a research report on Sunday, March 15th. Craig Hallum increased their price target on shares of Marvell Technology from $141.00 to $164.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Susquehanna reiterated a “positive” rating on shares of Marvell Technology in a research report on Tuesday, February 24th. Finally, Benchmark reissued a “buy” rating and issued a $130.00 price objective on shares of Marvell Technology in a research note on Tuesday, March 31st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $117.24.

Read Our Latest Research Report on MRVL

Marvell Technology Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Marvell Technology (NASDAQ:MRVL)

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