Altfest L J 13F: New $2.2M Stake in Marvell Technology (MRVL)
Key Points
- Altfest L J's new stake in Marvell Technology is worth approximately $2.16 million, representing 0.92% of its total reported value of $234.2 million.
- Altfest L J held 8,191 $MRVL shares at quarter end, all of it a new position.
- Marvell's stock closed at $243.57 on October 27, 2026, and recently traded around $243.62, showing little price movement.
- The company has a market cap of about $210.1 billion and a P/E ratio of approximately 76.9, with a strong revenue growth rate of 36.5% year-over-year.
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Altfest L J disclosed on October 27, 2026, that it took a new position in Marvell Technology, Inc. (MRVL), acquiring 8,191 shares valued at approximately $2.16 million. This information comes from the fund's latest Form 13F filing with the SEC.
In this filing, Altfest L J reported a total value of $234,241,778, with the new position making up about 0.92% of its overall portfolio. The fund ranked 19th among its 318 total positions.
MRVL
Marvell Technology, Inc.
Where Marvell Technology Fits in Altfest L J's Portfolio
Altfest L J's new stake in Marvell Technology is a small addition to its portfolio, weighing in at 0.92%.
Marvell Technology, Inc. Stock Up 6.6%
Marvell's stock closed at $243.57 on October 27, 2026, and as of October 28, 2026, it was recently trading around $243.62. The shares are currently about equal to their 50-day moving average and above their 200-day average by about 35.1%. However, they are below the 52-week high of $329.88 by 26.1%.
Recent Earnings
Marvell reported trailing twelve-month revenue of about $9.45 billion and earnings per share (EPS) of $3.04. The company has a net margin of 27.9% and a return on equity (ROE) of 16.5%. Its next earnings report is scheduled for December 1, 2026.
Dividend
Marvell Technology pays an annual dividend of $0.24 per share, which gives it a yield of about 0.1%. The company has a dividend payout ratio of 7.9%.
Insider Buying and Selling at Marvell Technology, Inc.
Several insiders sold shares earlier this year, including President Christopher R. Koopmans, who sold 10,000 shares on August 3, 2026, at an average price of $180.50. CEO Matthew J. Murphy also sold shares on multiple occasions, with his latest sale of 7,500 shares occurring on September 15, 2026, at an average price of $223.39.
Analysts Set New Price Targets
On October 7, 2026, several analysts maintained their ratings on Marvell Technology, with UBS rating it a "Buy" with a price target of $350. Jefferies also maintained a "Buy" rating, increasing its target to $450. The consensus across 43 analyst opinions gives Marvell a strong buy recommendation, with a mean price target of $341.44.
About Marvell Technology
Marvell Technology, Inc. provides semiconductor solutions for data infrastructure, serving various sectors from data centers to network edges. The company operates globally, developing system-on-a-chip architectures that integrate multiple functionalities.
Bottom Line
Altfest L J's new position in Marvell Technology adds to its portfolio, but the impact on the overall investment strategy remains to be seen. Investors should watch for the company's upcoming earnings report on December 1, 2026, and further filings from Altfest L J for any changes in their investment approach.
Related Filing Alerts
Source: Altfest L J's 13F filing on $MRVL (Oct 27, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts