Focus Partners Wealth Increases Stock Holdings 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 lifted its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 8.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 217,172 shares of the semiconductor company's stock after acquiring an additional 16,820 shares during the period. Focus Partners Wealth's holdings in Marvell Technology were worth $13,371,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Marvell Technology during the fourth quarter worth approximately $234,000. Dynamic Advisor Solutions LLC grew its position in shares of Marvell Technology by 5.0% during the first quarter. Dynamic Advisor Solutions LLC now owns 4,313 shares of the semiconductor company's stock worth $266,000 after acquiring an additional 206 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in shares of Marvell Technology by 90.1% during the first quarter. Integrated Wealth Concepts LLC now owns 19,320 shares of the semiconductor company's stock worth $1,190,000 after acquiring an additional 9,155 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Marvell Technology during the first quarter worth approximately $501,000. Finally, Ilmarinen Mutual Pension Insurance Co lifted its holdings in shares of Marvell Technology by 12.0% during the first quarter. Ilmarinen Mutual Pension Insurance Co now owns 140,000 shares of the semiconductor company's stock worth $8,620,000 after purchasing an additional 15,000 shares during the period. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Marvell Technology

In other news, EVP Mark Casper sold 3,000 shares of the firm's stock in a transaction on Friday, July 18th. The stock was sold at an average price of $72.35, for a total value of $217,050.00. Following the completion of the transaction, the executive vice president owned 17,163 shares in the company, valued at $1,241,743.05. This trade represents a 14.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.33% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Raymond James Financial reaffirmed an "outperform" rating and set a $90.00 price target (down from $110.00) on shares of Marvell Technology in a report on Friday, May 30th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $75.00 price target on shares of Marvell Technology in a report on Friday, August 29th. B. Riley reaffirmed a "buy" rating and set a $115.00 price target (up from $110.00) on shares of Marvell Technology in a report on Wednesday, June 18th. Benchmark reaffirmed a "buy" rating and set a $95.00 price target on shares of Marvell Technology in a report on Friday, August 29th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $95.00 price target on shares of Marvell Technology in a report on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $90.50.

Marvell Technology Price Performance

Marvell Technology stock traded up $2.58 during midday trading on Wednesday, reaching $71.44. The company's stock had a trading volume of 10,454,763 shares, compared to its average volume of 19,015,316. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week 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. The stock's 50 day simple moving average is $72.42 and its 200 day simple moving average is $67.57. The firm has a market capitalization of $61.59 billion, a PE ratio of -551.87, a P/E/G ratio of 0.81 and a beta of 1.85.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 EPS 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 company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the company earned $0.30 earnings per share. Marvell Technology'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. On average, equities research analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

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.