Hilltop National Bank Buys 20,085 Shares of Marvell Technology, Inc. $MRVL

Hilltop National Bank lifted its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 3,239.5% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 20,705 shares of the semiconductor company’s stock after buying an additional 20,085 shares during the quarter. Hilltop National Bank’s holdings in Marvell Technology were worth $1,741,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of MRVL. Country Club Bank boosted its holdings in shares of Marvell Technology by 71.2% during the third quarter. Country Club Bank now owns 110,187 shares of the semiconductor company’s stock worth $9,078,000 after acquiring an additional 45,824 shares during the period. Carr Financial Group Corp acquired a new stake in Marvell Technology during the 3rd quarter worth approximately $210,000. Accel Wealth Management bought a new stake in Marvell Technology in the 3rd quarter valued at $325,000. Montecito Bank & Trust acquired a new position in Marvell Technology in the 3rd quarter valued at $232,000. Finally, Norway Savings Bank increased its position in Marvell Technology by 39.9% during the 3rd quarter. Norway Savings Bank now owns 13,745 shares of the semiconductor company’s stock worth $1,156,000 after buying an additional 3,920 shares during the period. Institutional investors and hedge funds own 83.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MRVL. JPMorgan Chase & Co. boosted their target price on shares of Marvell Technology from $120.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, December 3rd. Needham & Company LLC boosted their price objective on shares of Marvell Technology from $95.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Zacks Research upgraded shares of Marvell Technology from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 5th. Cowen reiterated a “hold” rating on shares of Marvell Technology in a research report on Wednesday, December 3rd. Finally, Cantor Fitzgerald set a $100.00 price target on Marvell Technology in a research report on Tuesday. Four research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.25.

Insider Transactions at Marvell Technology

In related news, COO Chris Koopmans acquired 6,800 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The stock was acquired at an average price of $78.03 per share, with a total value of $530,604.00. Following the purchase, the chief operating officer directly owned 104,825 shares in the company, valued at approximately $8,179,494.75. This trade represents a 6.94% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Willem A. Meintjes bought 3,400 shares of the business’s stock in a transaction on Thursday, September 25th. The stock was bought at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the transaction, the chief financial officer directly owned 132,159 shares of the company’s stock, valued at approximately $10,312,366.77. This represents a 2.64% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have purchased 27,200 shares of company stock valued at $2,109,632. 0.19% of the stock is owned by company insiders.

Marvell Technology Stock Up 3.4%

Shares of MRVL opened at $84.47 on Friday. Marvell Technology, Inc. has a one year low of $47.08 and a one year high of $127.48. The company has a market cap of $71.64 billion, a P/E ratio of 29.64, a P/E/G ratio of 0.79 and a beta of 1.93. 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 firm has a 50 day simple moving average of $87.75 and a two-hundred day simple moving average of $78.74.

Marvell Technology (NASDAQ:MRVL) last issued 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. 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 for the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter last year, the business posted $0.43 EPS. The company’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. Research analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 29th. Shareholders of record on Friday, January 9th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is 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%.

Marvell Technology announced that its board has authorized a stock buyback plan on Wednesday, September 24th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to reacquire up to 7.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

Marvell Technology Company Profile

Marvell Technology, Inc, together with its subsidiaries, provides data infrastructure semiconductor solutions, spanning the data center core to network edge. The company develops and scales complex System-on-a-Chip architectures, integrating analog, mixed-signal, and digital signal processing functionality.