United Asset Strategies Inc. Purchases 23,421 Shares of Marvell Technology, Inc. $MRVL

Key Points

• United Asset Strategies Inc. increased its stake in Marvell Technology, Inc. by 10.7%, holding approximately 243,309 shares valued at $14.98 million as of the end of the last quarter.
• Analyst ratings for Marvell Technology are largely positive, with a consensus rating of "Moderate Buy" and an average target price of $94.70.
• Marvell Technology reported earnings per share of $0.62 for the last quarter, exceeding analysts' expectations and demonstrating a 63.3% year-over-year revenue increase.

United Asset Strategies Inc. grew its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 10.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 243,309 shares of the semiconductor company's stock after buying an additional 23,421 shares during the quarter. Marvell Technology accounts for 1.4% of United Asset Strategies Inc.'s portfolio, making the stock its 19th largest position. United Asset Strategies Inc.'s holdings in Marvell Technology were worth $14,981,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Capital Analysts LLC grew its holdings in shares of Marvell Technology by 236.3% during the fourth quarter. Capital Analysts LLC now owns 343 shares of the semiconductor company's stock valued at $38,000 after buying an additional 241 shares during the last quarter. Chelsea Counsel Co. purchased a new stake in shares of Marvell Technology during the fourth quarter valued at approximately $44,000. Bernard Wealth Management Corp. purchased a new stake in shares of Marvell Technology during the fourth quarter valued at approximately $45,000. Hughes Financial Services LLC purchased a new stake in shares of Marvell Technology during the first quarter valued at approximately $26,000. Finally, Johnson Financial Group Inc. grew its holdings in shares of Marvell Technology by 125.0% during the fourth quarter. Johnson Financial Group Inc. now owns 423 shares of the semiconductor company's stock valued at $48,000 after buying an additional 235 shares during the last quarter. Hedge funds and other institutional investors own 83.51% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on MRVL shares. Bank of America increased their price target on shares of Marvell Technology from $80.00 to $90.00 and gave the company a "buy" rating in a report on Wednesday, June 18th. Rosenblatt Securities reiterated a "buy" rating and set a $124.00 price target on shares of Marvell Technology in a report on Wednesday, June 18th. Morgan Stanley restated an "equal weight" rating on shares of Marvell Technology in a research report on Friday, August 8th. KeyCorp lowered their price objective on shares of Marvell Technology from $115.00 to $90.00 and set an "overweight" rating on the stock in a research report on Friday, May 30th. Finally, Susquehanna lowered their price objective on shares of Marvell Technology from $110.00 to $90.00 and set a "positive" rating on the stock in a research report on Tuesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Marvell Technology currently has an average rating of "Moderate Buy" and a consensus target price of $94.70.

Insiders Place Their Bets

In other Marvell Technology news, EVP Mark Casper sold 3,000 shares of the 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 transaction, the executive vice president directly owned 17,163 shares in the company, valued at approximately $1,241,743.05. This trade represents a 14.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Willem A. Meintjes sold 1,500 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer owned 121,348 shares in the company, valued at $8,314,764.96. The trade was a 1.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,783 shares of company stock worth $407,716. Company insiders own 0.19% of the company's stock.

Marvell Technology Stock Performance

MRVL traded up $1.79 during trading on Friday, hitting $73.00. The company's stock had a trading volume of 14,399,279 shares, compared to its average volume of 16,045,754. The company has a quick ratio of 0.94, a current ratio of 1.30 and a debt-to-equity ratio of 0.22. Marvell Technology, Inc. has a one year low of $47.08 and a one year high of $127.48. The firm has a market cap of $63.06 billion, a PE ratio of -128.07, a P/E/G ratio of 0.79 and a beta of 1.83. The business's 50 day simple moving average is $74.72 and its 200-day simple moving average is $71.87.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The semiconductor company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. Marvell Technology had a negative net margin of 7.56% and a positive return on equity of 8.42%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the firm earned $0.24 earnings per share. The company's quarterly revenue was up 63.3% on a year-over-year basis. Marvell Technology has set its Q2 2026 guidance at 0.620-0.720 EPS. As a group, sell-side analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Friday, July 11th were given a $0.06 dividend. The ex-dividend date was Friday, July 11th. This represents a $0.24 annualized dividend and a yield of 0.3%. Marvell Technology's dividend payout ratio (DPR) is presently -42.11%.

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.