17 Capital Partners LLC Has $791,000 Stock Holdings in Marvell Technology, Inc. $MRVL

Key Points

• 17 Capital Partners LLC increased its stake in Marvell Technology by 202.4%, owning 12,850 shares worth approximately $791,000 after acquiring an additional 8,600 shares in the first quarter.
• Insider transactions revealed EVP Mark Casper and CAO Panteha Dixon both sold shares, with Casper's sale representing a 14.88% decrease in his ownership, highlighting ongoing adjustments within the company.
• Marvell received mixed analyst ratings, with Wall Street Zen downgrading the stock from "buy" to "hold," while other firms have set target prices ranging between $80.00 and $110.00.

17 Capital Partners LLC lifted its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 202.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 12,850 shares of the semiconductor company's stock after purchasing an additional 8,600 shares during the period. 17 Capital Partners LLC's holdings in Marvell Technology were worth $791,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Coldstream Capital Management Inc. grew its holdings in shares of Marvell Technology by 1.0% during the fourth quarter. Coldstream Capital Management Inc. now owns 11,344 shares of the semiconductor company's stock worth $1,253,000 after purchasing an additional 116 shares during the last quarter. Virtue Capital Management LLC grew its holdings in shares of Marvell Technology by 2.1% during the fourth quarter. Virtue Capital Management LLC now owns 7,752 shares of the semiconductor company's stock worth $856,000 after purchasing an additional 163 shares during the last quarter. Kolinsky Wealth Management LLC grew its holdings in shares of Marvell Technology by 3.3% during the fourth quarter. Kolinsky Wealth Management LLC now owns 5,628 shares of the semiconductor company's stock worth $622,000 after purchasing an additional 181 shares during the last quarter. Alta Advisers Ltd grew its holdings in shares of Marvell Technology by 7.3% during the fourth quarter. Alta Advisers Ltd now owns 2,898 shares of the semiconductor company's stock worth $320,000 after purchasing an additional 198 shares during the last quarter. Finally, Denali Advisors LLC grew its holdings in shares of Marvell Technology by 2.3% during the first quarter. Denali Advisors LLC now owns 8,713 shares of the semiconductor company's stock worth $536,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 83.51% of the company's stock.

Insider Activity at Marvell Technology

In related news, CAO Panteha Dixon sold 1,283 shares of the business's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $68.50, for a total value of $87,885.50. Following the completion of the transaction, the chief accounting officer directly owned 29,572 shares in the company, valued at approximately $2,025,682. The trade was a 4.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Willem A. Meintjes sold 1,500 shares of Marvell Technology stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $68.52, for a total value of $102,780.00. Following the completion of the sale, the chief financial officer directly owned 121,348 shares in the company, valued at approximately $8,314,764.96. This represents a 1.22% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 5,783 shares of company stock worth $407,716. 0.33% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MRVL shares. Needham & Company LLC cut Marvell Technology from a "buy" rating to a "cautious" rating in a report on Wednesday, July 16th. Morgan Stanley reiterated an "equal weight" rating on shares of Marvell Technology in a report on Friday, August 8th. Melius Research raised their price target on Marvell Technology from $67.00 to $76.00 and gave the company a "hold" rating in a report on Wednesday, June 18th. Redburn Atlantic started coverage on Marvell Technology in a report on Wednesday, May 28th. They issued a "neutral" rating and a $67.00 price target on the stock. Finally, Wells Fargo & Company decreased their price target on Marvell Technology from $120.00 to $95.00 and set an "overweight" rating on the stock in a report on Friday, May 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Marvell Technology has a consensus rating of "Moderate Buy" and a consensus price target of $94.70.

Marvell Technology Trading Down 6.1%

NASDAQ:MRVL traded down $4.67 during mid-day trading on Tuesday, hitting $72.07. The company had a trading volume of 16,930,406 shares, compared to its average volume of 15,413,750. The firm has a market cap of $62.26 billion, a P/E ratio of 58.58, a P/E/G ratio of 0.83 and a beta of 1.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.94 and a current ratio of 1.30. The business's fifty day moving average is $74.52 and its two-hundred day moving average is $72.74. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week high of $127.48.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. Marvell Technology had a positive return on equity of 8.42% and a negative net margin of 7.56%.The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the previous year, the firm earned $0.24 EPS. Marvell Technology's quarterly revenue was up 63.3% compared to the same quarter last year. Marvell Technology has set its Q2 2026 guidance at 0.620-0.720 EPS. As a group, research analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Friday, July 11th were given a $0.06 dividend. The ex-dividend date was Friday, July 11th. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. Marvell Technology's payout ratio is currently -42.11%.

Marvell Technology Company Profile

Marvell Technology, Inc, together with its subsidiaries, provides data infrastructure semiconductor solutions, spanning the data center core to network edge. The company develops and scales complex System-on-a-Chip architectures, integrating analog, mixed-signal, and digital signal processing functionality.