Focus Partners Wealth Boosts Stake in Marvell Technology, Inc. $MRVL

Key Points

• Focus Partners Wealth increased its stake in Marvell Technology, Inc. by 8.4%, owning 217,172 shares valued at $13.37 million after acquiring an additional 16,820 shares.
• Multiple hedge funds, including Vanguard Group and Goldman Sachs, have also expanded their holdings in Marvell Technology, indicating strong institutional interest, with 83.51% of the company's stock now owned by institutional investors.
• Marvell Technology reported a quarterly revenue of $2.01 billion and earnings per share of $0.67, while analysts predict earnings of $0.91 per share for the current year.

Focus Partners Wealth increased its stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 8.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 217,172 shares of the semiconductor company's stock after purchasing an additional 16,820 shares during the quarter. Focus Partners Wealth's holdings in Marvell Technology were worth $13,371,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of MRVL. Vanguard Group Inc. raised its stake in shares of Marvell Technology by 1.9% in the first quarter. Vanguard Group Inc. now owns 63,770,122 shares of the semiconductor company's stock worth $3,926,326,000 after buying an additional 1,212,338 shares during the period. Goldman Sachs Group Inc. raised its stake 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 period. Brown Advisory Inc. lifted its holdings in Marvell Technology by 2.2% during the first quarter. Brown Advisory Inc. now owns 19,300,527 shares of the semiconductor company's stock valued at $1,188,333,000 after purchasing an additional 423,892 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Marvell Technology by 2.6% in the first quarter. Ameriprise Financial Inc. now owns 8,942,304 shares of the semiconductor company's stock worth $562,991,000 after purchasing an additional 227,555 shares during the period. Finally, Pictet Asset Management Holding SA boosted its position in shares of Marvell Technology by 6.7% in the first quarter. Pictet Asset Management Holding SA now owns 7,776,196 shares of the semiconductor company's stock worth $478,794,000 after purchasing an additional 488,610 shares during the period. Institutional investors own 83.51% of the company's stock.

Insider Transactions at Marvell Technology

In related news, CFO Willem A. Meintjes sold 1,500 shares of Marvell Technology stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $68.52, for a total transaction of $102,780.00. Following the completion of the transaction, the chief financial officer directly owned 121,348 shares of the company's stock, valued at approximately $8,314,764.96. The trade was a 1.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Panteha Dixon sold 1,283 shares of the stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $68.50, for a total transaction of $87,885.50. Following the completion of the sale, the chief accounting officer directly owned 29,572 shares in the company, valued at $2,025,682. This trade represents a 4.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,783 shares of company stock worth $407,716. 0.19% of the stock is currently owned by insiders.

Marvell Technology Stock Up 1.1%

Shares of NASDAQ:MRVL opened at $67.35 on Friday. The company has a market cap of $58.06 billion, a price-to-earnings ratio of -518.08, a PEG ratio of 0.80 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 current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The company has a 50-day moving average price of $72.57 and a 200 day moving average price of $68.05.

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 for the quarter, hitting the consensus estimate of $0.67. The company had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $2.01 billion. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The firm's revenue for the quarter was up 57.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, equities research analysts predict that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Bank of America restated a "neutral" rating and set a $78.00 target price (down previously from $90.00) on shares of Marvell Technology in a research note on Friday, August 29th. Redburn Atlantic started coverage on Marvell Technology in a research report on Wednesday, May 28th. They set a "neutral" rating and a $67.00 target price for the company. Rosenblatt Securities decreased their target price on Marvell Technology from $124.00 to $95.00 and set a "buy" rating on the stock in a research note on Friday, August 29th. Evercore ISI dropped their price target on Marvell Technology from $133.00 to $122.00 and set an "outperform" rating for the company in a research note on Friday, August 29th. Finally, Wall Street Zen raised shares of Marvell Technology from a "hold" rating to a "buy" rating in a report on Saturday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $90.50.

About Marvell Technology

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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