American Century Companies Inc. Sells 240,597 Shares of Marvell Technology, Inc. $MRVL

Key Points

• American Century Companies Inc. has reduced its stock position in Marvell Technology, Inc. by 28.5%, owning approximately $37.2 million worth of shares after selling 240,597 shares during the first quarter.
• A number of institutional investors have recently altered their stakes in Marvell Technology, with Capital Analysts LLC increasing its position by 236.3% in the fourth quarter alone.
• Marvell Technology's most recent earnings report indicated a 63.3% year-over-year revenue growth, showcasing its resilience with earnings per share of $0.62 compared to the consensus estimate of $0.61.

American Century Companies Inc. lowered its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 28.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 604,468 shares of the semiconductor company's stock after selling 240,597 shares during the period. American Century Companies Inc. owned approximately 0.07% of Marvell Technology worth $37,217,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Marvell Technology by 1.9% during the first quarter. Vanguard Group Inc. now owns 63,770,122 shares of the semiconductor company's stock valued at $3,926,326,000 after acquiring an additional 1,212,338 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Marvell Technology by 32.3% during the first quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company's stock valued at $1,272,117,000 after acquiring an additional 5,050,159 shares in the last quarter. Brown Advisory Inc. increased its position in shares of Marvell Technology by 2.2% during the first quarter. Brown Advisory Inc. now owns 19,300,527 shares of the semiconductor company's stock valued at $1,188,333,000 after acquiring an additional 423,892 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Marvell Technology by 6.9% in the fourth quarter. Janus Henderson Group PLC now owns 13,239,154 shares of the semiconductor company's stock worth $1,462,274,000 after purchasing an additional 857,087 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted 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 during the last quarter. Institutional investors own 83.51% of the company's stock.

Marvell Technology Stock Performance

Shares of Marvell Technology stock traded up $1.79 on Friday, hitting $73.00. 14,399,279 shares of the company's stock were exchanged, compared to its average volume of 16,045,754. The company has a 50-day simple moving average of $74.72 and a 200-day simple moving average of $72.18. The stock has a market capitalization of $63.06 billion, a PE ratio of -128.07, a PEG ratio of 0.77 and a beta of 1.83. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.94 and a current ratio of 1.30.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The semiconductor company reported $0.62 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.88 billion. During the same quarter last year, the company posted $0.24 EPS. The company's revenue 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. As a group, equities analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

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

Insider Activity at Marvell Technology

In related news, EVP Mark Casper sold 3,000 shares of Marvell Technology stock in a transaction 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 transaction, the executive vice president owned 17,163 shares in the company, valued at approximately $1,241,743.05. The trade was a 14.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Willem A. Meintjes sold 1,500 shares of Marvell Technology stock in a transaction 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 owned 121,348 shares in the company, valued at approximately $8,314,764.96. This trade represents a 1.22% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,783 shares of company stock worth $407,716. 0.19% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

MRVL has been the topic of several research reports. Melius Research raised their target price on shares of Marvell Technology from $67.00 to $76.00 and gave the stock a "hold" rating in a report on Wednesday, June 18th. Susquehanna dropped their target price on shares of Marvell Technology from $110.00 to $90.00 and set a "positive" rating on the stock in a report on Tuesday, May 27th. Raymond James Financial restated an "outperform" rating and issued a $90.00 target price (down previously from $110.00) on shares of Marvell Technology in a report on Friday, May 30th. Loop Capital dropped their target price on shares of Marvell Technology from $110.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Finally, The Goldman Sachs Group initiated coverage on shares of Marvell Technology in a report on Thursday, July 10th. They issued a "neutral" rating and a $75.00 target price on the stock. 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 data from MarketBeat.com, Marvell Technology presently has a consensus rating of "Moderate Buy" and an average price target of $94.70.

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.