GPS Wealth Strategies Group LLC Sells 18,807 Shares of Marvell Technology, Inc. $MRVL

GPS Wealth Strategies Group LLC trimmed its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 71.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,383 shares of the semiconductor company’s stock after selling 18,807 shares during the period. GPS Wealth Strategies Group LLC’s holdings in Marvell Technology were worth $621,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Intech Investment Management LLC boosted its position in Marvell Technology by 3.9% during the first quarter. Intech Investment Management LLC now owns 28,784 shares of the semiconductor company’s stock worth $1,772,000 after purchasing an additional 1,085 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of Marvell Technology by 1.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 134,492 shares of the semiconductor company’s stock worth $10,410,000 after buying an additional 2,094 shares during the last quarter. Capital Investment Advisors LLC bought a new stake in shares of Marvell Technology during the 2nd quarter worth about $230,000. Park Place Capital Corp grew its stake in Marvell Technology by 1,781.5% in the 2nd quarter. Park Place Capital Corp now owns 508 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 481 shares during the last quarter. Finally, PFG Investments LLC raised its holdings in Marvell Technology by 2.6% in the 2nd quarter. PFG Investments LLC now owns 6,757 shares of the semiconductor company’s stock valued at $523,000 after acquiring an additional 174 shares during the period. 83.51% of the stock is owned by institutional investors and hedge funds.

Marvell Technology Stock Down 2.7%

MRVL stock opened at $81.34 on Friday. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $121.81. The business has a 50-day simple moving average of $85.88 and a 200 day simple moving average of $81.32. The company has a quick ratio of 1.64, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. The company has a market cap of $68.98 billion, a PE ratio of 28.54, a price-to-earnings-growth ratio of 0.81 and a beta of 1.95.

Marvell Technology (NASDAQ:MRVL) last announced 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 firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.06 billion. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The business’s revenue for the quarter was up 36.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 earnings per share. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. Sell-side analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group boosted their price objective on Marvell Technology from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. HSBC started coverage on Marvell Technology in a research note on Monday, November 24th. They issued a “hold” rating and a $85.00 price target for the company. Zacks Research downgraded Marvell Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Hsbc Global Res raised shares of Marvell Technology to a “hold” rating in a research report on Monday, November 24th. Finally, Craig Hallum reaffirmed a “buy” rating and set a $141.00 price target on shares of Marvell Technology in a research report on Wednesday, December 3rd. Three investment 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 stock. According to MarketBeat, Marvell Technology has a consensus rating of “Moderate Buy” and an average price target of $115.09.

Insider Buying and Selling at Marvell Technology

In other news, EVP Mark Casper sold 5,000 shares of Marvell Technology stock in a transaction on Monday, January 5th. The stock was sold at an average price of $93.08, for a total value of $465,400.00. Following the transaction, the executive vice president owned 19,418 shares in the company, valued at approximately $1,807,427.44. This trade represents a 20.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.19% of the company’s stock.

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.