Sheets Smith Investment Management Takes $1.95 Million Position in Marvell Technology, Inc. $MRVL

Key Points

• Sheets Smith Investment Management opened a new position in Marvell, buying 23,231 shares worth ~$1.95 million, which represents about 1.3% of its portfolio and is its 22nd largest holding.
• Marvell posted a quarterly beat (EPS $0.76 vs. $0.74; revenue $2.07B, up 36.8% YoY), set Q4 guidance of $0.740–0.840, and the Board authorized a $5 billion share repurchase plan (up to ~7.8% of shares).
• Company insiders bought a net 27,200 shares (~$2.11M) in the last three months, institutional ownership is ~83.5%, and analysts have a consensus rating of "Moderate Buy" with a target of $111.25.

Sheets Smith Investment Management acquired a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 23,231 shares of the semiconductor company's stock, valued at approximately $1,953,000. Marvell Technology accounts for about 1.3% of Sheets Smith Investment Management's portfolio, making the stock its 22nd largest holding.

Other institutional investors have also made changes to their positions in the company. Hilltop National Bank raised its position in Marvell Technology by 3,239.5% in the third quarter. Hilltop National Bank now owns 20,705 shares of the semiconductor company's stock worth $1,741,000 after purchasing an additional 20,085 shares in the last quarter. Country Club Bank lifted its stake in Marvell Technology by 71.2% during the third quarter. Country Club Bank now owns 110,187 shares of the semiconductor company's stock worth $9,078,000 after purchasing an additional 45,824 shares during the period. Carr Financial Group Corp acquired a new stake in Marvell Technology during the third quarter valued at approximately $210,000. Accel Wealth Management bought a new stake in shares of Marvell Technology in the 3rd quarter valued at approximately $325,000. Finally, Montecito Bank & Trust acquired a new position in shares of Marvell Technology in the 3rd quarter worth approximately $232,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Marvell Technology

In other news, insider Sandeep Bharathi purchased 3,400 shares of the firm's stock in a transaction that occurred on Thursday, September 25th. The shares were acquired at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the completion of the acquisition, the insider directly owned 73,392 shares in the company, valued at approximately $5,726,777.76. The trade was a 4.86% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Chris Koopmans acquired 6,800 shares of the stock in a transaction that occurred on Thursday, September 25th. The stock was purchased at an average price of $78.03 per share, with a total value of $530,604.00. Following the completion of the transaction, the chief operating officer owned 104,825 shares of the company's stock, valued at approximately $8,179,494.75. This trade represents a 6.94% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders purchased 27,200 shares of company stock worth $2,109,632. Corporate insiders own 0.19% of the company's stock.

Marvell Technology Stock Up 3.4%

Shares of NASDAQ MRVL opened at $84.47 on Friday. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $127.48. The firm's 50-day simple moving average is $87.75 and its 200 day simple moving average is $78.74. The company has a quick ratio of 1.64, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. The company has a market cap of $71.64 billion, a price-to-earnings ratio of 29.64, a price-to-earnings-growth ratio of 0.79 and a beta of 1.93.

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

Marvell Technology declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, September 24th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to buy up to 7.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its shares are undervalued.

Marvell Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 29th. Shareholders of record on Friday, January 9th will be issued 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 dividend payout ratio is currently 8.42%.

Analyst Ratings Changes

MRVL has been the topic of several recent analyst reports. Evercore ISI boosted their price target on Marvell Technology from $122.00 to $156.00 and gave the company an "outperform" rating in a research note on Wednesday, December 3rd. Stifel Nicolaus lifted their price objective on Marvell Technology from $95.00 to $114.00 and gave the company a "buy" rating in a report on Wednesday, December 3rd. Rosenblatt Securities reaffirmed a "buy" rating and issued a $95.00 target price on shares of Marvell Technology in a report on Monday, December 1st. Needham & Company LLC increased their target price on shares of Marvell Technology from $95.00 to $120.00 and gave the stock a "buy" rating in a research report on Wednesday, December 3rd. Finally, Hsbc Global Res raised shares of Marvell Technology to a "hold" rating in a report on Monday, November 24th. Four analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $111.25.

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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