Private Client Services LLC Acquires Shares of 4,463 Marvell Technology, Inc. $MRVL

Key Points

• Private Client Services LLC made a new investment of $345,000 in Marvell Technology, acquiring 4,463 shares in the second quarter.
• Marvell Technology reported a 57.6% increase in quarterly revenue year-over-year, reaching $2.01 billion, with earnings per share of $0.67 consistent with analyst estimates.
• A majority of analysts maintain a "Moderate Buy" rating on Marvell Technology, with a consensus price target set at $90.50.

Private Client Services LLC acquired a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,463 shares of the semiconductor company's stock, valued at approximately $345,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MRVL. Vanguard Group Inc. boosted its position in shares of Marvell Technology by 1.9% during the first quarter. Vanguard Group Inc. now owns 63,770,122 shares of the semiconductor company's stock worth $3,926,326,000 after buying an additional 1,212,338 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Marvell Technology by 32.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company's stock worth $1,272,117,000 after acquiring an additional 5,050,159 shares in the last quarter. Brown Advisory Inc. raised its holdings in shares of Marvell Technology by 2.2% in the first quarter. Brown Advisory Inc. now owns 19,300,527 shares of the semiconductor company's stock valued at $1,188,333,000 after purchasing an additional 423,892 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Marvell Technology by 2.6% in the first quarter. Ameriprise Financial Inc. now owns 8,942,304 shares of the semiconductor company's stock worth $562,991,000 after purchasing an additional 227,555 shares in the last quarter. Finally, Pictet Asset Management Holding SA boosted its holdings in Marvell Technology by 6.7% during the first quarter. Pictet Asset Management Holding SA now owns 7,776,196 shares of the semiconductor company's stock worth $478,794,000 after purchasing an additional 488,610 shares during the last quarter. 83.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Marvell Technology news, EVP Mark Casper sold 3,000 shares of Marvell Technology stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $72.35, for a total value of $217,050.00. Following the completion of the sale, the executive vice president owned 17,163 shares in the company, valued at $1,241,743.05. The trade was a 14.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.19% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Cantor Fitzgerald reissued a "neutral" rating and set a $75.00 price target on shares of Marvell Technology in a research report on Friday, August 29th. Wall Street Zen raised Marvell Technology from a "hold" rating to a "buy" rating in a research report on Saturday. Evercore ISI cut their price objective on Marvell Technology from $133.00 to $122.00 and set an "outperform" rating for the company in a report on Friday, August 29th. Zacks Research downgraded shares of Marvell Technology from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 26th. Finally, Susquehanna cut their price target on shares of Marvell Technology from $110.00 to $90.00 and set a "positive" rating for the company in a research note on Tuesday, May 27th. Two investment 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 given a Sell rating to the company's stock. According to MarketBeat.com, Marvell Technology has an average rating of "Moderate Buy" and a consensus price target of $90.50.

Marvell Technology Stock Performance

Shares of Marvell Technology stock traded up $0.08 on Monday, hitting $67.43. The stock had a trading volume of 17,319,789 shares, compared to its average volume of 19,086,518. The stock has a market cap of $58.13 billion, a price-to-earnings ratio of -518.69, a price-to-earnings-growth ratio of 0.81 and a beta of 1.85. The business's 50 day moving average is $72.57 and its two-hundred day moving average is $67.73. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve month high of $127.48.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued 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 analyst estimates of $2.01 billion. During the same period in the prior year, the firm posted $0.30 EPS. The company's revenue for the quarter was up 57.6% on a year-over-year basis. 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.

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.