KPP Advisory Services LLC Buys Shares of 2,230 Marvell Technology, Inc. $MRVL

KPP Advisory Services LLC purchased a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVLFree Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,230 shares of the semiconductor company’s stock, valued at approximately $221,000.

Other hedge funds have also modified their holdings of the company. Mayflower Financial Advisors LLC grew its stake in Marvell Technology by 1.7% in the first quarter. Mayflower Financial Advisors LLC now owns 4,109 shares of the semiconductor company’s stock valued at $407,000 after purchasing an additional 68 shares in the last quarter. Bell Investment Advisors Inc raised its position in Marvell Technology by 12.9% during the first quarter. Bell Investment Advisors Inc now owns 628 shares of the semiconductor company’s stock valued at $62,000 after acquiring an additional 72 shares in the last quarter. Thoma Capital Management LLC lifted its stake in Marvell Technology by 1.3% in the first quarter. Thoma Capital Management LLC now owns 8,711 shares of the semiconductor company’s stock valued at $863,000 after acquiring an additional 114 shares during the last quarter. Keel Point LLC lifted its stake in Marvell Technology by 2.2% in the fourth quarter. Keel Point LLC now owns 5,649 shares of the semiconductor company’s stock valued at $480,000 after acquiring an additional 124 shares during the last quarter. Finally, Faithward Advisors LLC grew its position in Marvell Technology by 2.1% in the third quarter. Faithward Advisors LLC now owns 6,242 shares of the semiconductor company’s stock worth $525,000 after acquiring an additional 126 shares in the last quarter. 83.51% of the stock is owned by institutional investors and hedge funds.

Marvell Technology News Roundup

Here are the key news stories impacting Marvell Technology this week:

Marvell Technology Price Performance

Shares of Marvell Technology stock opened at $245.29 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.28 and a quick ratio of 2.66. The company has a market cap of $214.58 billion, a PE ratio of 84.00, a price-to-earnings-growth ratio of 1.78 and a beta of 2.20. The firm has a fifty day moving average price of $227.17 and a two-hundred day moving average price of $138.79. Marvell Technology, Inc. has a fifty-two week low of $61.44 and a fifty-two week high of $329.88.

Marvell Technology (NASDAQ:MRVLGet Free Report) last released its earnings results on Wednesday, May 27th. The semiconductor company reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. Marvell Technology had a net margin of 28.99% and a return on equity of 13.83%. The business had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter last year, the company earned $0.62 earnings per share. The firm’s revenue was up 27.6% on a year-over-year basis. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. Analysts expect that Marvell Technology, Inc. will post 3.07 EPS for the current year.

Marvell Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Friday, July 10th will be paid a $0.06 dividend. The ex-dividend date is Friday, July 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. Marvell Technology’s dividend payout ratio is currently 8.22%.

Insider Activity at Marvell Technology

In related news, COO Chris Koopmans sold 10,000 shares of the company’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $110.24, for a total value of $1,102,400.00. Following the sale, the chief operating officer owned 133,870 shares of the company’s stock, valued at $14,757,828.80. The trade was a 6.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandeep Bharathi sold 66,892 shares of Marvell Technology stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $130.35, for a total value of $8,719,372.20. Following the sale, the insider directly owned 55,199 shares in the company, valued at $7,195,189.65. The trade was a 54.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 177,273 shares of company stock worth $26,796,269 in the last ninety days. Company insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on MRVL shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $240.00 price objective on shares of Marvell Technology in a research note on Thursday, May 28th. UBS Group raised their price objective on Marvell Technology from $230.00 to $340.00 and gave the company a “buy” rating in a research note on Monday. Erste Group Bank began coverage on Marvell Technology in a report on Thursday, April 2nd. They issued a “buy” rating for the company. TD Cowen upped their target price on Marvell Technology from $180.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, May 28th. Finally, The Goldman Sachs Group set a $180.00 target price on shares of Marvell Technology in a research report on Thursday, May 28th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Marvell Technology currently has an average rating of “Moderate Buy” and a consensus target price of $239.81.

Read Our Latest Stock Analysis on Marvell Technology

Marvell Technology Company Profile

(Free Report)

Marvell Technology Group is a global semiconductor company that designs and develops integrated circuits and related software for data infrastructure, networking, storage and connectivity markets. The company’s product portfolio includes system-on-chip (SoC) solutions, Ethernet physical-layer transceivers (PHYs), switch and switch silicon, optical interconnect components, storage controllers, and security processors. Marvell’s technology is used to enable high-performance data centers, carrier networks, enterprise and cloud storage, as well as connectivity in automotive and industrial applications.

Founded in 1995 and headquartered in Santa Clara, California, Marvell has grown through both organic development and strategic acquisitions to broaden its capabilities across networking and data interconnect.

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Institutional Ownership by Quarter for Marvell Technology (NASDAQ:MRVL)

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