DnB Asset Management AS Acquires 1,856,833 Shares of Marvell Technology, Inc. $MRVL

Key Points

• DnB Asset Management AS significantly increased its stake in Marvell Technology, acquiring an additional 1,856,833 shares, bringing its total ownership to approximately 2,015,860 shares valued at about $124.1 million.
• Insiders at Marvell Technology have sold a total of 5,783 shares valued at $407,716 in the last ninety days, indicating potential shifts in confidence among the company's executives.
• Marvell Technology has declared a quarterly dividend of $0.06, corresponding to an annualized yield of 0.4%, despite a substantial negative dividend payout ratio of -184.62%.

DnB Asset Management AS boosted its position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 1,167.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,015,860 shares of the semiconductor company's stock after acquiring an additional 1,856,833 shares during the period. DnB Asset Management AS owned 0.23% of Marvell Technology worth $124,116,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hughes Financial Services LLC bought a new stake in Marvell Technology during the first quarter worth $26,000. Rossby Financial LCC bought a new stake in Marvell Technology during the first quarter worth $27,000. Financial Connections Group Inc. grew its holdings in Marvell Technology by 776.0% during the first quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company's stock worth $27,000 after buying an additional 388 shares in the last quarter. Vision Financial Markets LLC bought a new stake in Marvell Technology during the first quarter worth $28,000. Finally, Security National Bank bought a new stake in Marvell Technology during the first quarter worth $31,000. Institutional investors own 83.51% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MRVL. Jefferies Financial Group decreased their price target on Marvell Technology from $90.00 to $80.00 and set a "buy" rating for the company in a report on Friday, August 29th. Deutsche Bank Aktiengesellschaft decreased 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. Barclays reaffirmed an "overweight" rating and set a $80.00 target price on shares of Marvell Technology in a research report on Friday, August 29th. Evercore ISI decreased their target price on Marvell Technology from $133.00 to $122.00 and set an "outperform" rating for the company in a research report on Friday, August 29th. Finally, The Goldman Sachs Group began coverage on Marvell Technology in a research report on Thursday, July 10th. They set a "neutral" rating and a $75.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $90.50.

Insider Buying and Selling at Marvell Technology

In other news, CFO Willem A. Meintjes sold 1,500 shares of the stock in a transaction on Monday, June 16th. The shares were sold at an average price of $68.52, for a total value of $102,780.00. Following the transaction, the chief financial officer owned 121,348 shares of the company's stock, valued at $8,314,764.96. This represents a 1.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Panteha Dixon sold 1,283 shares of the company's stock in a transaction dated Monday, June 16th. The stock was 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 $2,025,682. The trade was a 4.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,783 shares of company stock valued at $407,716 in the last three months. Company insiders own 0.19% of the company's stock.

Marvell Technology Stock Performance

Shares of NASDAQ MRVL traded down $0.77 during mid-day trading on Friday, hitting $63.33. The company had a trading volume of 25,742,906 shares, compared to its average volume of 20,477,784. The company has a market capitalization of $54.60 billion, a price-to-earnings ratio of -487.15, a P/E/G ratio of 0.77 and a beta of 1.85. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48. The company has a current ratio of 1.88, a quick ratio of 0.94 and a debt-to-equity ratio of 0.30. The stock's 50-day moving average price is $73.45 and its 200-day moving average price is $69.01.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its quarterly 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. The company had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2.01 billion. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The firm's quarterly revenue was up 57.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, sell-side analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Friday, July 11th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Friday, July 11th. Marvell Technology's dividend payout ratio (DPR) is presently -184.62%.

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.