Sivia Capital Partners LLC Makes New $295,000 Investment in Marvell Technology, Inc. $MRVL

Sivia Capital Partners LLC purchased a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the 4th quarter, HoldingsChannel reports. The firm purchased 3,476 shares of the semiconductor company’s stock, valued at approximately $295,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Intech Investment Management LLC raised its position in shares of Marvell Technology by 3.9% in the 1st quarter. Intech Investment Management LLC now owns 28,784 shares of the semiconductor company’s stock worth $1,772,000 after acquiring an additional 1,085 shares in the last quarter. Baird Financial Group Inc. raised its position in shares of Marvell Technology by 22.7% in the 2nd quarter. Baird Financial Group Inc. now owns 17,417 shares of the semiconductor company’s stock worth $1,348,000 after acquiring an additional 3,221 shares in the last quarter. Flow Traders U.S. LLC bought a new position in shares of Marvell Technology in the 2nd quarter worth about $354,000. Treasurer of the State of North Carolina raised its position in shares of Marvell Technology by 3.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 403,818 shares of the semiconductor company’s stock worth $31,256,000 after acquiring an additional 11,572 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Marvell Technology by 1.0% in the 2nd quarter. Alliancebernstein L.P. now owns 411,569 shares of the semiconductor company’s stock worth $31,855,000 after acquiring an additional 4,060 shares in the last quarter. Institutional investors own 83.51% of the company’s stock.

Insider Buying and Selling

In other news, CFO Willem A. Meintjes sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $134.01, for a total value of $4,020,300.00. Following the completion of the transaction, the chief financial officer directly owned 154,111 shares of the company’s stock, valued at $20,652,415.11. This represents a 16.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Matthew J. Murphy sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, March 26th. The shares were sold at an average price of $98.70, for a total value of $2,961,000.00. Following the completion of the transaction, the chief executive officer directly owned 310,106 shares of the company’s stock, valued at approximately $30,607,462.20. This represents a 8.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 255,060 shares of company stock valued at $31,959,772 over the last quarter. Corporate insiders own 0.12% of the company’s stock.

Marvell Technology Price Performance

MRVL stock opened at $263.47 on Friday. The company has a market capitalization of $230.48 billion, a P/E ratio of 90.23, a price-to-earnings-growth ratio of 1.75 and a beta of 2.29. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.66 and a current ratio of 3.28. Marvell Technology, Inc. has a 52-week low of $61.44 and a 52-week high of $324.20. The business has a 50-day simple moving average of $164.84 and a two-hundred day simple moving average of $112.56.

Marvell Technology (NASDAQ:MRVL) last released its earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.80. The company had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.41 billion. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.Marvell Technology’s quarterly revenue was up 27.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.62 earnings per share. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. Research analysts expect that Marvell Technology, Inc. will post 3.08 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Friday, April 10th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, April 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. Marvell Technology’s dividend payout ratio is currently 8.22%.

Trending Headlines about Marvell Technology

Here are the key news stories impacting Marvell Technology this week:

• Positive Sentiment: Raymond James raised its price target on Marvell to $235 from $105 and reiterated a Strong Buy rating, reflecting continued analyst confidence. Raymond James Raises its Price Target on Marvell (MRVL) to $235 from $105
• Neutral Sentiment: Marvell received unusual call-option activity, which may signal trader interest, but it does not by itself change the fundamental outlook.
• Neutral Sentiment: There was ongoing speculation that Marvell could be added to the S&P 500 in an upcoming index rebalancing, which could provide a passive-fund boost if it happens.
• Negative Sentiment: Broader chip stocks sold off after Broadcom’s outlook disappointed Wall Street, dragging MRVL down with the sector. Micron, Marvell, and Broadcom lead chipmakers’ premarket losses
• Negative Sentiment: Several reports warned that Marvell was overbought after its rapid run-up, making it vulnerable to profit-taking and a momentum unwind. Why Is Marvell Technology Stock Falling On Friday?

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MRVL shares. TD Cowen lifted their price objective on Marvell Technology from $180.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, May 28th. Stifel Nicolaus set a $321.00 price objective on Marvell Technology in a research report on Tuesday. William Blair reissued an “outperform” rating on shares of Marvell Technology in a research report on Thursday, May 28th. Cantor Fitzgerald lifted their price objective on Marvell Technology from $190.00 to $220.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Finally, Wells Fargo & Company lifted their price objective on Marvell Technology from $195.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $218.58.

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.