B. Metzler seel. Sohn & Co. AG Sells 9,447 Shares of Marvell Technology, Inc. $MRVL

Key Points

• B. Metzler seel. Sohn & Co. AG reduced its stake in Marvell Technology, Inc. by 9.3%, now holding 91,932 shares valued at approximately $5.66 million.
• Recent earnings report showed Marvell Technology had a quarterly revenue of $1.90 billion, exceeding estimates, along with a 63.3% year-over-year revenue increase.
• Marvell Technology announced a quarterly dividend of $0.06 per share, representing an annual yield of 0.3% and reflecting a negative dividend payout ratio of -42.11%.

B. Metzler seel. Sohn & Co. AG cut its position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 9.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 91,932 shares of the semiconductor company's stock after selling 9,447 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Marvell Technology were worth $5,660,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. CreativeOne Wealth LLC raised its position in shares of Marvell Technology by 8.5% in the 1st quarter. CreativeOne Wealth LLC now owns 8,920 shares of the semiconductor company's stock valued at $549,000 after buying an additional 698 shares in the last quarter. Ieq Capital LLC raised its position in shares of Marvell Technology by 256.1% in the 1st quarter. Ieq Capital LLC now owns 208,567 shares of the semiconductor company's stock valued at $12,841,000 after buying an additional 150,002 shares in the last quarter. FORA Capital LLC raised its position in shares of Marvell Technology by 231.7% in the 1st quarter. FORA Capital LLC now owns 248,051 shares of the semiconductor company's stock valued at $15,272,000 after buying an additional 173,274 shares in the last quarter. South Plains Financial Inc. acquired a new position in shares of Marvell Technology in the 1st quarter valued at approximately $192,000. Finally, Taikang Asset Management Hong Kong Co Ltd raised its position in shares of Marvell Technology by 64.2% in the 1st quarter. Taikang Asset Management Hong Kong Co Ltd now owns 56,994 shares of the semiconductor company's stock valued at $3,509,000 after buying an additional 22,294 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. B. Riley reaffirmed a "buy" rating and set a $115.00 price target (up from $110.00) on shares of Marvell Technology in a report on Wednesday, June 18th. Redburn Atlantic assumed coverage on shares of Marvell Technology in a report on Wednesday, May 28th. They set a "neutral" rating and a $67.00 price target on the stock. Jefferies Financial Group decreased their price target on shares of Marvell Technology from $90.00 to $80.00 and set a "buy" rating on the stock in a report on Friday. Raymond James Financial reaffirmed an "outperform" rating and set a $90.00 price target (down from $110.00) on shares of Marvell Technology in a report on Friday, May 30th. Finally, Benchmark restated a "buy" rating and issued a $95.00 price target on shares of Marvell Technology in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $90.50.

Insider Transactions at Marvell Technology

In other news, CAO Panteha Dixon sold 1,283 shares of the stock in a transaction on Monday, June 16th. The shares were sold at an average price of $68.50, for a total transaction of $87,885.50. Following the completion of the sale, the chief accounting officer directly owned 29,572 shares in the company, valued at $2,025,682. This represents a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mark Casper sold 3,000 shares of the stock in a transaction on Friday, July 18th. The stock was 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 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 sold a total of 5,783 shares of company stock worth $407,716 over the last three months. 0.19% of the stock is owned by company insiders.

Marvell Technology Trading Down 18.6%

Shares of MRVL traded down $14.36 during trading hours on Friday, hitting $62.87. 96,548,218 shares of the stock were exchanged, compared to its average volume of 14,810,202. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two 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. The business has a 50-day moving average of $74.69 and a 200-day moving average of $70.52. The firm has a market capitalization of $54.31 billion, a P/E ratio of -483.62, a price-to-earnings-growth ratio of 0.68 and a beta of 1.83.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its quarterly earnings data 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 negative net margin of 1.43% and a positive return on equity of 11.02%. The company 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 company posted $0.30 earnings per share. 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. On average, research analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

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

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.