Graham Capital Management L.P. Takes $4.62 Million Position in Marvell Technology, Inc. $MRVL

Key Points

• Graham Capital Management L.P. acquired a new stake in Marvell Technology, purchasing 74,975 shares valued at approximately $4.6 million.
• Several institutional investors increased their holdings in Marvell, contributing to a total of 83.51% institutional ownership of the company's stock.
• Marvell's quarterly earnings report showed a 57.6% increase in revenue year-over-year, aligning with market expectations by reporting $0.67 earnings per share.

Graham Capital Management L.P. bought a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 74,975 shares of the semiconductor company's stock, valued at approximately $4,616,000.

Several other large investors also recently bought and sold shares of MRVL. Nuveen Asset Management LLC boosted 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 valued at $1,033,859,000 after acquiring an additional 6,543,132 shares in the last quarter. Nuveen LLC purchased a new position in Marvell Technology during the first quarter worth about $399,587,000. Goldman Sachs Group Inc. raised its holdings in Marvell Technology by 32.3% during the first 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 in the last quarter. Impax Asset Management Group plc grew its holdings in shares of Marvell Technology by 748.3% in the 1st quarter. Impax Asset Management Group plc now owns 3,700,841 shares of the semiconductor company's stock worth $227,033,000 after acquiring an additional 3,264,557 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Marvell Technology by 8,128.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 2,460,851 shares of the semiconductor company's stock worth $151,515,000 after acquiring an additional 2,430,945 shares during the period. Institutional investors and hedge funds own 83.51% of the company's stock.

Marvell Technology Stock Down 3.5%

Marvell Technology stock traded down $2.29 during midday trading on Wednesday, hitting $62.31. 33,770,719 shares of the stock were exchanged, compared to its average volume of 19,007,113. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48. The firm has a market cap of $53.83 billion, a P/E ratio of -479.31, a P/E/G ratio of 0.68 and a beta of 1.85. 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 company has a 50 day moving average price of $74.32 and a two-hundred day moving average price of $69.95.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.67. The firm had revenue of $2.01 billion for 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 11.02%. The firm's quarterly revenue was up 57.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, sell-side analysts predict that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Friday, July 11th were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, July 11th. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. Marvell Technology's payout ratio is presently -184.62%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MRVL. Loop Capital lowered their price target on shares of Marvell Technology from $110.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Raymond James Financial restated an "outperform" rating and set a $90.00 target price (down previously from $110.00) on shares of Marvell Technology in a research report on Friday, May 30th. Bank of America restated a "neutral" rating and set a $78.00 target price (down previously from $90.00) on shares of Marvell Technology in a research report on Friday, August 29th. Barclays restated an "overweight" rating and set a $80.00 target price on shares of Marvell Technology in a research report on Friday, August 29th. Finally, Wells Fargo & Company decreased their target price on shares of Marvell Technology from $95.00 to $90.00 and set an "overweight" rating on the stock in a research report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Marvell Technology currently has an average rating of "Moderate Buy" and a consensus price target of $90.50.

Insider Activity at Marvell Technology

In related news, CAO Panteha Dixon sold 1,283 shares of the business's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $68.50, for a total transaction of $87,885.50. Following the completion of the sale, the chief accounting officer owned 29,572 shares of the company's stock, valued at $2,025,682. This represents a 4.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark Casper sold 3,000 shares of the business's stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $72.35, for a total transaction of $217,050.00. Following the sale, the executive vice president directly owned 17,163 shares of the company's stock, valued at approximately $1,241,743.05. This represents a 14.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,783 shares of company stock valued at $407,716 in the last quarter. 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.