Banco Bilbao Vizcaya Argentaria S.A. Cuts Stake in Marvell Technology, Inc. $MRVL

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. reduced its stake in Marvell Technology, Inc. by 26.2%, now holding 147,328 shares valued at approximately $9.09 million.
• Recent analyst reports show mixed ratings on Marvell, with upgrades and downgrades resulting in a consensus target price of $94.70 and an overall rating of "Moderate Buy."
• Marvell reported a 63.3% year-over-year revenue increase in its latest earnings, achieving $1.90 billion and surpassing consensus estimates.

Banco Bilbao Vizcaya Argentaria S.A. decreased its holdings in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 26.2% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 147,328 shares of the semiconductor company's stock after selling 52,212 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Marvell Technology were worth $9,087,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Coldstream Capital Management Inc. boosted its stake in shares of Marvell Technology by 1.0% in the 4th quarter. Coldstream Capital Management Inc. now owns 11,344 shares of the semiconductor company's stock valued at $1,253,000 after purchasing an additional 116 shares in the last quarter. Virtue Capital Management LLC boosted its stake in shares of Marvell Technology by 2.1% in the 4th quarter. Virtue Capital Management LLC now owns 7,752 shares of the semiconductor company's stock valued at $856,000 after purchasing an additional 163 shares in the last quarter. Kolinsky Wealth Management LLC boosted its stake in shares of Marvell Technology by 3.3% in the 4th quarter. Kolinsky Wealth Management LLC now owns 5,628 shares of the semiconductor company's stock valued at $622,000 after purchasing an additional 181 shares in the last quarter. Alta Advisers Ltd boosted its stake in shares of Marvell Technology by 7.3% in the 4th quarter. Alta Advisers Ltd now owns 2,898 shares of the semiconductor company's stock valued at $320,000 after purchasing an additional 198 shares in the last quarter. Finally, Denali Advisors LLC boosted its stake in shares of Marvell Technology by 2.3% in the 1st quarter. Denali Advisors LLC now owns 8,713 shares of the semiconductor company's stock valued at $536,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 83.51% of the company's stock.

Analyst Upgrades and Downgrades

MRVL has been the subject of a number of recent analyst reports. Melius Research upped their price target on shares of Marvell Technology from $67.00 to $76.00 and gave the company a "hold" rating in a report on Wednesday, June 18th. Wells Fargo & Company lowered their price target on shares of Marvell Technology from $120.00 to $95.00 and set an "overweight" rating for the company in a report on Friday, May 30th. Needham & Company LLC lowered shares of Marvell Technology from a "buy" rating to a "cautious" rating in a report on Wednesday, July 16th. The Goldman Sachs Group initiated coverage on shares of Marvell Technology in a report on Thursday, July 10th. They set a "neutral" rating and a $75.00 price target for the company. Finally, Susquehanna lowered their price target on shares of Marvell Technology from $110.00 to $90.00 and set a "positive" rating for the company in a report on Tuesday, May 27th. 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 issued a Sell rating to the company's stock. According to MarketBeat, Marvell Technology presently has an average rating of "Moderate Buy" and a consensus target price of $94.70.

Marvell Technology Stock Down 6.1%

Shares of NASDAQ MRVL opened at $72.07 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 0.94 and a debt-to-equity ratio of 0.22. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month high of $127.48. The firm has a market capitalization of $62.26 billion, a PE ratio of -126.44, a price-to-earnings-growth ratio of 0.83 and a beta of 1.83. The firm has a fifty day simple moving average of $74.52 and a two-hundred day simple moving average of $72.74.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The semiconductor company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. Marvell Technology had a negative net margin of 7.56% and a positive return on equity of 8.42%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the business earned $0.24 EPS. The company's revenue for the quarter was up 63.3% on a year-over-year basis. Marvell Technology has set its Q2 2026 guidance at 0.620-0.720 EPS. Equities analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Dividend Announcement

The business also recently disclosed 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 was Friday, July 11th. This represents a $0.24 annualized dividend and a yield of 0.3%. Marvell Technology's dividend payout ratio is -42.11%.

Insider Transactions at Marvell Technology

In other news, CFO Willem A. Meintjes sold 1,500 shares of the company's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $68.52, for a total value of $102,780.00. Following the sale, the chief financial officer directly owned 121,348 shares of the company's stock, valued at $8,314,764.96. This represents a 1.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Panteha Dixon sold 1,283 shares of the company's stock in a transaction dated Monday, June 16th. The stock was 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 disclosure for this sale can be found here. Insiders have sold 5,783 shares of company stock valued at $407,716 in the last three months. 0.33% of the stock is currently owned by company 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.

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