First Bank & Trust Has $2.34 Million Position in Marvell Technology, Inc. $MRVL

Key Points

• First Bank & Trust increased its stake in Marvell Technology by 16.5%, owning 30,204 shares valued at approximately $2.34 million as of the latest SEC filing.
• Several hedge funds have also boosted their positions, with Two Sigma Investments LP increasing its stake by 743.7% to 944,634 shares, valued at over $104 million.
• Marvell Technology reported earnings of $0.67 per share for the most recent quarter, matching analysts' expectations, and had a revenue growth of 57.6% year-over-year, reaching $2.01 billion.

First Bank & Trust raised its stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 16.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,204 shares of the semiconductor company's stock after buying an additional 4,269 shares during the period. First Bank & Trust's holdings in Marvell Technology were worth $2,338,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Bank Pictet & Cie Europe AG boosted its holdings in Marvell Technology by 0.7% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 66,710 shares of the semiconductor company's stock valued at $7,368,000 after acquiring an additional 460 shares during the last quarter. Man Group plc lifted its position in shares of Marvell Technology by 95.9% in the 4th quarter. Man Group plc now owns 56,652 shares of the semiconductor company's stock worth $6,257,000 after purchasing an additional 27,734 shares during the period. Toronto Dominion Bank boosted its stake in shares of Marvell Technology by 18.4% in the 4th quarter. Toronto Dominion Bank now owns 147,803 shares of the semiconductor company's stock valued at $16,325,000 after purchasing an additional 22,937 shares during the last quarter. Two Sigma Investments LP boosted its stake in shares of Marvell Technology by 743.7% in the 4th quarter. Two Sigma Investments LP now owns 944,634 shares of the semiconductor company's stock valued at $104,335,000 after purchasing an additional 832,675 shares during the last quarter. Finally, Two Sigma Advisers LP increased its position in shares of Marvell Technology by 1,868.3% during the fourth quarter. Two Sigma Advisers LP now owns 474,272 shares of the semiconductor company's stock worth $52,383,000 after buying an additional 450,176 shares during the period. 83.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group began coverage on shares of Marvell Technology in a report on Thursday, July 10th. They issued a "neutral" rating and a $75.00 target price on the stock. Loop Capital cut their target price on Marvell Technology from $110.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Barclays reaffirmed an "overweight" rating and set a $80.00 target price on shares of Marvell Technology in a research note on Friday, August 29th. Wells Fargo & Company dropped their price target on Marvell Technology from $95.00 to $90.00 and set an "overweight" rating on the stock in a research note on Friday, August 29th. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $90.00 price objective (down previously from $110.00) on shares of Marvell Technology in a research report on Friday, May 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $90.50.

Insider Activity at Marvell Technology

In related news, EVP Mark Casper sold 3,000 shares of Marvell Technology stock in a transaction on 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 approximately $1,241,743.05. This trade represents a 14.88% 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 0.33% of the company's stock.

Marvell Technology Stock Up 0.1%

MRVL opened at $67.43 on Tuesday. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week high of $127.48. The firm has a market capitalization of $58.13 billion, a P/E ratio of -518.69, a PEG ratio of 0.81 and a beta of 1.85. The company's 50-day moving average is $72.49 and its 200 day moving average is $67.56. 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 data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.67. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. 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 prior year, the firm posted $0.30 EPS. The firm's quarterly revenue was up 57.6% compared to the same quarter last year. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Research analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

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.

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