Clearline Capital LP Makes New Investment in Marvell Technology, Inc. $MRVL

Key Points

• Clearline Capital LP made a new investment in Marvell Technology, purchasing 66,783 shares valued at approximately $4.1 million during the first quarter.
• Institutional investors own 83.51% of Marvell's stock, with several funds significantly increasing their stakes in the company recently.
• Marvell Technology's latest quarterly earnings report indicated a 57.6% year-over-year revenue increase, with earnings per share meeting consensus estimates at $0.67.

Clearline Capital LP bought a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 66,783 shares of the semiconductor company's stock, valued at approximately $4,112,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MRVL. Sciencast Management LP grew its stake in shares of Marvell Technology by 191.7% in the first quarter. Sciencast Management LP now owns 50,546 shares of the semiconductor company's stock worth $3,112,000 after purchasing an additional 33,218 shares during the last quarter. Fred Alger Management LLC grew its stake in shares of Marvell Technology by 14.4% in the first quarter. Fred Alger Management LLC now owns 253,768 shares of the semiconductor company's stock worth $15,624,000 after purchasing an additional 31,926 shares during the last quarter. Kestra Investment Management LLC grew its stake in shares of Marvell Technology by 137.4% in the first quarter. Kestra Investment Management LLC now owns 2,395 shares of the semiconductor company's stock worth $147,000 after purchasing an additional 1,386 shares during the last quarter. Resources Management Corp CT ADV grew its stake in shares of Marvell Technology by 47.8% in the first quarter. Resources Management Corp CT ADV now owns 20,885 shares of the semiconductor company's stock worth $1,286,000 after purchasing an additional 6,753 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Marvell Technology in the first quarter worth $501,000. Institutional investors own 83.51% of the company's stock.

Marvell Technology Price Performance

Shares of NASDAQ MRVL opened at $63.33 on Monday. The firm's 50-day moving average price is $73.45 and its 200-day moving average price is $68.73. Marvell Technology, Inc. has a 1-year low of $47.08 and a 1-year high of $127.48. The firm has a market capitalization of $54.60 billion, a P/E ratio of -487.15, a P/E/G ratio of 0.77 and a beta of 1.85. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share 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 11.01%. 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 prior year, the business earned $0.30 earnings per share. The business's quarterly revenue was up 57.6% compared to the same quarter last year. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Equities research analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share 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 issued a dividend of $0.06 per share. The ex-dividend date was Friday, July 11th. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. Marvell Technology's dividend payout ratio is currently -184.62%.

Insider Activity

In other news, EVP Mark Casper sold 3,000 shares of the company's stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $72.35, for a total transaction of $217,050.00. Following the transaction, the executive vice president owned 17,163 shares in the company, valued at approximately $1,241,743.05. This represents a 14.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Panteha Dixon sold 1,283 shares of the company'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 in the company, valued at $2,025,682. This represents a 4.16% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,783 shares of company stock worth $407,716. Company insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on MRVL shares. Barclays reissued an "overweight" rating and issued a $80.00 price objective on shares of Marvell Technology in a research note on Friday, August 29th. Melius Research boosted their target price on shares of Marvell Technology from $67.00 to $76.00 and gave the company a "hold" rating in a report on Wednesday, June 18th. B. Riley restated a "buy" rating and issued a $115.00 target price (up previously from $110.00) on shares of Marvell Technology in a report on Wednesday, June 18th. Wells Fargo & Company dropped their target price on shares of Marvell Technology from $95.00 to $90.00 and set an "overweight" rating on the stock in a report on Friday, August 29th. Finally, Loop Capital dropped their target price on shares of Marvell Technology from $110.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.

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