GPS Wealth Strategies Group LLC Sells 6,670 Shares of Marvell Technology, Inc. $MRVL

GPS Wealth Strategies Group LLC lowered its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 90.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 713 shares of the semiconductor company’s stock after selling 6,670 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in Marvell Technology were worth $61,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of MRVL. Laurel Wealth Advisors LLC bought a new stake in shares of Marvell Technology in the fourth quarter worth $25,000. Elyxium Wealth LLC bought a new stake in shares of Marvell Technology in the fourth quarter worth $40,000. Strive Asset Management LLC bought a new stake in Marvell Technology during the third quarter valued at about $42,000. Whittier Trust Co. of Nevada Inc. grew its holdings in Marvell Technology by 98.0% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 493 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 244 shares during the period. Finally, Avalon Trust Co grew its holdings in Marvell Technology by 70.6% during the third quarter. Avalon Trust Co now owns 650 shares of the semiconductor company’s stock valued at $55,000 after purchasing an additional 269 shares during the period. Institutional investors own 83.51% of the company’s stock.

Marvell Technology Price Performance

Shares of Marvell Technology stock opened at $196.33 on Friday. The stock’s 50-day simple moving average is $134.82 and its 200-day simple moving average is $102.04. Marvell Technology, Inc. has a 52 week low of $58.61 and a 52 week high of $198.40. The company has a market capitalization of $176.17 billion, a price-to-earnings ratio of 63.74, a PEG ratio of 1.64 and a beta of 2.25. The company has a quick ratio of 1.58, a current ratio of 2.01 and a debt-to-equity ratio of 0.28.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Thursday, March 5th. The semiconductor company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.79 by $0.01. Marvell Technology had a return on equity of 14.22% and a net margin of 32.58%.The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same period in the previous year, the business earned $0.60 earnings per share. The business’s revenue was up 22.1% on a year-over-year basis. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. As a group, analysts expect that Marvell Technology, Inc. will post 3.04 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Friday, April 10th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Friday, April 10th. Marvell Technology’s payout ratio is presently 7.79%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MRVL. Deutsche Bank Aktiengesellschaft set a $120.00 price target on Marvell Technology in a report on Tuesday, February 10th. TD Cowen boosted their price target on Marvell Technology from $90.00 to $190.00 and gave the company a “hold” rating in a report on Friday, May 15th. Craig Hallum boosted their price target on Marvell Technology from $141.00 to $164.00 and gave the company a “buy” rating in a report on Friday, March 6th. Needham & Company LLC cut their price target on Marvell Technology from $120.00 to $118.00 and set a “buy” rating for the company in a report on Tuesday, February 3rd. Finally, Evercore reissued an “outperform” rating and set a $155.00 price target on shares of Marvell Technology in a report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Marvell Technology presently has an average rating of “Moderate Buy” and a consensus price target of $143.76.

Insiders Place Their Bets

In other news, CEO Matthew J. Murphy sold 30,000 shares of the business’s stock in a transaction dated Thursday, March 26th. The stock was sold at an average price of $98.70, for a total value of $2,961,000.00. Following the transaction, the chief executive officer directly owned 310,106 shares in the company, valued at $30,607,462.20. The trade was a 8.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark Casper sold 10,854 shares of the business’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $107.01, for a total value of $1,161,486.54. Following the completion of the transaction, the executive vice president owned 4,023 shares in the company, valued at $430,501.23. The trade was a 72.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 245,060 shares of company stock valued at $29,901,072. Insiders own 0.19% of the company’s stock.

More Marvell Technology News

Here are the key news stories impacting Marvell Technology this week:

• Positive Sentiment: Analysts turned more constructive on Marvell, including Stifel raising its price target from $140 to $210 and Wells Fargo/citi also boosting forecasts, signaling strong confidence in the company’s AI-chip demand. What Is Going On With Marvell Stock On Friday?
• Positive Sentiment: Investor enthusiasm is being driven by Marvell’s exposure to custom AI silicon for major customers like Amazon Trainium and Microsoft Maia, which is fueling expectations for strong growth heading into earnings on May 27. What Is Going On With Marvell Stock On Friday?
• Positive Sentiment: Shares are also benefiting from a broader bid in chip stocks and reports of heavy institutional buying, adding momentum to the stock’s recent record run. See How Big Money, AI Push Marvell Higher
• Neutral Sentiment: With Q1 earnings approaching, investors are focused on whether Marvell can keep delivering on AI-driven data center demand and custom silicon growth, but competition remains a watch point. MRVL to Post Q1 Earnings: Time to Buy, Sell or Hold the Stock?

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.