32,983 Shares in Marvell Technology, Inc. $MRVL Acquired by AG2R LA Mondiale Gestion D Actifs

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired 32,983 shares of Marvell Technology ($MRVL), valued at approximately $1,985,000, during the first quarter.
• A total of 83.51% of Marvell Technology's stock is owned by institutional investors and hedge funds, indicating a strong institutional interest in the company.
• Marvell Technology reported $0.67 earnings per share for the last quarter, matching analysts' expectations, with revenue up 57.6% year-over-year to $2.01 billion.

AG2R LA Mondiale Gestion D Actifs acquired a new position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 32,983 shares of the semiconductor company's stock, valued at approximately $1,985,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MRVL. Hughes Financial Services LLC acquired a new position in shares of Marvell Technology in the first quarter worth approximately $26,000. Rossby Financial LCC acquired a new position in shares of Marvell Technology in the first quarter worth approximately $27,000. Financial Connections Group Inc. lifted its stake in shares of Marvell Technology by 776.0% in the first quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company's stock worth $27,000 after acquiring an additional 388 shares during the period. Vision Financial Markets LLC acquired a new position in Marvell Technology in the first quarter valued at approximately $28,000. Finally, Security National Bank acquired a new position in Marvell Technology in the first quarter valued at approximately $31,000. 83.51% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Marvell Technology

In related news, EVP Mark Casper sold 3,000 shares of the company's stock in a transaction on Friday, July 18th. The stock was sold at an average price of $72.35, for a total transaction of $217,050.00. Following the completion of the sale, the executive vice president owned 17,163 shares in the company, valued at approximately $1,241,743.05. This represents a 14.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Willem A. Meintjes sold 1,500 shares of the company's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $68.52, for a total value of $102,780.00. Following the sale, the chief financial officer owned 121,348 shares of the company's stock, valued at $8,314,764.96. This trade represents a 1.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,783 shares of company stock valued at $407,716 over the last ninety days. 0.19% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MRVL. Bank of America reissued a "neutral" rating and issued a $78.00 price target (down from $90.00) on shares of Marvell Technology in a research note on Friday, August 29th. Melius Research boosted their price target on Marvell Technology from $67.00 to $76.00 and gave the company a "hold" rating in a research note on Wednesday, June 18th. TD Cowen boosted their price target on Marvell Technology from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Wall Street Zen raised Marvell Technology from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Oppenheimer reissued an "outperform" rating and issued a $95.00 price target on shares of Marvell Technology in a research note on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $90.50.

Marvell Technology Price Performance

Shares of NASDAQ:MRVL opened at $67.35 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve month high of $127.48. The stock's 50 day moving average is $72.57 and its 200-day moving average is $68.05. The firm has a market capitalization of $58.06 billion, a price-to-earnings ratio of -518.08, a PEG ratio of 0.80 and a beta of 1.85.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, hitting analysts' consensus estimates of $0.67. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period in the prior year, the firm earned $0.30 earnings per share. Marvell Technology's revenue for the quarter was up 57.6% on a year-over-year basis. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Sell-side analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology 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.

Want to see what other hedge funds are holding MRVL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marvell Technology, Inc. (NASDAQ:MRVL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.