Symphony Financial Ltd. Co. Sells 6,333 Shares of Marvell Technology, Inc. $MRVL

Symphony Financial Ltd. Co. cut its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 59.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 4,292 shares of the semiconductor company’s stock after selling 6,333 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in Marvell Technology were worth $356,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Y Intercept Hong Kong Ltd bought a new position in Marvell Technology in the 3rd quarter worth about $1,818,000. Mn Services Vermogensbeheer B.V. lifted its holdings in shares of Marvell Technology by 1.2% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 327,632 shares of the semiconductor company’s stock worth $27,544,000 after buying an additional 3,800 shares in the last quarter. Orion Capital Management LLC purchased a new stake in shares of Marvell Technology in the third quarter worth about $378,000. UniSuper Management Pty Ltd boosted its position in shares of Marvell Technology by 8.9% in the third quarter. UniSuper Management Pty Ltd now owns 117,406 shares of the semiconductor company’s stock valued at $9,870,000 after acquiring an additional 9,632 shares during the period. Finally, Drive Wealth Management LLC purchased a new position in Marvell Technology during the third quarter valued at approximately $207,000. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Insiders Place Their Bets

In other Marvell Technology news, EVP Mark Casper sold 5,000 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $93.08, for a total value of $465,400.00. Following the completion of the sale, the executive vice president directly owned 19,418 shares of the company’s stock, valued at $1,807,427.44. The trade was a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.19% of the stock is owned by corporate insiders.

Marvell Technology Stock Down 3.5%

Shares of NASDAQ:MRVL opened at $80.23 on Friday. The firm has a market capitalization of $68.04 billion, a PE ratio of 28.15, a price-to-earnings-growth ratio of 0.78 and a beta of 1.95. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.01. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $127.20. The firm has a fifty day moving average of $85.69 and a 200 day moving average of $81.11.

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

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 29th. Investors of record on Friday, January 9th will be 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 is Friday, January 9th. Marvell Technology’s dividend payout ratio (DPR) is presently 8.42%.

Wall Street Analysts Forecast Growth

MRVL has been the topic of several recent analyst reports. TD Cowen reiterated a “hold” rating on shares of Marvell Technology in a research note on Wednesday, December 3rd. Morgan Stanley set a $112.00 price target on shares of Marvell Technology in a report on Wednesday, December 3rd. Craig Hallum reissued a “buy” rating and set a $141.00 price objective on shares of Marvell Technology in a research note on Wednesday, December 3rd. Benchmark restated a “hold” rating on shares of Marvell Technology in a research report on Tuesday, December 23rd. Finally, Cantor Fitzgerald set a $100.00 target price on Marvell Technology in a research note on Tuesday, December 16th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, Marvell Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.09.

Marvell Technology 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.