Stance Capital LLC Takes $1.48 Million Position in Marvell Technology, Inc. $MRVL

Stance Capital LLC purchased a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 19,164 shares of the semiconductor company’s stock, valued at approximately $1,483,000.

Several other large investors also recently bought and sold shares of the business. Taylor Frigon Capital Management LLC grew its position in shares of Marvell Technology by 16.5% during the second quarter. Taylor Frigon Capital Management LLC now owns 33,605 shares of the semiconductor company’s stock worth $2,601,000 after acquiring an additional 4,748 shares during the last quarter. Waterfront Wealth Inc. boosted its stake in Marvell Technology by 21.5% during the 2nd quarter. Waterfront Wealth Inc. now owns 18,394 shares of the semiconductor company’s stock worth $1,424,000 after purchasing an additional 3,258 shares during the period. BOCHK Asset Management Ltd purchased a new stake in shares of Marvell Technology in the second quarter valued at about $1,486,000. Westbourne Investments Inc. increased its position in Marvell Technology by 442.4% in the 2nd quarter. Westbourne Investments Inc. now owns 21,695 shares of the semiconductor company’s stock valued at $1,679,000 after acquiring an additional 17,695 shares during the period. Finally, Norges Bank purchased a new position in shares of Marvell Technology in the 2nd quarter valued at approximately $716,713,000. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Analysts Set New Price Targets

MRVL has been the topic of a number of analyst reports. Craig Hallum reaffirmed a “buy” rating and issued a $141.00 price objective on shares of Marvell Technology in a report on Wednesday, December 3rd. Zacks Research upgraded Marvell Technology from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 5th. Susquehanna set a $120.00 target price on Marvell Technology and gave the company a “positive” rating in a report on Wednesday, December 3rd. KeyCorp raised their price objective on shares of Marvell Technology from $90.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, December 3rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marvell Technology in a report on Wednesday. Four analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $111.56.

Insider Activity at Marvell Technology

In other news, CFO Willem A. Meintjes acquired 3,400 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were acquired at an average price of $78.03 per share, with a total value of $265,302.00. Following the acquisition, the chief financial officer directly owned 132,159 shares in the company, valued at approximately $10,312,366.77. The trade was a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark Casper sold 1,253 shares of Marvell Technology stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $101.00, for a total value of $126,553.00. Following the sale, the executive vice president directly owned 9,023 shares in the company, valued at approximately $911,323. This trade represents a 12.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders acquired 27,200 shares of company stock valued at $2,109,632 in the last ninety days. 0.19% of the stock is owned by insiders.

Marvell Technology Stock Performance

NASDAQ:MRVL opened at $84.43 on Friday. The firm’s fifty day simple moving average is $88.24 and its 200 day simple moving average is $78.26. The company has a current ratio of 2.01, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve month high of $127.48. The firm has a market capitalization of $71.61 billion, a price-to-earnings ratio of 29.62, a PEG ratio of 0.82 and a beta of 1.93.

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

Marvell Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Investors of record on Friday, October 10th were paid a dividend of $0.06 per share. The ex-dividend date was Friday, October 10th. This represents a $0.24 annualized dividend and a yield of 0.3%. Marvell Technology’s dividend payout ratio (DPR) is 8.42%.

Marvell Technology declared that its board has authorized a stock buyback plan on Wednesday, September 24th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the semiconductor company to buy up to 7.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Marvell Technology Company Profile

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.