Ceredex Value Advisors LLC Has $33.57 Million Stock Holdings in Marvell Technology, Inc. $MRVL

Key Points

• Ceredex Value Advisors LLC reduced its stake in Marvell Technology by 40.3%, holding approximately 0.06% of the company, equivalent to $33.57 million, after selling 368,075 shares in the first quarter.
• Marvell Technology reported earnings of $0.62 per share for the last quarter, exceeding analyst expectations of $0.61, with revenues rising by 63.3% year-over-year to $1.90 billion.
• The company declared a quarterly dividend of $0.06 per share, yielding 0.3%, with a negative dividend payout ratio of -42.11%.

Ceredex Value Advisors LLC lowered its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 40.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 545,145 shares of the semiconductor company's stock after selling 368,075 shares during the quarter. Ceredex Value Advisors LLC owned about 0.06% of Marvell Technology worth $33,565,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in Marvell Technology during the fourth quarter worth $234,000. Dynamic Advisor Solutions LLC increased its stake in Marvell Technology by 5.0% during the first quarter. Dynamic Advisor Solutions LLC now owns 4,313 shares of the semiconductor company's stock valued at $266,000 after acquiring an additional 206 shares during the period. Yousif Capital Management LLC increased its stake in Marvell Technology by 8.4% during the first quarter. Yousif Capital Management LLC now owns 15,057 shares of the semiconductor company's stock valued at $927,000 after acquiring an additional 1,164 shares during the period. Credit Agricole S A increased its stake in Marvell Technology by 27.7% during the first quarter. Credit Agricole S A now owns 585,947 shares of the semiconductor company's stock valued at $36,077,000 after acquiring an additional 127,169 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in 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 valued at $1,272,117,000 after acquiring an additional 5,050,159 shares during the period. Institutional investors own 83.51% of the company's stock.

Marvell Technology Price Performance

Shares of MRVL stock opened at $72.95 on Tuesday. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $127.48. The stock has a market cap of $63.02 billion, a PE ratio of -127.98, a PEG ratio of 0.79 and a beta of 1.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.94 and a current ratio of 1.30. The firm's 50 day moving average price is $74.78 and its two-hundred day moving average price is $71.28.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.88 billion. During the same period last year, the firm earned $0.24 earnings per share. The business'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. As a group, analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

The company also recently announced 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 (DPR) is -42.11%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Benchmark restated a "buy" rating and set a $95.00 price target on shares of Marvell Technology in a research note on Wednesday, June 18th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Marvell Technology from $100.00 to $85.00 and set a "buy" rating for the company in a research note on Friday, May 30th. B. Riley reiterated a "buy" rating and issued a $115.00 target price (up previously from $110.00) on shares of Marvell Technology in a research note on Wednesday, June 18th. Cantor Fitzgerald lifted their target price on shares of Marvell Technology from $60.00 to $75.00 and gave the company a "neutral" rating in a research note on Wednesday, June 18th. Finally, Bank of America raised their price target on shares of Marvell Technology from $80.00 to $90.00 and gave the company a "buy" rating in a report on Wednesday, June 18th. One 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $94.70.

Insiders Place Their Bets

In other Marvell Technology news, CAO Panteha Dixon sold 1,283 shares of the stock in a transaction on Monday, June 16th. The shares were sold at an average price of $68.50, for a total value of $87,885.50. Following the sale, the chief accounting officer directly owned 29,572 shares in the company, valued at approximately $2,025,682. This trade represents a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 owned 121,348 shares in the company, valued at approximately $8,314,764.96. This trade represents a 1.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,783 shares of company stock worth $407,716. Company insiders own 0.33% of the company's stock.

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.

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