Financiere des Professionnels Fonds d investissement inc. Buys Shares of 25,519 Marvell Technology, Inc. $MRVL

Key Points

• Financiere des Professionnels Fonds d investissement inc. acquired 25,519 shares of Marvell Technology, Inc., valued at approximately $1,975,000, as part of its second quarter investments.
• Institutional investors hold 83.51% of Marvell Technology's stock, with significant stake increases seen from companies like Nuveen LLC and Goldman Sachs Group Inc. in the first quarter.
• Marvell Technology's quarterly revenue increased by 57.6% year-over-year, reporting $2.01 billion in revenue and an EPS of $0.67, consistent with analysts' expectations.

Financiere des Professionnels Fonds d investissement inc. purchased a new stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 25,519 shares of the semiconductor company's stock, valued at approximately $1,975,000.

Other institutional investors have also modified their holdings of the company. Nuveen LLC acquired a new stake in Marvell Technology in the 1st quarter worth approximately $399,587,000. Goldman Sachs Group Inc. lifted its stake in 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 valued at $1,272,117,000 after acquiring an additional 5,050,159 shares during the period. Impax Asset Management Group plc lifted its stake in Marvell Technology by 748.3% during the 1st quarter. Impax Asset Management Group plc now owns 3,700,841 shares of the semiconductor company's stock valued at $227,033,000 after acquiring an additional 3,264,557 shares during the period. AQR Capital Management LLC lifted its stake in Marvell Technology by 662.9% during the 1st quarter. AQR Capital Management LLC now owns 3,119,855 shares of the semiconductor company's stock valued at $187,566,000 after acquiring an additional 2,710,894 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in Marvell Technology by 8,128.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,460,851 shares of the semiconductor company's stock valued at $151,515,000 after acquiring an additional 2,430,945 shares during the period. 83.51% of the stock is currently owned by institutional investors.

Marvell Technology Trading Up 2.1%

Shares of MRVL opened at $68.86 on Wednesday. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $127.48. The firm has a 50-day moving average price of $72.42 and a 200 day moving average price of $67.57. The firm has a market capitalization of $59.36 billion, a P/E ratio of -529.69, a P/E/G ratio of 0.81 and a beta of 1.85.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (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 firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the prior year, the firm posted $0.30 earnings per share. Marvell Technology's quarterly revenue was up 57.6% on a year-over-year basis. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Sell-side analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Analysts Set New Price Targets

Several analysts have commented on MRVL shares. Needham & Company LLC decreased their price objective on shares of Marvell Technology from $85.00 to $80.00 and set a "buy" rating for the company in a research note on Friday, August 29th. The Goldman Sachs Group started coverage on shares of Marvell Technology in a research note on Thursday, July 10th. They set a "neutral" rating and a $75.00 price objective for the company. Evercore ISI decreased their price objective on shares of Marvell Technology from $133.00 to $122.00 and set an "outperform" rating for the company in a research note on Friday, August 29th. Jefferies Financial Group decreased their price objective on shares of Marvell Technology from $90.00 to $80.00 and set a "buy" rating for the company in a research note on Friday, August 29th. Finally, KeyCorp decreased their price objective on shares of Marvell Technology from $115.00 to $90.00 and set an "overweight" rating for the company in a research note 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 given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Marvell Technology currently has a consensus rating of "Moderate Buy" and an average target price of $90.50.

Insider Activity

In related news, EVP Mark Casper sold 3,000 shares of the company's stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $72.35, for a total value of $217,050.00. Following the completion of the sale, the executive vice president owned 17,163 shares of the company's stock, valued at approximately $1,241,743.05. This represents a 14.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.33% of the company's stock.

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.

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