Dynamic Technology Lab Private Ltd Takes Position in Marvell Technology, Inc. $MRVL

Key Points

• Dynamic Technology Lab Private Ltd acquired 8,138 shares of Marvell Technology, Inc. valued at approximately $501,000 during the first quarter, highlighting increasing institutional interest in the company.
• Marvell Technology reported earnings of $0.67 per share for the last quarter, meeting analysts' expectations, with revenue rising 57.6% year-over-year to $2.01 billion.
• The company announced a quarterly dividend of $0.06, with a dividend yield of 0.4%, despite a negative payout ratio of -184.62%.

Dynamic Technology Lab Private Ltd acquired a new stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,138 shares of the semiconductor company's stock, valued at approximately $501,000.

Several other hedge funds also recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Marvell Technology in the fourth quarter worth about $234,000. Dynamic Advisor Solutions LLC lifted its position in Marvell Technology by 5.0% in the first quarter. Dynamic Advisor Solutions LLC now owns 4,313 shares of the semiconductor company's stock worth $266,000 after purchasing an additional 206 shares during the period. Integrated Wealth Concepts LLC lifted its position in shares of Marvell Technology by 90.1% during the 1st quarter. Integrated Wealth Concepts LLC now owns 19,320 shares of the semiconductor company's stock valued at $1,190,000 after acquiring an additional 9,155 shares during the last quarter. Yousif Capital Management LLC increased its position in Marvell Technology by 8.4% during the first 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. Finally, Credit Agricole S A increased its position in Marvell Technology by 27.7% during the first quarter. Credit Agricole S A now owns 585,947 shares of the semiconductor company's stock worth $36,077,000 after buying an additional 127,169 shares during the last quarter. Hedge funds and other institutional investors own 83.51% of the company's stock.

Insider Transactions at Marvell Technology

In other Marvell Technology news, EVP Mark Casper sold 3,000 shares of the firm's stock in a transaction on Friday, July 18th. The stock was 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 in the company, valued at approximately $1,241,743.05. This trade represents a 14.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Panteha Dixon sold 1,283 shares of the business's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $68.50, for a total transaction of $87,885.50. Following the completion of the sale, the chief accounting officer owned 29,572 shares in the company, valued at approximately $2,025,682. This trade represents a 4.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,783 shares of company stock valued at $407,716. 0.19% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MRVL has been the subject of a number of analyst reports. Zacks Research lowered shares of Marvell Technology from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 26th. Needham & Company LLC cut their price target on shares of Marvell Technology from $85.00 to $80.00 and set a "buy" rating on the stock in a report on Friday, August 29th. Rosenblatt Securities decreased their price target on shares of Marvell Technology from $124.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, August 29th. Barclays restated an "overweight" rating and set a $80.00 price target on shares of Marvell Technology in a research note on Friday, August 29th. Finally, Melius Research lifted their price target on Marvell Technology from $67.00 to $76.00 and gave the company a "hold" rating in a research report on Wednesday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $90.50.

Marvell Technology Stock Performance

NASDAQ MRVL traded down $0.51 during mid-day trading on Thursday, reaching $66.59. 13,805,513 shares of the stock were exchanged, compared to its average volume of 22,583,890. The business's 50 day moving average is $72.72 and its 200-day moving average is $68.23. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48. The company has a market capitalization of $57.41 billion, a P/E ratio of 39.70, a P/E/G ratio of 0.81 and a beta of 1.85. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.88.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, hitting the consensus estimate of $0.67. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. Marvell Technology's revenue was up 57.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, equities research analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

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