Candriam S.C.A. Grows Position in Marvell Technology, Inc. $MRVL

Key Points

• Candriam S.C.A. increased its holdings in Marvell Technology by 1.2%, owning 865,407 shares valued at approximately $53.3 million.
• Marvell Technology reported a 63.3% increase in revenue year-over-year, with a recent earnings per share of $0.62, slightly above analysts' expectations.
• The company declared a quarterly dividend of $0.06 per share, resulting in a low annual dividend yield of 0.3% and a payout ratio of -42.11%.

Candriam S.C.A. boosted its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 1.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 865,407 shares of the semiconductor company's stock after purchasing an additional 10,039 shares during the quarter. Candriam S.C.A. owned about 0.10% of Marvell Technology worth $53,283,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Marvell Technology during the fourth quarter valued at $234,000. Dynamic Advisor Solutions LLC grew its holdings in shares of Marvell Technology by 5.0% in the first quarter. Dynamic Advisor Solutions LLC now owns 4,313 shares of the semiconductor company's stock worth $266,000 after purchasing an additional 206 shares during the last quarter. Yousif Capital Management LLC grew its holdings in shares of Marvell Technology by 8.4% in the first quarter. Yousif Capital Management LLC now owns 15,057 shares of the semiconductor company's stock worth $927,000 after purchasing an additional 1,164 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings 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 purchasing an additional 5,050,159 shares during the last quarter. Finally, Sargent Investment Group LLC grew its holdings in Marvell Technology by 55.7% during the 1st quarter. Sargent Investment Group LLC now owns 13,392 shares of the semiconductor company's stock worth $825,000 after acquiring an additional 4,792 shares in the last quarter. Hedge funds and other institutional investors own 83.51% of the company's stock.

Insider Activity

In other news, CFO Willem A. Meintjes sold 1,500 shares of the business's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $68.52, for a total transaction of $102,780.00. Following the transaction, the chief financial officer owned 121,348 shares of the company's stock, valued at approximately $8,314,764.96. The trade was a 1.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Panteha Dixon sold 1,283 shares of the company's stock in a transaction dated 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 transaction, the chief accounting officer directly owned 29,572 shares in the company, valued at $2,025,682. The trade was a 4.16% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,783 shares of company stock valued at $407,716. 0.33% of the stock is currently owned by insiders.

Marvell Technology Trading Down 6.1%

Shares of MRVL opened at $72.07 on Wednesday. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $127.48. 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's fifty day moving average is $74.52 and its two-hundred day moving average is $72.74. The stock has a market cap 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.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.88 billion. Marvell Technology had a negative net margin of 7.56% and a positive return on equity of 8.42%. The company's revenue was up 63.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS. Marvell Technology has set its Q2 2026 guidance at 0.620-0.720 EPS. Research analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have recently weighed in on MRVL. Rosenblatt Securities restated a "buy" rating and issued a $124.00 price target on shares of Marvell Technology in a report on Wednesday, June 18th. UBS Group restated a "buy" rating on shares of Marvell Technology in a report on Monday, June 2nd. B. Riley restated a "buy" rating and issued a $115.00 price target (up from $110.00) on shares of Marvell Technology in a report on Wednesday, June 18th. Barclays lowered their price target on shares of Marvell Technology from $130.00 to $80.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, The Goldman Sachs Group began coverage on shares of Marvell Technology in a report on Thursday, July 10th. They issued a "neutral" rating and a $75.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $94.70.

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.

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