First Bank & Trust Trims Holdings in Marvell Technology, Inc. $MRVL

First Bank & Trust lessened its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 20.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 24,164 shares of the semiconductor company’s stock after selling 6,040 shares during the period. First Bank & Trust’s holdings in Marvell Technology were worth $2,031,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in Marvell Technology during the 2nd quarter worth about $716,713,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of Marvell Technology by 4,758.5% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,036,216 shares of the semiconductor company’s stock worth $544,603,000 after purchasing an additional 6,891,393 shares in the last quarter. Amundi boosted its stake in shares of Marvell Technology by 113.4% in the second quarter. Amundi now owns 8,648,350 shares of the semiconductor company’s stock valued at $642,140,000 after purchasing an additional 4,596,309 shares during the period. Franklin Resources Inc. grew its holdings in shares of Marvell Technology by 112.4% in the second quarter. Franklin Resources Inc. now owns 8,097,620 shares of the semiconductor company’s stock valued at $626,756,000 after purchasing an additional 4,285,330 shares in the last quarter. Finally, Aspex Management HK Ltd purchased a new stake in Marvell Technology during the 2nd quarter worth approximately $324,736,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Marvell Technology Price Performance

Shares of NASDAQ MRVL opened at $84.09 on Friday. The stock’s 50-day simple moving average is $87.72 and its 200-day simple moving average is $79.01. The firm has a market capitalization of $71.32 billion, a PE ratio of 29.51, a price-to-earnings-growth ratio of 0.82 and a beta of 1.93. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week high of $127.48. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.01.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The company 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 firm posted $0.43 earnings per share. The firm’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. As a group, equities research analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 29th. Investors of record on Friday, January 9th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, January 9th. Marvell Technology’s dividend payout ratio (DPR) is currently 8.42%.

Marvell Technology announced that its board has authorized a stock buyback plan on Wednesday, September 24th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the semiconductor company to purchase up to 7.8% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several brokerages have commented on MRVL. Hsbc Global Res raised shares of Marvell Technology to a “hold” rating in a research report on Monday, November 24th. BNP Paribas raised Marvell Technology to a “strong-buy” rating in a research note on Friday, August 29th. Roth Capital increased their price target on Marvell Technology from $105.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. B. Riley reissued a “buy” rating and set a $130.00 price objective (up from $100.00) on shares of Marvell Technology in a research report on Wednesday, December 3rd. Finally, TD Cowen lifted their price target on shares of Marvell Technology from $90.00 to $100.00 and gave the stock a “hold” rating in a research note on Wednesday, December 3rd. Four analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $111.25.

Insider Transactions at Marvell Technology

In other news, CFO Willem A. Meintjes bought 3,400 shares of the business’s stock in a transaction dated Thursday, September 25th. The shares were acquired at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the completion of the transaction, the chief financial officer owned 132,159 shares of the company’s stock, valued at approximately $10,312,366.77. This trade represents a 2.64% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark Casper sold 1,253 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $101.00, for a total value of $126,553.00. Following the completion of the sale, the executive vice president directly owned 9,023 shares of the company’s stock, valued at approximately $911,323. This trade represents a 12.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders bought 27,200 shares of company stock valued at $2,109,632 over the last quarter. 0.19% of the stock is owned by corporate insiders.

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.