Marvell Technology, Inc. $MRVL Position Raised by Ieq Capital LLC

Key Points

• Ieq Capital LLC significantly increased its stake in Marvell Technology by 256.1% in the first quarter, now holding shares worth $12.84 million.
• Marvell Technology reported Q1 earnings of $0.62 per share, exceeding estimates and showing a 63.3% increase in revenue year-over-year.
• Analysts have mixed views on Marvell Technology stocks, with a consensus target price of $94.70, reflecting a strong buy from one analyst and varied ratings from others.

Ieq Capital LLC boosted its stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 256.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 208,567 shares of the semiconductor company's stock after purchasing an additional 150,002 shares during the period. Ieq Capital LLC's holdings in Marvell Technology were worth $12,841,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MRVL. Nuveen Asset Management LLC increased its holdings in Marvell Technology by 232.2% in the 4th quarter. Nuveen Asset Management LLC now owns 9,360,425 shares of the semiconductor company's stock valued at $1,033,859,000 after purchasing an additional 6,543,132 shares in the last quarter. Nuveen LLC acquired a new stake in Marvell Technology in the 1st quarter valued at $399,587,000. Goldman Sachs Group Inc. increased its holdings in Marvell Technology by 32.3% in 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 purchasing an additional 5,050,159 shares in the last quarter. Impax Asset Management Group plc increased its holdings in 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 valued at $227,033,000 after purchasing an additional 3,264,557 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in 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 valued at $151,515,000 after purchasing an additional 2,430,945 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Marvell Technology

In other news, CAO Panteha Dixon sold 1,283 shares of Marvell Technology stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $68.50, for a total transaction of $87,885.50. Following the sale, the chief accounting officer owned 29,572 shares of the company's stock, valued at approximately $2,025,682. The trade was a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Willem A. Meintjes sold 1,500 shares of Marvell Technology stock in a transaction that occurred on Monday, June 16th. The shares were 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 approximately $8,314,764.96. This trade represents a 1.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,783 shares of company stock worth $407,716 over the last ninety days. Company insiders own 0.19% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on MRVL. Raymond James Financial reiterated an "outperform" rating and issued a $90.00 price target (down from $110.00) on shares of Marvell Technology in a report on Friday, May 30th. Oppenheimer restated an "outperform" rating and set a $95.00 target price on shares of Marvell Technology in a research note on Friday. Loop Capital lowered their target price on Marvell Technology from $110.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, May 30th. Evercore ISI lowered their target price on Marvell Technology from $133.00 to $122.00 and set an "outperform" rating for the company in a research note on Friday. Finally, Morgan Stanley lowered their target price on Marvell Technology from $80.00 to $76.00 and set an "equal weight" rating for the company in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $90.50.

Marvell Technology Stock Down 18.6%

NASDAQ:MRVL traded down $14.36 during mid-day trading on Friday, reaching $62.87. The stock had a trading volume of 96,548,218 shares, compared to its average volume of 14,810,202. The company has a market capitalization of $54.31 billion, a price-to-earnings ratio of -483.62, a price-to-earnings-growth ratio of 0.68 and a beta of 1.83. Marvell Technology, Inc. has a 1-year low of $47.08 and a 1-year high of $127.48. The stock's 50 day simple moving average is $74.69 and its two-hundred day simple moving average is $70.52. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.30 and a quick ratio of 0.94.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, hitting analysts' consensus estimates of $0.67. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. Marvell Technology had a positive return on equity of 11.02% and a negative net margin of 1.43%.The company's revenue for the quarter was up 57.6% compared to the same quarter last year. During the same period last year, the firm earned $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Equities analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Dividend Announcement

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

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.