Integrated Wealth Concepts LLC Has $1.19 Million Stake in Marvell Technology, Inc. $MRVL

Integrated Wealth Concepts LLC raised its position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 90.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,320 shares of the semiconductor company's stock after purchasing an additional 9,155 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Marvell Technology were worth $1,190,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of MRVL. Nuveen Asset Management LLC raised its stake in shares of Marvell Technology by 232.2% in the 4th quarter. Nuveen Asset Management LLC now owns 9,360,425 shares of the semiconductor company's stock valued at $1,033,859,000 after purchasing an additional 6,543,132 shares during the period. Nuveen LLC acquired a new stake in shares of Marvell Technology in the 1st quarter valued at about $399,587,000. Goldman Sachs Group Inc. raised its stake in shares of Marvell Technology by 32.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company's stock valued at $1,272,117,000 after purchasing an additional 5,050,159 shares during the period. Impax Asset Management Group plc increased its position in shares of Marvell Technology by 748.3% in 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 during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Marvell Technology by 662.9% in the first quarter. AQR Capital Management LLC now owns 3,119,855 shares of the semiconductor company's stock valued at $187,566,000 after acquiring an additional 2,710,894 shares during the last quarter. Institutional investors and hedge funds own 83.51% of the company's stock.

Insider Activity

In other Marvell Technology news, EVP Mark Casper sold 3,000 shares of the business's stock in a transaction that occurred on 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 directly owned 17,163 shares in the company, valued at $1,241,743.05. The trade was a 14.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Panteha Dixon sold 1,283 shares of the business'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 transaction of $87,885.50. Following the transaction, the chief accounting officer owned 29,572 shares of the company's stock, valued at approximately $2,025,682. This represents a 4.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,783 shares of company stock worth $407,716. Corporate insiders own 0.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on MRVL shares. TD Cowen lifted their target price on Marvell Technology from $60.00 to $70.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Melius Research lifted their target price on Marvell Technology from $67.00 to $76.00 and gave the company a "hold" rating in a research report on Wednesday, June 18th. Raymond James Financial reaffirmed an "outperform" rating and issued a $90.00 target price (down previously from $110.00) on shares of Marvell Technology in a research report on Friday, May 30th. Redburn Atlantic started coverage on Marvell Technology in a research report on Wednesday, May 28th. They issued a "neutral" rating and a $67.00 target price on the stock. Finally, Wells Fargo & Company lowered their target price on Marvell Technology from $95.00 to $90.00 and set an "overweight" rating on the stock in a research report on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Marvell Technology presently has an average rating of "Moderate Buy" and an average price target of $90.50.

Marvell Technology Trading Up 0.4%

Shares of NASDAQ:MRVL opened at $67.10 on Thursday. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $127.48. The stock has a market cap of $57.85 billion, a PE ratio of -516.15, a P/E/G ratio of 0.81 and a beta of 1.85. The business has a 50 day moving average of $72.89 and a 200-day moving average of $68.45. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30.

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 (EPS) for the quarter, hitting 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 analysts' expectations of $2.01 billion. During the same quarter in the previous year, the company posted $0.30 earnings per share. The business'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. As a group, equities research analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Friday, July 11th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Friday, July 11th. Marvell Technology's payout ratio is presently -184.62%.

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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