GPS Wealth Strategies Group LLC Has $621,000 Position in Marvell Technology, Inc. $MRVL

GPS Wealth Strategies Group LLC cut its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 71.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,383 shares of the semiconductor company’s stock after selling 18,807 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in Marvell Technology were worth $621,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in MRVL. GAMMA Investing LLC grew its stake in shares of Marvell Technology by 1.7% during the third quarter. GAMMA Investing LLC now owns 7,306 shares of the semiconductor company’s stock worth $614,000 after buying an additional 122 shares during the last quarter. FSM Wealth Advisors LLC boosted its holdings in shares of Marvell Technology by 4.4% during the 3rd quarter. FSM Wealth Advisors LLC now owns 2,939 shares of the semiconductor company’s stock valued at $247,000 after acquiring an additional 123 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of Marvell Technology by 30.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 557 shares of the semiconductor company’s stock valued at $47,000 after acquiring an additional 130 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its position in Marvell Technology by 1.8% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 7,353 shares of the semiconductor company’s stock worth $618,000 after acquiring an additional 133 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in Marvell Technology by 6.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,115 shares of the semiconductor company’s stock worth $164,000 after purchasing an additional 137 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Marvell Technology Price Performance

Shares of NASDAQ MRVL opened at $81.34 on Friday. The company has a market capitalization of $68.98 billion, a PE ratio of 28.54, a P/E/G ratio of 0.81 and a beta of 1.95. The company has a quick ratio of 1.64, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve month high of $121.81. The firm has a fifty day simple moving average of $85.88 and a 200 day simple moving average of $81.32.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Marvell Technology had a return on equity of 13.15% and a net margin of 31.75%.The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same period last year, the business posted $0.43 EPS. The business’s 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. On average, sell-side analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on MRVL shares. UBS Group set a $100.00 price target on Marvell Technology in a report on Wednesday, December 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Marvell Technology in a report on Monday, December 29th. Wells Fargo & Company raised their price target on shares of Marvell Technology from $90.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, December 3rd. JPMorgan Chase & Co. lifted their price target on shares of Marvell Technology from $120.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Marvell Technology from $90.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, Marvell Technology has a consensus rating of “Moderate Buy” and a consensus target price of $115.09.

Insider Activity

In other news, EVP Mark Casper sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were 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 owned 19,418 shares of the company’s stock, valued at $1,807,427.44. This trade represents a 20.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.19% 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.