Canada Pension Plan Investment Board Has $65.81 Million Stock Position in Marvell Technology, Inc. $MRVL

Key Points

• The Canada Pension Plan Investment Board increased its stake in Marvell Technology by 127.5%, holding over 1 million shares valued at approximately $65.8 million.
• Marvell Technology's stock is experiencing a downturn, trading down 18.6%, with its current price at $62.87, significantly below its 52-week high of $127.48.
• The company reported earnings of $0.67 per share for the last quarter, matching analysts' expectations, and its revenue increased by 57.6% year-over-year to $2.01 billion.

Canada Pension Plan Investment Board increased its position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 127.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,068,819 shares of the semiconductor company's stock after buying an additional 599,032 shares during the period. Canada Pension Plan Investment Board owned 0.12% of Marvell Technology worth $65,807,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MRVL. Nuveen Asset Management LLC raised its holdings in shares of 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 valued at $1,033,859,000 after purchasing an additional 6,543,132 shares in the last quarter. Nuveen LLC bought a new position in Marvell Technology during the first quarter valued at about $399,587,000. Goldman Sachs Group Inc. lifted 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 worth $1,272,117,000 after buying an additional 5,050,159 shares during the last quarter. Impax Asset Management Group plc boosted its stake in shares of Marvell Technology by 748.3% during the 1st quarter. Impax Asset Management Group plc now owns 3,700,841 shares of the semiconductor company's stock worth $227,033,000 after acquiring an additional 3,264,557 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Marvell Technology by 8,128.6% during 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.

Marvell Technology Stock Performance

Shares of NASDAQ MRVL traded down $14.36 during trading hours on Friday, reaching $62.87. The stock had a trading volume of 96,548,218 shares, compared to its average volume of 18,207,888. The company has a market cap of $54.31 billion, a price-to-earnings ratio of -483.62, a PEG ratio of 0.68 and a beta of 1.85. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve month high of $127.48. The business's fifty day moving average is $74.69 and its two-hundred day moving average is $70.29. 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 announced its quarterly 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. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.02%. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the firm posted $0.30 EPS. The business's revenue for the quarter was up 57.6% on a year-over-year basis. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, research analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current 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. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Friday, July 11th. Marvell Technology's dividend payout ratio is currently -184.62%.

Insider Activity at Marvell Technology

In related news, CAO Panteha Dixon sold 1,283 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $68.50, for a total transaction of $87,885.50. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Willem A. Meintjes sold 1,500 shares of the firm's stock in a transaction on 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,783 shares of company stock valued at $407,716 in the last 90 days. 0.33% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MRVL has been the subject of several analyst reports. Oppenheimer restated an "outperform" rating and issued a $95.00 target price on shares of Marvell Technology in a report on Friday. Redburn Atlantic initiated coverage on shares of Marvell Technology in a research report on Wednesday, May 28th. They issued a "neutral" rating and a $67.00 price target on the stock. Melius downgraded shares of Marvell Technology from a "buy" rating to a "hold" rating and set a $66.00 price objective for the company. in a report on Thursday, May 22nd. Rosenblatt Securities lowered their target price on Marvell Technology from $124.00 to $95.00 and set a "buy" rating on the stock in a report on Friday. Finally, The Goldman Sachs Group began coverage on Marvell Technology in a research report on Thursday, July 10th. They issued a "neutral" rating and a $75.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $90.50.

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.