AQR Capital Management LLC Boosts Stock Holdings in Marvell Technology, Inc. $MRVL

Key Points

• AQR Capital Management LLC increased its stake in Marvell Technology, purchasing an additional 2,710,894 shares for a total holding of approximately 3,119,855 shares, worth around $187.57 million.
• Marvell Technology's recent earnings report revealed a 57.6% increase in revenue year-over-year, with earnings of $0.67 per share meeting analyst estimates.
• Marvell Technology also announced a quarterly dividend of $0.06, reflecting a 0.4% dividend yield, while facing a payout ratio of -184.62%.

AQR Capital Management LLC lifted its holdings in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 662.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,119,855 shares of the semiconductor company's stock after buying an additional 2,710,894 shares during the quarter. AQR Capital Management LLC owned approximately 0.36% of Marvell Technology worth $187,566,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Marvell Technology in the fourth quarter worth approximately $234,000. Dynamic Advisor Solutions LLC raised its holdings in shares of Marvell Technology by 5.0% in the first quarter. Dynamic Advisor Solutions LLC now owns 4,313 shares of the semiconductor company's stock worth $266,000 after buying an additional 206 shares during the period. Yousif Capital Management LLC raised its holdings in shares of Marvell Technology by 8.4% in the first quarter. Yousif Capital Management LLC now owns 15,057 shares of the semiconductor company's stock worth $927,000 after buying an additional 1,164 shares during the period. Credit Agricole S A raised its holdings in shares of Marvell Technology by 27.7% in the first quarter. Credit Agricole S A now owns 585,947 shares of the semiconductor company's stock worth $36,077,000 after buying an additional 127,169 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Marvell Technology by 32.3% in the first quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company's stock worth $1,272,117,000 after buying an additional 5,050,159 shares during the period. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Marvell Technology Price Performance

Shares of Marvell Technology stock traded down $0.77 on Friday, hitting $63.33. 25,742,906 shares of the company were exchanged, compared to its average volume of 20,477,784. The stock has a market capitalization of $54.60 billion, a price-to-earnings ratio of -487.15, a price-to-earnings-growth ratio of 0.77 and a beta of 1.85. The company has a 50-day moving average price of $73.45 and a 200 day moving average price of $69.01. Marvell Technology, Inc. has a 1-year low of $47.08 and a 1-year high of $127.48. The company has a quick ratio of 0.94, a current ratio of 1.88 and a debt-to-equity ratio of 0.30.

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 for the quarter, hitting the consensus estimate of $0.67. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The business had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $2.01 billion. During the same period in the previous year, the firm posted $0.30 EPS. The business's revenue for the quarter was up 57.6% compared to the same quarter last year. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, sell-side analysts predict that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

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

Insider Activity at Marvell Technology

In related news, CAO Panteha Dixon sold 1,283 shares of the company'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 transaction, the chief accounting officer directly owned 29,572 shares in the company, valued at approximately $2,025,682. This represents a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Mark Casper sold 3,000 shares of the company'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 transaction, the executive vice president owned 17,163 shares in the company, valued at $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. Over the last three months, insiders have sold 5,783 shares of company stock worth $407,716. Insiders own 0.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on MRVL. Raymond James Financial restated an "outperform" rating and set a $90.00 price objective (down from $110.00) on shares of Marvell Technology in a report on Friday, May 30th. Wells Fargo & Company dropped their target price on Marvell Technology from $95.00 to $90.00 and set an "overweight" rating on the stock in a research report on Friday, August 29th. JPMorgan Chase & Co. dropped their target price on Marvell Technology from $130.00 to $120.00 and set an "overweight" rating on the stock in a research report on Friday, August 29th. Oppenheimer reaffirmed an "outperform" rating and set a $95.00 target price on shares of Marvell Technology in a research report on Friday, August 29th. Finally, TD Cowen raised their price objective on Marvell Technology from $60.00 to $70.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Marvell Technology has a consensus rating of "Moderate Buy" and a consensus price target of $90.50.

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.