Salem Investment Counselors Inc. Has $9.43 Million Stake in Marvell Technology, Inc. $MRVL

Key Points

• Salem Investment Counselors raised its stake in Marvell by 33.2% to 111,010 shares worth $9.43 million in the latest SEC filing; institutional investors now own 83.51% of the stock while insiders own 0.33%, including an EVP sale of 5,000 shares.
• Marvell beat Q4 estimates with $0.80 EPS (vs. $0.79) and $2.22B revenue, up 22.1% year-over-year, and provided Q1 2027 guidance of $0.740–$0.840 per share.
• Analysts have been lifting targets (e.g., Stifel to $120, JPMorgan to $135) and MarketBeat shows an average rating of Moderate Buy with a $117.24 target; the company also declared a $0.06 quarterly dividend (0.3% yield).

Salem Investment Counselors Inc. raised its stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 33.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 111,010 shares of the semiconductor company's stock after acquiring an additional 27,696 shares during the period. Salem Investment Counselors Inc.'s holdings in Marvell Technology were worth $9,434,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Ellsworth Advisors LLC acquired a new stake in shares of Marvell Technology during the third quarter worth approximately $5,864,000. Vanguard Group Inc. boosted its holdings in shares of Marvell Technology by 23.5% in the 3rd quarter. Vanguard Group Inc. now owns 79,610,208 shares of the semiconductor company's stock worth $6,692,830,000 after acquiring an additional 15,166,976 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of Marvell Technology by 1,292.1% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 389,809 shares of the semiconductor company's stock worth $32,656,000 after acquiring an additional 361,807 shares in the last quarter. Norges Bank bought a new stake in Marvell Technology during the 2nd quarter worth approximately $716,713,000. Finally, Triasima Portfolio Management inc. bought a new stake in Marvell Technology during the 3rd quarter worth approximately $1,426,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Marvell Technology

In other Marvell Technology news, EVP Mark Casper sold 5,000 shares of the company's stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $93.08, for a total transaction of $465,400.00. Following the transaction, the executive vice president directly owned 19,418 shares in the company, valued at approximately $1,807,427.44. This represents a 20.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.33% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on MRVL. Cantor Fitzgerald reiterated a "neutral" rating on shares of Marvell Technology in a research report on Friday, March 6th. KGI Securities upgraded Marvell Technology from a "neutral" rating to an "outperform" rating and set a $110.00 target price on the stock in a report on Friday, March 6th. Stifel Nicolaus raised their target price on Marvell Technology from $114.00 to $120.00 and gave the company a "buy" rating in a research note on Friday, March 6th. JPMorgan Chase & Co. lifted their price target on Marvell Technology from $130.00 to $135.00 and gave the company an "overweight" rating in a report on Friday, March 6th. Finally, Wall Street Zen downgraded shares of Marvell Technology from a "buy" rating to a "hold" rating in a research report on Sunday, March 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Marvell Technology presently has an average rating of "Moderate Buy" and an average price target of $117.24.

Marvell Technology Stock Up 2.6%

NASDAQ:MRVL opened at $90.16 on Tuesday. The company has a market cap of $78.84 billion, a price-to-earnings ratio of 29.27, a P/E/G ratio of 0.80 and a beta of 1.97. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.58 and a current ratio of 2.01. The stock's fifty day moving average price is $82.20 and its two-hundred day moving average price is $83.73. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $102.77.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its earnings results on Thursday, March 5th. The semiconductor company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.79 by $0.01. The company had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.21 billion. Marvell Technology had a return on equity of 14.22% and a net margin of 32.58%.The business's revenue for the quarter was up 22.1% on a year-over-year basis. During the same period last year, the firm earned $0.60 EPS. Marvell Technology has set its Q1 2027 guidance at 0.740-0.840 EPS. On average, analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Friday, April 10th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, April 10th. Marvell Technology's payout ratio is currently 7.79%.

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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