65,966 Shares in Marvell Technology, Inc. $MRVL Acquired by Ellsworth Advisors LLC

Key Points

• Ellsworth Advisors LLC bought a new position of 65,966 shares of Marvell (≈$5.86M), making MRVL about 1.3% of its portfolio and its 27th-largest holding.
• Marvell beat Q3 estimates with $0.76 EPS vs. $0.74 expected and $2.07B revenue (up 36.8% YoY), and set Q4 EPS guidance of $0.740–$0.840.
• The board authorized a $5.0 billion share buyback (up to ~7.8% of shares) and announced a quarterly dividend of $0.06 (annualized $0.24, ~0.3% yield).

Ellsworth Advisors LLC bought a new position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 65,966 shares of the semiconductor company's stock, valued at approximately $5,864,000. Marvell Technology makes up approximately 1.3% of Ellsworth Advisors LLC's investment portfolio, making the stock its 27th biggest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Game Plan Financial Advisors LLC bought a new stake in shares of Marvell Technology in the 2nd quarter valued at $27,000. Kiker Wealth Management LLC increased its stake in Marvell Technology by 374.7% in the second quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company's stock valued at $28,000 after purchasing an additional 281 shares in the last quarter. Nova Wealth Management Inc. raised its holdings in shares of Marvell Technology by 3,922.2% during the third quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company's stock valued at $30,000 after purchasing an additional 353 shares during the period. Westside Investment Management Inc. boosted its position in shares of 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 purchasing an additional 160 shares in the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Marvell Technology in the 2nd quarter valued at about $32,000. 83.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MRVL has been the topic of a number of research reports. Stifel Nicolaus upped their price target on Marvell Technology from $95.00 to $114.00 and gave the stock a "buy" rating in a research note on Wednesday, December 3rd. Summit Redstone set a $105.00 target price on Marvell Technology in a research report on Wednesday, October 15th. UBS Group set a $100.00 price target on shares of Marvell Technology in a research report on Wednesday, December 3rd. Barclays upped their price objective on shares of Marvell Technology from $80.00 to $105.00 and gave the stock an "equal weight" rating in a report on Wednesday, December 3rd. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $95.00 price objective on shares of Marvell Technology in a report on Monday, December 1st. Four research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $111.25.

Marvell Technology Price Performance

MRVL opened at $86.34 on Friday. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.64. 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 firm's fifty day moving average price is $87.55 and its two-hundred day moving average price is $79.60.

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

Marvell Technology Dividend Announcement

The firm also recently announced 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 of this dividend is Friday, January 9th. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. Marvell Technology's dividend payout ratio is currently 8.42%.

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

Insider Activity at Marvell Technology

In related news, EVP Mark Casper sold 1,253 shares of Marvell Technology stock in a transaction on Friday, December 5th. The stock was sold at an average price of $101.00, for a total transaction of $126,553.00. Following the sale, the executive vice president directly owned 9,023 shares in the company, valued at approximately $911,323. This trade represents a 12.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.19% 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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