16,966 Shares in Marvell Technology, Inc. $MRVL Purchased by Triasima Portfolio Management inc.

Key Points

• Triasima Portfolio Management bought a new position of 16,966 shares of Marvell Technology (NASDAQ:MRVL) in Q3, valued at about $1.426 million per its SEC filing.
• Marvell beat quarterly expectations with $0.76 EPS (vs. $0.74) and $2.07B revenue (up 36.8% YoY), set Q4 2026 EPS guidance of $0.740–0.840, and the board authorized a $5.0 billion share buyback while declaring a $0.06 quarterly dividend.
• Analysts view Marvell as a "Moderate Buy" with an average target of $115.70, and institutional ownership is high at 83.51%, with major holders (Vanguard, Brown Advisory, State Street, Ameriprise, Norges Bank) recently increasing positions.

Triasima Portfolio Management inc. bought a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 16,966 shares of the semiconductor company's stock, valued at approximately $1,426,000.

A number of other hedge funds have also recently made changes to their positions in MRVL. Vanguard Group Inc. grew its stake in Marvell Technology by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 64,443,232 shares of the semiconductor company's stock worth $4,987,906,000 after acquiring an additional 673,110 shares in the last quarter. Brown Advisory Inc. increased its holdings in Marvell Technology by 8.0% during the 2nd quarter. Brown Advisory Inc. now owns 20,840,336 shares of the semiconductor company's stock worth $1,613,044,000 after purchasing an additional 1,539,809 shares during the period. State Street Corp lifted its holdings in shares of Marvell Technology by 2.7% in the 2nd quarter. State Street Corp now owns 20,573,260 shares of the semiconductor company's stock worth $1,592,370,000 after buying an additional 533,946 shares during the period. Ameriprise Financial Inc. grew its position in shares of Marvell Technology by 16.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 10,406,875 shares of the semiconductor company's stock worth $805,473,000 after buying an additional 1,464,571 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Marvell Technology in the second quarter valued at about $716,713,000. 83.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on MRVL. B. Riley restated a "buy" rating and issued a $130.00 price target (up previously from $100.00) on shares of Marvell Technology in a report on Wednesday, December 3rd. Benchmark reiterated a "hold" rating on shares of Marvell Technology in a research note on Tuesday, December 23rd. Melius Research raised shares of Marvell Technology from a "hold" rating to a "buy" rating and set a $135.00 price target for the company in a report on Monday, January 5th. Melius raised shares of Marvell Technology from a "hold" rating to a "buy" rating and set a $135.00 price objective on the stock in a report on Monday, January 5th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of Marvell Technology in a research report on Tuesday, January 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat, Marvell Technology presently has an average rating of "Moderate Buy" and an average target price of $115.70.

Marvell Technology Stock Down 0.9%

Shares of MRVL stock opened at $79.76 on Tuesday. 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 stock has a 50 day moving average of $86.23 and a 200 day moving average of $80.93. The stock has a market cap of $67.64 billion, a P/E ratio of 27.94, a P/E/G ratio of 0.78 and a beta of 1.95.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.02. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same period in the previous year, the firm earned $0.43 EPS. 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, sell-side analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

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

Marvell Technology declared that its board has authorized a share buyback program on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the semiconductor company to purchase up to 7.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its stock is undervalued.

Insider Transactions at Marvell Technology

In other Marvell Technology news, EVP Mark Casper sold 5,000 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $93.08, for a total transaction of $465,400.00. Following the transaction, the executive vice president owned 19,418 shares in the company, valued at approximately $1,807,427.44. This represents a 20.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.33% of the company's stock.

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.

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