Westbourne Investments Inc. Acquires 17,695 Shares of Marvell Technology, Inc. $MRVL

Westbourne Investments Inc. raised its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 442.4% during the second quarter, Holdings Channel reports. The institutional investor owned 21,695 shares of the semiconductor company’s stock after buying an additional 17,695 shares during the quarter. Westbourne Investments Inc.’s holdings in Marvell Technology were worth $1,679,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MRVL. Bank Pictet & Cie Europe AG raised its holdings in shares of 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 purchasing an additional 460 shares during the last quarter. Man Group plc raised its holdings in shares of Marvell Technology by 95.9% in the fourth quarter. Man Group plc now owns 56,652 shares of the semiconductor company’s stock valued at $6,257,000 after purchasing an additional 27,734 shares during the last quarter. Toronto Dominion Bank raised its holdings in shares of Marvell Technology by 18.4% in the fourth quarter. Toronto Dominion Bank now owns 147,803 shares of the semiconductor company’s stock valued at $16,325,000 after purchasing an additional 22,937 shares during the last quarter. Two Sigma Advisers LP raised its holdings in shares of Marvell Technology by 1,868.3% in the fourth quarter. Two Sigma Advisers LP now owns 474,272 shares of the semiconductor company’s stock valued at $52,383,000 after purchasing an additional 450,176 shares during the last quarter. Finally, Visionary Wealth Advisors purchased a new stake in shares of Marvell Technology in the fourth quarter valued at about $257,000. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Insider Transactions at Marvell Technology

In other Marvell Technology news, EVP Mark Casper sold 3,000 shares of Marvell Technology stock in a transaction that occurred on 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 sale, the executive vice president directly owned 17,163 shares in the company, valued at $1,241,743.05. The trade was a 14.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.33% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MRVL. Melius downgraded shares of Marvell Technology from a “buy” rating to a “hold” rating and set a $66.00 target price for the company. in a report on Thursday, May 22nd. JPMorgan Chase & Co. decreased their price objective on shares of Marvell Technology from $130.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, August 29th. Wells Fargo & Company decreased their price objective on shares of Marvell Technology from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, August 29th. Redburn Atlantic started coverage on shares of Marvell Technology in a report on Wednesday, May 28th. They set a “neutral” rating and a $67.00 price objective for the company. Finally, UBS Group decreased their price objective on shares of Marvell Technology from $110.00 to $95.00 and set a “buy” rating for the company in a report on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $90.50.

Marvell Technology Price Performance

Marvell Technology stock opened at $68.86 on Wednesday. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $127.48. The business has a 50-day simple moving average of $72.42 and a 200 day simple moving average of $67.57. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. The stock has a market cap of $59.36 billion, a price-to-earnings ratio of -529.69, a PEG ratio of 0.81 and a beta of 1.85.

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

Marvell Technology Profile

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.