Handelsbanken Fonder AB Buys 70,264 Shares of Marvell Technology, Inc. $MRVL

Handelsbanken Fonder AB lifted its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 15.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 535,150 shares of the semiconductor company’s stock after purchasing an additional 70,264 shares during the period. Handelsbanken Fonder AB owned 0.06% of Marvell Technology worth $44,990,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Atlantic Edge Private Wealth Management LLC raised its position in shares of Marvell Technology by 160.0% in the 3rd quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 200 shares in the last quarter. Nova Wealth Management Inc. lifted its stake in shares of Marvell Technology by 3,922.2% in the third quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company’s stock worth $30,000 after buying an additional 353 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new stake in Marvell Technology during the 2nd quarter valued at $32,000. Westside Investment Management Inc. boosted its position in shares of Marvell Technology by 62.5% during the second quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 160 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC bought a new stake in shares of Marvell Technology in the second quarter worth approximately $34,000. 83.51% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Mark Casper sold 5,000 shares of the stock in a transaction dated 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 directly owned 19,418 shares in the company, valued at $1,807,427.44. This represents a 20.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.19% of the stock is owned by corporate insiders.

Marvell Technology Stock Performance

Shares of MRVL opened at $81.69 on Friday. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month high of $102.77. The firm has a market cap of $71.17 billion, a PE ratio of 28.66, a P/E/G ratio of 0.64 and a beta of 1.97. The company has a current ratio of 2.01, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. The stock has a fifty day moving average price of $81.90 and a 200-day moving average price of $81.88.

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 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 business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same period in the prior year, the company earned $0.43 earnings per share. The company’s 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. 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 business also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Investors of record on Friday, January 9th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, January 9th. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. Marvell Technology’s dividend payout ratio (DPR) is currently 8.42%.

Analyst Ratings Changes

MRVL has been the topic of several recent research reports. Wells Fargo & Company increased their price objective on shares of Marvell Technology from $90.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 3rd. KeyCorp upped their price objective on Marvell Technology from $90.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 3rd. TD Cowen restated a “hold” rating on shares of Marvell Technology in a research report on Tuesday. Evercore boosted their target price on shares of Marvell Technology from $122.00 to $156.00 and gave the stock an “outperform” rating in a report on Wednesday, December 3rd. Finally, UBS Group lifted their price target on Marvell Technology from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $115.31.

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.