Kodai Capital Management LP Invests $10.58 Million in Marvell Technology, Inc. $MRVL

Key Points

• Kodai Capital Management LP purchased 171,771 shares of Marvell Technology, Inc. for approximately $10.58 million, marking a significant investment in the semiconductor company.
• Major investors like Vanguard Group Inc. and Goldman Sachs have also increased their stakes in Marvell, highlighting strong institutional interest, with 83.51% of the stock owned by institutional investors.
• Marvell Technology reported $0.67 EPS for the last quarter, matching analysts' expectations, with revenue increasing 57.6% year-over-year.

Kodai Capital Management LP purchased a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 171,771 shares of the semiconductor company's stock, valued at approximately $10,576,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MRVL. Hughes Financial Services LLC acquired a new position in Marvell Technology during the 1st quarter worth about $26,000. Rossby Financial LCC acquired a new position in Marvell Technology during the 1st quarter worth about $27,000. Financial Connections Group Inc. lifted its position in Marvell Technology by 776.0% during the 1st quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company's stock worth $27,000 after buying an additional 388 shares in the last quarter. Vision Financial Markets LLC acquired a new position in Marvell Technology during the 1st quarter worth about $28,000. Finally, Security National Bank bought a new stake in Marvell Technology during the 1st quarter worth about $31,000. Institutional investors and hedge funds 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 the business's 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 transaction, the chief financial officer owned 121,348 shares of the company's stock, valued at $8,314,764.96. This represents a 1.22% decrease in their ownership of the stock. 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.

Marvell Technology Trading Down 0.2%

Shares of MRVL stock traded down $0.12 on Tuesday, reaching $62.75. The company had a trading volume of 19,228,776 shares, compared to its average volume of 18,812,684. The company has a current ratio of 1.30, a quick ratio of 0.94 and a debt-to-equity ratio of 0.22. The stock has a market cap of $54.20 billion, a PE ratio of -482.55, a PEG ratio of 0.68 and a beta of 1.85. The company has a 50-day moving average of $74.53 and a 200-day moving average of $69.98. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month high of $127.48.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.67. Marvell Technology had a positive return on equity of 11.02% and a negative net margin of 1.43%.The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the firm earned $0.30 EPS. Marvell Technology's quarterly revenue was up 57.6% compared to the same quarter last year. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, equities analysts forecast 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 0.4%. Marvell Technology's payout ratio is currently -184.62%.

Wall Street Analyst Weigh In

Several analysts have weighed in on MRVL shares. Melius Research boosted their price objective on Marvell Technology from $67.00 to $76.00 and gave the stock a "hold" rating in a report on Wednesday, June 18th. Loop Capital dropped their price objective on Marvell Technology from $110.00 to $90.00 and set a "buy" rating for the company in a report on Friday, May 30th. Morgan Stanley dropped their price objective on Marvell Technology from $80.00 to $76.00 and set an "equal weight" rating for the company in a report on Friday. Zacks Research cut Marvell Technology from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 26th. Finally, Piper Sandler reissued an "overweight" rating and set a $85.00 price objective (down from $95.00) on shares of Marvell Technology in a report on Friday, May 30th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $90.50.

About Marvell Technology

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.