Wesbanco Bank Inc. Has $5.31 Million Stock Holdings in Marvell Technology, Inc. $MRVL

Key Points

• Wesbanco Bank Inc. increased its holdings in Marvell Technology, Inc. by 53.8% in Q2, now owning 68,615 shares valued at approximately $5.31 million.
• A significant 83.51% of Marvell's stock is owned by institutional investors, indicating strong market interest.
• Marvell Technology's stock received mixed analyst ratings recently, with two analysts rating it as a Strong Buy and a consensus price target of $90.50.

Wesbanco Bank Inc. grew its holdings in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 53.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 68,615 shares of the semiconductor company's stock after buying an additional 24,000 shares during the quarter. Wesbanco Bank Inc.'s holdings in Marvell Technology were worth $5,311,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Synovus Financial Corp boosted its holdings in Marvell Technology by 3.5% in the first quarter. Synovus Financial Corp now owns 4,791 shares of the semiconductor company's stock valued at $295,000 after acquiring an additional 161 shares during the last quarter. Virtue Capital Management LLC boosted its holdings in Marvell Technology by 2.1% in the fourth quarter. Virtue Capital Management LLC now owns 7,752 shares of the semiconductor company's stock valued at $856,000 after acquiring an additional 163 shares during the last quarter. Kolinsky Wealth Management LLC boosted its holdings in Marvell Technology by 3.3% in the fourth quarter. Kolinsky Wealth Management LLC now owns 5,628 shares of the semiconductor company's stock valued at $622,000 after acquiring an additional 181 shares during the last quarter. Garde Capital Inc. boosted its holdings in Marvell Technology by 29.3% in the second quarter. Garde Capital Inc. now owns 817 shares of the semiconductor company's stock valued at $63,000 after acquiring an additional 185 shares during the last quarter. Finally, Denali Advisors LLC boosted its holdings in Marvell Technology by 2.3% in the first quarter. Denali Advisors LLC now owns 8,713 shares of the semiconductor company's stock valued at $536,000 after acquiring an additional 200 shares during the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MRVL has been the topic of several recent research reports. Loop Capital decreased their price target on Marvell Technology from $110.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $75.00 price target on shares of Marvell Technology in a report on Friday, August 29th. Evercore ISI decreased their price target on Marvell Technology from $133.00 to $122.00 and set an "outperform" rating on the stock in a report on Friday, August 29th. KeyCorp decreased their price target on Marvell Technology from $115.00 to $90.00 and set an "overweight" rating on the stock in a report on Friday, May 30th. Finally, Rosenblatt Securities decreased 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. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $90.50.

Marvell Technology Price Performance

Shares of MRVL opened at $67.35 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48. The stock has a market cap of $58.06 billion, a P/E ratio of -518.08, a price-to-earnings-growth ratio of 0.80 and a beta of 1.85. The stock's 50-day moving average price is $72.57 and its two-hundred day moving average price is $67.87.

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

Insider Transactions at Marvell Technology

In other news, CFO Willem A. Meintjes sold 1,500 shares of the firm'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 sale, the chief financial officer owned 121,348 shares of the company's stock, valued at $8,314,764.96. This trade represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Panteha Dixon sold 1,283 shares of the firm's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $68.50, for a total value of $87,885.50. Following the sale, the chief accounting officer directly owned 29,572 shares in the company, valued at approximately $2,025,682. This represents a 4.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,783 shares of company stock valued at $407,716 over the last 90 days. 0.19% of the stock is owned by company insiders.

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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