Strategic Advocates LLC Invests $306,000 in Marvell Technology, Inc. $MRVL

Key Points

• Strategic Advocates LLC has acquired a new stake of 3,956 shares in Marvell Technology, Inc. during Q2, valued at approximately $306,000.
• Brokerages have recently issued mixed ratings for Marvell Technology's stock, with a consensus price target of $90.50 and a majority rating of "Moderate Buy".
• Marvell Technology reported earnings of $0.67 per share, meeting expectations and reflecting a 57.6% year-over-year revenue increase to $2.01 billion.

Strategic Advocates LLC bought a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 3,956 shares of the semiconductor company's stock, valued at approximately $306,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Parisi Gray Wealth Management lifted its stake in Marvell Technology by 27.0% during the second quarter. Parisi Gray Wealth Management now owns 22,507 shares of the semiconductor company's stock worth $1,742,000 after purchasing an additional 4,782 shares during the last quarter. Red Spruce Capital LLC bought a new stake in Marvell Technology in the second quarter valued at $1,975,000. Parallel Advisors LLC increased its holdings in shares of Marvell Technology by 149.7% during the second quarter. Parallel Advisors LLC now owns 23,657 shares of the semiconductor company's stock valued at $1,831,000 after purchasing an additional 14,184 shares during the period. Wesbanco Bank Inc. increased its holdings in shares of Marvell Technology by 53.8% during the second quarter. Wesbanco Bank Inc. now owns 68,615 shares of the semiconductor company's stock valued at $5,311,000 after purchasing an additional 24,000 shares during the period. Finally, Modus Advisors LLC acquired a new position in shares of Marvell Technology during the second quarter valued at $337,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Marvell Technology Stock Performance

Shares of NASDAQ MRVL traded up $0.11 during midday trading on Friday, hitting $74.34. 10,850,867 shares of the company's stock were exchanged, compared to its average volume of 19,131,342. The firm has a market capitalization of $64.09 billion, a PE ratio of -572.73, a price-to-earnings-growth ratio of 0.86 and a beta of 1.85. The company's 50 day moving average price is $72.42 and its 200 day moving average price is $67.51. 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 12 month low of $47.08 and a 12 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 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.67. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The firm's revenue was up 57.6% compared to the same quarter last year. During the same period last year, the company earned $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, analysts predict that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Mark Casper sold 3,000 shares of the company's stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $72.35, for a total transaction of $217,050.00. Following the sale, the executive vice president directly owned 17,163 shares in the company, valued at approximately $1,241,743.05. This represents a 14.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.19% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MRVL has been the topic of a number of research analyst reports. Piper Sandler reaffirmed an "overweight" rating and set a $85.00 target price (down from $95.00) on shares of Marvell Technology in a report on Friday, May 30th. Redburn Atlantic assumed coverage on Marvell Technology in a report on Wednesday, May 28th. They set a "neutral" rating and a $67.00 price target for the company. Loop Capital reduced their price target on Marvell Technology from $110.00 to $90.00 and set a "buy" rating for the company in a report on Friday, May 30th. Evercore ISI dropped their price target on Marvell Technology from $133.00 to $122.00 and set an "outperform" rating on the stock in a research report on Friday, August 29th. Finally, Barclays reaffirmed an "overweight" rating and issued a $80.00 price target on shares of Marvell Technology in a research report on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $90.50.

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.