Vanguard Group Inc. Purchases 15,166,976 Shares of Marvell Technology, Inc. $MRVL

Vanguard Group Inc. grew its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 23.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,610,208 shares of the semiconductor company’s stock after buying an additional 15,166,976 shares during the quarter. Vanguard Group Inc. owned approximately 9.23% of Marvell Technology worth $6,692,830,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of MRVL. Atlantic Edge Private Wealth Management LLC grew its position in 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 worth $27,000 after acquiring an additional 200 shares during the last quarter. Nova Wealth Management Inc. raised its position in Marvell Technology by 3,922.2% in the 3rd 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 last quarter. Westside Investment Management Inc. boosted its stake in Marvell Technology by 62.5% in the second quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 160 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in Marvell Technology in the second quarter worth $32,000. Finally, Cary Street Partners Investment Advisory LLC bought a new stake in shares of Marvell Technology during the second quarter worth $34,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Mark Casper sold 5,000 shares of Marvell Technology stock in a transaction that occurred 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 transaction, the executive vice president 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.33% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on MRVL shares. Evercore upped their price target on shares of Marvell Technology from $122.00 to $156.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 3rd. Wells Fargo & Company boosted their target price on shares of Marvell Technology from $90.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 3rd. JPMorgan Chase & Co. increased their price target on shares of Marvell Technology from $120.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, December 3rd. Zacks Research cut shares of Marvell Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Citigroup decreased their price objective on Marvell Technology from $114.00 to $113.00 and set a “buy” rating on the stock in a research report on Tuesday, February 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Marvell Technology has a consensus rating of “Moderate Buy” and a consensus target price of $115.16.

Marvell Technology Stock Performance

Shares of Marvell Technology stock opened at $78.61 on Tuesday. The firm has a fifty day moving average of $83.08 and a two-hundred day moving average of $81.76. 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 capitalization of $66.60 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 0.62 and a beta of 1.97. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $112.50.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.06 billion. Marvell Technology had a return on equity of 13.15% and a net margin of 31.75%.The firm’s revenue was up 36.8% on a year-over-year basis. During the same period last year, the company earned $0.43 EPS. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. As a group, equities research analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Investors of record on Friday, January 9th were given 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 currently 8.42%.

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.