SBI Securities Co. Ltd. Purchases 18,349 Shares of Marvell Technology, Inc. $MRVL

SBI Securities Co. Ltd. grew its position in Marvell Technology, Inc. (NASDAQ:MRVLFree Report) by 53.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 52,824 shares of the semiconductor company’s stock after buying an additional 18,349 shares during the period. SBI Securities Co. Ltd.’s holdings in Marvell Technology were worth $4,441,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MRVL. Game Plan Financial Advisors LLC acquired a new position in Marvell Technology during the 2nd quarter valued at about $27,000. Atlantic Edge Private Wealth Management LLC lifted its holdings in Marvell Technology by 160.0% in the third 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. Kiker Wealth Management LLC lifted its holdings in Marvell Technology by 374.7% in the second quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 281 shares during the period. Nova Wealth Management Inc. boosted its stake 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 acquiring an additional 353 shares during the last quarter. Finally, Westside Investment Management Inc. grew its holdings in Marvell Technology by 62.5% during the 2nd quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 160 shares during the period. Institutional investors and hedge funds own 83.51% of the company’s stock.

Marvell Technology Price Performance

NASDAQ MRVL opened at $73.73 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.01. The stock has a market cap of $62.53 billion, a price-to-earnings ratio of 25.87, a PEG ratio of 0.56 and a beta of 1.97. The business has a 50 day simple moving average of $85.37 and a 200 day simple moving average of $81.50. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $121.81.

Marvell Technology (NASDAQ:MRVLGet Free Report) last released its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.02. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the prior year, the company earned $0.43 earnings per share. The business’s quarterly 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. Analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The company also recently declared 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 payout ratio is 8.42%.

Insider Buying and Selling at Marvell Technology

In related news, EVP Mark Casper sold 5,000 shares of the stock in a transaction dated Monday, January 5th. The stock was 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 directly owned 19,418 shares in the company, valued at approximately $1,807,427.44. This trade represents a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.19% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on MRVL shares. Citigroup reduced their price target on Marvell Technology from $114.00 to $113.00 and set a “buy” rating on the stock in a research report on Tuesday. Royal Bank Of Canada started coverage on Marvell Technology in a research note on Wednesday, January 14th. They issued an “outperform” rating and a $105.00 target price on the stock. Oppenheimer restated an “outperform” rating and set a $150.00 target price (up previously from $115.00) on shares of Marvell Technology in a report on Wednesday, December 3rd. Melius Research raised Marvell Technology from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a research note on Monday, January 5th. Finally, The Goldman Sachs Group increased their price target on shares of Marvell Technology from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Wednesday, December 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and twelve have assigned 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 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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