Coastal Bridge Advisors LLC Has $277,000 Stake in Marvell Technology, Inc. $MRVL

Coastal Bridge Advisors LLC reduced its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 95.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,300 shares of the semiconductor company’s stock after selling 70,840 shares during the period. Coastal Bridge Advisors LLC’s holdings in Marvell Technology were worth $277,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Ellsworth Advisors LLC bought a new position in shares of Marvell Technology during the 3rd quarter worth approximately $5,864,000. Waterfront Wealth Inc. boosted its holdings in Marvell Technology by 21.5% during the second quarter. Waterfront Wealth Inc. now owns 18,394 shares of the semiconductor company’s stock worth $1,424,000 after purchasing an additional 3,258 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its position in Marvell Technology by 1,292.1% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 389,809 shares of the semiconductor company’s stock valued at $32,656,000 after purchasing an additional 361,807 shares in the last quarter. Norges Bank bought a new position in Marvell Technology in the second quarter valued at $716,713,000. Finally, Triton Financial Group Inc acquired a new stake in Marvell Technology in the 2nd quarter valued at $1,543,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

Insider Buying and Selling at Marvell Technology

In related news, EVP Mark Casper sold 5,000 shares of Marvell Technology stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 19,418 shares of the company’s stock, valued at approximately $1,807,427.44. This trade represents a 20.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.19% of the company’s stock.

Marvell Technology Trading Down 3.0%

Shares of Marvell Technology stock opened at $78.92 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.64. The business has a fifty day simple moving average of $85.91 and a two-hundred day simple moving average of $81.37. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $121.81. The company has a market capitalization of $66.93 billion, a price-to-earnings ratio of 27.69, a P/E/G ratio of 0.79 and a beta of 1.95.

Marvell Technology (NASDAQ:MRVL) last issued 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 company 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 company’s revenue was up 36.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 earnings per share. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. Research analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

The company also recently announced 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 of this dividend 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 presently 8.42%.

Analyst Ratings Changes

MRVL has been the subject of a number of 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. TD Cowen reissued a “hold” rating on shares of Marvell Technology in a research report on Wednesday, December 3rd. Jefferies Financial Group boosted their price target on Marvell Technology from $80.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Evercore ISI increased their price objective on Marvell Technology from $122.00 to $156.00 and gave the company an “outperform” rating in a report on Wednesday, December 3rd. Finally, KeyCorp boosted their target price on shares of Marvell Technology from $90.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, December 3rd. Three analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $115.09.

Marvell Technology Company 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.