First Bank & Trust Grows Stock Holdings 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 grew its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 16.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,204 shares of the semiconductor company's stock after purchasing 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.

Other large investors also recently added to or reduced their stakes in the company. Chelsea Counsel Co. acquired a new position in Marvell Technology during the fourth quarter worth $44,000. Bernard Wealth Management Corp. acquired a new position in Marvell Technology during the fourth quarter worth $45,000. Hughes Financial Services LLC acquired a new position in Marvell Technology during the first quarter worth $26,000. Financial Connections Group Inc. lifted 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 purchasing an additional 388 shares in the last quarter. Finally, Rossby Financial LCC acquired a new position in Marvell Technology during the first quarter worth $27,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Marvell Technology Stock Performance

Shares of MRVL stock traded up $0.04 during mid-day trading on Friday, hitting $74.27. 12,334,408 shares of the stock were exchanged, compared to its average volume of 19,142,762. The stock's fifty day simple moving average is $72.42 and its two-hundred day simple moving average is $67.51. The stock has a market capitalization of $64.03 billion, a price-to-earnings ratio of -570.88, a P/E/G ratio of 0.86 and a beta of 1.85. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $127.48. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.88.

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 the consensus estimate of $0.67. The company had revenue of $2.01 billion for 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 business's quarterly revenue was up 57.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Insider Activity

In other Marvell Technology news, EVP Mark Casper sold 3,000 shares of the firm'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 transaction, the executive vice president owned 17,163 shares of the company's stock, 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 document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.19% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on MRVL shares. BNP Paribas upgraded Marvell Technology to a "strong-buy" rating in a research note on Friday, August 29th. Piper Sandler reiterated an "overweight" rating and issued a $85.00 price objective (down from $95.00) on shares of Marvell Technology in a research note on Friday, May 30th. The Goldman Sachs Group assumed coverage on Marvell Technology in a research report on Thursday, July 10th. They set a "neutral" rating and a $75.00 price objective for the company. Needham & Company LLC lowered their price objective on Marvell Technology from $85.00 to $80.00 and set a "buy" rating for the company in a research report on Friday, August 29th. Finally, Cantor Fitzgerald reissued a "neutral" rating and set a $75.00 price objective on shares of Marvell Technology in a research report on Friday, August 29th. Two research 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 issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus 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.