Glenview Trust Co Sells 20,722 Shares of Marvell Technology, Inc. $MRVL

Glenview Trust Co cut its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 6.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 312,324 shares of the semiconductor company’s stock after selling 20,722 shares during the quarter. Glenview Trust Co’s holdings in Marvell Technology were worth $26,257,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Intech Investment Management LLC boosted its stake in shares of Marvell Technology by 3.9% in the 1st quarter. Intech Investment Management LLC now owns 28,784 shares of the semiconductor company’s stock valued at $1,772,000 after purchasing an additional 1,085 shares in the last quarter. Yousif Capital Management LLC lifted its stake in Marvell Technology by 3.4% in the 2nd quarter. Yousif Capital Management LLC now owns 15,563 shares of the semiconductor company’s stock valued at $1,205,000 after purchasing an additional 506 shares during the last quarter. Allianz Asset Management GmbH boosted its position in Marvell Technology by 116.9% in the second quarter. Allianz Asset Management GmbH now owns 278,065 shares of the semiconductor company’s stock valued at $21,522,000 after buying an additional 149,855 shares in the last quarter. Private Trust Co. NA grew its stake in shares of Marvell Technology by 12.0% during the second quarter. Private Trust Co. NA now owns 4,204 shares of the semiconductor company’s stock worth $325,000 after buying an additional 451 shares during the last quarter. Finally, Stratos Wealth Partners LTD. increased its holdings in shares of Marvell Technology by 16.6% during the second quarter. Stratos Wealth Partners LTD. now owns 23,787 shares of the semiconductor company’s stock worth $1,841,000 after buying an additional 3,395 shares in the last quarter. Institutional investors own 83.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on MRVL shares. Weiss Ratings reissued a “hold (c)” rating on shares of Marvell Technology in a report on Monday, December 29th. The Goldman Sachs Group increased their target price on Marvell Technology from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Wednesday, December 3rd. Needham & Company LLC reduced their price target on Marvell Technology from $120.00 to $118.00 and set a “buy” rating on the stock in a report on Tuesday, February 3rd. Benchmark reaffirmed a “hold” rating on shares of Marvell Technology in a research note on Tuesday, February 3rd. Finally, Oppenheimer reiterated an “outperform” rating and issued a $150.00 price objective (up previously from $115.00) on shares of Marvell Technology in a report on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, Marvell Technology currently has an average rating of “Moderate Buy” and an average price target of $115.16.

Marvell Technology Price Performance

Shares of MRVL opened at $78.61 on Tuesday. The business has a 50-day moving average of $83.08 and a 200-day moving average of $81.76. 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 company has a market capitalization of $66.60 billion, a price-to-earnings ratio of 27.58, a price-to-earnings-growth ratio of 0.62 and a beta of 1.97. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $112.50.

Marvell Technology (NASDAQ:MRVL) last released its earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 36.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.43 EPS. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. As a group, equities research analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Announces Dividend

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

Insider Buying and Selling

In other news, EVP Mark Casper sold 5,000 shares of Marvell Technology stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $93.08, for a total value of $465,400.00. Following the completion of the transaction, 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 legal filing with the SEC, which is accessible through this link. Company insiders own 0.33% of the company’s stock.

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.