MassMutual Private Wealth & Trust FSB Acquires 14,176 Shares of Marvell Technology, Inc. $MRVL

Key Points

• MassMutual Private Wealth & Trust FSB increased its holdings in Marvell Technology by 18.5% in Q2, acquiring 14,176 shares, bringing their total to 90,759 shares valued at approximately $7.03 million.
• Marvell Technology reported revenues of $2.01 billion with an EPS of $0.67 for the last quarter, matching analyst expectations and showing a year-over-year revenue growth of 57.6%.
• Institutional investors hold 83.51% of Marvell’s stock, with analysts rating the company's stock as a "Moderate Buy" and setting a consensus price target of $90.50.

MassMutual Private Wealth & Trust FSB grew its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 18.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,759 shares of the semiconductor company's stock after acquiring an additional 14,176 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in Marvell Technology were worth $7,025,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Chelsea Counsel Co. bought a new stake in shares of Marvell Technology during the 4th quarter valued at about $44,000. Bernard Wealth Management Corp. bought a new stake in shares of Marvell Technology during the 4th quarter valued at about $45,000. Hughes Financial Services LLC bought a new stake in shares of Marvell Technology during the 1st quarter valued at about $26,000. Financial Connections Group Inc. raised its holdings in shares of Marvell Technology by 776.0% during the 1st quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company's stock valued at $27,000 after buying an additional 388 shares in the last quarter. Finally, Rossby Financial LCC purchased a new position in shares of Marvell Technology during the 1st quarter valued at about $27,000. Institutional investors own 83.51% of the company's stock.

Marvell Technology Price Performance

Shares of Marvell Technology stock opened at $67.43 on Tuesday. 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 business's 50 day simple moving average is $72.49 and its two-hundred day simple moving average is $67.56. The stock has a market capitalization of $58.13 billion, a P/E ratio of -518.69, a price-to-earnings-growth ratio of 0.81 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 announced its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, hitting analysts' consensus estimates of $0.67. The business had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $2.01 billion. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The business's quarterly revenue was up 57.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Insider Activity

In other news, EVP Mark Casper sold 3,000 shares of the business'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 transaction of $217,050.00. Following the transaction, the executive vice president directly 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Melius cut Marvell Technology from a "buy" rating to a "hold" rating and set a $66.00 price objective on the stock. in a report on Thursday, May 22nd. Susquehanna decreased their price objective on Marvell Technology from $110.00 to $90.00 and set a "positive" rating on the stock in a report on Tuesday, May 27th. Needham & Company LLC decreased their price objective on Marvell Technology from $85.00 to $80.00 and set a "buy" rating on the stock in a report on Friday, August 29th. Loop Capital decreased their price objective on Marvell Technology from $110.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Finally, Bank of America reissued a "neutral" rating and set a $78.00 price objective (down from $90.00) on shares of Marvell Technology in a report on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $90.50.

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.

Want to see what other hedge funds are holding MRVL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marvell Technology, Inc. (NASDAQ:MRVL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.