Marvell Technology, Inc. $MRVL Stake Lifted by Kimelman & Baird LLC

Kimelman & Baird LLC boosted its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 207.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 246,641 shares of the semiconductor company’s stock after buying an additional 166,326 shares during the period. Marvell Technology accounts for approximately 1.6% of Kimelman & Baird LLC’s investment portfolio, making the stock its 23rd largest holding. Kimelman & Baird LLC’s holdings in Marvell Technology were worth $20,735,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in MRVL. Trifecta Capital Advisors LLC increased its holdings in shares of Marvell Technology by 8.8% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 1,430 shares of the semiconductor company’s stock worth $120,000 after acquiring an additional 116 shares during the period. GAMMA Investing LLC increased its stake in shares of Marvell Technology by 1.7% in the third quarter. GAMMA Investing LLC now owns 7,306 shares of the semiconductor company’s stock valued at $614,000 after purchasing an additional 122 shares during the period. FSM Wealth Advisors LLC raised its holdings in shares of Marvell Technology by 4.4% during the third quarter. FSM Wealth Advisors LLC now owns 2,939 shares of the semiconductor company’s stock valued at $247,000 after buying an additional 123 shares during the last quarter. Faithward Advisors LLC boosted its position in shares of Marvell Technology by 2.1% during the third quarter. Faithward Advisors LLC now owns 6,242 shares of the semiconductor company’s stock worth $525,000 after buying an additional 126 shares during the period. Finally, Meeder Asset Management Inc. grew its holdings in Marvell Technology by 30.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 557 shares of the semiconductor company’s stock worth $47,000 after buying an additional 130 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors.

Marvell Technology Trading Down 0.9%

Shares of NASDAQ:MRVL opened at $90.79 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.58 and a current ratio of 2.01. The stock has a market capitalization of $79.38 billion, a price-to-earnings ratio of 29.48, a PEG ratio of 0.83 and a beta of 1.97. Marvell Technology, Inc. has a 1-year low of $47.08 and a 1-year high of $102.77. The company has a 50 day moving average price of $81.78 and a 200 day moving average price of $83.02.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings results on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.01. Marvell Technology had a return on equity of 14.22% and a net margin of 32.58%.The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter in the prior year, the company earned $0.60 earnings per share. The firm’s revenue was up 22.1% on a year-over-year basis. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. On average, research analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Insider Activity at Marvell Technology

In related news, EVP Mark Casper sold 5,000 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $93.08, for a total value of $465,400.00. Following the completion of the transaction, the executive vice president owned 19,418 shares in the company, valued at $1,807,427.44. This trade represents a 20.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.33% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Craig Hallum lifted their target price on Marvell Technology from $141.00 to $164.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Susquehanna reissued a “positive” rating on shares of Marvell Technology in a report on Tuesday, February 24th. Barclays lifted their price objective on shares of Marvell Technology from $80.00 to $105.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 3rd. Piper Sandler set a $110.00 price objective on shares of Marvell Technology in a report on Wednesday, December 3rd. Finally, Bank of America upgraded shares of Marvell Technology from a “neutral” rating to a “buy” rating and increased their target price for the company from $90.00 to $110.00 in a research report on Friday, March 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.24.

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.