Pallas Capital Advisors LLC Has $5.45 Million Holdings in Marvell Technology, Inc. $MRVL

Pallas Capital Advisors LLC cut its holdings in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 9.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 70,375 shares of the semiconductor company's stock after selling 7,460 shares during the period. Pallas Capital Advisors LLC's holdings in Marvell Technology were worth $5,447,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Chelsea Counsel Co. acquired a new position in shares of Marvell Technology in the fourth quarter valued at about $44,000. Bernard Wealth Management Corp. acquired a new position in shares of Marvell Technology in the fourth quarter valued at about $45,000. Hughes Financial Services LLC acquired a new position in shares of Marvell Technology in the first quarter valued at about $26,000. Financial Connections Group Inc. grew its stake in shares of Marvell Technology by 776.0% in the first quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company's stock valued at $27,000 after acquiring an additional 388 shares in the last quarter. Finally, Rossby Financial LCC acquired a new position in shares of Marvell Technology in the first quarter valued at about $27,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Marvell Technology Stock Up 2.1%

Shares of NASDAQ MRVL opened at $68.86 on Wednesday. The company has a 50 day simple moving average of $72.42 and a 200 day simple moving average of $67.57. The firm has a market cap of $59.36 billion, a PE ratio of -529.69, a price-to-earnings-growth ratio of 0.81 and a beta of 1.85. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44.

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, meeting analysts' consensus estimates of $0.67. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the business earned $0.30 EPS. The firm's quarterly 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. On average, research analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Insider Transactions at Marvell Technology

In other Marvell Technology news, EVP Mark Casper sold 3,000 shares of the firm'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 owned 17,163 shares in the company, valued at approximately $1,241,743.05. This trade represents a 14.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on MRVL. Rosenblatt Securities decreased their price target on shares of Marvell Technology from $124.00 to $95.00 and set a "buy" rating on the stock in a research note on Friday, August 29th. China Renaissance assumed coverage on shares of Marvell Technology in a research note on Thursday, June 5th. They set a "buy" rating and a $110.00 price objective on the stock. UBS Group reduced their price objective on shares of Marvell Technology from $110.00 to $95.00 and set a "buy" rating on the stock in a research note on Friday, August 29th. Redburn Atlantic assumed coverage on shares of Marvell Technology in a research note on Wednesday, May 28th. They set a "neutral" rating and a $67.00 price objective on the stock. Finally, TD Cowen increased their price objective on shares of Marvell Technology from $60.00 to $70.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $90.50.

Marvell Technology 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.

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