Crake Asset Management LLP Purchases New Position in Marvell Technology, Inc. $MRVL

Key Points

• Crake Asset Management LLP made a substantial investment of $24.16 million in Marvell Technology, acquiring 392,446 shares, which now constitutes 1.9% of its total holdings.
• Marvell Technology reported a quarterly earnings per share of $0.67, matching analyst expectations, with revenue rising by 57.6% year-over-year to $2.01 billion.
• An insider, EVP Mark Casper, sold 3,000 shares of Marvell stock, indicating notable insider activity amid recent changes in analyst ratings and target prices.

Crake Asset Management LLP acquired a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 392,446 shares of the semiconductor company's stock, valued at approximately $24,163,000. Marvell Technology accounts for 1.9% of Crake Asset Management LLP's investment portfolio, making the stock its 13th largest holding.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MRVL. Hughes Financial Services LLC bought a new position in Marvell Technology in the first quarter worth approximately $26,000. Rossby Financial LCC bought a new stake in Marvell Technology during the 1st quarter valued at $27,000. Financial Connections Group Inc. raised its position in Marvell Technology by 776.0% during the 1st quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company's stock valued at $27,000 after purchasing an additional 388 shares in the last quarter. Vision Financial Markets LLC bought a new stake in Marvell Technology during the 1st quarter valued at $28,000. Finally, Security National Bank bought a new stake in Marvell Technology during the 1st quarter valued at $31,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Marvell Technology Stock Performance

Shares of NASDAQ MRVL traded up $1.66 during trading on Monday, reaching $64.99. 12,840,885 shares of the company traded hands, compared to its average volume of 19,060,176. The firm's fifty day simple moving average is $73.45 and its 200 day simple moving average is $68.73. The stock has a market cap of $56.03 billion, a P/E ratio of -499.48, a PEG ratio of 0.77 and a beta of 1.85. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $127.48. 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 released its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, meeting analysts' consensus estimates of $0.67. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The company's revenue was up 57.6% on a year-over-year basis. During the same quarter last year, the business posted $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, 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. Shareholders of record on Friday, July 11th were paid a dividend of $0.06 per share. The ex-dividend date was Friday, July 11th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.4%. Marvell Technology's dividend payout ratio (DPR) is presently -184.62%.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, EVP Mark Casper sold 3,000 shares of Marvell Technology stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $72.35, for a total transaction of $217,050.00. Following the completion of the transaction, the executive vice president owned 17,163 shares in the company, valued at approximately $1,241,743.05. This trade represents a 14.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Panteha Dixon sold 1,283 shares of Marvell Technology 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 completion of the transaction, the chief accounting officer owned 29,572 shares of the company's stock, valued at approximately $2,025,682. This represents a 4.16% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,783 shares of company stock worth $407,716. Insiders own 0.33% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on MRVL. Benchmark reaffirmed a "buy" rating and set a $95.00 target price on shares of Marvell Technology in a research report on Friday, August 29th. China Renaissance initiated coverage on Marvell Technology in a research report on Thursday, June 5th. They issued a "buy" rating and a $110.00 price objective for the company. Rosenblatt Securities lowered their price objective on Marvell Technology from $124.00 to $95.00 and set a "buy" rating for the company in a research report on Friday, August 29th. Wells Fargo & Company lowered their price objective on Marvell Technology from $95.00 to $90.00 and set an "overweight" rating for the company in a research report on Friday, August 29th. Finally, BNP Paribas raised Marvell Technology to a "strong-buy" rating in a research report on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Marvell Technology presently has an average rating of "Moderate Buy" and an average price target of $90.50.

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.