Kestra Advisory Services LLC Purchases 9,575 Shares of Marvell Technology, Inc. $MRVL

Key Points

• Kestra Advisory Services LLC increased its stake in Marvell Technology by 16.5%, acquiring an additional 9,575 shares, bringing their total holdings to 67,612 shares worth approximately $4.16 million.
• Several institutional investors have also recently increased their stakes, contributing to a total of 83.51% of Marvell Technology's stock being owned by institutional investors.
• Marvell Technology reported a 63.3% increase in quarterly revenue year-over-year, with earnings per share (EPS) of $0.62, surpassing analyst expectations of $0.61.

Kestra Advisory Services LLC increased its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 16.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 67,612 shares of the semiconductor company's stock after acquiring an additional 9,575 shares during the period. Kestra Advisory Services LLC's holdings in Marvell Technology were worth $4,163,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Capital Analysts LLC lifted its stake in Marvell Technology by 236.3% in the 4th quarter. Capital Analysts LLC now owns 343 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 241 shares during the last quarter. Chelsea Counsel Co. bought a new stake in Marvell Technology in the 4th quarter valued at $44,000. Bernard Wealth Management Corp. acquired a new stake in Marvell Technology during the 4th quarter valued at $45,000. Hughes Financial Services LLC bought a new stake in shares of Marvell Technology during the 1st quarter worth about $26,000. Finally, Johnson Financial Group Inc. grew its stake in Marvell Technology by 125.0% in the 4th quarter. Johnson Financial Group Inc. now owns 423 shares of the semiconductor company's stock valued at $48,000 after buying an additional 235 shares during the last quarter. 83.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MRVL has been the subject of several research reports. Benchmark restated a "buy" rating and set a $95.00 price objective on shares of Marvell Technology in a research report on Friday. Deutsche Bank Aktiengesellschaft dropped their price target on Marvell Technology from $100.00 to $85.00 and set a "buy" rating for the company in a report on Friday, May 30th. Wall Street Zen lowered Marvell Technology from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Zacks Research downgraded Marvell Technology from a "hold" rating to a "strong sell" rating in a report on Tuesday. Finally, KeyCorp reduced their target price on shares of Marvell Technology from $115.00 to $90.00 and set an "overweight" rating for the company in a research report on Friday, May 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $90.50.

Marvell Technology Price Performance

MRVL stock traded down $14.36 during mid-day trading on Friday, hitting $62.87. The stock had a trading volume of 96,548,218 shares, compared to its average volume of 14,810,202. The firm has a fifty day simple moving average of $74.69 and a 200 day simple moving average of $70.52. The firm has a market capitalization of $54.31 billion, a P/E ratio of -483.62, a P/E/G ratio of 0.68 and a beta of 1.83. The company has a current ratio of 1.30, a quick ratio of 0.94 and a debt-to-equity ratio of 0.22. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $127.48.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, hitting analysts' consensus estimates of $0.67. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.02%. The firm's quarterly revenue was up 57.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, research analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Friday, July 11th were issued 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 of this dividend was Friday, July 11th. Marvell Technology's dividend payout ratio (DPR) is currently -42.11%.

Insider Activity

In other news, EVP Mark Casper sold 3,000 shares of the business's stock in a transaction on Friday, July 18th. The stock was 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 approximately $1,241,743.05. The trade was a 14.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Panteha Dixon sold 1,283 shares of the company's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $68.50, for a total value of $87,885.50. Following the sale, 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. In the last quarter, insiders have sold 5,783 shares of company stock worth $407,716. Insiders own 0.19% of the company's stock.

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.