Kaufman Rossin Wealth LLC Invests $356,000 in Marvell Technology, Inc. $MRVL

Key Points

• Kaufman Rossin Wealth LLC acquired 5,790 shares of Marvell Technology, Inc. for approximately $356,000 in the 1st quarter, indicating increased institutional interest in the semiconductor company.
• Marvell Technology has received a consensus rating of “Moderate Buy” from analysts, with an average price target of $94.70, showcasing a positive outlook amid several varying price objectives from other analysts.
• Insider activity included CFO Willem A. Meintjes selling 1,500 shares at an average price of $68.52, as part of a broader trend where insiders sold 5,783 shares valued at over $407,000 in the last 90 days.

Kaufman Rossin Wealth LLC purchased a new stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 5,790 shares of the semiconductor company's stock, valued at approximately $356,000.

Several other institutional investors also recently bought and sold shares of MRVL. Nuveen Asset Management LLC boosted its holdings in Marvell Technology by 232.2% in the 4th quarter. Nuveen Asset Management LLC now owns 9,360,425 shares of the semiconductor company's stock worth $1,033,859,000 after buying an additional 6,543,132 shares during the last quarter. Nuveen LLC acquired a new stake in Marvell Technology in the 1st quarter worth about $399,587,000. Goldman Sachs Group Inc. boosted its holdings in Marvell Technology by 32.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company's stock worth $1,272,117,000 after buying an additional 5,050,159 shares during the last quarter. Impax Asset Management Group plc boosted its holdings in Marvell Technology by 748.3% in the 1st quarter. Impax Asset Management Group plc now owns 3,700,841 shares of the semiconductor company's stock worth $227,033,000 after buying an additional 3,264,557 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Marvell Technology by 8,128.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 2,460,851 shares of the semiconductor company's stock worth $151,515,000 after buying an additional 2,430,945 shares during the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, EVP Mark Casper sold 3,000 shares of the business's stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $72.35, for a total value of $217,050.00. Following the sale, the executive vice president owned 17,163 shares of the company's stock, valued at $1,241,743.05. The trade was a 14.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Panteha Dixon sold 1,283 shares of the business's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $68.50, for a total value of $87,885.50. Following the completion of the sale, the chief accounting officer directly owned 29,572 shares in the company, valued at approximately $2,025,682. The trade was a 4.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,783 shares of company stock valued at $407,716 over the last quarter. 0.19% of the stock is owned by company insiders.

Marvell Technology Price Performance

Shares of Marvell Technology stock traded up $1.79 on Friday, hitting $73.00. 14,399,279 shares of the company were exchanged, compared to its average volume of 16,045,754. The stock has a market capitalization of $63.06 billion, a price-to-earnings ratio of -128.07, a price-to-earnings-growth ratio of 0.79 and a beta of 1.83. The company has a quick ratio of 0.94, a current ratio of 1.30 and a debt-to-equity ratio of 0.22. Marvell Technology, Inc. has a 1-year low of $47.08 and a 1-year high of $127.48. The company has a 50-day moving average price of $74.72 and a 200 day moving average price of $71.87.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its earnings results on Thursday, May 29th. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.01. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.88 billion. Marvell Technology had a positive return on equity of 8.42% and a negative net margin of 7.56%.The firm's quarterly revenue was up 63.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.24 earnings per share. Marvell Technology has set its Q2 2026 guidance at 0.620-0.720 EPS. As a group, sell-side analysts predict that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Friday, July 11th were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, July 11th. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. Marvell Technology's payout ratio is presently -42.11%.

Analysts Set New Price Targets

Several research firms recently issued reports on MRVL. Piper Sandler reiterated an "overweight" rating and issued a $85.00 price objective (down from $95.00) on shares of Marvell Technology in a report on Friday, May 30th. Melius Research lifted their price objective on Marvell Technology from $67.00 to $76.00 and gave the stock a "hold" rating in a report on Wednesday, June 18th. Benchmark reiterated a "buy" rating and issued a $95.00 price objective on shares of Marvell Technology in a report on Wednesday, June 18th. China Renaissance began coverage on Marvell Technology in a report on Thursday, June 5th. They issued a "buy" rating and a $110.00 price objective on the stock. Finally, TD Cowen boosted their target price on Marvell Technology from $60.00 to $70.00 and gave the stock a "buy" rating in a report on Friday, May 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $94.70.

About Marvell Technology

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.