Marvell Technology, Inc. $MRVL Shares Sold by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. reduced its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 95.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 750 shares of the semiconductor company’s stock after selling 17,310 shares during the period. Pittenger & Anderson Inc.’s holdings in Marvell Technology were worth $63,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MRVL. Game Plan Financial Advisors LLC purchased a new position in shares of Marvell Technology in the 2nd quarter valued at $27,000. Atlantic Edge Private Wealth Management LLC lifted its position in Marvell Technology by 160.0% in the third quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 200 shares during the last quarter. Kiker Wealth Management LLC boosted its stake in Marvell Technology by 374.7% in the second quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 281 shares in the last quarter. Nova Wealth Management Inc. grew its holdings in shares of Marvell Technology by 3,922.2% during the third quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 353 shares during the last quarter. Finally, Westside Investment Management Inc. increased its position in shares of Marvell Technology by 62.5% during 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. 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 5,000 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was 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 in the company, valued at approximately $1,807,427.44. The trade was a 20.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

MRVL has been the subject of several research reports. Wells Fargo & Company boosted their target price on Marvell Technology from $90.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, December 3rd. Morgan Stanley set a $112.00 price objective on Marvell Technology in a research note on Wednesday, December 3rd. Piper Sandler set a $110.00 price objective on Marvell Technology in a report on Wednesday, December 3rd. Melius Research raised shares of Marvell Technology from a “hold” rating to a “buy” rating and set a $135.00 target price on the stock in a report on Monday, January 5th. Finally, TD Cowen reiterated a “hold” rating on shares of Marvell Technology in a research report on Wednesday, December 3rd. Three analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $115.09.

Marvell Technology Stock Performance

Shares of MRVL opened at $78.92 on Friday. The stock has a market capitalization of $66.93 billion, a P/E ratio of 27.69, a P/E/G ratio of 0.79 and a beta of 1.95. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.01. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $121.81. The company’s fifty day moving average is $85.91 and its two-hundred day moving average is $81.37.

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

Marvell Technology Dividend Announcement

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

Marvell Technology Company 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.