Lido Advisors LLC Buys 64,891 Shares of Marvell Technology, Inc. $MRVL

Lido Advisors LLC bought a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 64,891 shares of the semiconductor company’s stock, valued at approximately $17,145,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in MRVL. C M Bidwell & Associates Ltd. acquired a new stake in Marvell Technology in the 2nd quarter worth approximately $27,000. Investment Research & Advisory Group Inc. bought a new stake in Marvell Technology during the third quarter worth approximately $25,000. Aberdeen Wealth Management LLC acquired a new position in Marvell Technology during the second quarter valued at approximately $30,000. Sawyer & Company Inc acquired a new position in Marvell Technology during the third quarter valued at approximately $26,000. Finally, Sunrise Financial Services LLC acquired a new position in Marvell Technology during the third quarter valued at approximately $26,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

Top Marvell Technology Stories

Here are a few of the latest stories about MRVL:

• Positive Sentiment: The proposed Lumentum acquisition could combine Marvell’s silicon capabilities with optical technology for AI data centers. Marvell has touted stronger long-term growth and more than $1 billion in annual run-rate cost synergies. Article: Marvell Jumps as AI Chip Rally Returns and Lumentum Deal Stays in Focus
• Neutral Sentiment: The rebound may be a recovery from a sharp selloff rather than confirmation of a lasting trend change. Recent strength in data-center demand supports the AI-growth case, but there was no single new company-specific catalyst reported. Article: Marvell Technology stock is rising: Is this a dead cat bounce or a real recovery?
• Negative Sentiment: The $115 billion all-stock Lumentum deal remains a substantial execution and valuation risk. A report citing merger specialists put the odds of closing at roughly 50%, while other coverage noted that Marvell’s valuation already assumes significant future growth. Article: Marvell’s $115 Billion Lumentum Deal Faces 50-50 Odds

Marvell Technology Stock Up 9.3%

Shares of MRVL stock opened at $168.80 on Thursday. Marvell Technology, Inc. has a 12 month low of $70.68 and a 12 month high of $329.88. The company has a quick ratio of 2.62, a current ratio of 3.17 and a debt-to-equity ratio of 0.27. The firm has a market cap of $148.02 billion, a PE ratio of 55.71, a price-to-earnings-growth ratio of 4.61 and a beta of 2.32. The stock has a 50 day moving average of $231.09 and a 200-day moving average of $185.39.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data 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. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter last year, the company posted $0.67 earnings per share. Marvell Technology’s quarterly revenue was up 36.5% on a year-over-year basis. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. On average, equities analysts predict that Marvell Technology, Inc. will post 3.05 EPS for the current year.

Marvell Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 29th. Shareholders of record on Friday, October 9th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.1%. The ex-dividend date was Friday, October 9th. Marvell Technology’s dividend payout ratio (DPR) is currently 7.92%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MRVL. BMO Capital Markets restated a “market perform” rating and issued a $325.00 price objective on shares of Marvell Technology in a research note on Wednesday, October 7th. Roth Capital reaffirmed a “buy” rating and set a $350.00 price objective on shares of Marvell Technology in a report on Thursday, August 20th. Bank of America lowered shares of Marvell Technology from a “buy” rating to a “neutral” rating and lowered their target price for the company from $400.00 to $225.00 in a research note on Tuesday, November 3rd. Craig Hallum restated a “buy” rating and set a $380.00 price target on shares of Marvell Technology in a report on Wednesday, October 7th. Finally, Benchmark reaffirmed a “buy” rating on shares of Marvell Technology in a research report on Monday, August 24th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $300.09.

Insider Activity at Marvell Technology

In related news, CAO Justin Scarpulla sold 1,100 shares of the stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $273.59, for a total value of $300,949.00. Following the completion of the sale, the chief accounting officer owned 909 shares in the company, valued at approximately $248,693.31. This trade represents a 54.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sandeep Bharathi sold 3,685 shares of Marvell Technology stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $234.97, for a total value of $865,864.45. Following the sale, the insider directly owned 58,748 shares in the company, valued at approximately $13,804,017.56. This trade represents a 5.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 57,285 shares of company stock valued at $12,901,763. Company insiders own 0.12% of the company’s stock.

Marvell Technology 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.