Advent International L.P. Increases Stake in Marvell Technology, Inc. $MRVL

Key Points

• Advent International L.P. increased its holdings in Marvell Technology by 25.8%, now owning approximately 1.14 million shares valued at around $70 million, making it the firm's 11th biggest position.
• Several hedge funds have also adjusted their stakes in Marvell, with over 83% of the stock being owned by institutional investors, indicating strong market interest.
• Analysts maintain a consensus rating of "Moderate Buy" for Marvell shares, with an average price target of $90.50 amidst recent upgrades and downgrades on the stock.

Advent International L.P. boosted its position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 25.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,138,075 shares of the semiconductor company's stock after acquiring an additional 233,075 shares during the period. Marvell Technology accounts for 2.2% of Advent International L.P.'s investment portfolio, making the stock its 11th biggest position. Advent International L.P. owned approximately 0.13% of Marvell Technology worth $70,071,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Hughes Financial Services LLC bought a new stake in Marvell Technology in the 1st quarter worth $26,000. Rossby Financial LCC bought a new stake in Marvell Technology in the 1st quarter worth $27,000. Financial Connections Group Inc. grew its holdings in Marvell Technology by 776.0% in the 1st 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 last quarter. Vision Financial Markets LLC bought a new stake in Marvell Technology in the 1st quarter worth $28,000. Finally, Security National Bank bought a new stake in shares of Marvell Technology during the 1st quarter valued at about $31,000. Institutional investors own 83.51% of the company's stock.

Insider Activity

In other news, CAO Panteha Dixon sold 1,283 shares of the business's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $68.50, for a total transaction of $87,885.50. Following the completion of the transaction, the chief accounting officer directly owned 29,572 shares of the company's stock, valued at $2,025,682. The trade was a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $102,780.00. Following the transaction, the chief financial officer directly owned 121,348 shares of the company's stock, valued at $8,314,764.96. The trade was a 1.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,783 shares of company stock valued at $407,716 over the last three months. Insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MRVL. BNP Paribas raised shares of Marvell Technology to a "strong-buy" rating in a research note on Friday, August 29th. JPMorgan Chase & Co. cut their target price on shares of Marvell Technology from $130.00 to $120.00 and set an "overweight" rating on the stock in a research note on Friday, August 29th. Jefferies Financial Group cut their target price on shares of Marvell Technology from $90.00 to $80.00 and set a "buy" rating on the stock in a research note on Friday, August 29th. Needham & Company LLC cut their target price on shares of Marvell Technology from $85.00 to $80.00 and set a "buy" rating on the stock in a research note on Friday, August 29th. Finally, The Goldman Sachs Group began coverage on shares of Marvell Technology in a research note on Thursday, July 10th. They set a "neutral" rating and a $75.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $90.50.

Marvell Technology Stock Up 2.9%

Marvell Technology stock traded up $1.79 during trading hours on Thursday, hitting $64.10. The stock had a trading volume of 27,663,762 shares, compared to its average volume of 19,063,789. The company has a quick ratio of 0.94, a current ratio of 1.30 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $55.37 billion, a P/E ratio of -493.08, a price-to-earnings-growth ratio of 0.68 and a beta of 1.85. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $127.48. The stock's 50-day moving average price is $74.05 and its 200-day moving average price is $69.89.

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 (EPS) for the quarter, hitting the consensus estimate of $0.67. The business had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2.01 billion. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.02%. The business's revenue for the quarter was up 57.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Equities research analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Friday, July 11th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, July 11th. Marvell Technology's payout ratio is presently -184.62%.

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.