National Wealth Management Group LLC Makes New Investment in Marvell Technology, Inc. $MRVL

National Wealth Management Group LLC bought a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 10,986 shares of the semiconductor company’s stock, valued at approximately $924,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Ellsworth Advisors LLC acquired a new stake in Marvell Technology during the 3rd quarter worth approximately $5,864,000. Taylor Frigon Capital Management LLC raised its stake in Marvell Technology by 16.5% in the second quarter. Taylor Frigon Capital Management LLC now owns 33,605 shares of the semiconductor company’s stock valued at $2,601,000 after purchasing an additional 4,748 shares in the last quarter. Waterfront Wealth Inc. grew its stake in Marvell Technology by 21.5% during the second quarter. Waterfront Wealth Inc. now owns 18,394 shares of the semiconductor company’s stock worth $1,424,000 after buying an additional 3,258 shares in the last quarter. BOCHK Asset Management Ltd bought a new position in Marvell Technology in the 2nd quarter valued at about $1,486,000. Finally, OVERSEA CHINESE BANKING Corp Ltd raised its position in shares of Marvell Technology by 1,292.1% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 389,809 shares of the semiconductor company’s stock valued at $32,656,000 after buying an additional 361,807 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MRVL has been the topic of a number of recent analyst reports. UBS Group set a $100.00 price objective on shares of Marvell Technology in a research note on Wednesday, December 3rd. KeyCorp upped their price objective on Marvell Technology from $90.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 3rd. TD Cowen reissued a “hold” rating on shares of Marvell Technology in a research note on Wednesday, December 3rd. Piper Sandler set a $110.00 target price on shares of Marvell Technology in a research note on Wednesday, December 3rd. Finally, Craig Hallum reiterated a “buy” rating and set a $141.00 target price 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 assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $115.09.

Marvell Technology Price Performance

MRVL stock opened at $80.23 on Monday. The stock has a market capitalization of $68.04 billion, a PE ratio of 28.15, a price-to-earnings-growth ratio of 0.78 and a beta of 1.95. The company’s 50-day moving average is $85.69 and its 200-day moving average is $81.17. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.64. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.20.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings data on Tuesday, December 2nd. The semiconductor company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. Marvell Technology had a return on equity of 13.15% and a net margin of 31.75%.The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company’s quarterly 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. Equities research analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

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

Insider Buying and Selling

In related news, EVP Mark Casper sold 5,000 shares of Marvell Technology stock in a transaction 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 completion of the sale, the executive vice president owned 19,418 shares of the company’s stock, valued at approximately $1,807,427.44. This trade represents a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.33% of the company’s stock.

About Marvell Technology

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.