EP Wealth Advisors LLC Grows Stake in Marvell Technology, Inc. $MRVL

EP Wealth Advisors LLC increased its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 1,208.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,650 shares of the semiconductor company’s stock after acquiring an additional 46,779 shares during the period. EP Wealth Advisors LLC’s holdings in Marvell Technology were worth $3,119,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Chelsea Counsel Co. bought a new stake in Marvell Technology in the fourth quarter worth about $44,000. Bernard Wealth Management Corp. bought a new stake in Marvell Technology in the fourth quarter worth about $45,000. Hughes Financial Services LLC bought a new stake in Marvell Technology in the first quarter worth about $26,000. Financial Connections Group Inc. lifted its stake in Marvell Technology by 776.0% in the first quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 388 shares during the last quarter. Finally, Rossby Financial LCC bought a new stake in Marvell Technology in the first quarter worth about $27,000. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Wall Street Analyst Weigh In

MRVL has been the subject of several analyst reports. Wells Fargo & Company decreased their price objective on shares of Marvell Technology from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, August 29th. TD Cowen raised their price objective on shares of Marvell Technology from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, May 30th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Marvell Technology from $100.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, May 30th. Wall Street Zen downgraded shares of Marvell Technology from a “buy” rating to a “hold” rating in a research note on Sunday, August 17th. Finally, China Renaissance initiated coverage on shares of Marvell Technology in a research note on Thursday, June 5th. They set a “buy” rating and a $110.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $90.50.

Insider Activity

In other news, CAO Panteha Dixon sold 1,283 shares of the business’s stock in a transaction on Monday, June 16th. The shares were sold at an average price of $68.50, for a total transaction of $87,885.50. Following the sale, the chief accounting officer directly owned 29,572 shares of the company’s stock, valued at $2,025,682. The trade was a 4.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark Casper sold 3,000 shares of the business’s stock in a transaction on Friday, July 18th. The shares were sold at an average price of $72.35, for a total transaction of $217,050.00. Following the transaction, the executive vice president owned 17,163 shares of the company’s stock, valued at $1,241,743.05. This represents a 14.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,783 shares of company stock valued at $407,716 over the last ninety days. 0.33% of the stock is currently owned by insiders.

Marvell Technology Stock Performance

Shares of MRVL stock opened at $62.31 on Thursday. The firm has a market cap of $53.83 billion, a price-to-earnings ratio of -479.31, a PEG ratio of 0.68 and a beta of 1.85. The company’s 50 day moving average is $74.05 and its 200 day moving average is $69.89. The company has a quick ratio of 0.94, a current ratio of 1.30 and a debt-to-equity ratio of 0.22. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $127.48.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.67. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.02%. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period last year, the company posted $0.30 earnings per share. Marvell Technology’s revenue was up 57.6% compared to the same quarter last year. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, sell-side analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Friday, July 11th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, July 11th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.4%. Marvell Technology’s payout ratio is -184.62%.

About Marvell Technology

Marvell Technology, Inc, together with its subsidiaries, provides data infrastructure semiconductor solutions, spanning the data center core to network edge. The company develops and scales complex System-on-a-Chip architectures, integrating analog, mixed-signal, and digital signal processing functionality.