Grant Private Wealth Management Inc Purchases Shares of 25,363 Marvell Technology, Inc. $MRVL

Key Points

• Grant Private Wealth Management Inc acquired a new stake in Marvell Technology during the second quarter, purchasing 25,363 shares valued at approximately $1.96 million, making it the 28th largest holding in their portfolio.
• Several institutional investors significantly increased their stakes in Marvell Technology, including Nuveen LLC with a stake valued at $399.6 million and Goldman Sachs raising its position by 32.3% to $1.27 billion.
• Marvell Technology announced a quarterly dividend of $0.06 per share to be paid on October 30th, representing an annualized yield of 0.3%, while the company's recent earnings report indicated a revenue increase of 57.6% year-over-year.

Grant Private Wealth Management Inc purchased a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 25,363 shares of the semiconductor company's stock, valued at approximately $1,963,000. Marvell Technology makes up 1.1% of Grant Private Wealth Management Inc's portfolio, making the stock its 28th biggest holding.

Other large investors have also added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in shares of Marvell Technology during the first quarter worth approximately $399,587,000. Goldman Sachs Group Inc. grew its position in Marvell Technology by 32.3% in the first quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company's stock valued at $1,272,117,000 after acquiring an additional 5,050,159 shares during the last quarter. Impax Asset Management Group plc increased its holdings in shares of Marvell Technology by 748.3% during the first quarter. Impax Asset Management Group plc now owns 3,700,841 shares of the semiconductor company's stock valued at $227,033,000 after acquiring an additional 3,264,557 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Marvell Technology by 662.9% during the 1st quarter. AQR Capital Management LLC now owns 3,119,855 shares of the semiconductor company's stock worth $187,566,000 after acquiring an additional 2,710,894 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in Marvell Technology by 8,128.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 2,460,851 shares of the semiconductor company's stock worth $151,515,000 after purchasing an additional 2,430,945 shares during the period. 83.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MRVL has been the subject of a number of recent research reports. BNP Paribas upgraded Marvell Technology to a "strong-buy" rating in a report on Friday, August 29th. China Renaissance assumed coverage on shares of Marvell Technology in a research note on Thursday, June 5th. They issued a "buy" rating and a $110.00 target price on the stock. Piper Sandler reiterated an "overweight" rating and issued a $85.00 target price (down from $95.00) on shares of Marvell Technology in a research note on Friday, May 30th. Melius Research increased their price objective on shares of Marvell Technology from $67.00 to $76.00 and gave the company a "hold" rating in a research report on Wednesday, June 18th. Finally, Redburn Atlantic started coverage on shares of Marvell Technology in a research report on Wednesday, May 28th. They set a "neutral" rating and a $67.00 target price for the company. Two 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $90.50.

Marvell Technology Stock Performance

MRVL stock traded up $0.03 during mid-day trading on Friday, reaching $74.26. The company had a trading volume of 31,771,842 shares, compared to its average volume of 25,466,242. The stock's 50-day simple moving average is $72.45 and its two-hundred day simple moving average is $67.22. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $64.02 billion, a P/E ratio of -571.23, a P/E/G ratio of 0.90 and a beta of 1.85. Marvell Technology, Inc. has a one year low of $47.08 and a one year high of $127.48.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued 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 business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period in the prior year, the company posted $0.30 earnings per share. Marvell Technology's revenue was up 57.6% on a year-over-year basis. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Research analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Friday, October 10th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. Marvell Technology's dividend payout ratio is currently -184.62%.

Insider Activity at Marvell Technology

In other Marvell Technology news, EVP Mark Casper sold 3,000 shares of the stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $72.35, for a total transaction 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.33% of the stock is owned by company insiders.

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.