Lebenthal Global Advisors LLC Takes $1.45 Million Position in Marvell Technology, Inc. $MRVL

Lebenthal Global Advisors LLC acquired a new position in Marvell Technology, Inc. (NASDAQ:MRVL) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 17,295 shares of the semiconductor company’s stock, valued at approximately $1,454,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Intech Investment Management LLC lifted its stake in Marvell Technology by 3.9% during the 1st quarter. Intech Investment Management LLC now owns 28,784 shares of the semiconductor company’s stock valued at $1,772,000 after acquiring an additional 1,085 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Marvell Technology by 1.6% in the second quarter. Janney Montgomery Scott LLC now owns 134,492 shares of the semiconductor company’s stock worth $10,410,000 after acquiring an additional 2,094 shares during the period. Capital Investment Advisors LLC acquired a new stake in shares of Marvell Technology in the second quarter worth $230,000. PFG Investments LLC raised its holdings in shares of Marvell Technology by 2.6% during the second quarter. PFG Investments LLC now owns 6,757 shares of the semiconductor company’s stock worth $523,000 after purchasing an additional 174 shares during the last quarter. Finally, Hilltop National Bank acquired a new position in Marvell Technology during the second quarter valued at $48,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

Insider Activity

In other news, EVP Mark Casper sold 5,000 shares of the business’s stock in a transaction dated 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. The trade was a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.19% of the stock is currently owned by company insiders.

Marvell Technology Stock Down 3.0%

Marvell Technology stock opened at $78.92 on Friday. The stock has a market capitalization of $66.93 billion, a PE ratio of 27.69, a price-to-earnings-growth ratio of 0.79 and a beta of 1.95. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month high of $121.81. The business has a 50 day simple moving average of $85.91 and a 200-day simple moving average of $81.43. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.64.

Marvell Technology (NASDAQ:MRVL) last announced its earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share (EPS) 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 analyst estimates of $2.06 billion. During the same quarter last year, the firm posted $0.43 EPS. The business’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. On average, analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have commented on MRVL shares. UBS Group set a $100.00 price target on shares of Marvell Technology in a report on Wednesday, December 3rd. Cantor Fitzgerald set a $100.00 price objective on Marvell Technology in a report on Tuesday, December 16th. Zacks Research downgraded Marvell Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Barclays lifted their price target on Marvell Technology from $80.00 to $105.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 3rd. Finally, B. Riley reissued a “buy” rating and issued a $130.00 price target (up from $100.00) on shares of Marvell Technology in a report on Wednesday, December 3rd. Three research 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. According to MarketBeat.com, Marvell Technology currently has an average rating of “Moderate Buy” and a consensus price target of $115.09.

Marvell Technology Company 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.