Strs Ohio Acquires New Shares in Marvell Technology, Inc. $MRVL

Key Points

• Strs Ohio has acquired a new position in Marvell Technology, Inc., purchasing 265,808 shares valued at approximately $16.37 million in the first quarter.
• Several institutional investors, including **Addison Capital Co.** and **Siren L.L.C.**, have significantly increased their stakes, underscoring strong interest in Marvell Technology.
• Analysts have mixed to positive views on Marvell Technology, with one firm upgrading its rating to "strong-buy" and others setting varied price targets, reflecting confidence in the company's growth potential.

Strs Ohio acquired a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 265,808 shares of the semiconductor company's stock, valued at approximately $16,366,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MRVL. Addison Capital Co raised its holdings in Marvell Technology by 29.5% in the first quarter. Addison Capital Co now owns 5,515 shares of the semiconductor company's stock valued at $340,000 after acquiring an additional 1,257 shares in the last quarter. Advisors Capital Management LLC raised its stake in Marvell Technology by 6.2% in the 1st quarter. Advisors Capital Management LLC now owns 8,770 shares of the semiconductor company's stock valued at $540,000 after purchasing an additional 515 shares during the last quarter. SWS Partners increased its stake in shares of Marvell Technology by 27.8% during the 1st quarter. SWS Partners now owns 68,476 shares of the semiconductor company's stock valued at $4,216,000 after acquiring an additional 14,884 shares during the last quarter. Siren L.L.C. increased its position in Marvell Technology by 636.2% during the 1st quarter. Siren L.L.C. now owns 36,808 shares of the semiconductor company's stock worth $2,266,000 after purchasing an additional 31,808 shares in the last quarter. Finally, Westbourne Investments Inc. purchased a new position in Marvell Technology in the 1st quarter worth approximately $246,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Marvell Technology Trading Up 1.1%

MRVL stock traded up $0.76 during trading on Friday, reaching $67.35. The company had a trading volume of 14,848,046 shares, compared to its average volume of 22,855,902. The business has a 50 day moving average of $72.57 and a 200 day moving average of $67.73. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $127.48. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44. The company has a market cap of $58.06 billion, a P/E ratio of -518.08, a PEG ratio of 0.81 and a beta of 1.85.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, hitting the consensus estimate of $0.67. The business had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $2.01 billion. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The company's revenue was up 57.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, sell-side analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Insider Buying and Selling at Marvell Technology

In related news, EVP Mark Casper sold 3,000 shares of Marvell Technology stock in a transaction that occurred on 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 transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Willem A. Meintjes sold 1,500 shares of the business's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $68.52, for a total transaction of $102,780.00. Following the completion of the sale, the chief financial officer owned 121,348 shares in the company, valued at $8,314,764.96. This represents a 1.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,783 shares of company stock worth $407,716 over the last three months. Insiders own 0.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MRVL shares. Barclays reiterated an "overweight" rating and set a $80.00 price target on shares of Marvell Technology in a research report on Friday, August 29th. BNP Paribas raised Marvell Technology to a "strong-buy" rating in a report on Friday, August 29th. Zacks Research cut Marvell Technology from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 26th. Rosenblatt Securities cut their price target on Marvell Technology from $124.00 to $95.00 and set a "buy" rating on the stock in a report on Friday, August 29th. Finally, UBS Group decreased their target price on Marvell Technology from $110.00 to $95.00 and set a "buy" rating on the stock 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 assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $90.50.

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.