NEOS Investment Management LLC Acquires 107,312 Shares of Marvell Technology, Inc. $MRVL

NEOS Investment Management LLC lifted its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 67.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 266,050 shares of the semiconductor company’s stock after buying an additional 107,312 shares during the period. NEOS Investment Management LLC’s holdings in Marvell Technology were worth $22,367,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Ellsworth Advisors LLC bought a new stake in shares of Marvell Technology during the third quarter worth $5,864,000. Waterfront Wealth Inc. lifted its position in Marvell Technology by 21.5% during the second quarter. Waterfront Wealth Inc. now owns 18,394 shares of the semiconductor company’s stock valued at $1,424,000 after acquiring an additional 3,258 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in Marvell Technology by 1,292.1% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 389,809 shares of the semiconductor company’s stock valued at $32,656,000 after acquiring an additional 361,807 shares in the last quarter. Norges Bank purchased a new position in Marvell Technology in the second quarter worth $716,713,000. Finally, Triton Financial Group Inc acquired a new position in shares of Marvell Technology during the second quarter worth $1,543,000. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Evercore lifted their price objective on shares of Marvell Technology from $122.00 to $156.00 and gave the company an “outperform” rating in a research note on Wednesday, December 3rd. Oppenheimer restated an “outperform” rating and set a $150.00 target price (up from $115.00) on shares of Marvell Technology in a research report on Wednesday, December 3rd. Benchmark restated a “hold” rating on shares of Marvell Technology in a report on Tuesday, February 3rd. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Marvell Technology in a report on Tuesday, January 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Marvell Technology in a research note on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, Marvell Technology has a consensus rating of “Moderate Buy” and an average price target of $115.16.

Insiders Place Their Bets

In other news, EVP Mark Casper sold 5,000 shares of the firm’s stock in a transaction dated 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 directly owned 19,418 shares in the company, valued at $1,807,427.44. This trade represents a 20.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.33% of the stock is currently owned by insiders.

Marvell Technology Stock Up 0.5%

Shares of MRVL opened at $78.61 on Tuesday. The company’s 50-day moving average price is $83.08 and its 200 day moving average price is $81.76. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $112.50. The company has a current ratio of 2.01, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. The firm has a market cap of $66.60 billion, a P/E ratio of 27.58, a price-to-earnings-growth ratio of 0.62 and a beta of 1.97.

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

Marvell Technology Dividend Announcement

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

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.