Marvell Technology, Inc. $MRVL Shares Sold by Avanza Fonder AB

Key Points

• Avanza Fonder AB reduced its holdings in Marvell Technology by 15.4%, selling 12,837 shares and bringing their total shares to 70,699, valued at $5.47 million.
• Institutional investors and hedge funds now collectively own 83.51% of Marvell Technology's stock, indicating strong institutional interest in the company.
• Marvell Technology has recently declared a quarterly dividend of $0.06, with a projected annual yield of 0.3%.

Avanza Fonder AB trimmed its position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 15.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 70,699 shares of the semiconductor company's stock after selling 12,837 shares during the quarter. Avanza Fonder AB's holdings in Marvell Technology were worth $5,472,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Hughes Financial Services LLC acquired a new stake in Marvell Technology in the first quarter valued at approximately $26,000. Rossby Financial LCC acquired a new position in shares of Marvell Technology during the first quarter worth $27,000. Financial Connections Group Inc. lifted its holdings in shares of Marvell Technology by 776.0% during the first quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 388 shares during the period. Vision Financial Markets LLC acquired a new position in shares of Marvell Technology during the first quarter worth $28,000. Finally, Security National Bank acquired a new position in shares of Marvell Technology during the first quarter worth $31,000. Institutional investors and hedge funds own 83.51% of the company's stock.

Marvell Technology Stock Down 1.3%

Marvell Technology stock traded down $0.99 during trading hours on Tuesday, hitting $74.54. The stock had a trading volume of 12,511,342 shares, compared to its average volume of 19,217,592. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. The stock's 50-day moving average price is $72.51 and its 200-day moving average price is $67.25. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $127.48. The stock has a market capitalization of $64.26 billion, a P/E ratio of -572.10, a price-to-earnings-growth ratio of 0.90 and a beta of 1.85.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.67. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The firm's quarterly revenue was up 57.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Equities research analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Friday, October 10th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. Marvell Technology's dividend payout ratio is currently -184.62%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on MRVL shares. TD Cowen lifted their target price on shares of Marvell Technology from $60.00 to $70.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. B. Riley reissued a "buy" rating and set a $115.00 target price (up previously from $110.00) on shares of Marvell Technology in a research note on Wednesday, June 18th. Bank of America reiterated a "neutral" rating and set a $78.00 price objective (down previously from $90.00) on shares of Marvell Technology in a report on Friday, August 29th. China Renaissance started coverage on shares of Marvell Technology in a report on Thursday, June 5th. They set a "buy" rating and a $110.00 price objective on the stock. Finally, Zacks Research lowered shares of Marvell Technology from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Marvell Technology presently has an average rating of "Moderate Buy" and an average price target of $90.50.

Insider Buying and Selling

In other Marvell Technology news, EVP Mark Casper sold 3,000 shares of the stock in a transaction dated 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 directly owned 17,163 shares in the company, valued at $1,241,743.05. This represents a 14.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.33% of the stock is owned by corporate insiders.

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.