Marvell Technology, Inc. $MRVL Shares Sold by BI Asset Management Fondsmaeglerselskab A S

Key Points

• BI Asset Management Fondsmaeglerselskab A S has reduced its holdings in Marvell Technology by 83.3%, selling 172,743 shares and now owns 34,525 shares valued at approximately $2.1 million.
• Marvell Technology reported a 63.3% year-over-year increase in quarterly revenue to $1.90 billion, with earnings per share beating analyst estimates at $0.62.
• Recent insider trading shows executives selling significant shares, with CFO Willem A. Meintjes and EVP Mark Casper decreasing their positions by 1.22% and 14.88%, respectively, raising concerns about insider confidence.

BI Asset Management Fondsmaeglerselskab A S trimmed its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 83.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,525 shares of the semiconductor company's stock after selling 172,743 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Marvell Technology were worth $2,126,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Marvell Technology during the fourth quarter worth approximately $234,000. Dynamic Advisor Solutions LLC increased its stake in shares of Marvell Technology by 5.0% during the first quarter. Dynamic Advisor Solutions LLC now owns 4,313 shares of the semiconductor company's stock worth $266,000 after buying an additional 206 shares during the period. Yousif Capital Management LLC increased its stake in shares of Marvell Technology by 8.4% during the first quarter. Yousif Capital Management LLC now owns 15,057 shares of the semiconductor company's stock worth $927,000 after buying an additional 1,164 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Marvell Technology by 32.3% during the first 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 during the period. Finally, Sargent Investment Group LLC increased its stake in shares of Marvell Technology by 55.7% during the first quarter. Sargent Investment Group LLC now owns 13,392 shares of the semiconductor company's stock worth $825,000 after buying an additional 4,792 shares during the period. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Marvell Technology Stock Performance

Shares of MRVL stock traded up $1.79 during trading hours on Friday, hitting $73.00. The stock had a trading volume of 14,399,279 shares, compared to its average volume of 16,045,754. The firm has a market capitalization of $63.06 billion, a PE ratio of -128.07, a PEG ratio of 0.79 and a beta of 1.83. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve month high of $127.48. The stock's 50 day moving average is $74.72 and its 200 day moving average is $71.87. 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, beating the consensus estimate of $0.61 by $0.01. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.88 billion. Marvell Technology had a positive return on equity of 8.42% and a negative net margin of 7.56%.The company's revenue was up 63.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.24 earnings per share. Marvell Technology has set its Q2 2026 guidance at 0.620-0.720 EPS. As a group, research analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal 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 issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, July 11th. Marvell Technology's dividend payout ratio is presently -42.11%.

Insider Activity

In related news, CFO Willem A. Meintjes sold 1,500 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $68.52, for a total transaction of $102,780.00. Following the completion of the sale, the chief financial officer directly owned 121,348 shares of the company's stock, valued at $8,314,764.96. This trade represents a 1.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 value of $217,050.00. Following the sale, the executive vice president directly owned 17,163 shares of the company's stock, 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. Over the last ninety days, insiders sold 5,783 shares of company stock valued at $407,716. 0.19% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Benchmark reiterated a "buy" rating and issued a $95.00 price target on shares of Marvell Technology in a research note on Wednesday, June 18th. Melius Research increased their price target on shares of Marvell Technology from $67.00 to $76.00 and gave the company a "hold" rating in a research note on Wednesday, June 18th. Wells Fargo & Company dropped their price target on shares of Marvell Technology from $120.00 to $95.00 and set an "overweight" rating on the stock in a research note on Friday, May 30th. B. Riley reiterated a "buy" rating and issued a $115.00 price target (up from $110.00) on shares of Marvell Technology in a research note on Wednesday, June 18th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $124.00 price target on shares of Marvell Technology in a research note on Wednesday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $94.70.

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.