Geneos Wealth Management Inc. Has $914,000 Holdings in Marvell Technology, Inc. $MRVL

Key Points

• Geneos Wealth Management Inc. has increased its stake in Marvell Technology, Inc. by 63.2%, holding 14,839 shares worth $914,000 at the end of the reporting period.
• Institutional investors own 83.51% of Marvell Technology, indicating strong institutional interest in the company.
• Marvell Technology reported earnings of $0.67 per share for the last quarter, matching consensus estimates, with revenue rising 57.6% year-over-year.

Geneos Wealth Management Inc. boosted its stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 63.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,839 shares of the semiconductor company's stock after purchasing an additional 5,744 shares during the quarter. Geneos Wealth Management Inc.'s holdings in Marvell Technology were worth $914,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MRVL. Hughes Financial Services LLC acquired a new position in Marvell Technology in the first quarter valued at about $26,000. Rossby Financial LCC acquired a new position in Marvell Technology in the first quarter valued at about $27,000. Financial Connections Group Inc. raised its stake in Marvell Technology by 776.0% in the first quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company's stock valued at $27,000 after purchasing an additional 388 shares in the last quarter. Vision Financial Markets LLC acquired a new position in Marvell Technology during the first quarter worth about $28,000. Finally, Security National Bank acquired a new position in Marvell Technology during the first quarter worth about $31,000. Institutional investors and hedge funds own 83.51% of the company's stock.

Insider Activity

In other news, EVP Mark Casper sold 3,000 shares of the company's stock in a transaction that occurred 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 of the company's stock, valued at $1,241,743.05. This represents a 14.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Panteha Dixon sold 1,283 shares of the company's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $68.50, for a total value of $87,885.50. Following the completion of the sale, the chief accounting officer 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. Insiders sold 5,783 shares of company stock valued at $407,716 over the last quarter. 0.19% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Raymond James Financial reissued an "outperform" rating and set a $90.00 target price (down previously from $110.00) on shares of Marvell Technology in a research note on Friday, May 30th. Barclays reissued an "overweight" rating and set a $80.00 target price on shares of Marvell Technology in a research note on Friday, August 29th. KeyCorp lowered their target price on Marvell Technology from $115.00 to $90.00 and set an "overweight" rating for the company in a research note on Friday, May 30th. BNP Paribas raised Marvell Technology to a "strong-buy" rating in a research note on Friday, August 29th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Marvell Technology from $100.00 to $85.00 and set a "buy" rating for the company in a research note on Friday, May 30th. Two equities 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 company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $90.50.

Marvell Technology Stock Performance

Marvell Technology stock opened at $67.35 on Friday. The business has a 50 day moving average of $72.57 and a 200-day moving average of $68.05. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44. The company has a market capitalization of $58.06 billion, a P/E ratio of -518.08, a P/E/G ratio of 0.80 and a beta of 1.85.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 in the prior year, the firm posted $0.30 earnings per share. The firm's 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 predict that Marvell Technology, Inc. will post 0.91 earnings per share for the current 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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