Stonehage Fleming Financial Services Holdings Ltd Trims Position in Marvell Technology, Inc. $MRVL

Stonehage Fleming Financial Services Holdings Ltd decreased its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 54.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,963 shares of the semiconductor company’s stock after selling 7,179 shares during the quarter. Stonehage Fleming Financial Services Holdings Ltd’s holdings in Marvell Technology were worth $501,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Ellsworth Advisors LLC purchased a new position in shares of Marvell Technology during the 3rd quarter valued at about $5,864,000. Waterfront Wealth Inc. increased its holdings in Marvell Technology by 21.5% in the 2nd quarter. Waterfront Wealth Inc. now owns 18,394 shares of the semiconductor company’s stock worth $1,424,000 after acquiring an additional 3,258 shares in the last quarter. BOCHK Asset Management Ltd bought a new stake in Marvell Technology during the 2nd quarter worth approximately $1,486,000. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in Marvell Technology by 1,292.1% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 389,809 shares of the semiconductor company’s stock valued at $32,656,000 after purchasing an additional 361,807 shares in the last quarter. Finally, Norges Bank purchased a new position in Marvell Technology during the second quarter valued at approximately $716,713,000. 83.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MRVL shares. Morgan Stanley set a $112.00 price objective on shares of Marvell Technology in a research note on Wednesday, December 3rd. Craig Hallum reiterated a “buy” rating and issued a $141.00 price target on shares of Marvell Technology in a research note on Wednesday, December 3rd. KeyCorp raised their price target on Marvell Technology from $90.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, December 3rd. The Goldman Sachs Group boosted their price objective on Marvell Technology from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Wednesday, December 3rd. Finally, Jefferies Financial Group upped their price objective on Marvell Technology from $80.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, Marvell Technology has an average rating of “Moderate Buy” and an average target price of $115.09.

Insider Activity at Marvell Technology

In other Marvell Technology news, EVP Mark Casper sold 5,000 shares of Marvell Technology stock in a transaction on Monday, January 5th. The shares were 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 trade represents a 20.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.33% of the stock is owned by insiders.

Marvell Technology Price Performance

NASDAQ:MRVL opened at $82.93 on Wednesday. The business’s 50-day moving average is $85.74 and its 200 day moving average is $81.31. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month high of $121.81. The company has a market capitalization of $70.33 billion, a P/E ratio of 29.10, a P/E/G ratio of 0.79 and a beta of 1.95. The company has a current ratio of 2.01, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings data on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The business had revenue of $2.07 billion for 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 company’s revenue was up 36.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. On average, equities research analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 29th. Shareholders of record on Friday, January 9th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, January 9th. This represents a $0.24 annualized dividend and a yield of 0.3%. Marvell Technology’s dividend payout ratio (DPR) is 8.42%.

About Marvell Technology

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.