Valicenti Advisory Services Inc. Buys Shares of 19,955 Marvell Technology, Inc. $MRVL

Valicenti Advisory Services Inc. purchased a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 19,955 shares of the semiconductor company’s stock, valued at approximately $1,678,000.

A number of other institutional investors have also made changes to their positions in the stock. Game Plan Financial Advisors LLC acquired a new position in Marvell Technology in the second quarter valued at about $27,000. Kiker Wealth Management LLC increased its stake in shares of Marvell Technology by 374.7% in the 2nd quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 281 shares during the last quarter. Nova Wealth Management Inc. increased its stake in shares of Marvell Technology by 3,922.2% in the 3rd quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 353 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of Marvell Technology in the 2nd quarter valued at approximately $32,000. Finally, Westside Investment Management Inc. boosted its stake in Marvell Technology by 62.5% during the 2nd quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 160 shares during the last quarter. 83.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Needham & Company LLC upped their target price on shares of Marvell Technology from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. Hsbc Global Res upgraded shares of Marvell Technology to a “hold” rating in a research report on Monday, November 24th. Wall Street Zen raised Marvell Technology from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Wells Fargo & Company lifted their target price on Marvell Technology from $90.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Marvell Technology from $90.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. Four research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and fourteen have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $111.25.

Marvell Technology Stock Performance

MRVL opened at $86.34 on Friday. The business’s 50-day moving average price is $87.55 and its two-hundred day moving average price is $79.67. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48. The company has a market capitalization of $73.22 billion, a price-to-earnings ratio of 30.29, a P/E/G ratio of 0.84 and a beta of 1.93. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.64.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings data on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share 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 company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the prior year, the firm earned $0.43 earnings per share. Marvell Technology’s revenue for the quarter 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. Equities analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 29th. Stockholders of record on Friday, January 9th will be issued a $0.06 dividend. The ex-dividend date is Friday, January 9th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. Marvell Technology’s dividend payout ratio (DPR) is 8.42%.

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

Insider Activity at Marvell Technology

In other news, EVP Mark Casper sold 1,253 shares of the business’s stock in a transaction 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 owned 9,023 shares of the company’s stock, valued at $911,323. The trade was a 12.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.19% of the stock is currently owned by corporate insiders.

About Marvell Technology

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.