Freestone Capital Holdings LLC Makes New $2.69 Million Investment in Marvell Technology, Inc. $MRVL

Key Points

• Freestone Capital Holdings LLC has acquired 43,620 shares of Marvell Technology, valued at approximately $2.686 million, during the first quarter of the year.
• Marvell Technology reported a 63.3% increase in revenue year-over-year, with earnings per share of $0.62, surpassing analysts' estimates.
• Institutional investors hold 83.51% of Marvell Technology's shares, indicating strong institutional confidence in the company.

Freestone Capital Holdings LLC acquired a new position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 43,620 shares of the semiconductor company's stock, valued at approximately $2,686,000.

A number of other institutional investors have also added to or reduced their stakes in MRVL. Nuveen Asset Management LLC raised its holdings in Marvell Technology by 232.2% in the fourth quarter. Nuveen Asset Management LLC now owns 9,360,425 shares of the semiconductor company's stock worth $1,033,859,000 after purchasing an additional 6,543,132 shares in the last quarter. Nuveen LLC bought a new stake in Marvell Technology in the first quarter worth $399,587,000. Goldman Sachs Group Inc. boosted its holdings in Marvell Technology by 32.3% in the first quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company's stock worth $1,272,117,000 after acquiring an additional 5,050,159 shares in the last quarter. Impax Asset Management Group plc boosted its holdings in Marvell Technology by 748.3% in the first quarter. Impax Asset Management Group plc now owns 3,700,841 shares of the semiconductor company's stock worth $227,033,000 after acquiring an additional 3,264,557 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Marvell Technology by 8,128.6% in the first quarter. Assenagon Asset Management S.A. now owns 2,460,851 shares of the semiconductor company's stock worth $151,515,000 after acquiring an additional 2,430,945 shares in the last quarter. Institutional investors own 83.51% of the company's stock.

Marvell Technology Stock Performance

Marvell Technology stock traded down $4.67 during mid-day trading on Tuesday, reaching $72.07. 16,930,406 shares of the stock traded hands, compared to its average volume of 15,413,750. The stock has a market capitalization of $62.26 billion, a PE ratio of 58.58, a price-to-earnings-growth ratio of 0.83 and a beta of 1.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.30 and a quick ratio of 0.94. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $127.48. The business's 50-day moving average is $74.52 and its 200-day moving average is $72.74.

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

Marvell Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders 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 dividend on an annualized basis and a yield of 0.3%. Marvell Technology's dividend payout ratio is presently -42.11%.

Wall Street Analyst Weigh In

Several research firms have commented on MRVL. Wells Fargo & Company dropped their target price on Marvell Technology from $120.00 to $95.00 and set an "overweight" rating on the stock in a report on Friday, May 30th. Evercore ISI dropped their target price on Marvell Technology from $135.00 to $133.00 and set an "outperform" rating on the stock in a report on Friday, May 30th. TD Cowen boosted their target price on Marvell Technology from $60.00 to $70.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Rosenblatt Securities reissued a "buy" rating and issued a $124.00 target price on shares of Marvell Technology in a report on Wednesday, June 18th. Finally, Cantor Fitzgerald boosted their target price on Marvell Technology from $60.00 to $75.00 and gave the stock a "neutral" rating in a report on Wednesday, June 18th. 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 given a Sell rating to the company. According to data from MarketBeat.com, Marvell Technology currently has an average rating of "Moderate Buy" and a consensus target price of $94.70.

Insiders Place Their Bets

In other Marvell Technology news, CAO Panteha Dixon sold 1,283 shares of the company's stock in a transaction dated 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 sale, the chief accounting officer owned 29,572 shares in the company, valued at $2,025,682. This represents a 4.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Willem A. Meintjes sold 1,500 shares of the company's stock in a transaction dated Monday, June 16th. The stock was 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 owned 121,348 shares of the company's stock, valued at approximately $8,314,764.96. The trade was a 1.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,783 shares of company stock worth $407,716 over the last quarter. 0.33% of the stock is currently owned by corporate insiders.

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.