Groupe la Francaise Acquires Shares of 25,090 Marvell Technology, Inc. $MRVL

Key Points

• Groupe la Francaise acquired 25,090 shares of Marvell Technology, valued at approximately $1,627,000, marking a significant new investment in the semiconductor sector.
• Marvell Technology reported a quarterly earnings of $0.62 per share, exceeding analysts' estimates, and noted a 63.3% increase in year-over-year revenue.
• The company's stock has a current market price of $73.00, with analysts giving it an average target price of $94.70 and a "Moderate Buy" rating.

Groupe la Francaise bought a new position in 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. The institutional investor bought 25,090 shares of the semiconductor company's stock, valued at approximately $1,627,000.

A number of other institutional investors also recently modified their holdings of MRVL. Capital Analysts LLC increased its stake in shares of Marvell Technology by 236.3% in the fourth quarter. Capital Analysts LLC now owns 343 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 241 shares during the last quarter. Chelsea Counsel Co. purchased a new position in Marvell Technology in the fourth quarter valued at about $44,000. Bernard Wealth Management Corp. acquired a new position in Marvell Technology in the 4th quarter worth about $45,000. Hughes Financial Services LLC purchased a new stake in shares of Marvell Technology during the 1st quarter worth about $26,000. Finally, Johnson Financial Group Inc. raised its stake in shares of Marvell Technology by 125.0% during the 4th quarter. Johnson Financial Group Inc. now owns 423 shares of the semiconductor company's stock worth $48,000 after purchasing an additional 235 shares in the last quarter. Institutional investors and hedge funds own 83.51% of the company's stock.

Marvell Technology Price Performance

NASDAQ MRVL opened at $73.00 on Monday. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48. The company has a fifty day simple moving average of $74.72 and a 200 day simple moving average of $71.54. The company has a current ratio of 1.30, a quick ratio of 0.94 and a debt-to-equity ratio of 0.22. The company has a market cap of $63.06 billion, a P/E ratio of -128.07, a P/E/G ratio of 0.79 and a beta of 1.83.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its earnings results on Thursday, May 29th. The semiconductor company reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.01. Marvell Technology had a negative net margin of 7.56% and a positive return on equity of 8.42%. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the previous year, the business earned $0.24 EPS. The business's revenue was up 63.3% on a year-over-year basis. Marvell Technology has set its Q2 2026 guidance at 0.620-0.720 EPS. On average, sell-side analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Friday, July 11th were paid a dividend of $0.06 per share. The ex-dividend date was Friday, July 11th. This represents a $0.24 annualized dividend and a yield of 0.3%. Marvell Technology's dividend payout ratio is presently -42.11%.

Insider Buying and Selling at Marvell Technology

In other news, CAO Panteha Dixon sold 1,283 shares of the 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 completion of the sale, the chief accounting officer directly owned 29,572 shares of the company's stock, valued at approximately $2,025,682. This represents a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Willem A. Meintjes sold 1,500 shares of the firm's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $68.52, for a total transaction of $102,780.00. Following the completion of the sale, the chief financial officer owned 121,348 shares in the company, valued at approximately $8,314,764.96. The trade was a 1.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,783 shares of company stock valued at $407,716 in the last 90 days. 0.19% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on MRVL shares. Morgan Stanley reissued an "equal weight" rating on shares of Marvell Technology in a research note on Friday, August 8th. Melius downgraded shares of Marvell Technology from a "buy" rating to a "hold" rating and set a $66.00 target price for the company. in a research report on Thursday, May 22nd. China Renaissance assumed coverage on shares of Marvell Technology in a research note on Thursday, June 5th. They set a "buy" rating and a $110.00 price target on the stock. UBS Group restated a "buy" rating on shares of Marvell Technology in a report on Monday, June 2nd. Finally, TD Cowen upped their price objective on shares of Marvell Technology from $60.00 to $70.00 and gave the stock a "buy" rating in a report on Friday, May 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $94.70.

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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