CFM Wealth Partners LLC Makes New Investment in Marvell Technology, Inc. $MRVL

CFM Wealth Partners LLC purchased a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the third quarter, Holdings Channel reports. The fund purchased 37,027 shares of the semiconductor company’s stock, valued at approximately $9,783,000. Marvell Technology accounts for approximately 1.2% of CFM Wealth Partners LLC’s portfolio, making the stock its 22nd biggest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Maryland State Retirement & Pension System acquired a new position in Marvell Technology during the 3rd quarter worth about $14,031,000. UNIVEST FINANCIAL Corp acquired a new position in Marvell Technology in the 3rd quarter valued at about $449,000. NBH Bank acquired a new position in Marvell Technology in the 3rd quarter valued at about $992,000. Joel Isaacson & Co. LLC acquired a new position in Marvell Technology in the 3rd quarter valued at about $1,122,000. Finally, Jacobi Capital Management LLC purchased a new stake in Marvell Technology during the third quarter worth about $1,091,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MRVL. Morgan Stanley increased their price target on shares of Marvell Technology from $268.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 7th. TD Cowen lowered shares of Marvell Technology from a “buy” rating to a “hold” rating and lowered their price objective for the company from $350.00 to $175.00 in a research note on Tuesday, November 3rd. HC Wainwright restated a “buy” rating on shares of Marvell Technology in a report on Tuesday, August 25th. Bank of America downgraded shares of Marvell Technology from a “buy” rating to a “neutral” rating and cut their target price for the stock from $400.00 to $225.00 in a research note on Tuesday, November 3rd. Finally, Evercore reaffirmed an “outperform” rating and set a $433.00 target price on shares of Marvell Technology in a research note on Tuesday, October 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Marvell Technology has a consensus rating of “Moderate Buy” and a consensus target price of $300.09.

Marvell Technology Stock Performance

Shares of MRVL opened at $168.80 on Thursday. The company has a quick ratio of 2.62, a current ratio of 3.17 and a debt-to-equity ratio of 0.27. Marvell Technology, Inc. has a 52-week low of $70.68 and a 52-week high of $329.88. The stock has a 50 day moving average price of $231.09 and a 200 day moving average price of $185.39. The company has a market capitalization of $148.02 billion, a price-to-earnings ratio of 55.71, a price-to-earnings-growth ratio of 4.61 and a beta of 2.32.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.01. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter in the previous year, the firm earned $0.67 EPS. The company’s revenue was up 36.5% compared to the same quarter last year. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Research analysts predict that Marvell Technology, Inc. will post 3.05 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Friday, October 9th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.1%. The ex-dividend date was Friday, October 9th. Marvell Technology’s dividend payout ratio (DPR) is currently 7.92%.

Insider Activity at Marvell Technology

In other Marvell Technology news, insider Sandeep Bharathi sold 3,685 shares of the firm’s stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $234.97, for a total transaction of $865,864.45. Following the transaction, the insider owned 58,748 shares of the company’s stock, valued at approximately $13,804,017.56. This trade represents a 5.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Chris Koopmans sold 10,000 shares of the firm’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $186.97, for a total value of $1,869,700.00. Following the transaction, the chief operating officer directly owned 202,800 shares in the company, valued at approximately $37,917,516. The trade was a 4.70% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 57,285 shares of company stock valued at $12,901,763 in the last ninety days. 0.12% of the stock is currently owned by insiders.

Key Headlines Impacting Marvell Technology

Here are a few of the latest headlines about MRVL:

• Positive Sentiment: A broad rebound in AI-linked stocks provided the main near-term lift, with investors buying the dip after last week’s sector weakness. Marvell’s exposure to data-center chips and optical connectivity added to the appeal. Article: What’s Going On With Marvell Technology Stock Wednesday?
• Positive Sentiment: The proposed Lumentum acquisition could combine Marvell’s silicon capabilities with optical technology for AI data centers. Marvell has touted stronger long-term growth and more than $1 billion in annual run-rate cost synergies. Article: Marvell Jumps as AI Chip Rally Returns and Lumentum Deal Stays in Focus
• Negative Sentiment: Quiver reported that Marvell insiders made no open-market purchases and recorded 17 sales over the past six months. This may weigh on sentiment, although insider sales alone do not establish a negative outlook. Article: Marvell Jumps as AI Chip Rally Returns and Lumentum Deal Stays in Focus

Marvell Technology Profile

Marvell Technology is a fabless semiconductor company that develops data infrastructure chips and related technologies. Its products include networking and Ethernet chips, storage controllers, processors, optical and connectivity solutions, and custom silicon used in data centers, carrier networks, enterprise systems, and other applications. The company’s products help move, store, process, and secure data across cloud and telecommunications infrastructure. Marvell serves customers around the world, including equipment makers and technology companies that incorporate its semiconductors into their systems.