<div id="readability-page-1"><p>DAVENPORT &amp; Co LLC grew its stake in  Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 32.0% during the third quarter, according to its most recent Form 13F filing with the Securities &amp; Exchange Commission. The institutional investor  owned 407,871 shares of the semiconductor company's stock after purchasing an additional 98,780 shares during the quarter. DAVENPORT &amp; Co LLC's holdings in Marvell Technology were worth $34,233,000 at the end of the most recent reporting period.</p><ul><li>MRVL, AMZN and MSFT: Breaking Down the Wall Street Controversy</li></ul><p>Other hedge funds also recently modified their holdings of the company. Game Plan Financial Advisors LLC purchased a new stake in  Marvell Technology in the 2nd quarter valued at $27,000.  Kiker Wealth Management LLC raised its holdings in shares of  Marvell Technology by 374.7% in the second quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company's stock valued at $28,000 after purchasing an additional 281 shares during the last quarter.  Nova Wealth Management Inc. raised its holdings in shares of  Marvell Technology by 3,922.2% in the third quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company's stock valued at $30,000 after purchasing an additional 353 shares during the last quarter.  Westside Investment Management Inc. lifted its position in shares of  Marvell Technology by 62.5% during 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 in the last quarter.  Finally, N.E.W. Advisory Services LLC purchased a new position in  Marvell Technology during the second quarter worth about $32,000. Hedge funds and other institutional investors own  83.51% of the company's stock. </p><div><p><span></span><span>Get <strong>Marvell Technology</strong> alerts:</span></p></div><h2>Marvell Technology Stock Performance</h2><p>NASDAQ:MRVL opened at $87.68 on Wednesday. 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 business has a fifty day simple moving average of $87.66 and a two-hundred day simple moving average of $79.38. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48. The company has a market capitalization of $74.36 billion, a P/E ratio of 30.76, a P/E/G ratio of 0.82 and a beta of 1.93. </p><ul><li>3 Recently Downgraded Stocks to Avoid in 2026</li></ul><p>Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $2.07 billion for the quarter, compared to analysts' expectations of $2.06 billion. During the same quarter in the prior year, the firm earned $0.43 EPS. The business's revenue for the quarter was up 36.8% compared to the same quarter last year. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS.  On average, analysts expect that  Marvell Technology, Inc. will post 0.91 earnings per share for the current year. </p><h2>Marvell Technology Dividend Announcement</h2><p>The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 29th. Stockholders of record on Friday, January 9th will be paid a $0.06 dividend. The ex-dividend date is Friday, January 9th. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. Marvell Technology's dividend payout ratio (DPR) is presently 8.42%. </p><ul><li>Marvell's Rally Extends: Data Centers and AMZN Chips Boost Shares</li></ul><p>Marvell Technology declared that its Board of Directors has approved a stock repurchase program on Wednesday, September 24th that authorizes the company to repurchase $5.00 billion in    shares. This repurchase authorization authorizes the semiconductor company to buy up to 7.8% of its stock  through open market purchases. Stock  repurchase programs are generally an indication that the company's leadership believes its shares are undervalued. </p><h2>Wall Street Analysts Forecast Growth</h2><p>Several equities research analysts have commented on the stock. Susquehanna  set a $120.00 price objective on shares of Marvell Technology and gave the company a &#34;positive&#34; rating in a research note on Wednesday, December 3rd. TD Cowen upped their target price on Marvell Technology from $90.00 to $100.00 and gave the company a &#34;hold&#34; rating in a report on Wednesday, December 3rd. Bank of America  reiterated a &#34;neutral&#34; rating and set a $78.00 price target (down from $90.00) on shares of Marvell Technology in a report on Friday, August 29th. B. Riley  reissued a &#34;buy&#34; rating and issued a $130.00 price objective (up previously from $100.00) on shares of Marvell Technology in a research report on Wednesday, December 3rd. Finally, Summit Insights raised Marvell Technology from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a research report on Wednesday, December 3rd. Four analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and fourteen have assigned  a Hold rating to the stock. According to data from MarketBeat.com, Marvell Technology currently has a consensus rating of &#34;Moderate Buy&#34; and an average price target of $111.25.</p><p><b>Read Our Latest Analysis on Marvell Technology</b></p><h2>Insider Buying and Selling</h2><p>In other Marvell Technology news, EVP Mark Casper sold 1,253 shares of the business's stock in a transaction on Friday, December 5th. The shares were sold at an average price of $101.00, for a total transaction of $126,553.00. Following the sale, the executive vice president owned 9,023 shares of the company's stock, valued at $911,323. The trade was a 12.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Chris Koopmans purchased 6,800 shares of the business's stock in a transaction dated Thursday, September 25th. The stock was bought at an average cost of $78.03 per share, with a total value of $530,604.00. Following the completion of the acquisition, the chief operating officer directly owned 104,825 shares of the company's stock, valued at approximately $8,179,494.75. This trade represents a 6.94% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have purchased 27,200 shares of company stock valued at $2,109,632. Corporate insiders own  0.33% of the company's stock. </p><h2>Marvell Technology Company Profile</h2> (Free Report)<p>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.  </p><p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Marvell Technology</li><li>The boring AI play that could pay up to $4,290 monthly</li><li>Trump’s “real estate deal for America” explained</li><li>Put $1,000 into this stock by Jan 1 [Not NVDA]</li><li>ALERT: Drop these 5 stocks before January 2026!</li><li>Trump Did WHAT??</li></ul><p><strong>Want to see what other hedge funds are holding MRVL?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marvell Technology, Inc. (NASDAQ:MRVL - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TVJWTA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TVJWTA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Marvell Technology Right Now?</h2><p>Before you consider Marvell Technology, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Marvell Technology wasn't on the list.</p><p>While Marvell Technology currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

MRVL

<p>DAVENPORT & Co LLC increased its stake in Marvell Technology by 32% in Q3, purchasing an additional 98,780 shares, bringing its total to 407,871 shares valued at $34.23 million. Other hedge funds also adjusted their holdings. Marvell's stock performance shows a market cap of $74.36 billion and a P/E ratio of 30.76. The company reported Q3 earnings of $0.76 per share, beating estimates, with revenue up 36.8% YoY. Marvell announced a $0.06 quarterly dividend and a $5 billion stock repurchase program.</p>

DAVENPORT & Co LLC Buys 98,780 Shares of Marvell Technology, Inc. $MRVL