AE Wealth Management LLC Acquires 19,379 Shares of Marvell Technology, Inc. $MRVL

AE Wealth Management LLC grew its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 27.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,329 shares of the semiconductor company’s stock after acquiring an additional 19,379 shares during the period. AE Wealth Management LLC’s holdings in Marvell Technology were worth $7,510,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Atlantic Edge Private Wealth Management LLC grew its holdings in Marvell Technology by 160.0% during the 3rd quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 200 shares in the last quarter. Game Plan Financial Advisors LLC purchased a new position in Marvell Technology during the second quarter valued at $27,000. Kiker Wealth Management LLC increased its holdings in Marvell Technology by 374.7% in the 2nd quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 281 shares during the last quarter. Nova Wealth Management Inc. boosted its holdings in shares of Marvell Technology by 3,922.2% during the 3rd quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 353 shares during the last quarter. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Marvell Technology during the 2nd quarter valued at about $32,000. Institutional investors own 83.51% of the company’s stock.

Marvell Technology Trading Down 3.0%

Shares of MRVL opened at $78.92 on Friday. The company’s fifty day simple moving average is $85.91 and its 200-day simple moving average is $81.37. The company has a market cap of $66.93 billion, a P/E ratio of 27.69, a P/E/G ratio of 0.79 and a beta of 1.95. The company has a current ratio of 2.01, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve month high of $121.81.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings results 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 net margin of 31.75% and a return on equity of 13.15%. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the prior year, the firm posted $0.43 EPS. The firm’s revenue was up 36.8% compared to the same quarter last year. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. As a group, analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MRVL shares. Roth Mkm boosted their target price on Marvell Technology from $105.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Citigroup reaffirmed a “buy” rating on shares of Marvell Technology in a report on Monday, December 22nd. Oppenheimer reissued an “outperform” rating and issued a $150.00 target price (up from $115.00) on shares of Marvell Technology in a report on Wednesday, December 3rd. TD Cowen reaffirmed a “hold” rating on shares of Marvell Technology in a research note on Wednesday, December 3rd. Finally, B. Riley reiterated a “buy” rating and set a $130.00 price objective (up previously from $100.00) on shares of Marvell Technology 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.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $115.09.

Insider Transactions at Marvell Technology

In other Marvell Technology news, EVP Mark Casper sold 5,000 shares of the company’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $93.08, for a total value of $465,400.00. Following the transaction, the executive vice president owned 19,418 shares of the company’s stock, valued at $1,807,427.44. This represents a 20.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.19% of the stock is currently owned by insiders.

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.