FORA Capital LLC Purchases 173,274 Shares of Marvell Technology, Inc. $MRVL

Key Points

• FORA Capital LLC increased its stake in Marvell Technology, Inc. by 231.7% during the first quarter, acquiring an additional 173,274 shares, making it one of the company's top holdings.
• Marvell Technology reported a revenue of $1.90 billion for the most recent quarter, surpassing analysts' expectations of $1.88 billion, and its earnings per share (EPS) was $0.62, slightly above the consensus estimate.
• The company announced a quarterly dividend of $0.06 per share, which represents an annualized yield of 0.3% despite having a negative payout ratio.

FORA Capital LLC grew its holdings in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 231.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 248,051 shares of the semiconductor company's stock after purchasing an additional 173,274 shares during the period. Marvell Technology comprises 1.5% of FORA Capital LLC's portfolio, making the stock its 5th largest holding. FORA Capital LLC's holdings in Marvell Technology were worth $15,272,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in MRVL. Capital Analysts LLC lifted its position in Marvell Technology by 236.3% in the 4th quarter. Capital Analysts LLC now owns 343 shares of the semiconductor company's stock worth $38,000 after buying an additional 241 shares in the last quarter. Chelsea Counsel Co. acquired a new position in shares of Marvell Technology in the fourth quarter worth $44,000. Bernard Wealth Management Corp. purchased a new stake in shares of Marvell Technology during the fourth quarter worth $45,000. Hughes Financial Services LLC acquired a new stake in Marvell Technology during the first quarter valued at $26,000. Finally, Johnson Financial Group Inc. boosted its position in Marvell Technology by 125.0% during the fourth quarter. Johnson Financial Group Inc. now owns 423 shares of the semiconductor company's stock valued at $48,000 after purchasing an additional 235 shares during the last quarter. 83.51% of the stock is owned by hedge funds and other institutional investors.

Marvell Technology Stock Performance

Shares of NASDAQ MRVL traded down $14.36 during trading hours on Friday, hitting $62.87. 96,192,946 shares of the stock were exchanged, compared to its average volume of 18,749,137. Marvell Technology, Inc. has a one year low of $47.08 and a one year high of $127.48. The company's 50 day moving average is $74.90 and its 200 day moving average is $71.08. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.30 and a quick ratio of 0.94. The firm has a market capitalization of $54.31 billion, a P/E ratio of -110.30, a P/E/G ratio of 0.81 and a beta of 1.83.

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, hitting the consensus estimate of $0.67. Marvell Technology had a negative net margin of 7.56% and a positive return on equity of 8.42%. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the firm posted $0.30 EPS. The business'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. On average, research analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Friday, July 11th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, July 11th. This represents a $0.24 dividend on an annualized basis and a yield of 0.4%. Marvell Technology's payout ratio is -42.11%.

Insider Activity

In related 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Willem A. Meintjes sold 1,500 shares of Marvell Technology stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $68.52, for a total value of $102,780.00. Following the sale, the chief financial officer directly owned 121,348 shares in the company, valued at $8,314,764.96. The trade was a 1.22% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,783 shares of company stock valued at $407,716. Insiders own 0.19% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MRVL shares. Needham & Company LLC cut their price target on Marvell Technology from $85.00 to $80.00 and set a "buy" rating for the company in a research note on Friday. Deutsche Bank Aktiengesellschaft dropped their price objective on Marvell Technology from $100.00 to $85.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Oppenheimer reiterated an "outperform" rating and issued a $95.00 target price on shares of Marvell Technology in a research note on Friday. China Renaissance assumed coverage on shares of Marvell Technology in a research report on Thursday, June 5th. They issued a "buy" rating and a $110.00 target price for the company. Finally, Morgan Stanley cut their price target on shares of Marvell Technology from $80.00 to $76.00 and set an "equal weight" rating on the stock in a report on Friday. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Marvell Technology has a consensus rating of "Moderate Buy" and a consensus target price of $90.65.

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.