Parisi Gray Wealth Management Raises Position in Marvell Technology, Inc. $MRVL

Key Points

• Parisi Gray Wealth Management increased its holdings in Marvell Technology by 27.0%, owning 22,507 shares valued at approximately $1.74 million as of their latest SEC filing.
• Marvell Technology achieved quarterly revenue of $2.01 billion, a 57.6% increase year-over-year, and reported earnings per share of $0.67, meeting analyst expectations.
• Brokerages are generally optimistic, with Oppenheimer reaffirming a $95.00 target price and a consensus rating of "Moderate Buy" for Marvell's stock among analysts.

Parisi Gray Wealth Management increased its holdings in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 27.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,507 shares of the semiconductor company's stock after purchasing an additional 4,782 shares during the quarter. Parisi Gray Wealth Management's holdings in Marvell Technology were worth $1,742,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Hughes Financial Services LLC purchased a new position in shares of Marvell Technology in the first quarter valued at about $26,000. Rossby Financial LCC purchased a new position in shares of Marvell Technology in the first quarter valued at about $27,000. Financial Connections Group Inc. boosted its stake 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 purchasing an additional 388 shares in the last quarter. Vision Financial Markets LLC bought a new stake in shares of Marvell Technology during the 1st quarter valued at about $28,000. Finally, Security National Bank bought a new stake in shares of Marvell Technology during the 1st quarter valued at about $31,000. Hedge funds and other institutional investors own 83.51% of the company's stock.

Insider Transactions at Marvell Technology

In related news, EVP Mark Casper sold 3,000 shares of the firm's stock in a transaction dated 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 sale, the executive vice president directly owned 17,163 shares in the company, valued at approximately $1,241,743.05. This trade represents a 14.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.33% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MRVL. Oppenheimer reaffirmed an "outperform" rating and set a $95.00 target price on shares of Marvell Technology in a research note on Friday, August 29th. Evercore ISI cut their price objective on shares of Marvell Technology from $133.00 to $122.00 and set an "outperform" rating on the stock in a report on Friday, August 29th. Morgan Stanley cut their price objective on shares of Marvell Technology from $80.00 to $76.00 and set an "equal weight" rating on the stock in a report on Friday, August 29th. Benchmark restated a "buy" rating and issued a $95.00 price objective on shares of Marvell Technology in a report on Friday, August 29th. Finally, Wells Fargo & Company cut their price objective on shares of Marvell Technology from $95.00 to $90.00 and set an "overweight" rating on the stock in a report on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $90.50.

Marvell Technology Stock Up 1.1%

MRVL stock opened at $67.35 on Monday. The firm's fifty day simple moving average is $72.57 and its 200-day simple moving average is $67.73. The company has a market capitalization of $58.06 billion, a P/E ratio of -518.08, a price-to-earnings-growth ratio of 0.81 and a beta of 1.85. 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, Inc. has a 12 month low of $47.08 and a 12 month 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 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.67. The firm had revenue of $2.01 billion for 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 11.01%. The firm's quarterly revenue was up 57.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 earnings per share. 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 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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