Murphy Middleton Hinkle & Parker Inc. Buys New Holdings in Marvell Technology, Inc. $MRVL

Key Points

• Murphy Middleton Hinkle & Parker opened a new position in Marvell Technology, purchasing 12,446 shares valued at about $1.06 million during the fourth quarter.
• Other institutions also increased exposure—most notably Assenagon Asset Management boosted holdings by 415.6% to 180,972 shares (~$15.38 million)—and institutional investors now own 83.51% of the stock.
• Marvell posted a slight Q4 beat with EPS of $0.80 (vs. $0.79 est.) and revenue of $2.22 billion (+22.1% YoY), gave Q1 EPS guidance of 0.740–0.840, declared a $0.06 quarterly dividend (0.3% yield), and carries a consensus analyst rating of “Moderate Buy” with an average target of $117.24.

Murphy Middleton Hinkle & Parker Inc. purchased a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 12,446 shares of the semiconductor company's stock, valued at approximately $1,058,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Assenagon Asset Management S.A. increased its holdings in Marvell Technology by 415.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 180,972 shares of the semiconductor company's stock valued at $15,379,000 after buying an additional 145,870 shares during the period. Diversified Trust Co. lifted its holdings in shares of Marvell Technology by 5.1% during the 4th quarter. Diversified Trust Co. now owns 32,220 shares of the semiconductor company's stock worth $2,738,000 after acquiring an additional 1,570 shares during the period. Montecito Bank & Trust boosted its position in shares of Marvell Technology by 29.7% during the 4th quarter. Montecito Bank & Trust now owns 3,585 shares of the semiconductor company's stock valued at $305,000 after acquiring an additional 820 shares in the last quarter. Carr Financial Group Corp boosted its position in shares of Marvell Technology by 8.9% during the 4th quarter. Carr Financial Group Corp now owns 2,720 shares of the semiconductor company's stock valued at $231,000 after acquiring an additional 223 shares in the last quarter. Finally, Elevation Wealth Partners LLC increased its stake in Marvell Technology by 18.3% in the fourth quarter. Elevation Wealth Partners LLC now owns 1,183 shares of the semiconductor company's stock valued at $101,000 after acquiring an additional 183 shares during the period. Institutional investors own 83.51% of the company's stock.

Marvell Technology Price Performance

NASDAQ:MRVL opened at $90.16 on Tuesday. The company has a quick ratio of 1.58, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. The firm has a market cap of $78.84 billion, a PE ratio of 29.27, a price-to-earnings-growth ratio of 0.80 and a beta of 1.97. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month high of $102.77. The company's 50-day moving average price is $82.20 and its two-hundred day moving average price is $83.73.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its quarterly earnings data on Thursday, March 5th. The semiconductor company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.01. Marvell Technology had a net margin of 32.58% and a return on equity of 14.22%. The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same quarter last year, the business posted $0.60 earnings per share. The company's revenue was up 22.1% on a year-over-year basis. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. On average, equities analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Friday, April 10th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, April 10th. Marvell Technology's dividend payout ratio (DPR) is currently 7.79%.

Insiders Place Their Bets

In other Marvell Technology news, EVP Mark Casper sold 5,000 shares of Marvell Technology stock in a transaction on Monday, January 5th. The stock was sold at an average price of $93.08, for a total value of $465,400.00. Following the completion of the transaction, the executive vice president owned 19,418 shares in the company, valued at approximately $1,807,427.44. The trade was a 20.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.33% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. KGI Securities raised shares of Marvell Technology from a "neutral" rating to an "outperform" rating and set a $110.00 price target for the company in a research report on Friday, March 6th. Stifel Nicolaus lifted their price objective on Marvell Technology from $114.00 to $120.00 and gave the company a "buy" rating in a report on Friday, March 6th. Oppenheimer reiterated an "outperform" rating and issued a $150.00 price objective (up from $115.00) on shares of Marvell Technology in a research note on Wednesday, December 3rd. TD Cowen increased their target price on Marvell Technology from $85.00 to $90.00 and gave the stock a "hold" rating in a report on Friday, March 6th. Finally, Roth Mkm raised their target price on Marvell Technology from $105.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $117.24.

Marvell Technology Profile

Marvell Technology Group is a global semiconductor company that designs and develops integrated circuits and related software for data infrastructure, networking, storage and connectivity markets. The company's product portfolio includes system-on-chip (SoC) solutions, Ethernet physical-layer transceivers (PHYs), switch and switch silicon, optical interconnect components, storage controllers, and security processors. Marvell's technology is used to enable high-performance data centers, carrier networks, enterprise and cloud storage, as well as connectivity in automotive and industrial applications.

Founded in 1995 and headquartered in Santa Clara, California, Marvell has grown through both organic development and strategic acquisitions to broaden its capabilities across networking and data interconnect.

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