Kera Capital Partners Inc. Takes Position in Marvell Technology, Inc. $MRVL

Kera Capital Partners Inc. acquired a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVLFree Report) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 2,826 shares of the semiconductor company’s stock, valued at approximately $223,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MRVL. Laurel Wealth Advisors LLC bought a new position in shares of Marvell Technology in the fourth quarter worth $25,000. Jessup Wealth Management Inc acquired a new position in shares of Marvell Technology during the fourth quarter valued at $25,000. Cherry Tree Wealth Management LLC bought a new stake in shares of Marvell Technology during the fourth quarter valued at about $26,000. Ankerstar Wealth LLC bought a new stake in shares of Marvell Technology during the fourth quarter valued at about $34,000. Finally, Elyxium Wealth LLC acquired a new stake in Marvell Technology in the fourth quarter worth about $40,000. 83.51% of the stock is owned by institutional investors.

Insider Activity

In other Marvell Technology news, EVP Mark Casper sold 10,000 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $135.50, for a total value of $1,355,000.00. Following the completion of the transaction, the executive vice president directly owned 35,878 shares in the company, valued at $4,861,469. This trade represents a 21.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Matthew J. Murphy sold 7,500 shares of Marvell Technology stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $177.26, for a total transaction of $1,329,450.00. Following the completion of the transaction, the chief executive officer directly owned 739,397 shares in the company, valued at approximately $131,065,512.22. This trade represents a 1.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 257,291 shares of company stock worth $32,627,131. 0.12% of the stock is owned by company insiders.

Marvell Technology Stock Performance

MRVL opened at $307.86 on Tuesday. The company has a quick ratio of 2.66, a current ratio of 3.28 and a debt-to-equity ratio of 0.27. The firm has a market cap of $269.32 billion, a PE ratio of 105.43, a P/E/G ratio of 2.03 and a beta of 2.29. The business has a fifty day simple moving average of $205.26 and a 200-day simple moving average of $128.57. Marvell Technology, Inc. has a fifty-two week low of $61.44 and a fifty-two week high of $329.88.

Marvell Technology (NASDAQ:MRVLGet Free Report) last announced its earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.80. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same period in the previous year, the firm earned $0.62 earnings per share. Marvell Technology’s revenue for the quarter was up 27.6% compared to the same quarter last year. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. As a group, equities analysts predict that Marvell Technology, Inc. will post 3.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MRVL has been the subject of a number of recent analyst reports. Citigroup increased their target price on shares of Marvell Technology from $118.00 to $215.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $240.00 price target on shares of Marvell Technology in a research note on Friday, June 12th. Cantor Fitzgerald increased their price objective on shares of Marvell Technology from $190.00 to $220.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Bank of America increased their price objective on shares of Marvell Technology from $200.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Finally, Stifel Nicolaus set a $321.00 price objective on shares of Marvell Technology in a research note on Tuesday, June 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $228.71.

View Our Latest Analysis on MRVL

Marvell Technology News Summary

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

Marvell Technology 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.

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

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