Westbourne Investments Inc. Takes $246,000 Position in Marvell Technology, Inc. $MRVL

Key Points

• Westbourne Investments Inc. acquired 4,000 shares of Marvell Technology, valued at approximately $246,000, marking a significant investment in the semiconductor firm.
• Marvell Technology reported a 57.6% year-over-year increase in revenue, achieving $2.01 billion for the quarter, with earnings per share matching analysts' expectations at $0.67.
• The company has seen a range of analyst ratings, with a consensus of Moderate Buy and an average price target of $90.50 for its stock.

Westbourne Investments Inc. bought a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,000 shares of the semiconductor company's stock, valued at approximately $246,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Synovus Financial Corp boosted its stake in Marvell Technology by 3.5% in the first quarter. Synovus Financial Corp now owns 4,791 shares of the semiconductor company's stock worth $295,000 after buying an additional 161 shares in the last quarter. Virtue Capital Management LLC boosted its position in shares of Marvell Technology by 2.1% during the fourth quarter. Virtue Capital Management LLC now owns 7,752 shares of the semiconductor company's stock valued at $856,000 after purchasing an additional 163 shares in the last quarter. Kolinsky Wealth Management LLC grew its position in shares of Marvell Technology by 3.3% in the 4th quarter. Kolinsky Wealth Management LLC now owns 5,628 shares of the semiconductor company's stock worth $622,000 after buying an additional 181 shares during the period. Denali Advisors LLC increased its position in Marvell Technology by 2.3% during the 1st quarter. Denali Advisors LLC now owns 8,713 shares of the semiconductor company's stock valued at $536,000 after buying an additional 200 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. raised its holdings in Marvell Technology by 6.1% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 3,477 shares of the semiconductor company's stock worth $214,000 after buying an additional 201 shares during the last quarter. 83.51% of the stock is owned by institutional investors.

Marvell Technology Stock Up 0.4%

NASDAQ MRVL opened at $67.13 on Wednesday. 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 12 month low of $47.08 and a 12 month high of $127.48. The stock's 50 day moving average is $73.04 and its 200 day moving average is $68.46. The stock has a market cap of $57.87 billion, a PE ratio of -521.08, a P/E/G ratio of 0.80 and a beta of 1.85.

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

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Friday, July 11th were issued a $0.06 dividend. The ex-dividend date was Friday, July 11th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.4%. Marvell Technology's payout ratio is -184.62%.

Insider Activity

In related news, CFO Willem A. Meintjes sold 1,500 shares of the stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $68.52, for a total value of $102,780.00. Following the completion of the transaction, the chief financial officer owned 121,348 shares of the company's stock, valued at approximately $8,314,764.96. This trade represents a 1.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Panteha Dixon sold 1,283 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $68.50, for a total value of $87,885.50. Following the completion of the sale, the chief accounting officer directly owned 29,572 shares of the company's stock, valued at $2,025,682. The trade was a 4.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,783 shares of company stock worth $407,716. 0.33% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on MRVL shares. Redburn Atlantic assumed coverage on shares of Marvell Technology in a research note on Wednesday, May 28th. They issued a "neutral" rating and a $67.00 price target for the company. Melius Research raised their price objective on shares of Marvell Technology from $67.00 to $76.00 and gave the stock a "hold" rating in a report on Wednesday, June 18th. Jefferies Financial Group reduced their target price on shares of Marvell Technology from $90.00 to $80.00 and set a "buy" rating for the company in a report on Friday, August 29th. TD Cowen boosted their price objective on shares of Marvell Technology from $60.00 to $70.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Finally, Barclays reiterated an "overweight" rating and set a $80.00 target price on shares of Marvell Technology in a research report on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $90.50.

About Marvell Technology

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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