Aberdeen Group plc Has $74.89 Million Stake in Marvell Technology, Inc. $MRVL

Key Points

• Aberdeen Group plc increased its stake in Marvell Technology by 5.8%, now owning approximately 1,243,901 shares valued at $74.89 million.
• Marvell Technology's stock is currently down 3.6%, with a market cap of $65.82 billion and a 1-year price range of $47.08 to $127.48.
• The company reported earnings of $0.62 EPS for the recent quarter, exceeding analyst expectations, and has announced a quarterly dividend of $0.06 per share.

Aberdeen Group plc increased its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 5.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,243,901 shares of the semiconductor company's stock after purchasing an additional 67,642 shares during the quarter. Aberdeen Group plc owned approximately 0.14% of Marvell Technology worth $74,889,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Capital Analysts LLC lifted its stake in shares of Marvell Technology by 236.3% in the fourth quarter. Capital Analysts LLC now owns 343 shares of the semiconductor company's stock worth $38,000 after buying an additional 241 shares during the last quarter. Chelsea Counsel Co. bought a new position in shares of Marvell Technology during the 4th quarter worth about $44,000. Bernard Wealth Management Corp. bought a new position in shares of Marvell Technology during the 4th quarter worth about $45,000. Hughes Financial Services LLC acquired a new stake in shares of Marvell Technology during the 1st quarter worth about $26,000. Finally, Johnson Financial Group Inc. increased its position in shares of Marvell Technology by 125.0% during the 4th quarter. Johnson Financial Group Inc. now owns 423 shares of the semiconductor company's stock worth $48,000 after purchasing an additional 235 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on MRVL shares. Bank of America raised their price objective on shares of Marvell Technology from $80.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th. Susquehanna reduced their price objective on shares of Marvell Technology from $110.00 to $90.00 and set a "positive" rating on the stock in a research note on Tuesday, May 27th. Loop Capital reduced their price objective on shares of Marvell Technology from $110.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. B. Riley reaffirmed a "buy" rating and set a $115.00 price target (up from $110.00) on shares of Marvell Technology in a research report on Wednesday, June 18th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $124.00 target price on shares of Marvell Technology in a report on Wednesday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $94.70.

Insider Activity

In other news, EVP Mark Casper sold 3,000 shares of the firm's stock in a transaction that occurred on Friday, July 18th. The shares were 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 of the company's stock, valued at $1,241,743.05. This trade represents a 14.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Panteha Dixon sold 1,283 shares of the firm'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 transaction of $87,885.50. Following the sale, the chief accounting officer directly owned 29,572 shares of the company's stock, valued at approximately $2,025,682. This trade represents a 4.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,783 shares of company stock valued at $407,716 over the last quarter. 0.19% of the stock is owned by company insiders.

Marvell Technology Price Performance

Shares of MRVL stock traded down $4.5010 on Tuesday, reaching $72.2390. The company had a trading volume of 11,139,597 shares, compared to its average volume of 18,384,129. The stock has a market capitalization of $62.40 billion, a PE ratio of -127.03, a price-to-earnings-growth ratio of 0.83 and a beta of 1.83. The company has a quick ratio of 0.94, a current ratio of 1.30 and a debt-to-equity ratio of 0.22. Marvell Technology, Inc. has a one year low of $47.08 and a one year high of $127.48. The business's 50-day moving average is $74.45 and its 200 day moving average is $72.74.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its earnings results on Thursday, May 29th. The semiconductor company reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.01. Marvell Technology had a negative net margin of 7.56% and a positive return on equity of 8.42%. The firm had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.88 billion. During the same quarter in the prior year, the business earned $0.24 earnings per share. The business's revenue for the quarter 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. Equities research analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

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

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.