7,083 Shares in Marvell Technology, Inc. $MRVL Purchased by MSH Capital Advisors LLC

MSH Capital Advisors LLC purchased a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 7,083 shares of the semiconductor company’s stock, valued at approximately $1,894,000.

Several other hedge funds have also added to or reduced their stakes in MRVL. Cornerstone Advisory LLC bought a new position in Marvell Technology during the third quarter worth $533,000. Ibex Wealth Advisors acquired a new position in shares of Marvell Technology in the third quarter valued at $528,000. Condor Capital Management bought a new position in shares of Marvell Technology in the third quarter valued at about $1,411,000. Diversified Trust Co bought a new position in shares of Marvell Technology in the third quarter valued at about $2,169,000. Finally, BankPlus Trust Department bought a new position in shares of Marvell Technology in the third quarter valued at about $406,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

Insiders Place Their Bets

In related news, COO Chris Koopmans sold 10,000 shares of the business’s stock in a transaction 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 transaction, the chief operating officer owned 202,800 shares in the company, valued at $37,917,516. The trade was a 4.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Murphy sold 7,500 shares of the stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $223.39, for a total transaction of $1,675,425.00. Following the transaction, the chief executive officer directly owned 775,686 shares in the company, valued at $173,280,495.54. This trade represents a 0.96% 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 a total of 57,285 shares of company stock valued at $12,901,763 in the last ninety days. 0.12% of the stock is owned by corporate insiders.

Marvell Technology Price Performance

Shares of Marvell Technology stock traded down $7.69 during trading on Friday, reaching $156.76. 23,635,159 shares of the company’s stock were exchanged, compared to its average volume of 30,097,846. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.62 and a current ratio of 3.17. Marvell Technology, Inc. has a 1-year low of $70.68 and a 1-year high of $329.88. The company has a market cap of $137.46 billion, a P/E ratio of 51.74, a PEG ratio of 4.91 and a beta of 2.32. The firm’s 50-day moving average price is $229.21 and its 200 day moving average price is $186.17.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings data on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, beating 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 prior year, the firm earned $0.67 EPS. The firm’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. As a group, research analysts anticipate that Marvell Technology, Inc. will post 3.05 earnings per share for the current year.

Marvell Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 29th. Shareholders of record on Friday, October 9th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, October 9th. This represents a $0.24 annualized dividend and a yield of 0.2%. Marvell Technology’s payout ratio is 7.92%.

Top Marvell Technology Stories

These are some of the MRVL stories that stood out recently:

• Positive Sentiment: Three new independent directors expand Marvell’s board from seven members to ten, bringing additional technology, finance, and operating experience as the company prepares for a major optical-networking deal. Read More.
• Neutral Sentiment: Investors have upcoming catalysts in the SC26 showcase and Marvell’s Dec. 1 earnings report. The company’s AI infrastructure opportunity is attracting attention, but recent coverage also flags competitive risks and uncertainty about how quickly potential growth opportunities will translate into results. Read More.
• Negative Sentiment: Reports of NVIDIA CEO Jensen Huang’s departure and security scrutiny have unsettled semiconductor stocks. Although uncertainty at NVIDIA could create openings for rivals, concerns about tighter export controls and industry-wide compliance costs add risk for Marvell and other chipmakers. Read More.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group restated a “neutral” rating and set a $270.00 target price on shares of Marvell Technology in a research note on Wednesday, October 7th. Wells Fargo & Company decreased their price target 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. DA Davidson set a $225.00 price target on shares of Marvell Technology in a research note on Tuesday, August 18th. TD Cowen cut shares of Marvell Technology from a “buy” rating to a “hold” rating and lowered their price target for the company from $350.00 to $175.00 in a report on Tuesday, November 3rd. Finally, Cantor Fitzgerald cut their price objective on shares of Marvell Technology from $350.00 to $225.00 and set a “neutral” rating for the company in a research report on Tuesday, November 3rd. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $300.09.

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.