Triasima Portfolio Management inc. Invests $1.43 Million in Marvell Technology, Inc. $MRVL

Triasima Portfolio Management inc. bought a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 16,966 shares of the semiconductor company’s stock, valued at approximately $1,426,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Game Plan Financial Advisors LLC acquired a new position in Marvell Technology during the second quarter worth $27,000. Atlantic Edge Private Wealth Management LLC increased its stake in shares of Marvell Technology by 160.0% in the 3rd quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 200 shares during the last quarter. Kiker Wealth Management LLC raised its holdings in shares of Marvell Technology by 374.7% during the 2nd quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 281 shares during the period. Nova Wealth Management Inc. boosted its position in shares of Marvell Technology by 3,922.2% during the 3rd quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 353 shares during the last quarter. Finally, Westside Investment Management Inc. grew its holdings in shares of Marvell Technology by 62.5% in the second quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 160 shares during the period. Institutional investors and hedge funds own 83.51% of the company’s stock.

Marvell Technology Price Performance

Marvell Technology stock opened at $79.76 on Tuesday. The firm’s 50-day moving average is $86.23 and its two-hundred day moving average is $80.93. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.64. The stock has a market capitalization of $67.64 billion, a P/E ratio of 27.94, a P/E/G ratio of 0.78 and a beta of 1.95. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $127.48.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Tuesday, December 2nd. The semiconductor company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Marvell Technology had a return on equity of 13.15% and a net margin of 31.75%.The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the previous year, the business earned $0.43 earnings per share. The business’s revenue for the quarter was up 36.8% on a year-over-year basis. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. Equities analysts predict that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology declared that its board has authorized a stock buyback plan on Wednesday, September 24th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to reacquire up to 7.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 29th. Investors of record on Friday, January 9th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, January 9th. Marvell Technology’s dividend payout ratio is 8.42%.

Insider Buying and Selling

In other Marvell Technology news, EVP Mark Casper sold 5,000 shares of Marvell Technology stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $93.08, for a total transaction of $465,400.00. Following the transaction, the executive vice president directly owned 19,418 shares of the company’s stock, valued at $1,807,427.44. The trade was a 20.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MRVL. UBS Group set a $100.00 price target on shares of Marvell Technology in a report on Wednesday, December 3rd. Melius upgraded shares of Marvell Technology from a “hold” rating to a “buy” rating and set a $135.00 target price on the stock in a research note on Monday, January 5th. HSBC assumed coverage on shares of Marvell Technology in a report on Monday, November 24th. They set a “hold” rating and a $85.00 price target for the company. Barclays lifted their price objective on shares of Marvell Technology from $80.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 3rd. Finally, Cantor Fitzgerald set a $100.00 price target on shares of Marvell Technology in a research note on Tuesday, December 16th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $115.70.

About Marvell Technology

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.