Arnhold LLC Takes Position in Marvell Technology, Inc. $MRVL

Key Points

• Arnhold LLC has acquired a new position in Marvell Technology, purchasing 10,000 shares worth approximately $616,000 in the first quarter.
• A variety of institutional investors, including CW Advisors LLC and Norinchukin Bank, have significantly increased their holdings in Marvell Technology during the same period.
• Marvell Technology recently reported earnings of $0.62 per share, exceeding estimates, alongside a quarterly dividend announcement of $0.06 per share with a yield of 0.3%.

Arnhold LLC acquired a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,000 shares of the semiconductor company's stock, valued at approximately $616,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MRVL. Compound Planning Inc. increased its position in Marvell Technology by 16.7% in the 1st quarter. Compound Planning Inc. now owns 17,430 shares of the semiconductor company's stock worth $1,073,000 after purchasing an additional 2,496 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Marvell Technology by 2.6% during the 1st quarter. Ameriprise Financial Inc. now owns 8,942,304 shares of the semiconductor company's stock valued at $562,991,000 after buying an additional 227,555 shares during the last quarter. Norinchukin Bank The grew its stake in shares of Marvell Technology by 169.0% in the 1st quarter. Norinchukin Bank The now owns 23,648 shares of the semiconductor company's stock valued at $1,456,000 after buying an additional 14,858 shares in the last quarter. Channing Capital Management LLC acquired a new position in Marvell Technology in the first quarter worth approximately $4,840,000. Finally, CW Advisors LLC increased its holdings in Marvell Technology by 379.0% in the first quarter. CW Advisors LLC now owns 53,530 shares of the semiconductor company's stock worth $3,313,000 after buying an additional 42,354 shares during the last quarter. Hedge funds and other institutional investors own 83.51% of the company's stock.

Insider Buying and Selling

In other news, CFO Willem A. Meintjes sold 1,500 shares of the firm's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $68.52, for a total transaction of $102,780.00. Following the completion of the transaction, the chief financial officer directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark Casper sold 3,000 shares of Marvell Technology 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 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 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 valued at $407,716 over the last three months. 0.19% of the stock is owned by corporate insiders.

Marvell Technology Stock Down 0.0%

MRVL stock opened at $71.21 on Friday. The stock has a market capitalization of $61.51 billion, a price-to-earnings ratio of -124.93, a price-to-earnings-growth ratio of 0.77 and a beta of 1.83. The company has a 50-day moving average of $74.61 and a two-hundred day moving average of $72.44. 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 0.22, a current ratio of 1.30 and a quick ratio of 0.94.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its quarterly earnings data 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 positive return on equity of 8.42% and a negative net margin of 7.56%.The business had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.88 billion. During the same quarter in the previous 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, equities research analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Dividend Announcement

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

Analysts Set New Price Targets

MRVL has been the subject of a number of analyst reports. TD Cowen lifted their target price on shares of Marvell Technology from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Friday, May 30th. B. Riley reaffirmed a "buy" rating and issued a $115.00 price objective (up previously from $110.00) on shares of Marvell Technology in a research note on Wednesday, June 18th. Cantor Fitzgerald upped their price objective on shares of Marvell Technology from $60.00 to $75.00 and gave the stock a "neutral" rating in a report on Wednesday, June 18th. Deutsche Bank Aktiengesellschaft cut their target price on Marvell Technology from $100.00 to $85.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Finally, Wall Street Zen cut Marvell Technology from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $94.70.

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.

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