AlphaQuest LLC Has $426,000 Stake in Marvell Technology, Inc. $MRVL

Key Points

• AlphaQuest LLC significantly increased its stake in Marvell Technology, owning 6,922 shares valued at $426,000, a growth of 1,147.2% in the first quarter.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for Marvell Technology, with an average price target of $94.70, influenced by various recent ratings and price objectives.
• Marvell Technology reported $1.90 billion in revenue for the last quarter, experiencing a 63.3% year-over-year increase, alongside a positive earnings per share of $0.62.

AlphaQuest LLC raised its position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 1,147.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,922 shares of the semiconductor company's stock after acquiring an additional 6,367 shares during the period. AlphaQuest LLC's holdings in Marvell Technology were worth $426,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Virtue Capital Management LLC raised its holdings in Marvell Technology by 2.1% in the 4th quarter. Virtue Capital Management LLC now owns 7,752 shares of the semiconductor company's stock valued at $856,000 after acquiring an additional 163 shares in the last quarter. Kolinsky Wealth Management LLC raised its holdings in Marvell Technology by 3.3% in the 4th quarter. Kolinsky Wealth Management LLC now owns 5,628 shares of the semiconductor company's stock valued at $622,000 after acquiring an additional 181 shares in the last quarter. Denali Advisors LLC raised its holdings in Marvell Technology by 2.3% in the 1st quarter. Denali Advisors LLC now owns 8,713 shares of the semiconductor company's stock valued at $536,000 after acquiring an additional 200 shares in the last quarter. Dynamic Advisor Solutions LLC raised its holdings in Marvell Technology by 5.0% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 4,313 shares of the semiconductor company's stock valued at $266,000 after acquiring an additional 206 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. raised its holdings in shares of Marvell Technology by 11.0% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 2,097 shares of the semiconductor company's stock worth $130,000 after buying an additional 208 shares in the last quarter. Institutional investors and hedge funds own 83.51% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Bank of America reissued a "neutral" rating and issued a $78.00 target price (down from $90.00) on shares of Marvell Technology in a report on Friday. Redburn Atlantic assumed coverage on Marvell Technology in a report on Wednesday, May 28th. They issued a "neutral" rating and a $67.00 target price for the company. Jefferies Financial Group dropped their target price on Marvell Technology from $90.00 to $80.00 and set a "buy" rating for the company in a report on Friday. Evercore ISI dropped their target price on Marvell Technology from $133.00 to $122.00 and set an "outperform" rating for the company in a report on Friday. Finally, Benchmark restated a "buy" rating and set a $95.00 price target on shares of Marvell Technology in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $90.50.

Insider Transactions at Marvell Technology

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

Marvell Technology Trading Down 18.6%

MRVL traded down $14.36 during mid-day trading on Friday, reaching $62.87. The stock had a trading volume of 96,548,218 shares, compared to its average volume of 14,810,202. The stock has a market capitalization of $54.31 billion, a P/E ratio of -483.62, a P/E/G ratio of 0.84 and a beta of 1.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.94 and a current ratio of 1.30. The firm's fifty day simple moving average is $74.69 and its two-hundred day simple moving average is $70.76. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $127.48.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its quarterly 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. 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 for the quarter, compared to analyst estimates of $2.01 billion. During the same period last year, the company earned $0.30 EPS. The firm's revenue was up 57.6% on a year-over-year basis. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, equities analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Friday, July 11th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Friday, July 11th. Marvell Technology's dividend payout ratio (DPR) is currently -42.11%.

Marvell Technology Company 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.