Marvell Technology, Inc. $MRVL Shares Acquired by Punch & Associates Investment Management Inc.

Punch & Associates Investment Management Inc. lifted its position in shares of Marvell Technology, Inc. (NASDAQ:MRVLFree Report) by 80.6% during the first quarter, Holdings Channel reports. The firm owned 140,137 shares of the semiconductor company’s stock after acquiring an additional 62,545 shares during the quarter. Punch & Associates Investment Management Inc.’s holdings in Marvell Technology were worth $13,881,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Laurel Wealth Advisors LLC purchased a new position in Marvell Technology during the 4th quarter worth approximately $25,000. Hilton Head Capital Partners LLC increased its position in Marvell Technology by 978.3% during the first quarter. Hilton Head Capital Partners LLC now owns 248 shares of the semiconductor company’s stock worth $25,000 after buying an additional 225 shares during the period. Jessup Wealth Management Inc purchased a new stake in Marvell Technology in the fourth quarter valued at approximately $25,000. Cherry Tree Wealth Management LLC purchased a new stake in Marvell Technology in the fourth quarter valued at approximately $26,000. Finally, MidFirst Bank purchased a new stake in Marvell Technology in the fourth quarter valued at approximately $28,000. 83.51% of the stock is owned by hedge funds and other institutional investors.

More Marvell Technology News

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

Insider Activity

In other Marvell Technology news, COO Chris Koopmans sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $281.92, for a total transaction of $2,819,200.00. Following the transaction, the chief operating officer owned 227,754 shares in the company, valued at approximately $64,208,407.68. The trade was a 4.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandeep Bharathi sold 2,231 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $299.13, for a total value of $667,359.03. Following the transaction, the insider owned 55,530 shares in the company, valued at $16,610,688.90. The trade was a 3.86% decrease in their position. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 45,981 shares of company stock valued at $9,835,542 over the last ninety days. 0.12% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MRVL has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $240.00 target price on shares of Marvell Technology in a research report on Thursday, May 28th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $360.00 price target on shares of Marvell Technology in a research report on Tuesday, July 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Marvell Technology in a research note on Wednesday, June 24th. Roth Capital increased their price target on shares of Marvell Technology from $135.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Finally, Compass Point set a $190.00 price objective on shares of Marvell Technology in a research report on Tuesday, May 26th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Marvell Technology currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.45.

Check Out Our Latest Stock Report on Marvell Technology

Marvell Technology Stock Performance

Shares of MRVL opened at $194.23 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.66 and a current ratio of 3.28. The stock has a market capitalization of $169.91 billion, a P/E ratio of 66.52, a P/E/G ratio of 1.31 and a beta of 2.20. The company’s fifty day moving average is $243.42 and its two-hundred day moving average is $153.16. Marvell Technology, Inc. has a 1 year low of $61.44 and a 1 year high of $329.88.

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

Marvell Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Friday, July 10th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Friday, July 10th. Marvell Technology’s dividend payout ratio is currently 8.22%.

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.

Featured Stories

Want to see what other hedge funds are holding MRVL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marvell Technology, Inc. (NASDAQ:MRVLFree Report).

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

Receive News & Ratings for Marvell Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marvell Technology and related companies with MarketBeat.com's FREE daily email newsletter.