Federation des caisses Desjardins du Quebec Raises Holdings in Marvell Technology, Inc. $MRVL

Key Points

• The Federation des caisses Desjardins du Quebec increased its stake in Marvell Technology by 8.9% during Q1, holding a total of 55,294 shares valued at approximately $3.4 million.
• Several institutional investors, including Nuveen Asset Management and Goldman Sachs, made significant purchases of Marvell Technology shares, with Nuveen's stake increasing by 232.2% in Q4.
• Marvell Technology reported $2.01 billion in revenue for the last quarter, matching analysts' expectations, and set Q3 2026 guidance for earnings per share between $0.690 and $0.790.

Federation des caisses Desjardins du Quebec raised its stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 8.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,294 shares of the semiconductor company's stock after purchasing an additional 4,514 shares during the period. Federation des caisses Desjardins du Quebec's holdings in Marvell Technology were worth $3,404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Nuveen Asset Management LLC lifted its stake in Marvell Technology by 232.2% in the fourth quarter. Nuveen Asset Management LLC now owns 9,360,425 shares of the semiconductor company's stock worth $1,033,859,000 after acquiring an additional 6,543,132 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Marvell Technology in the 1st quarter valued at $399,587,000. Goldman Sachs Group Inc. lifted its position in shares of Marvell Technology by 32.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company's stock worth $1,272,117,000 after purchasing an additional 5,050,159 shares during the last quarter. Impax Asset Management Group plc grew its stake in shares of Marvell Technology by 748.3% during the first quarter. Impax Asset Management Group plc now owns 3,700,841 shares of the semiconductor company's stock worth $227,033,000 after purchasing an additional 3,264,557 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Marvell Technology by 8,128.6% in the first quarter. Assenagon Asset Management S.A. now owns 2,460,851 shares of the semiconductor company's stock valued at $151,515,000 after buying an additional 2,430,945 shares during the last quarter. 83.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MRVL has been the subject of a number of recent analyst reports. Zacks Research downgraded Marvell Technology from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 26th. China Renaissance began coverage on Marvell Technology in a report on Thursday, June 5th. They issued a "buy" rating and a $110.00 price target for the company. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Marvell Technology from $100.00 to $85.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Redburn Atlantic assumed coverage on shares of Marvell Technology in a research report on Wednesday, May 28th. They set a "neutral" rating and a $67.00 price objective for the company. Finally, Piper Sandler restated an "overweight" rating and issued a $85.00 target price (down previously from $95.00) on shares of Marvell Technology in a report on Friday, May 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $90.50.

Marvell Technology Stock Down 1.2%

Shares of NASDAQ:MRVL opened at $63.33 on Friday. 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 0.30, a current ratio of 1.88 and a quick ratio of 0.94. The stock has a market cap of $54.60 billion, a P/E ratio of -487.15, a P/E/G ratio of 0.77 and a beta of 1.85. The firm has a fifty day moving average price of $73.45 and a 200 day moving average price of $69.30.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, meeting analysts' consensus estimates of $0.67. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The business had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same period in the prior year, the company earned $0.30 earnings per share. The business's revenue was up 57.6% compared to the same quarter last year. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Sell-side analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Friday, July 11th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis 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%.

Insider Buying and Selling at Marvell Technology

In other news, CAO Panteha Dixon sold 1,283 shares of the business'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 transaction, the chief accounting officer owned 29,572 shares of the company's stock, valued at approximately $2,025,682. The trade was a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Mark Casper sold 3,000 shares of the company's stock in a transaction that occurred 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 owned 17,163 shares of the company's stock, valued at $1,241,743.05. This trade represents a 14.88% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,783 shares of company stock worth $407,716. 0.19% of the stock is currently owned by 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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