Clal Insurance Enterprises Holdings Ltd Buys 19,549 Shares of Marvell Technology, Inc. $MRVL

Clal Insurance Enterprises Holdings Ltd increased its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 4.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 502,000 shares of the semiconductor company’s stock after purchasing an additional 19,549 shares during the period. Clal Insurance Enterprises Holdings Ltd owned approximately 0.06% of Marvell Technology worth $42,203,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Argent Trust Co raised its position in Marvell Technology by 24.2% during the 3rd quarter. Argent Trust Co now owns 10,612 shares of the semiconductor company’s stock valued at $892,000 after purchasing an additional 2,066 shares in the last quarter. 1ST Source Bank grew its stake in Marvell Technology by 47.8% during the 3rd quarter. 1ST Source Bank now owns 12,826 shares of the semiconductor company’s stock worth $1,078,000 after buying an additional 4,150 shares during the last quarter. Handelsbanken Fonder AB increased its position in Marvell Technology by 15.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 535,150 shares of the semiconductor company’s stock valued at $44,990,000 after buying an additional 70,264 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. increased its position in Marvell Technology by 109.0% during the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 1,000 shares of the semiconductor company’s stock valued at $82,000 after buying an additional 12,140 shares in the last quarter. Finally, Banco Santander S.A. boosted its holdings in Marvell Technology by 62.5% in the third quarter. Banco Santander S.A. now owns 439,783 shares of the semiconductor company’s stock worth $36,973,000 after acquiring an additional 169,187 shares in the last quarter. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Marvell Technology Stock Up 3.0%

Marvell Technology stock opened at $81.69 on Friday. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve month high of $102.77. The stock’s fifty day simple moving average is $81.90 and its 200-day simple moving average is $81.88. 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 firm has a market capitalization of $71.17 billion, a P/E ratio of 28.66, a P/E/G ratio of 0.64 and a beta of 1.97.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings data on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the prior year, the firm posted $0.43 EPS. The business’s quarterly revenue was up 36.8% compared to the same quarter last year. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. As a group, equities analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have issued reports on MRVL. Piper Sandler set a $110.00 price target on shares of Marvell Technology in a research note on Wednesday, December 3rd. B. Riley Financial reiterated a “buy” rating and issued a $130.00 price target (up from $100.00) on shares of Marvell Technology in a report on Wednesday, December 3rd. Susquehanna reaffirmed a “positive” rating on shares of Marvell Technology in a research report on Tuesday. Morgan Stanley set a $112.00 target price on shares of Marvell Technology in a research note on Wednesday, December 3rd. Finally, UBS Group increased their target price on shares of Marvell Technology from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, Marvell Technology has an average rating of “Moderate Buy” and an average target price of $115.31.

Insider Activity

In related news, EVP Mark Casper sold 5,000 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $93.08, for a total transaction of $465,400.00. Following the sale, the executive vice president owned 19,418 shares of the company’s stock, valued at $1,807,427.44. This trade represents a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.19% of the stock is owned by corporate insiders.

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.