Focus Partners Advisor Solutions LLC Acquires 10,856 Shares of Marvell Technology, Inc. $MRVL

Key Points

• Focus Partners Advisor Solutions LLC increased its stake in Marvell Technology by 204.1%, owning 16,174 shares worth approximately $996,000.
• Various institutional investors have made significant adjustments to their positions in Marvell, including a 32.3% increase in holdings by Goldman Sachs Group Inc.
• Marvell Technology reported a quarterly EPS of $0.67, matching estimates, while its quarterly revenue rose 57.6% year-over-year, reaching $2.01 billion.

Focus Partners Advisor Solutions LLC boosted its holdings in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 204.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,174 shares of the semiconductor company's stock after purchasing an additional 10,856 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Marvell Technology were worth $996,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Chelsea Counsel Co. bought a new position in Marvell Technology during the 4th quarter worth $44,000. Bernard Wealth Management Corp. bought a new position in Marvell Technology during the 4th quarter worth $45,000. Hughes Financial Services LLC bought a new position in Marvell Technology during the 1st quarter worth $26,000. Financial Connections Group Inc. increased its stake in Marvell Technology by 776.0% during the 1st quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company's stock worth $27,000 after acquiring an additional 388 shares during the period. Finally, Rossby Financial LCC bought a new position in Marvell Technology during the 1st quarter worth $27,000. Institutional investors and hedge funds own 83.51% of the company's stock.

Insiders Place Their Bets

In other Marvell Technology news, EVP Mark Casper sold 3,000 shares of Marvell Technology 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 directly 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Panteha Dixon sold 1,283 shares of Marvell Technology stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $68.50, for a total value of $87,885.50. Following the transaction, the chief accounting officer directly owned 29,572 shares in the company, valued at $2,025,682. The trade was a 4.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,783 shares of company stock valued at $407,716. 0.33% of the stock is currently owned by company insiders.

Marvell Technology Trading Up 2.6%

MRVL traded up $1.67 during midday trading on Monday, hitting $65.00. 9,124,972 shares of the company were exchanged, compared to its average volume of 19,039,012. The firm has a market capitalization of $56.03 billion, a P/E ratio of -499.58, a P/E/G ratio of 0.77 and a beta of 1.85. Marvell Technology, Inc. has a 1-year low of $47.08 and a 1-year high of $127.48. The firm's 50 day moving average price is $73.45 and its 200-day moving average price is $68.73. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, hitting the consensus estimate of $0.67. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the business earned $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, equities analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have commented on the company. UBS Group lowered their price objective 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. TD Cowen lifted their price target on Marvell Technology from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Zacks Research lowered Marvell Technology from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 26th. KeyCorp decreased their price target on Marvell Technology from $115.00 to $90.00 and set an "overweight" rating on the stock in a research note on Friday, May 30th. Finally, Morgan Stanley decreased their price target on Marvell Technology from $80.00 to $76.00 and set an "equal weight" rating on the stock in a research note on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $90.50.

Marvell Technology Company 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.