Erste Asset Management GmbH Boosts Holdings in Marvell Technology, Inc. $MRVL

Key Points

• Erste Asset Management GmbH has increased its holdings in Marvell Technology by 24.3%, now owning 129,654 shares worth approximately $8.1 million.
• Marvell Technology recently reported a quarterly earnings of $0.62 EPS, surpassing analyst expectations, with a year-over-year revenue increase of 63.3%.
• The stock currently has a market capitalization of $61.52 billion and an average analyst rating of "Moderate Buy," with a consensus price target of $94.70.

Erste Asset Management GmbH lifted its stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 24.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 129,654 shares of the semiconductor company's stock after buying an additional 25,342 shares during the period. Erste Asset Management GmbH's holdings in Marvell Technology were worth $8,100,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Coldstream Capital Management Inc. grew its position in shares of 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 buying an additional 116 shares during the last quarter. Virtue Capital Management LLC boosted its stake in Marvell Technology by 2.1% during the 4th quarter. Virtue Capital Management LLC now owns 7,752 shares of the semiconductor company's stock worth $856,000 after purchasing an additional 163 shares during the period. Kolinsky Wealth Management LLC boosted its stake in Marvell Technology by 3.3% during the 4th quarter. Kolinsky Wealth Management LLC now owns 5,628 shares of the semiconductor company's stock worth $622,000 after purchasing an additional 181 shares during the period. Denali Advisors LLC boosted its stake in Marvell Technology by 2.3% during the 1st quarter. Denali Advisors LLC now owns 8,713 shares of the semiconductor company's stock worth $536,000 after purchasing an additional 200 shares during the period. Finally, Dynamic Advisor Solutions LLC boosted its stake in Marvell Technology by 5.0% during the 1st 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. 83.51% of the stock is owned by hedge funds and other institutional investors.

Marvell Technology Stock Down 1.2%

MRVL stock opened at $71.22 on Thursday. Marvell Technology, Inc. has a one year low of $47.08 and a one year high of $127.48. The stock has a market capitalization of $61.52 billion, a PE ratio of -124.95, a price-to-earnings-growth ratio of 0.78 and a beta of 1.83. 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 company has a fifty day moving average of $74.58 and a 200-day moving average of $72.73.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its earnings results on Thursday, May 29th. The semiconductor company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. Marvell Technology had a negative net margin of 7.56% and a positive return on equity of 8.42%. The company had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.88 billion. During the same quarter last year, the business earned $0.24 EPS. The business'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. As a group, analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Friday, July 11th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Friday, July 11th. Marvell Technology's dividend payout ratio (DPR) is currently -42.11%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MRVL shares. Needham & Company LLC cut shares of Marvell Technology from a "buy" rating to a "cautious" rating in a research note on Wednesday, July 16th. Melius cut shares of Marvell Technology from a "buy" rating to a "hold" rating and set a $66.00 price target for the company. in a research note on Thursday, May 22nd. TD Cowen increased their price target on shares of Marvell Technology from $60.00 to $70.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. China Renaissance started coverage on shares of Marvell Technology in a research note on Thursday, June 5th. They set a "buy" rating and a $110.00 price target for the company. Finally, Wells Fargo & Company decreased their price target on shares of Marvell Technology from $120.00 to $95.00 and set an "overweight" rating for the company in a research note on Friday, May 30th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Marvell Technology presently has an average rating of "Moderate Buy" and a consensus price target of $94.70.

Insider Activity

In other news, CAO Panteha Dixon sold 1,283 shares of the 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 in the company, valued at $2,025,682. This trade represents a 4.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Willem A. Meintjes sold 1,500 shares of the stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $68.52, for a total transaction of $102,780.00. Following the completion of 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 disclosure for this sale can be found here. Insiders sold 5,783 shares of company stock worth $407,716 in the last 90 days. 0.19% of the stock is currently 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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