Peterson Wealth Management Cuts Stock Holdings in Marvell Technology, Inc. $MRVL

Key Points

• Peterson Wealth Management has reduced its stake in Marvell Technology, Inc. by 24.7%, now holding 12,985 shares valued at approximately $800,000.
• Several large investors have also made moves involving Marvell, with 83.51% of the stock currently owned by hedge funds and institutional investors, highlighting significant interest in the semiconductor company.
• Marvell reported earnings of $0.67 EPS for the quarter, aligning with analysts' expectations, while its revenue increased by 57.6% year-over-year to $2.01 billion.

Peterson Wealth Management reduced its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 24.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,985 shares of the semiconductor company's stock after selling 4,256 shares during the period. Peterson Wealth Management's holdings in Marvell Technology were worth $800,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Marvell Technology during the 4th quarter worth approximately $234,000. Westbourne Investments Inc. purchased a new stake in Marvell Technology during the 1st quarter worth approximately $246,000. Dynamic Advisor Solutions LLC increased its stake in Marvell Technology by 5.0% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 4,313 shares of the semiconductor company's stock worth $266,000 after buying an additional 206 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in Marvell Technology by 90.1% during the 1st quarter. Integrated Wealth Concepts LLC now owns 19,320 shares of the semiconductor company's stock worth $1,190,000 after buying an additional 9,155 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Marvell Technology during the 1st quarter worth approximately $501,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Marvell Technology

In related news, CAO Panteha Dixon sold 1,283 shares of the company's stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 29,572 shares in the company, valued at approximately $2,025,682. This represents a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Mark Casper sold 3,000 shares of the company's stock in a transaction on Friday, July 18th. The stock was sold at an average price of $72.35, for a total value of $217,050.00. Following the transaction, the executive vice president owned 17,163 shares in the company, valued at $1,241,743.05. This trade represents a 14.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,783 shares of company stock worth $407,716. Insiders own 0.19% of the company's stock.

Marvell Technology Trading Down 0.8%

MRVL opened at $66.59 on Friday. Marvell Technology, Inc. has a one year low of $47.08 and a one year high of $127.48. The stock has a market capitalization of $57.41 billion, a PE ratio of -512.23, a P/E/G ratio of 0.81 and a beta of 1.85. The business's 50 day moving average price is $72.72 and its 200 day moving average price is $68.23. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.88.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, meeting analysts' consensus estimates of $0.67. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The firm had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $2.01 billion. During the same period in the prior year, the firm posted $0.30 earnings per share. 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. As a group, equities research analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Analysts Set New Price Targets

MRVL has been the subject of several research reports. China Renaissance initiated coverage on Marvell Technology in a research note on Thursday, June 5th. They set a "buy" rating and a $110.00 price objective for the company. The Goldman Sachs Group initiated coverage on Marvell Technology in a research report on Thursday, July 10th. They issued a "neutral" rating and a $75.00 price target for the company. Redburn Atlantic began coverage on Marvell Technology in a report on Wednesday, May 28th. They issued a "neutral" rating and a $67.00 price target for the company. Jefferies Financial Group lowered their price objective on Marvell Technology from $90.00 to $80.00 and set a "buy" rating on the stock in a research note on Friday, August 29th. Finally, JPMorgan Chase & Co. dropped their target price on Marvell Technology from $130.00 to $120.00 and set an "overweight" rating for the company 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 issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $90.50.

About Marvell Technology

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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