IMA Advisory Services Inc. Purchases New Position in Marvell Technology, Inc. $MRVL

IMA Advisory Services Inc. bought a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 23,354 shares of the semiconductor company’s stock, valued at approximately $1,963,000.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Marvell Technology by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 64,443,232 shares of the semiconductor company’s stock valued at $4,987,906,000 after purchasing an additional 673,110 shares during the last quarter. Brown Advisory Inc. increased its position in Marvell Technology by 8.0% during the second quarter. Brown Advisory Inc. now owns 20,840,336 shares of the semiconductor company’s stock worth $1,613,044,000 after buying an additional 1,539,809 shares during the last quarter. State Street Corp raised its holdings in Marvell Technology by 2.7% during the second quarter. State Street Corp now owns 20,573,260 shares of the semiconductor company’s stock valued at $1,592,370,000 after buying an additional 533,946 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Marvell Technology by 16.4% during the second quarter. Ameriprise Financial Inc. now owns 10,406,875 shares of the semiconductor company’s stock valued at $805,473,000 after buying an additional 1,464,571 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Marvell Technology in the second quarter worth about $716,713,000. 83.51% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Marvell Technology news, EVP Mark Casper sold 5,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 19,418 shares in the company, valued at approximately $1,807,427.44. This trade represents a 20.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.19% of the stock is currently owned by company insiders.

Marvell Technology Price Performance

NASDAQ:MRVL opened at $78.23 on Friday. 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 one year low of $47.08 and a one year high of $112.50. The company has a fifty day moving average price of $83.75 and a 200 day moving average price of $81.71. The stock has a market cap of $66.28 billion, a P/E ratio of 27.45, a PEG ratio of 0.64 and a beta of 1.97.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.06 billion. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The business’s quarterly revenue was up 36.8% on a year-over-year basis. During the same period last year, the business posted $0.43 EPS. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. Analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Friday, January 9th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, January 9th. This represents a $0.24 annualized dividend and a yield of 0.3%. Marvell Technology’s dividend payout ratio is 8.42%.

Wall Street Analyst Weigh In

MRVL has been the topic of a number of analyst reports. Morgan Stanley set a $112.00 price objective on Marvell Technology in a report on Wednesday, December 3rd. B. Riley Financial reiterated a “buy” rating and set a $130.00 price target (up previously from $100.00) on shares of Marvell Technology in a report on Wednesday, December 3rd. Barclays lifted their price target on shares of Marvell Technology from $80.00 to $105.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 3rd. Summit Insights upgraded shares of Marvell Technology from a “hold” rating to a “buy” rating in a report on Wednesday, December 3rd. Finally, Evercore boosted their target price on shares of Marvell Technology from $122.00 to $156.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Marvell Technology presently has an average rating of “Moderate Buy” and an average target price of $115.16.

Marvell Technology Company Profile

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.