Vista Cima Wealth Management LLC Acquires Shares of 5,599 Marvell Technology, Inc. $MRVL

Vista Cima Wealth Management LLC acquired a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,599 shares of the semiconductor company’s stock, valued at approximately $345,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MRVL. Bank Pictet & Cie Europe AG boosted its stake in Marvell Technology by 0.7% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 66,710 shares of the semiconductor company’s stock valued at $7,368,000 after acquiring an additional 460 shares during the last quarter. OMERS ADMINISTRATION Corp raised its holdings in Marvell Technology by 20.0% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 36,005 shares of the semiconductor company’s stock worth $3,977,000 after purchasing an additional 6,009 shares during the period. Nuveen Asset Management LLC raised its holdings in Marvell Technology by 232.2% in the fourth quarter. Nuveen Asset Management LLC now owns 9,360,425 shares of the semiconductor company’s stock worth $1,033,859,000 after purchasing an additional 6,543,132 shares during the period. NorthRock Partners LLC raised its holdings in Marvell Technology by 9.0% in the fourth quarter. NorthRock Partners LLC now owns 6,479 shares of the semiconductor company’s stock worth $716,000 after purchasing an additional 534 shares during the period. Finally, Nicholas Investment Partners LP acquired a new stake in Marvell Technology in the fourth quarter worth $542,000. 83.51% of the stock is owned by institutional investors.

Insider Activity

In other news, CAO Panteha Dixon sold 1,283 shares of Marvell Technology stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $68.50, for a total value of $87,885.50. Following the completion of the transaction, the chief accounting officer owned 29,572 shares of the company’s stock, valued at $2,025,682. This trade represents a 4.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mark Casper sold 3,000 shares of Marvell Technology stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $72.35, for a total transaction of $217,050.00. Following the completion of the transaction, the executive vice president directly owned 17,163 shares of the company’s stock, valued at approximately $1,241,743.05. This trade represents a 14.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,783 shares of company stock valued at $407,716 in the last quarter. Company insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Marvell Technology from $100.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, May 30th. KeyCorp cut their target price on shares of Marvell Technology from $115.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, May 30th. Needham & Company LLC cut their target price on shares of Marvell Technology from $85.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, August 29th. Zacks Research lowered shares of Marvell Technology from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 26th. Finally, Barclays restated an “overweight” rating and set a $80.00 price objective on shares of Marvell Technology in a report on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $90.50.

Marvell Technology Stock Up 0.4%

Shares of MRVL stock opened at $67.10 on Thursday. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48. The firm’s fifty day moving average price is $72.89 and its two-hundred day moving average price is $68.45. The firm has a market capitalization of $57.85 billion, a P/E ratio of -516.15, a PEG ratio of 0.81 and a beta of 1.85.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.67. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the business earned $0.30 EPS. The company’s revenue was up 57.6% compared to the same quarter last year. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, equities analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Friday, July 11th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, July 11th. Marvell Technology’s dividend payout ratio (DPR) is -184.62%.

About Marvell Technology

Marvell Technology, Inc, together with its subsidiaries, provides data infrastructure semiconductor solutions, spanning the data center core to network edge. The company develops and scales complex System-on-a-Chip architectures, integrating analog, mixed-signal, and digital signal processing functionality.