Vista Cima Wealth Management LLC Buys New Shares in Marvell Technology, Inc. $MRVL

Key Points

• Vista Cima Wealth Management LLC acquired 5,599 shares of Marvell Technology, Inc., valued at approximately $345,000, as part of a new position in the company during the first quarter.
• Marvell Technology reported earnings of $0.67 per share for the last quarter, meeting analyst estimates, and showed a 57.6% year-over-year revenue increase with a quarterly revenue of $2.01 billion.
• The company declared a quarterly dividend of $0.06 per share, which was paid on July 31st, representing an annualized dividend of $0.24 and a yield of 0.4%.

Vista Cima Wealth Management LLC bought a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,599 shares of the semiconductor company's stock, valued at approximately $345,000.

A number of other large investors also recently made changes to their positions in MRVL. Silicon Valley Capital Partners boosted its position in shares of Marvell Technology by 1.7% in the 1st quarter. Silicon Valley Capital Partners now owns 33,571 shares of the semiconductor company's stock worth $2,083,000 after purchasing an additional 569 shares during the last quarter. Strs Ohio acquired a new position in Marvell Technology in the first quarter valued at about $16,366,000. Addison Capital Co boosted its holdings in Marvell Technology by 29.5% during the first quarter. Addison Capital Co now owns 5,515 shares of the semiconductor company's stock worth $340,000 after buying an additional 1,257 shares during the last quarter. Advisors Capital Management LLC grew its position in shares of Marvell Technology by 6.2% during the 1st quarter. Advisors Capital Management LLC now owns 8,770 shares of the semiconductor company's stock worth $540,000 after buying an additional 515 shares during the period. Finally, SWS Partners grew its position in shares of Marvell Technology by 27.8% during the 1st quarter. SWS Partners now owns 68,476 shares of the semiconductor company's stock worth $4,216,000 after buying an additional 14,884 shares during the period. Institutional investors and hedge funds own 83.51% of the company's stock.

Marvell Technology Stock Up 1.1%

MRVL stock traded up $0.76 during trading hours on Friday, reaching $67.35. 14,848,046 shares of the stock were exchanged, compared to its average volume of 22,773,116. The firm's 50-day moving average is $72.57 and its 200-day moving average is $68.05. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month high of $127.48. The company has a market cap of $58.06 billion, a price-to-earnings ratio of -518.08, a PEG ratio of 0.80 and a beta of 1.85. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, meeting analysts' consensus estimates of $0.67. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The company's quarterly revenue was up 57.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, equities research analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Analyst Ratings Changes

MRVL has been the topic of several recent analyst reports. Cantor Fitzgerald reissued a "neutral" rating and set a $75.00 price objective on shares of Marvell Technology in a research note on Friday, August 29th. China Renaissance initiated coverage on shares of Marvell Technology in a research report on Thursday, June 5th. They set a "buy" rating and a $110.00 price target on the stock. KeyCorp decreased their price target on shares of Marvell Technology from $115.00 to $90.00 and set an "overweight" rating for the company in a report on Friday, May 30th. Deutsche Bank Aktiengesellschaft dropped their price objective on Marvell Technology from $100.00 to $85.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Finally, Melius cut Marvell Technology from a "buy" rating to a "hold" rating and set a $66.00 target price for the company. in a research note on Thursday, May 22nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $90.50.

Insiders Place Their Bets

In related news, CFO Willem A. Meintjes sold 1,500 shares of the firm's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $68.52, for a total value of $102,780.00. Following the completion of the transaction, the chief financial officer owned 121,348 shares of the company's stock, valued at approximately $8,314,764.96. This trade represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark Casper sold 3,000 shares of the business's stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $72.35, for a total transaction of $217,050.00. Following the sale, the executive vice president directly owned 17,163 shares in the company, valued at $1,241,743.05. This trade represents a 14.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,783 shares of company stock valued at $407,716 in the last quarter. 0.19% of the stock is currently owned by insiders.

Marvell Technology Profile

Marvell Technology, Inc, together with its subsidiaries, provides data infrastructure semiconductor solutions, spanning the data center core to network edge. The company develops and scales complex System-on-a-Chip architectures, integrating analog, mixed-signal, and digital signal processing functionality.