Marvell Technology, Inc. $MRVL Position Raised by EP Wealth Advisors LLC

Key Points

• EP Wealth Advisors LLC significantly increased its stake in Marvell Technology by 1,208.4% in the first quarter, acquiring a total of 50,650 shares valued at approximately $3.12 million.
• Marvell Technology recently reported earnings of $0.67 per share, meeting analyst estimates, and showed a 57.6% increase in revenue year-over-year, totaling $2.01 billion.
• Wall Street analysts have varied opinions on Marvell, with one rating it as a "Strong Buy," 22 as "Buy," while others have given "Hold" and "Sell" ratings, resulting in a consensus rating of "Moderate Buy" with an average price target of $90.50.

EP Wealth Advisors LLC boosted its stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 1,208.4% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,650 shares of the semiconductor company's stock after buying an additional 46,779 shares during the quarter. EP Wealth Advisors LLC's holdings in Marvell Technology were worth $3,119,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MRVL. Hughes Financial Services LLC purchased a new stake in Marvell Technology in the 1st quarter worth approximately $26,000. Rossby Financial LCC purchased a new stake in Marvell Technology during the first quarter worth approximately $27,000. Financial Connections Group Inc. grew its stake in Marvell Technology by 776.0% during the first quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company's stock worth $27,000 after buying an additional 388 shares during the period. Vision Financial Markets LLC purchased a new stake in Marvell Technology during the first quarter worth approximately $28,000. Finally, Security National Bank purchased a new stake in Marvell Technology during the first quarter worth approximately $31,000. Hedge funds and other institutional investors own 83.51% of the company's stock.

Insider Buying and Selling

In related news, CAO Panteha Dixon sold 1,283 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $68.50, for a total value of $87,885.50. Following the sale, the chief accounting officer owned 29,572 shares of the company's stock, valued at approximately $2,025,682. This trade represents a 4.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Mark Casper sold 3,000 shares of the 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 sale, the executive vice president directly owned 17,163 shares in the company, valued at approximately $1,241,743.05. This trade represents a 14.88% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,783 shares of company stock valued at $407,716. Insiders own 0.19% of the company's stock.

Analysts Set New Price Targets

MRVL has been the subject of several research reports. JPMorgan Chase & Co. decreased their price objective on shares of Marvell Technology from $130.00 to $120.00 and set an "overweight" rating for the company in a research note on Friday, August 29th. Bank of America reaffirmed a "neutral" rating and set a $78.00 target price (down from $90.00) on shares of Marvell Technology in a research report on Friday, August 29th. 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. The Goldman Sachs Group initiated coverage on Marvell Technology in a research note on Thursday, July 10th. They set a "neutral" rating and a $75.00 target price for the company. Finally, TD Cowen increased their target price on Marvell Technology from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $90.50.

Marvell Technology Stock Performance

Shares of NASDAQ MRVL traded down $0.77 during trading on Friday, reaching $63.33. The stock had a trading volume of 25,742,906 shares, compared to its average volume of 20,477,784. Marvell Technology, Inc. has a one year low of $47.08 and a one year high of $127.48. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.94 and a current ratio of 1.88. The stock has a market cap of $54.60 billion, a PE ratio of -487.15, a P/E/G ratio of 0.77 and a beta of 1.85. The firm's 50 day moving average price is $73.45 and its two-hundred day moving average price is $69.01.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its quarterly 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. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the business earned $0.30 EPS. The business's quarterly revenue was up 57.6% on a year-over-year basis. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, research analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Friday, July 11th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, July 11th. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. Marvell Technology's dividend payout ratio (DPR) is -184.62%.

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.