Credit Agricole S A Increases Stock Position in Marvell Technology, Inc. $MRVL

Key Points

• Credit Agricole S A increased its holdings in Marvell Technology, Inc. by 27.7%, resulting in ownership of 585,947 shares valued at approximately $36 million.
• Several other institutional investors have also recently adjusted their stakes in Marvell, with 83.51% of the company's stock owned by hedge funds and institutional investors.
• Analyst ratings for Marvell Technology are mixed, with a consensus target price of $94.70, indicating varied expectations for the stock's future performance.

Credit Agricole S A raised its holdings in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 27.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 585,947 shares of the semiconductor company's stock after purchasing an additional 127,169 shares during the quarter. Credit Agricole S A owned 0.07% of Marvell Technology worth $36,077,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Coldstream Capital Management Inc. boosted its holdings in Marvell Technology by 1.0% in the 4th quarter. Coldstream Capital Management Inc. now owns 11,344 shares of the semiconductor company's stock valued at $1,253,000 after purchasing an additional 116 shares in the last quarter. Virtue Capital Management LLC boosted its holdings in Marvell Technology by 2.1% in the 4th quarter. Virtue Capital Management LLC now owns 7,752 shares of the semiconductor company's stock valued at $856,000 after purchasing an additional 163 shares in the last quarter. Kolinsky Wealth Management LLC boosted its holdings in Marvell Technology by 3.3% in the 4th quarter. Kolinsky Wealth Management LLC now owns 5,628 shares of the semiconductor company's stock valued at $622,000 after purchasing an additional 181 shares in the last quarter. Alta Advisers Ltd boosted its holdings in Marvell Technology by 7.3% in the 4th quarter. Alta Advisers Ltd now owns 2,898 shares of the semiconductor company's stock valued at $320,000 after purchasing an additional 198 shares in the last quarter. Finally, Denali Advisors LLC boosted its holdings in Marvell Technology by 2.3% in the 1st quarter. Denali Advisors LLC now owns 8,713 shares of the semiconductor company's stock valued at $536,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 83.51% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on MRVL. UBS Group reaffirmed a "buy" rating on shares of Marvell Technology in a report on Monday, June 2nd. China Renaissance started coverage on Marvell Technology in a research note on Thursday, June 5th. They set a "buy" rating and a $110.00 price target on the stock. Wall Street Zen lowered Marvell Technology from a "buy" rating to a "hold" rating in a research note on Sunday. Piper Sandler reissued an "overweight" rating and set a $85.00 price target (down previously from $95.00) on shares of Marvell Technology in a research note on Friday, May 30th. Finally, Melius lowered Marvell Technology from a "buy" rating to a "hold" rating and set a $66.00 price target on the stock. in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $94.70.

Marvell Technology Price Performance

MRVL stock opened at $72.07 on Wednesday. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.94 and a current ratio of 1.30. The stock's 50 day moving average price is $74.52 and its 200 day moving average price is $72.74. The firm has a market cap of $62.26 billion, a P/E ratio of -126.44, a PEG ratio of 0.83 and a beta of 1.83.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its earnings results on Thursday, May 29th. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the prior year, the company earned $0.24 EPS. Marvell Technology's revenue was up 63.3% on a year-over-year basis. Marvell Technology has set its Q2 2026 guidance at 0.620-0.720 EPS. On average, sell-side analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Friday, July 11th were paid a $0.06 dividend. 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 is presently -42.11%.

Insider Activity at Marvell Technology

In related news, CAO Panteha Dixon sold 1,283 shares of the company's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $68.50, for a total value of $87,885.50. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 completion of the transaction, the executive vice president owned 17,163 shares of the company's stock, valued at $1,241,743.05. This trade represents a 14.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,783 shares of company stock valued at $407,716. 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.

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