Corient IA LLC Invests $246,000 in Marvell Technology, Inc. $MRVL

Key Points

• Corient IA LLC made a new investment of approximately $246,000 in Marvell Technology, acquiring 4,000 shares in the first quarter.
• Insiders, including the CAO and CFO, have recently sold shares of Marvell Technology, with total insider sales amounting to $407,716 in the last quarter.
• A majority of analysts cover Marvell Technology with a consensus rating of "Moderate Buy" and an average target price of $94.70 for the stock.

Corient IA LLC bought a new position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 4,000 shares of the semiconductor company's stock, valued at approximately $246,000.

Several other institutional investors have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Marvell Technology in the 4th quarter worth approximately $234,000. Dynamic Advisor Solutions LLC grew its stake in shares of Marvell Technology by 5.0% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 4,313 shares of the semiconductor company's stock worth $266,000 after buying an additional 206 shares during the last quarter. Yousif Capital Management LLC grew its stake in shares of Marvell Technology by 8.4% in the 1st quarter. Yousif Capital Management LLC now owns 15,057 shares of the semiconductor company's stock worth $927,000 after buying an additional 1,164 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Marvell Technology by 32.3% in the 1st 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. Finally, Sargent Investment Group LLC grew its stake in shares of Marvell Technology by 55.7% in the 1st quarter. Sargent Investment Group LLC now owns 13,392 shares of the semiconductor company's stock worth $825,000 after buying an additional 4,792 shares during the last quarter. Institutional investors own 83.51% of the company's stock.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, CFO Willem A. Meintjes sold 1,500 shares of the firm's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $68.52, for a total transaction 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 trade represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Panteha Dixon sold 1,283 shares of the firm's stock in a transaction dated 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 represents a 4.16% 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 over the last ninety days. 0.33% of the stock is currently owned by company insiders.

Marvell Technology Stock Performance

Shares of MRVL stock traded down $4.67 on Tuesday, reaching $72.07. The stock had a trading volume of 16,930,406 shares, compared to its average volume of 15,413,750. 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 $74.52 and a 200 day simple moving average of $72.74. The stock has a market cap of $62.26 billion, a P/E ratio of -126.44, a price-to-earnings-growth ratio of 0.83 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.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its earnings results on Thursday, May 29th. The semiconductor company reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.01. Marvell Technology had a positive return on equity of 8.42% and a negative net margin of 7.56%.The company 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 EPS. Marvell Technology's revenue for the quarter was up 63.3% compared to the same quarter last year. Marvell Technology has set its Q2 2026 guidance at 0.620-0.720 EPS. Equities research analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Friday, July 11th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, July 11th. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. Marvell Technology's dividend payout ratio (DPR) is currently -42.11%.

Wall Street Analysts Forecast Growth

MRVL has been the topic of several recent research reports. UBS Group restated a "buy" rating on shares of Marvell Technology in a research note on Monday, June 2nd. Evercore ISI cut their target price on Marvell Technology from $135.00 to $133.00 and set an "outperform" rating on the stock in a research note on Friday, May 30th. Deutsche Bank Aktiengesellschaft cut their target price on Marvell Technology from $100.00 to $85.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Melius Research increased their target price on Marvell Technology from $67.00 to $76.00 and gave the company a "hold" rating in a research note on Wednesday, June 18th. Finally, B. Riley reiterated a "buy" rating and set a $115.00 target price (up from $110.00) on shares of Marvell Technology in a research note on Wednesday, June 18th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $94.70.

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.