Robeco Schweiz AG Has $81.86 Million Stock Holdings in Marvell Technology, Inc. $MRVL

Key Points

• Robeco Schweiz AG increased its stake in Marvell to 973,765 shares worth $81.86 million, representing 0.11% of Marvell and 1.8% of Robeco's portfolio (its 15th largest holding).
• Marvell reported Q3 EPS of $0.76 and revenue of $2.07 billion (up 36.8% YoY), set Q4 guidance of $0.740–0.840 EPS, and announced a $5.0 billion share buyback plus a $0.06 quarterly dividend (0.3% yield).
• Analysts have raised targets and ratings, leaving a MarketBeat consensus of Moderate Buy with a $116.03 price target, while some firms have set targets as high as $150.

Robeco Schweiz AG lifted its stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 1.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 973,765 shares of the semiconductor company's stock after acquiring an additional 12,977 shares during the quarter. Marvell Technology makes up 1.8% of Robeco Schweiz AG's portfolio, making the stock its 15th biggest holding. Robeco Schweiz AG owned 0.11% of Marvell Technology worth $81,864,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Game Plan Financial Advisors LLC bought a new position in Marvell Technology during the second quarter valued at about $27,000. Atlantic Edge Private Wealth Management LLC raised its stake in shares of Marvell Technology by 160.0% in the 3rd quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company's stock valued at $27,000 after buying an additional 200 shares in the last quarter. Kiker Wealth Management LLC lifted its holdings in shares of Marvell Technology by 374.7% during the 2nd quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company's stock worth $28,000 after acquiring an additional 281 shares during the period. Nova Wealth Management Inc. boosted its position in shares of Marvell Technology by 3,922.2% during the 3rd quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company's stock valued at $30,000 after acquiring an additional 353 shares in the last quarter. Finally, Westside Investment Management Inc. increased its stake in Marvell Technology by 62.5% in the second quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 160 shares during the period. Institutional investors and hedge funds own 83.51% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on MRVL shares. The Goldman Sachs Group raised their price target on shares of Marvell Technology from $80.00 to $90.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 3rd. Summit Insights upgraded Marvell Technology from a "hold" rating to a "buy" rating in a research report on Wednesday, December 3rd. Piper Sandler set a $110.00 target price on shares of Marvell Technology in a report on Wednesday, December 3rd. Oppenheimer restated an "outperform" rating and issued a $150.00 price target (up from $115.00) on shares of Marvell Technology in a research report on Wednesday, December 3rd. Finally, Roth Capital lifted their target price on Marvell Technology from $105.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, December 3rd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and thirteen have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $116.03.

Marvell Technology Trading Up 0.2%

Shares of NASDAQ:MRVL opened at $83.05 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.64. The company's 50-day moving average price is $87.19 and its two-hundred day moving average price is $80.79. The stock has a market capitalization of $70.43 billion, a PE ratio of 29.14, a price-to-earnings-growth ratio of 0.80 and a beta of 1.95. Marvell Technology, Inc. has a one year low of $47.08 and a one year high of $127.48.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.02. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.06 billion. Marvell Technology had a return on equity of 13.15% and a net margin of 31.75%.The business's revenue was up 36.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 earnings per share. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. On average, equities analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 29th. Shareholders of record on Friday, January 9th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $0.24 annualized dividend and a yield of 0.3%. Marvell Technology's payout ratio is presently 8.42%.

Marvell Technology declared that its Board of Directors has initiated a stock buyback plan on Wednesday, September 24th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the semiconductor company to purchase up to 7.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its stock is undervalued.

Insider Buying and Selling at Marvell Technology

In related news, EVP Mark Casper sold 5,000 shares of the business's stock in a transaction on Monday, January 5th. The stock was sold at an average price of $93.08, for a total transaction of $465,400.00. Following the sale, the executive vice president owned 19,418 shares in the company, valued at $1,807,427.44. The trade was a 20.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.33% of the stock is currently owned by company insiders.

Marvell Technology Company 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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