Argent Capital Management LLC Has $1.02 Million Stock Position in Marvell Technology, Inc. $MRVL

Key Points

• Argent Capital Management LLC reduced its stake in Marvell Technology by 28.5%, holding 13,137 shares valued at approximately $1.02 million by the end of the second quarter.
• Institutional investors own 83.51% of Marvell Technology, with significant investments made by firms such as Nuveen LLC and Goldman Sachs Group Inc., which increased their holdings substantially.
• Marvell Technology announced a quarterly dividend of $0.06 per share, with a payout that reflects a -184.62% dividend payout ratio, highlighting its ongoing financial challenges.

Argent Capital Management LLC lowered its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 28.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,137 shares of the semiconductor company's stock after selling 5,235 shares during the quarter. Argent Capital Management LLC's holdings in Marvell Technology were worth $1,017,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of MRVL. Nuveen LLC bought a new stake in Marvell Technology in the 1st quarter valued at $399,587,000. Goldman Sachs Group Inc. lifted its position in Marvell Technology by 32.3% during the 1st 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 in the last quarter. Impax Asset Management Group plc lifted its position in Marvell Technology by 748.3% during the 1st quarter. Impax Asset Management Group plc now owns 3,700,841 shares of the semiconductor company's stock worth $227,033,000 after buying an additional 3,264,557 shares in the last quarter. AQR Capital Management LLC lifted its position in Marvell Technology by 662.9% during the 1st quarter. AQR Capital Management LLC now owns 3,119,855 shares of the semiconductor company's stock worth $187,566,000 after buying an additional 2,710,894 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in Marvell Technology by 8,128.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,460,851 shares of the semiconductor company's stock worth $151,515,000 after buying an additional 2,430,945 shares in the last quarter. Institutional investors own 83.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Rosenblatt Securities cut their target price on shares of Marvell Technology from $124.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, August 29th. Loop Capital cut their target price on shares of Marvell Technology from $110.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. TD Cowen upped their target price on shares of Marvell Technology from $60.00 to $70.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Piper Sandler restated an "overweight" rating and set a $85.00 target price (down from $95.00) on shares of Marvell Technology in a research report on Friday, May 30th. Finally, UBS Group cut their target price on shares of Marvell Technology from $110.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Marvell Technology currently has a consensus rating of "Moderate Buy" and a consensus price target of $90.50.

Insider Buying and Selling at Marvell Technology

In other news, 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 transaction of $217,050.00. Following the completion of the transaction, the executive vice president directly owned 17,163 shares of the company's stock, valued at $1,241,743.05. This trade represents a 14.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.33% of the stock is owned by corporate insiders.

Marvell Technology Price Performance

NASDAQ MRVL opened at $75.53 on Tuesday. The business has a 50 day simple moving average of $72.51 and a 200 day simple moving average of $67.25. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $127.48. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.88. The stock has a market cap of $65.11 billion, a price-to-earnings ratio of -581.00, a PEG ratio of 0.90 and a beta of 1.85.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $2.01 billion. During the same period in the prior year, the business earned $0.30 EPS. Marvell Technology'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. Analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Friday, October 10th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, October 10th. Marvell Technology's dividend payout ratio (DPR) is currently -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.

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