Fifth Third Bancorp Has $53.98 Million Holdings in Marvell Technology, Inc. $MRVL

Key Points

• Fifth Third Bancorp increased its holdings in Marvell Technology by 2.8% in Q2, owning approximately $54 million worth of the semiconductor company's stock.
• Marvell Technology's stock performance showed a significant 57.6% year-over-year increase in revenue, with quarterly earnings of $0.67 EPS meeting consensus estimates.
• The company has declared a $0.06 per share quarterly dividend, which reflects an annual yield of 0.3%, with the ex-dividend date set for October 10th.

Fifth Third Bancorp lifted its holdings in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 2.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 697,439 shares of the semiconductor company's stock after acquiring an additional 18,711 shares during the period. Fifth Third Bancorp owned approximately 0.08% of Marvell Technology worth $53,982,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of MRVL. Bank Pictet & Cie Europe AG lifted its position in Marvell Technology by 0.7% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 66,710 shares of the semiconductor company's stock worth $7,368,000 after purchasing an additional 460 shares during the period. Toronto Dominion Bank lifted its position in Marvell Technology by 18.4% during the fourth quarter. Toronto Dominion Bank now owns 147,803 shares of the semiconductor company's stock worth $16,325,000 after purchasing an additional 22,937 shares during the period. Integrated Advisors Network LLC lifted its position in Marvell Technology by 100.8% during the fourth quarter. Integrated Advisors Network LLC now owns 8,149 shares of the semiconductor company's stock worth $900,000 after purchasing an additional 4,090 shares during the period. Heck Capital Advisors LLC bought a new stake in Marvell Technology during the fourth quarter worth about $147,000. Finally, Bernard Wealth Management Corp. bought a new stake in Marvell Technology during the fourth quarter worth about $45,000. Institutional investors own 83.51% of the company's stock.

Marvell Technology Stock Performance

Shares of MRVL stock opened at $74.62 on Wednesday. The company has a market cap of $64.33 billion, a price-to-earnings ratio of -574.00, a price-to-earnings-growth ratio of 0.91 and a beta of 1.85. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $127.48. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. The firm has a 50 day moving average of $72.55 and a 200-day moving average of $67.30.

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

Marvell Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Friday, October 10th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, October 10th. Marvell Technology's payout ratio is -184.62%.

Insider Buying and Selling

In other Marvell Technology news, 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 transaction of $217,050.00. Following the completion of the sale, the executive vice president owned 17,163 shares in the company, valued at approximately $1,241,743.05. The trade was a 14.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Marvell Technology from $100.00 to $85.00 and set a "buy" rating for the company in a report on Friday, May 30th. Cantor Fitzgerald reissued a "neutral" rating and issued a $75.00 target price on shares of Marvell Technology in a report on Friday, August 29th. Oppenheimer reissued an "outperform" rating and issued a $95.00 target price on shares of Marvell Technology in a report on Friday, August 29th. BNP Paribas raised shares of Marvell Technology to a "strong-buy" rating in a report on Friday, August 29th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Marvell Technology from $130.00 to $120.00 and set an "overweight" rating for the company in a report on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Marvell Technology presently has a consensus rating of "Moderate Buy" and a consensus price target of $90.50.

Marvell Technology 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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