Grandview Asset Management LLC Buys New Shares in Marvell Technology, Inc. $MRVL

Key Points

• Grandview Asset Management initiated a $5.87 million position in Marvell Technology, buying 22,204 shares during the third quarter. Institutional investors collectively own 83.51% of the company.
• Analysts maintain a broadly bullish view, with 32 of 39 covering analysts rating Marvell Buy or Strong Buy. The stock has a “Moderate Buy” consensus rating and a $327.36 average price target.
• Marvell reported strong recent operating results, with quarterly revenue rising 36.5% year over year to $2.74 billion and EPS of $0.94, slightly above estimates. Shares opened at $237.09, while the company declared a quarterly dividend of $0.06 per share.

Grandview Asset Management LLC bought a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 22,204 shares of the semiconductor company's stock, valued at approximately $5,867,000. Marvell Technology accounts for 1.6% of Grandview Asset Management LLC's portfolio, making the stock its 14th largest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Focused Wealth Management Inc purchased a new position in shares of Marvell Technology during the 1st quarter valued at $608,000. Birch Hill Investment Advisors LLC purchased a new stake in Marvell Technology in the 3rd quarter worth $848,000. Swedbank AB increased its stake in Marvell Technology by 2.8% in the 1st quarter. Swedbank AB now owns 3,189,551 shares of the semiconductor company's stock worth $315,925,000 after buying an additional 85,816 shares in the last quarter. Merit Financial Group LLC increased its stake in Marvell Technology by 22.9% in the 2nd quarter. Merit Financial Group LLC now owns 27,079 shares of the semiconductor company's stock worth $8,067,000 after buying an additional 5,047 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Marvell Technology by 49.7% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 273,647 shares of the semiconductor company's stock valued at $27,105,000 after acquiring an additional 90,800 shares during the period. Institutional investors own 83.51% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. DA Davidson set a $225.00 price objective on Marvell Technology in a research report on Tuesday, August 18th. Stifel Nicolaus upped their price objective on Marvell Technology from $350.00 to $370.00 and gave the stock a "buy" rating in a research note on Wednesday, October 7th. HC Wainwright reiterated a "buy" rating on shares of Marvell Technology in a research report on Tuesday, August 25th. Barclays reiterated an "overweight" rating on shares of Marvell Technology in a research report on Thursday, August 20th. Finally, Erste Group Bank downgraded Marvell Technology from a "buy" rating to a "hold" rating in a research note on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Marvell Technology has an average rating of "Moderate Buy" and a consensus price target of $327.36.

Trending Headlines about Marvell Technology

Here are the key news stories impacting Marvell Technology this week:

• Positive Sentiment: Analysts continue to support the AI growth outlook. A fair-value upgrade and bullish commentary suggest Wall Street believes Marvell’s custom silicon, data-center connectivity and AI infrastructure businesses can sustain strong growth. Marvell Technology Stock Sees Fair Value Lift After Analysts Back AI Growth
• Positive Sentiment: Reports that a Google TPU delay is manageable are supporting Marvell. GF Securities reportedly believes the timing issue will not materially weaken Marvell’s position with custom-chip customers, easing concerns about a potential disruption to its AI revenue pipeline. Marvell Jumps as GF Securities Says Google Chip Delay Won’t Dent Its Position
• Positive Sentiment: New CXL and connectivity launches expand the growth narrative. Marvell’s formation of a Cloud Security Alliance following new product launches reinforces its positioning in cloud infrastructure, data-center networking and next-generation memory connectivity. Marvell Technology Forms Cloud Security Alliance After New CXL and Connectivity Launches
• Positive Sentiment: AI-sector momentum is lifting semiconductor shares broadly. A rebound in technology stocks and continued enthusiasm for custom silicon are providing a favorable backdrop for Marvell, while analysts expect the custom-chip market to grow despite supply-chain competition. Broadcom Vs. Marvell: Custom Silicon is Going to Get White Hot

Marvell Technology Trading Up 4.1%

Shares of Marvell Technology stock opened at $237.09 on Tuesday. The firm has a market cap of $207.90 billion, a price-to-earnings ratio of 78.25, a PEG ratio of 6.79 and a beta of 2.26. The business has a 50-day moving average price of $241.71 and a 200-day moving average price of $217.99. The company has a quick ratio of 2.62, a current ratio of 3.17 and a debt-to-equity ratio of 0.27. Marvell Technology, Inc. has a twelve month low of $70.68 and a twelve month high of $329.88.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.01. The firm had revenue of $2.74 billion for the quarter, compared to analysts' expectations of $2.72 billion. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%. The business's revenue was up 36.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.67 earnings per share. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. Equities research analysts anticipate that Marvell Technology, Inc. will post 3.05 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Friday, October 9th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.1%. The ex-dividend date is Friday, October 9th. Marvell Technology's dividend payout ratio (DPR) is currently 7.92%.

Insider Transactions at Marvell Technology

In other news, insider Sandeep Bharathi sold 3,685 shares of the stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $234.97, for a total transaction of $865,864.45. Following the completion of the transaction, the insider directly owned 58,748 shares in the company, valued at approximately $13,804,017.56. This represents a 5.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Matthew J. Murphy sold 7,500 shares of the stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $235.47, for a total value of $1,766,025.00. Following the transaction, the chief executive officer owned 768,186 shares of the company's stock, valued at $180,884,757.42. This represents a 0.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 57,285 shares of company stock worth $12,837,063. 0.12% of the stock is owned by insiders.

Marvell Technology Company Profile

Marvell Technology, Inc NASDAQ: MRVL is a semiconductor company that develops infrastructure solutions for data centers, telecommunications networks, enterprise systems, automotive applications and other connected markets. Its products are designed to support the movement, processing, storage and security of data across complex computing and communications environments.

The company's portfolio includes data-processing and networking processors, custom application-specific integrated circuits, Ethernet switches and controllers, storage controllers, connectivity products, and electro-optics solutions.

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