Marvell Technology, Inc. $MRVL Shares Bought by Ameriprise Financial Inc.

Key Points

• Ameriprise Financial Inc. has increased its stake in Marvell Technology by 2.6%, now owning approximately 8.94 million shares valued at around $563 million.
• Marvell Technology's stock has reported a 63.3% year-over-year revenue growth, with a quarterly earnings per share of $0.62, surpassing analysts' expectations.
• The firm announced a quarterly dividend of $0.06 per share, yielding approximately 0.3%, with a dividend payout ratio of -42.11%.

Ameriprise Financial Inc. grew its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 2.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,942,304 shares of the semiconductor company's stock after buying an additional 227,555 shares during the period. Ameriprise Financial Inc. owned about 1.04% of Marvell Technology worth $562,991,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Capital Analysts LLC lifted its holdings in Marvell Technology by 236.3% during the 4th 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 Marvell Technology during the 4th quarter worth approximately $44,000. Bernard Wealth Management Corp. bought a new position in Marvell Technology during the 4th quarter worth approximately $45,000. Hughes Financial Services LLC bought a new position in Marvell Technology during the 1st quarter worth approximately $26,000. Finally, Johnson Financial Group Inc. lifted its holdings in 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 buying an additional 235 shares during the last quarter. Institutional investors own 83.51% of the company's stock.

Insider Activity at Marvell Technology

In related news, 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 value of $87,885.50. Following the sale, the chief accounting officer directly owned 29,572 shares in the company, valued at $2,025,682. This trade represents a 4.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $217,050.00. Following the completion of the sale, the executive vice president owned 17,163 shares in the company, valued at approximately $1,241,743.05. This represents a 14.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,783 shares of company stock worth $407,716 in the last three months. 0.19% of the stock is owned by company insiders.

Marvell Technology Stock Performance

Shares of Marvell Technology stock traded up $1.79 on Friday, reaching $73.00. 14,399,279 shares of the company were exchanged, compared to its average volume of 16,045,754. 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 company's 50-day moving average is $74.72 and its two-hundred day moving average is $71.87. The firm has a market cap of $63.06 billion, a price-to-earnings ratio of -128.07, a P/E/G ratio of 0.79 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.

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, beating the consensus estimate of $0.61 by $0.01. Marvell Technology had a positive return on equity of 8.42% and a negative net margin of 7.56%.The firm had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.88 billion. During the same period last year, the firm earned $0.24 EPS. The firm'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, research analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have commented on MRVL shares. The Goldman Sachs Group started coverage on Marvell Technology in a report on Thursday, July 10th. They set a "neutral" rating and a $75.00 target price on the stock. Melius downgraded Marvell Technology from a "buy" rating to a "hold" rating and set a $66.00 target price on the stock. in a report on Thursday, May 22nd. China Renaissance initiated coverage on Marvell Technology in a research report on Thursday, June 5th. They set a "buy" rating and a $110.00 price target on the stock. Melius Research increased their price target on Marvell Technology from $67.00 to $76.00 and gave the stock a "hold" rating in a research report on Wednesday, June 18th. Finally, Bank of America increased their price target on Marvell Technology from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $94.70.

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.