CENTRAL TRUST Co Purchases New Stake in Marvell Technology, Inc. $MRVL

CENTRAL TRUST Co purchased a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,810 shares of the semiconductor company’s stock, valued at approximately $1,535,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cape ANN Savings Bank grew its stake in Marvell Technology by 2.3% during the second quarter. Cape ANN Savings Bank now owns 2,245 shares of the semiconductor company’s stock worth $669,000 after buying an additional 50 shares during the period. Arlington Trust Co LLC increased its position in shares of Marvell Technology by 24.1% in the second quarter. Arlington Trust Co LLC now owns 268 shares of the semiconductor company’s stock worth $80,000 after acquiring an additional 52 shares in the last quarter. GoalVest Advisory LLC raised its stake in shares of Marvell Technology by 26.0% in the 2nd quarter. GoalVest Advisory LLC now owns 315 shares of the semiconductor company’s stock valued at $94,000 after acquiring an additional 65 shares during the period. Washington Trust Advisors Inc. raised its stake in shares of Marvell Technology by 88.5% in the 3rd quarter. Washington Trust Advisors Inc. now owns 147 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 69 shares during the period. Finally, HBW Advisory Services LLC raised its stake in shares of Marvell Technology by 3.3% in the 2nd quarter. HBW Advisory Services LLC now owns 2,270 shares of the semiconductor company’s stock valued at $676,000 after acquiring an additional 73 shares during the period. 83.51% of the stock is owned by institutional investors and hedge funds.

Marvell Technology Price Performance

Shares of NASDAQ:MRVL opened at $156.76 on Friday. Marvell Technology, Inc. has a 52 week low of $70.68 and a 52 week high of $329.88. The firm has a market capitalization of $137.46 billion, a P/E ratio of 51.74, a PEG ratio of 4.91 and a beta of 2.32. The firm’s 50 day moving average is $229.21 and its two-hundred day moving average is $186.17. The company has a current ratio of 3.17, a quick ratio of 2.62 and a debt-to-equity ratio of 0.27.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.01. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.72 billion. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%. The company’s revenue for the quarter was up 36.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.67 earnings per share. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Analysts anticipate that Marvell Technology, Inc. will post 3.05 earnings per share for the current year.

Marvell Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 29th. Stockholders of record on Friday, October 9th were given a dividend of $0.06 per share. The ex-dividend date was Friday, October 9th. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. Marvell Technology’s dividend payout ratio (DPR) is 7.92%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on MRVL shares. Morgan Stanley increased their price target on Marvell Technology from $268.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, October 7th. Arete Research raised shares of Marvell Technology to a “strong-buy” rating in a research report on Friday, October 16th. B. Riley Financial dropped their price objective on Marvell Technology from $275.00 to $250.00 and set a “buy” rating on the stock in a report on Monday, November 9th. Cantor Fitzgerald cut their target price on Marvell Technology from $350.00 to $225.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 3rd. Finally, TD Cowen downgraded shares of Marvell Technology from a “buy” rating to a “hold” rating and decreased their price target for the stock from $350.00 to $175.00 in a research report on Tuesday, November 3rd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $300.09.

Insider Transactions at Marvell Technology

In other Marvell Technology news, COO Chris Koopmans sold 10,000 shares of the business’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $186.97, for a total value of $1,869,700.00. Following the sale, the chief operating officer directly owned 202,800 shares in the company, valued at approximately $37,917,516. The trade was a 4.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Justin Scarpulla sold 1,100 shares of the company’s stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $273.59, for a total transaction of $300,949.00. Following the completion of the sale, the chief accounting officer directly owned 909 shares of the company’s stock, valued at $248,693.31. The trade was a 54.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 57,285 shares of company stock worth $12,901,763 over the last 90 days. 0.12% of the stock is currently owned by corporate insiders.

Marvell Technology News Roundup

Here’s some of the latest news about MRVL:

• Positive Sentiment: Three new independent directors expand Marvell’s board from seven members to ten, bringing additional technology, finance, and operating experience as the company prepares for a major optical-networking deal. Read More.
• Neutral Sentiment: Investors have upcoming catalysts in the SC26 showcase and Marvell’s Dec. 1 earnings report. The company’s AI infrastructure opportunity is attracting attention, but recent coverage also flags competitive risks and uncertainty about how quickly potential growth opportunities will translate into results. Read More.
• Negative Sentiment: Marvell’s roughly $115 billion all-stock offer for Lumentum faces added uncertainty as NVIDIA-related market turmoil affects Marvell’s share value—the deal’s currency. Lumentum’s widening discount to the offer value reflects investor concern about the transaction’s value and its expected timeline, with closing not anticipated until 2028. Read More.

Marvell Technology Company Profile

Marvell Technology is a fabless semiconductor company that develops data infrastructure chips and related technologies. Its products include networking and Ethernet chips, storage controllers, processors, optical and connectivity solutions, and custom silicon used in data centers, carrier networks, enterprise systems, and other applications. The company’s products help move, store, process, and secure data across cloud and telecommunications infrastructure. Marvell serves customers around the world, including equipment makers and technology companies that incorporate its semiconductors into their systems.