Cambiar Investors LLC Cuts Stock Position in Marvell Technology, Inc. $MRVL

Key Points

• Cambiar Investors LLC reduced its position in Marvell Technology, Inc. by 65.7% in Q1, owning 7,757 shares valued at $478,000 after selling 14,847 shares during the period.
• Marvell Technology reported a quarterly earnings per share of $0.62, surpassing expectations, and achieved revenue of $1.90 billion, reflecting a 63.3% year-over-year increase.
• The firm recently declared a quarterly dividend of $0.06 per share, resulting in an annualized dividend yield of 0.3% and a dividend payout ratio of -42.11%.

Cambiar Investors LLC lessened its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 65.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,757 shares of the semiconductor company's stock after selling 14,847 shares during the quarter. Cambiar Investors LLC's holdings in Marvell Technology were worth $478,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Nuveen Asset Management LLC boosted its position in Marvell Technology by 232.2% during the 4th quarter. Nuveen Asset Management LLC now owns 9,360,425 shares of the semiconductor company's stock worth $1,033,859,000 after acquiring an additional 6,543,132 shares during the last quarter. Nuveen LLC bought a new stake in Marvell Technology in the 1st quarter valued at $399,587,000. Goldman Sachs Group Inc. raised its position in shares of Marvell Technology by 32.3% in the first quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company's stock valued at $1,272,117,000 after buying an additional 5,050,159 shares in the last quarter. Impax Asset Management Group plc boosted its position in Marvell Technology by 748.3% in the first quarter. Impax Asset Management Group plc now owns 3,700,841 shares of the semiconductor company's stock valued at $227,033,000 after buying an additional 3,264,557 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Marvell Technology by 8,128.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 2,460,851 shares of the semiconductor company's stock valued at $151,515,000 after acquiring an additional 2,430,945 shares during the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, EVP Mark Casper sold 3,000 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president directly owned 17,163 shares of the company's stock, valued at $1,241,743.05. The trade was a 14.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Panteha Dixon sold 1,283 shares of the firm'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 owned 29,572 shares of the company's stock, valued at $2,025,682. This trade represents a 4.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,783 shares of company stock valued at $407,716 in the last three months. 0.19% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MRVL has been the subject of several recent research reports. B. Riley restated a "buy" rating and issued a $115.00 price target (up from $110.00) on shares of Marvell Technology in a research report on Wednesday, June 18th. Wall Street Zen lowered shares of Marvell Technology from a "buy" rating to a "hold" rating in a report on Sunday. The Goldman Sachs Group began coverage on shares of Marvell Technology in a research note on Thursday, July 10th. They issued a "neutral" rating and a $75.00 target price for the company. KeyCorp reduced their price objective on Marvell Technology from $115.00 to $90.00 and set an "overweight" rating for the company in a research note on Friday, May 30th. Finally, Cantor Fitzgerald raised their target price on Marvell Technology from $60.00 to $75.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $94.70.

Marvell Technology Trading Down 6.1%

Shares of MRVL traded down $4.67 during mid-day trading on Tuesday, hitting $72.07. 16,930,406 shares of the company's stock traded hands, compared to its average volume of 18,423,932. The business's 50-day moving average price is $74.45 and its 200-day moving average price is $72.74. The company has a quick ratio of 0.94, a current ratio of 1.30 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $62.26 billion, a P/E ratio of -126.44, a PEG ratio of 0.83 and a beta of 1.83. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The semiconductor company reported $0.62 earnings per share (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 company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period last year, the business earned $0.24 EPS. Marvell Technology's quarterly 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, sell-side analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Announces Dividend

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

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.