Rhumbline Advisers Buys 8,783 Shares of Marvell Technology, Inc. $MRVL

Rhumbline Advisers increased its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 0.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 933,791 shares of the semiconductor company’s stock after acquiring an additional 8,783 shares during the quarter. Rhumbline Advisers owned about 0.11% of Marvell Technology worth $78,504,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of MRVL. Intech Investment Management LLC raised its position 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 in the last quarter. Concurrent Investment Advisors LLC raised its holdings in shares of Marvell Technology by 96.9% during the second quarter. Concurrent Investment Advisors LLC now owns 20,048 shares of the semiconductor company’s stock valued at $1,552,000 after acquiring an additional 9,864 shares in the last quarter. Yousif Capital Management LLC lifted its position in shares of Marvell Technology by 3.4% in the 2nd quarter. Yousif Capital Management LLC now owns 15,563 shares of the semiconductor company’s stock worth $1,205,000 after purchasing an additional 506 shares during the period. Sequoia Financial Advisors LLC grew its holdings in shares of Marvell Technology by 6.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 18,249 shares of the semiconductor company’s stock worth $1,412,000 after acquiring an additional 1,146 shares during the period. Finally, NorthRock Partners LLC lifted its position in Marvell Technology by 26.4% during the second quarter. NorthRock Partners LLC now owns 6,832 shares of the semiconductor company’s stock valued at $529,000 after buying an additional 1,429 shares during the period. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Marvell Technology

In related news, EVP Mark Casper sold 5,000 shares of the stock in a transaction that occurred 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 directly owned 19,418 shares of the company’s stock, valued at $1,807,427.44. This represents a 20.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

MRVL has been the topic of a number of recent research reports. Raymond James Financial reissued a “strong-buy” rating on shares of Marvell Technology in a research note on Tuesday, January 6th. TD Cowen reissued a “hold” rating on shares of Marvell Technology in a report on Wednesday, December 3rd. Craig Hallum restated a “buy” rating and set a $141.00 target price on shares of Marvell Technology in a research report on Wednesday, December 3rd. Wells Fargo & Company lifted their price target on shares of Marvell Technology from $90.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, December 3rd. Finally, Zacks Research lowered Marvell Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Two investment 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 company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.16.

Marvell Technology Stock Down 3.8%

Shares of NASDAQ MRVL opened at $78.23 on Friday. The firm has a fifty day moving average of $83.75 and a 200-day moving average of $81.71. The stock has a market capitalization of $66.28 billion, a PE ratio of 27.45, a P/E/G ratio of 0.64 and a beta of 1.97. The company has a quick ratio of 1.64, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $112.50.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.06 billion. Marvell Technology had a return on equity of 13.15% and a net margin of 31.75%.The firm’s quarterly revenue was up 36.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 EPS. 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 year.

Marvell Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 29th. Investors 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 of this dividend was Friday, January 9th. Marvell Technology’s dividend payout ratio (DPR) is 8.42%.

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.