Marvell Technology, Inc. $MRVL Shares Acquired by Transatlantique Private Wealth LLC

Transatlantique Private Wealth LLC grew its holdings in Marvell Technology, Inc. (NASDAQ:MRVLFree Report) by 44.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,218 shares of the semiconductor company’s stock after acquiring an additional 1,926 shares during the quarter. Transatlantique Private Wealth LLC’s holdings in Marvell Technology were worth $511,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Laurel Wealth Advisors LLC acquired a new stake in Marvell Technology in the fourth quarter worth about $25,000. Cherry Tree Wealth Management LLC acquired a new stake in Marvell Technology in the fourth quarter worth about $26,000. Elyxium Wealth LLC acquired a new stake in Marvell Technology in the fourth quarter worth about $40,000. Strive Asset Management LLC acquired a new stake in Marvell Technology in the third quarter worth about $42,000. Finally, Avalon Trust Co boosted its holdings in Marvell Technology by 70.6% in the third quarter. Avalon Trust Co now owns 650 shares of the semiconductor company’s stock worth $55,000 after acquiring an additional 269 shares in the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Trending Headlines about Marvell Technology

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Insider Activity at Marvell Technology

In other Marvell Technology news, CEO Matthew J. Murphy sold 30,000 shares of the business’s stock in a transaction on Thursday, March 26th. The stock was sold at an average price of $98.70, for a total transaction of $2,961,000.00. Following the transaction, the chief executive officer owned 310,106 shares of the company’s stock, valued at approximately $30,607,462.20. The trade was a 8.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Mark Casper sold 10,854 shares of the company’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $107.01, for a total value of $1,161,486.54. Following the completion of the transaction, the executive vice president directly owned 4,023 shares in the company, valued at approximately $430,501.23. This trade represents a 72.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 255,060 shares of company stock valued at $31,959,772 in the last three months. Company insiders own 0.12% of the company’s stock.

Marvell Technology Stock Up 4.9%

Marvell Technology stock opened at $316.43 on Friday. The stock has a market capitalization of $276.81 billion, a PE ratio of 108.37, a price-to-earnings-growth ratio of 1.99 and a beta of 2.29. Marvell Technology, Inc. has a 12 month low of $61.44 and a 12 month high of $324.20. The business has a 50 day simple moving average of $161.54 and a 200-day simple moving average of $111.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.28 and a quick ratio of 2.66.

Marvell Technology (NASDAQ:MRVLGet Free Report) last posted its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, meeting analysts’ consensus estimates of $0.80. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The business had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the previous year, the business earned $0.62 earnings per share. The business’s revenue was up 27.6% compared to the same quarter last year. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. On average, analysts anticipate that Marvell Technology, Inc. will post 3.05 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Friday, April 10th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, April 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. Marvell Technology’s payout ratio is 8.22%.

Analyst Upgrades and Downgrades

MRVL has been the subject of a number of research reports. UBS Group lifted their target price on Marvell Technology from $195.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Royal Bank Of Canada lifted their target price on Marvell Technology from $170.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marvell Technology in a report on Friday, March 27th. Wells Fargo & Company lifted their target price on Marvell Technology from $195.00 to $240.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Finally, Evercore reaffirmed an “outperform” rating and set a $155.00 target price on shares of Marvell Technology in a report on Tuesday, May 19th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $218.58.

Read Our Latest Report on MRVL

Marvell Technology Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Marvell Technology (NASDAQ:MRVL)

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