Kornitzer Capital Management Inc. KS Has $856,000 Stake in Marvell Technology, Inc. $MRVL

Kornitzer Capital Management Inc. KS lowered its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 39.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,181 shares of the semiconductor company’s stock after selling 6,510 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Marvell Technology were worth $856,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of MRVL. Intech Investment Management LLC grew its holdings in Marvell Technology by 3.9% during the first 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 during the period. Janney Montgomery Scott LLC boosted its position in shares of Marvell Technology by 1.6% during the second quarter. Janney Montgomery Scott LLC now owns 134,492 shares of the semiconductor company’s stock worth $10,410,000 after purchasing an additional 2,094 shares in the last quarter. Capital Investment Advisors LLC acquired a new position in shares of Marvell Technology in the 2nd quarter valued at $230,000. Park Place Capital Corp increased its position in shares of Marvell Technology by 1,781.5% in the 2nd quarter. Park Place Capital Corp now owns 508 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 481 shares in the last quarter. Finally, Broadway Wealth Solutions Inc. bought a new stake in shares of Marvell Technology in the 2nd quarter valued at $483,000. 83.51% of the stock is owned by institutional investors.

Marvell Technology Stock Up 0.8%

Shares of MRVL stock opened at $83.62 on Thursday. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $121.81. The stock has a market cap of $70.92 billion, a price-to-earnings ratio of 29.34, a PEG ratio of 0.80 and a beta of 1.95. The firm’s 50-day moving average is $85.79 and its 200-day moving average is $81.32. 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 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 for the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the previous year, the business earned $0.43 earnings per share. 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. Sell-side analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have weighed in on MRVL. Zacks Research lowered Marvell Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Cantor Fitzgerald set a $100.00 price objective on Marvell Technology in a research report on Tuesday, December 16th. KeyCorp increased their price objective on Marvell Technology from $90.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, December 3rd. Susquehanna set a $120.00 target price on Marvell Technology and gave the company a “positive” rating in a research report on Wednesday, December 3rd. Finally, B. Riley restated a “buy” rating and issued a $130.00 target price (up previously from $100.00) on shares of Marvell Technology in a research note on Wednesday, December 3rd. Three analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $115.09.

Insider Buying and Selling at Marvell Technology

In other news, EVP Mark Casper sold 5,000 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $93.08, for a total value of $465,400.00. Following the transaction, the executive vice president directly owned 19,418 shares of the company’s stock, valued at $1,807,427.44. This represents a 20.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.33% of the stock is owned by insiders.

About Marvell Technology

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.