RFG Advisory LLC Sells 21,854 Shares of Marvell Technology, Inc. $MRVL

RFG Advisory LLC decreased its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 45.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 26,275 shares of the semiconductor company’s stock after selling 21,854 shares during the quarter. RFG Advisory LLC’s holdings in Marvell Technology were worth $2,209,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Intech Investment Management LLC lifted its position in shares of Marvell Technology by 3.9% in the first quarter. Intech Investment Management LLC now owns 28,784 shares of the semiconductor company’s stock worth $1,772,000 after purchasing an additional 1,085 shares in the last quarter. Concurrent Investment Advisors LLC increased its stake in Marvell Technology by 96.9% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 20,048 shares of the semiconductor company’s stock valued at $1,552,000 after buying an additional 9,864 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in Marvell Technology by 5.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 80,445 shares of the semiconductor company’s stock worth $6,227,000 after buying an additional 4,117 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Marvell Technology by 5.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,594,600 shares of the semiconductor company’s stock worth $121,572,000 after acquiring an additional 81,032 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its holdings in shares of Marvell Technology by 3.4% in the 2nd quarter. Yousif Capital Management LLC now owns 15,563 shares of the semiconductor company’s stock valued at $1,205,000 after buying an additional 506 shares during the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Marvell Technology Stock Down 0.4%

Shares of NASDAQ MRVL opened at $82.01 on Wednesday. The company has a quick ratio of 1.64, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. The firm has a market cap of $69.48 billion, a PE ratio of 28.78, a P/E/G ratio of 0.63 and a beta of 1.97. The company’s fifty day simple moving average is $84.53 and its 200 day simple moving average is $81.74. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $112.50.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.02. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.06 billion. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The business’s quarterly revenue was up 36.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 earnings per share. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. As a group, sell-side analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

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

Insider Activity at Marvell Technology

In other news, EVP Mark Casper sold 5,000 shares of the business’s stock in a transaction dated 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 sale, the executive vice president directly owned 19,418 shares of the company’s stock, valued at $1,807,427.44. The trade was a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.33% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MRVL. Summit Insights upgraded Marvell Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, December 3rd. Zacks Research downgraded Marvell Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Barclays upped their price target on shares of Marvell Technology from $80.00 to $105.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 3rd. Stifel Nicolaus lifted their price target on shares of Marvell Technology from $95.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Finally, B. Riley Financial reaffirmed a “buy” rating and issued a $130.00 price objective (up from $100.00) on shares of Marvell Technology in a research note on Wednesday, December 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Marvell Technology has a consensus rating of “Moderate Buy” and an average target price of $115.16.

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.