CRA Financial Services LLC Grows Holdings in Marvell Technology, Inc. $MRVL

Key Points

• CRA Financial Services LLC raised its holdings in Marvell Technology by 48.4% in the second quarter, now owning 25,082 shares valued at $1,941,000.
• Marvell Technology reported $2.01 billion in revenue for the recent quarter, with earnings per share hitting analysts' expectations at $0.67.
• The company declared a quarterly dividend of $0.06 per share, with the ex-dividend date set for October 10th.

CRA Financial Services LLC grew its position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 48.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,082 shares of the semiconductor company's stock after purchasing an additional 8,185 shares during the period. CRA Financial Services LLC's holdings in Marvell Technology were worth $1,941,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in MRVL. S.A. Mason LLC bought a new position in Marvell Technology in the 2nd quarter worth approximately $58,000. U.S. Capital Wealth Advisors LLC lifted its holdings in shares of Marvell Technology by 10.6% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 23,117 shares of the semiconductor company's stock worth $1,789,000 after acquiring an additional 2,217 shares during the last quarter. LCM Capital Management Inc purchased a new position in shares of Marvell Technology in the 2nd quarter worth about $245,000. Whitener Capital Management Inc. purchased a new position in shares of Marvell Technology during the 2nd quarter valued at about $217,000. Finally, Bouvel Investment Partners LLC raised its holdings in shares of Marvell Technology by 3.8% during the 2nd quarter. Bouvel Investment Partners LLC now owns 72,628 shares of the semiconductor company's stock valued at $5,621,000 after buying an additional 2,689 shares in the last quarter. Institutional investors own 83.51% of the company's stock.

Analyst Upgrades and Downgrades

MRVL has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft dropped their target price on Marvell Technology from $100.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Wells Fargo & Company lowered their price objective on shares of Marvell Technology from $95.00 to $90.00 and set an "overweight" rating for the company in a report on Friday, August 29th. UBS Group lowered 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. Piper Sandler restated an "overweight" rating and issued a $85.00 price objective (down from $95.00) on shares of Marvell Technology in a report on Friday, May 30th. Finally, Oppenheimer restated an "outperform" rating and issued a $95.00 price objective 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 assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $90.50.

Marvell Technology Trading Up 1.7%

NASDAQ MRVL traded up $1.27 during trading on Monday, hitting $75.53. The company had a trading volume of 20,022,609 shares, compared to its average volume of 25,466,242. 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, Inc. has a one year low of $47.08 and a one year high of $127.48. The company has a market cap of $65.11 billion, a price-to-earnings ratio of -581.00, a price-to-earnings-growth ratio of 0.90 and a beta of 1.85. The company's fifty day moving average is $72.51 and its 200-day moving average is $67.25.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, hitting 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 business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period in the prior year, the business earned $0.30 EPS. The company's revenue for the quarter 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, sell-side analysts predict that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Dividend Announcement

The firm 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 $0.06 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. Marvell Technology's dividend payout ratio is currently -184.62%.

Insider Buying and Selling at Marvell Technology

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 value of $217,050.00. Following the sale, the executive vice president directly owned 17,163 shares of the company's stock, valued at $1,241,743.05. This represents a 14.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.33% of the stock is owned by corporate insiders.

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.