Compagnie Lombard Odier SCmA Cuts Stock Position in Marvell Technology, Inc. $MRVL

Key Points

• Compagnie Lombard Odier SCmA reduced its stake in Marvell Technology, Inc. by 86.9% in Q2, owning only 594 shares after selling 3,940 shares.
• Marvell Technology's recent earnings report showed $0.67 earnings per share, meeting expectations, with revenue of $2.01 billion, a 57.6% increase year-over-year.
• The company announced a quarterly dividend of $0.06 per share, representing a 0.3% dividend yield, despite a negative dividend payout ratio of -184.62%.

Compagnie Lombard Odier SCmA decreased its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 86.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 594 shares of the semiconductor company's stock after selling 3,940 shares during the quarter. Compagnie Lombard Odier SCmA's holdings in Marvell Technology were worth $46,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Wealth Advisory Solutions LLC purchased a new stake in Marvell Technology during the 2nd quarter valued at about $4,070,000. CHICAGO TRUST Co NA increased its position in shares of Marvell Technology by 3.5% during the second quarter. CHICAGO TRUST Co NA now owns 4,703 shares of the semiconductor company's stock valued at $364,000 after acquiring an additional 158 shares in the last quarter. Opal Wealth Advisors LLC raised its holdings in Marvell Technology by 79.5% in the 2nd quarter. Opal Wealth Advisors LLC now owns 1,775 shares of the semiconductor company's stock worth $137,000 after acquiring an additional 786 shares during the last quarter. Gries Financial LLC bought a new position in Marvell Technology in the 2nd quarter valued at approximately $574,000. Finally, CRA Financial Services LLC boosted its stake in Marvell Technology by 48.4% during the 2nd quarter. CRA Financial Services LLC now owns 25,082 shares of the semiconductor company's stock valued at $1,941,000 after purchasing an additional 8,185 shares during the last quarter. 83.51% of the stock is owned by institutional investors.

Marvell Technology Trading Down 1.2%

Shares of MRVL opened at $74.62 on Wednesday. The firm has a market cap of $64.33 billion, a P/E ratio of -574.00, a price-to-earnings-growth ratio of 0.91 and a beta of 1.85. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48. The company has a 50 day simple moving average of $72.55 and a two-hundred day simple moving average of $67.30.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its earnings results 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 company had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same period last year, the company posted $0.30 earnings per share. Marvell Technology's quarterly revenue was up 57.6% on a year-over-year basis. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, equities analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Friday, October 10th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, October 10th. Marvell Technology's dividend payout ratio is currently -184.62%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on MRVL shares. Oppenheimer reaffirmed an "outperform" rating and set a $95.00 price target on shares of Marvell Technology in a report on Friday, August 29th. Wells Fargo & Company lowered their target price on shares of Marvell Technology from $95.00 to $90.00 and set an "overweight" rating on the stock in a research note on Friday, August 29th. TD Cowen lifted their price target on shares of Marvell Technology from $60.00 to $70.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. UBS Group decreased their price objective on shares of Marvell Technology from $110.00 to $95.00 and set a "buy" rating for the company in a report on Friday, August 29th. Finally, Barclays restated an "overweight" rating and issued a $80.00 target price on shares of Marvell Technology in a report on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $90.50.

Insider Buying and Selling at Marvell Technology

In related news, EVP Mark Casper sold 3,000 shares of the business's stock in a transaction on Friday, July 18th. The shares were sold at an average price of $72.35, for a total value of $217,050.00. Following the sale, the executive vice president owned 17,163 shares in the company, valued at approximately $1,241,743.05. The trade was a 14.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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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