American Financial Advisors LLC Invests $278,000 in Marvell Technology, Inc. $MRVL

Key Points

• American Financial Advisors LLC acquired 3,598 shares of Marvell Technology, valued at approximately $278,000, during the second quarter, indicating growing institutional interest in the semiconductor company.
• Multiple hedge funds, including Vanguard Group and Goldman Sachs, have increased their stakes in Marvell Technology, further reflecting confidence among institutional investors.
• Marvell Technology reported $2.01 billion in revenue for the quarter, meeting analysts' expectations, with a year-over-year revenue increase of 57.6%.

American Financial Advisors LLC purchased a new stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,598 shares of the semiconductor company's stock, valued at approximately $278,000.

Several other hedge funds have also bought and sold shares of MRVL. Nuveen LLC acquired a new stake in Marvell Technology in the 1st quarter valued at $399,587,000. Goldman Sachs Group Inc. boosted its holdings in Marvell Technology by 32.3% during 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 acquiring an additional 5,050,159 shares during the last quarter. Impax Asset Management Group plc boosted its holdings in Marvell Technology by 748.3% during 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 acquiring an additional 3,264,557 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Marvell Technology by 662.9% during the 1st quarter. AQR Capital Management LLC now owns 3,119,855 shares of the semiconductor company's stock worth $187,566,000 after acquiring an additional 2,710,894 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Marvell Technology by 8,128.6% during 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 acquiring an additional 2,430,945 shares during the last quarter. Institutional investors and hedge funds own 83.51% of the company's stock.

Insiders Place Their Bets

In other news, 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 completion of the transaction, the executive vice president owned 17,163 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. 0.19% of the stock is owned by insiders.

Marvell Technology Price Performance

MRVL stock traded up $3.25 during mid-day trading on Thursday, reaching $74.23. 28,862,898 shares of the company traded hands, compared to its average volume of 23,646,594. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44. The company has a market capitalization of $63.99 billion, a P/E ratio of -571.00, a P/E/G ratio of 0.86 and a beta of 1.85. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $127.48. The company has a fifty day moving average price of $72.42 and a 200-day moving average price of $67.51.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, meeting analysts' consensus estimates of $0.67. The business had revenue of $2.01 billion during 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 quarter in the previous year, the firm earned $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Needham & Company LLC cut their price objective on shares of Marvell Technology from $85.00 to $80.00 and set a "buy" rating on the stock in a report on Friday, August 29th. Piper Sandler reiterated an "overweight" rating and set a $85.00 target price (down from $95.00) on shares of Marvell Technology in a research note on Friday, May 30th. China Renaissance began coverage on Marvell Technology in a research note on Thursday, June 5th. They set a "buy" rating and a $110.00 target price on the stock. UBS Group lowered their target price on Marvell Technology from $110.00 to $95.00 and set a "buy" rating on the stock in a research note on Friday, August 29th. Finally, Benchmark reiterated a "buy" rating and set a $95.00 target price on shares of Marvell Technology in a research note on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Marvell Technology currently has an average rating of "Moderate Buy" and an average target price of $90.50.

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.