StoneX Group Inc. Makes New Investment in Marvell Technology, Inc. $MRVL

StoneX Group Inc. acquired a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,064 shares of the semiconductor company’s stock, valued at approximately $1,338,000.

Several other large investors also recently bought and sold shares of MRVL. Kornitzer Capital Management Inc. KS bought a new position in Marvell Technology during the third quarter valued at approximately $4,098,000. Vestor Capital LLC bought a new stake in Marvell Technology in the 3rd quarter worth approximately $348,000. Axiom Investment Management LLC bought a new stake in Marvell Technology in the 3rd quarter worth approximately $267,000. Whitegate Investment Counselors Inc. purchased a new stake in Marvell Technology during the 3rd quarter valued at $269,000. Finally, Asset Dedication LLC purchased a new stake in Marvell Technology during the 3rd quarter valued at $247,000. 83.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MRVL. Needham & Company LLC lowered their price target on Marvell Technology from $400.00 to $300.00 and set a “buy” rating on the stock in a report on Tuesday, November 3rd. Craig Hallum reaffirmed a “buy” rating and issued a $380.00 price objective on shares of Marvell Technology in a report on Wednesday, October 7th. B. Riley Financial reduced their price objective on Marvell Technology from $275.00 to $250.00 and set a “buy” rating for the company in a research report on Monday. UBS Group reiterated a “buy” rating on shares of Marvell Technology in a research report on Tuesday, November 3rd. Finally, William Blair reissued an “outperform” rating on shares of Marvell Technology in a report on Monday, November 2nd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $300.09.

View Our Latest Stock Analysis on MRVL

Insider Buying and Selling

In related news, insider Sandeep Bharathi sold 3,685 shares of the business’s stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $234.97, for a total transaction of $865,864.45. Following the completion of the transaction, the insider directly owned 58,748 shares in the company, valued at approximately $13,804,017.56. The trade was a 5.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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. Also, CEO Matthew Murphy sold 7,500 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $223.39, for a total transaction of $1,675,425.00. Following the completion of the sale, the chief executive officer directly owned 775,686 shares of the company’s stock, valued at $173,280,495.54. This represents a 0.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 57,285 shares of company stock valued at $12,901,763. Insiders own 0.12% of the company’s stock.

More Marvell Technology News

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

  • Positive Sentiment: Marvell shares rose as major market indexes rebounded following last week’s semiconductor losses, offering a near-term lift unrelated to company-specific news. Why Is Marvell Stock Surging on Monday?
  • Positive Sentiment: B. Riley cut its price target from $275 to $250 but kept a Buy rating, signaling continued confidence in potential upside despite the reduced forecast. B. Riley analyst rating
  • Neutral Sentiment: ETF flows were mixed but tilted toward buying on Nov. 5: 44 funds added Marvell shares while 19 sold. ETFs Bought $13.1 Million of Marvell
  • Negative Sentiment: The biggest company-specific concern is Marvell’s reported all-stock acquisition of Lumentum, valued at $115 billion. The deal has intensified selling, with investors wary of the transaction’s scale and its implications as AI stocks face a broader pullback. Reports say Marvell has fallen sharply since the deal news emerged. Marvell Sinks 36%, Lumentum Drops 31% on $115 Billion Deal
  • Negative Sentiment: Marvell’s decline also reflects investors exiting AI-related positions. One report notes the shares were about 58% below their June record close as of Nov. 5; past steep declines have sometimes taken years to recover, underscoring the risk that a rebound may not be quick. Marvell Stock Fell 58% From Its Record

Marvell Technology Trading Up 9.5%

Shares of MRVL stock opened at $154.60 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.17 and a quick ratio of 2.62. The company has a market cap of $135.57 billion, a price-to-earnings ratio of 51.02, a PEG ratio of 4.77 and a beta of 2.32. Marvell Technology, Inc. has a 1 year low of $70.68 and a 1 year high of $329.88. The firm has a fifty day moving average price of $233.06 and a 200-day moving average price of $184.59.

Marvell Technology (NASDAQ:MRVL – Get Free Report) last announced its earnings results on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.01. The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.72 billion. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%. Marvell Technology’s revenue for the quarter was up 36.5% compared to the same quarter last year. During the same period last year, the firm earned $0.67 EPS. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. As a group, equities analysts predict that Marvell Technology, Inc. will post 3.05 earnings per share for the current year.

Marvell Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 29th. Investors of record on Friday, October 9th were paid a dividend of $0.06 per share. The ex-dividend date was Friday, October 9th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.2%. Marvell Technology’s payout ratio is 7.92%.

Marvell Technology Company Profile

(Free Report)

Marvell Technology is a fabless semiconductor company that develops data infrastructure chips and related technologies. Its products include networking and Ethernet chips, storage controllers, processors, optical and connectivity solutions, and custom silicon used in data centers, carrier networks, enterprise systems, and other applications.

The company’s products help move, store, process, and secure data across cloud and telecommunications infrastructure. Marvell serves customers around the world, including equipment makers and technology companies that incorporate its semiconductors into their systems.

Founded in 1995, Marvell grew through product development and acquisitions to build a broad portfolio of infrastructure technologies.

Further Reading

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

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