Marvell Technology, Inc. $MRVL Shares Sold by Hager Investment Management Services LLC

Hager Investment Management Services LLC reduced its position in shares of Marvell Technology, Inc. (NASDAQ:MRVLFree Report) by 47.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 24,860 shares of the semiconductor company’s stock after selling 22,485 shares during the quarter. Hager Investment Management Services LLC’s holdings in Marvell Technology were worth $2,090,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Atlantic Edge Private Wealth Management LLC raised its position in shares of Marvell Technology by 160.0% during the 3rd quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 200 shares during the period. Nova Wealth Management Inc. raised its position in Marvell Technology by 3,922.2% in the third quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 353 shares during the period. Westside Investment Management Inc. lifted its stake in shares of Marvell Technology by 62.5% in the 2nd quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 160 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of Marvell Technology during the 2nd quarter worth about $32,000. Finally, Cary Street Partners Investment Advisory LLC purchased a new stake in Marvell Technology in the 2nd quarter valued at about $34,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Marvell Technology Trading Up 3.2%

MRVL opened at $80.92 on Thursday. The business has a fifty day moving average price of $82.06 and a 200 day moving average price of $81.87. 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, Inc. has a 12 month low of $47.08 and a 12 month high of $102.77. The stock has a market capitalization of $70.50 billion, a price-to-earnings ratio of 28.39, a PEG ratio of 0.62 and a beta of 1.97.

Marvell Technology (NASDAQ:MRVLGet Free Report) last posted its quarterly 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 company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter last year, the company earned $0.43 EPS. Marvell Technology’s revenue for the quarter 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 expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

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

Insider Activity

In related news, EVP Mark Casper sold 5,000 shares of the business’s stock in a transaction 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 transaction, the executive vice president owned 19,418 shares in the company, valued at approximately $1,807,427.44. The trade was a 20.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on MRVL shares. Piper Sandler set a $110.00 target price on shares of Marvell Technology in a research note on Wednesday, December 3rd. Barclays lifted their target price on shares of Marvell Technology from $80.00 to $105.00 and gave the company an “equal weight” rating in a report on Wednesday, December 3rd. Susquehanna restated a “positive” rating on shares of Marvell Technology in a research report on Tuesday. UBS Group boosted their price objective on Marvell Technology from $115.00 to $120.00 and gave the company a “buy” rating in a report on Monday. Finally, Raymond James Financial restated a “strong-buy” rating on shares of Marvell Technology in a report on Tuesday, January 6th. 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 data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $115.31.

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Marvell Technology Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Marvell Technology (NASDAQ:MRVL)

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