8,109 Shares in Marvell Technology, Inc. $MRVL Bought by Moneco Advisors LLC

Moneco Advisors LLC acquired a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 8,109 shares of the semiconductor company’s stock, valued at approximately $2,143,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Coyle Financial Counsel LLC acquired a new stake in shares of Marvell Technology during the third quarter valued at $696,000. Birch Hill Investment Advisors LLC purchased a new stake in Marvell Technology during the 3rd quarter worth about $848,000. Merit Financial Group LLC increased its position in Marvell Technology by 22.9% during the 2nd quarter. Merit Financial Group LLC now owns 27,079 shares of the semiconductor company’s stock worth $8,067,000 after purchasing an additional 5,047 shares in the last quarter. Swiss National Bank raised its stake in Marvell Technology by 5.4% in the 1st quarter. Swiss National Bank now owns 2,489,003 shares of the semiconductor company’s stock valued at $246,536,000 after purchasing an additional 126,600 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC acquired a new position in Marvell Technology in the 3rd quarter valued at about $24,014,000. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Marvell Technology Stock Performance

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

Marvell Technology (NASDAQ:MRVL) last released its earnings results 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 return on equity of 13.57% and a net margin of 27.93%. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the prior year, the business posted $0.67 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts anticipate that Marvell Technology, Inc. will post 3.05 earnings per share for the current year.

Marvell Technology Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Oppenheimer restated an “outperform” rating and issued a $425.00 target price on shares of Marvell Technology in a report on Wednesday, October 7th. The Goldman Sachs Group reiterated a “neutral” rating and set a $270.00 price target on shares of Marvell Technology in a report on Wednesday, October 7th. Wolfe Research boosted their price objective on shares of Marvell Technology from $280.00 to $375.00 and gave the company an “outperform” rating in a research report on Wednesday, October 7th. JPMorgan Chase & Co. boosted their price objective on shares of Marvell Technology from $305.00 to $360.00 and gave the company an “overweight” rating in a research report on Wednesday, October 7th. Finally, Wells Fargo & Company reduced their price objective on shares of Marvell Technology from $365.00 to $285.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 3rd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $300.09.

Insider Activity at Marvell Technology

In related news, CAO Justin Scarpulla sold 1,100 shares of the firm’s stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $273.59, for a total value of $300,949.00. Following the sale, the chief accounting officer directly owned 909 shares of the company’s stock, valued at approximately $248,693.31. This trade represents a 54.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Chris Koopmans sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $186.97, for a total transaction of $1,869,700.00. Following the completion of the sale, the chief operating officer owned 202,800 shares of the company’s stock, valued at approximately $37,917,516. The trade was a 4.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 57,285 shares of company stock worth $12,901,763. 0.12% of the stock is owned by insiders.

Trending Headlines about Marvell Technology

Investors following MRVL have been watching these headlines:

• 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: The $115 billion all-stock Lumentum deal remains a substantial execution and valuation risk. A report citing merger specialists put the odds of closing at roughly 50%, while other coverage noted that Marvell’s valuation already assumes significant future growth. Article: Marvell’s $115 Billion Lumentum Deal Faces 50-50 Odds

Marvell Technology Company 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.