Lebenthal Global Advisors LLC Takes Position in Marvell Technology, Inc. $MRVL

Lebenthal Global Advisors LLC acquired a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 17,295 shares of the semiconductor company’s stock, valued at approximately $1,454,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MRVL. Atlantic Edge Private Wealth Management LLC raised its holdings in shares of Marvell Technology by 160.0% in the 3rd quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 200 shares in the last quarter. Game Plan Financial Advisors LLC bought a new position in shares of Marvell Technology during the second quarter valued at approximately $27,000. Kiker Wealth Management LLC increased its holdings in Marvell Technology by 374.7% during the second quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 281 shares during the period. Nova Wealth Management Inc. raised its stake in Marvell Technology by 3,922.2% in the third quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company’s stock worth $30,000 after buying an additional 353 shares in the last quarter. Finally, N.E.W. Advisory Services LLC bought a new position in Marvell Technology in the second quarter worth approximately $32,000. 83.51% of the stock is currently owned by institutional investors.

Insider Activity at Marvell Technology

In other news, EVP Mark Casper sold 5,000 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $93.08, for a total transaction of $465,400.00. Following the sale, the executive vice president directly owned 19,418 shares of the company’s stock, valued at $1,807,427.44. The trade was a 20.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.19% of the company’s stock.

Marvell Technology Trading Down 3.0%

Marvell Technology stock opened at $78.92 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.01. The stock has a market cap of $66.93 billion, a PE ratio of 27.69, a price-to-earnings-growth ratio of 0.79 and a beta of 1.95. The stock has a 50-day moving average of $85.91 and a two-hundred day moving average of $81.43. Marvell Technology, Inc. has a one year low of $47.08 and a one year high of $121.81.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings data on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company’s revenue for the quarter was up 36.8% compared to the same quarter last year. During the same quarter 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. On average, research analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MRVL. Susquehanna set a $120.00 target price on Marvell Technology and gave the stock a “positive” rating in a report on Wednesday, December 3rd. Needham & Company LLC boosted their price target on Marvell Technology from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Zacks Research cut Marvell Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Jefferies Financial Group raised their price objective on Marvell Technology from $80.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Finally, Evercore ISI increased their price target on shares of Marvell Technology from $122.00 to $156.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, Marvell Technology presently has an average rating of “Moderate Buy” and a consensus price target of $115.09.

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.