Kingstone Capital Partners Texas LLC Invests $11.50 Million in Marvell Technology, Inc. $MRVL

Key Points

• Kingstone Capital Partners Texas LLC acquired 148,630 shares in Marvell Technology, valued at approximately $11.5 million, during the 2nd quarter.
• Marvell Technology reported a quarterly earnings per share of $0.67, matching analyst estimates, with a significant year-over-year revenue increase of 57.6%.
• The company will distribute a quarterly dividend of $0.06 per share on October 30th, despite a negative payout ratio of -184.62%.

Kingstone Capital Partners Texas LLC bought a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 148,630 shares of the semiconductor company's stock, valued at approximately $11,504,000.

A number of other hedge funds have also recently bought and sold shares of MRVL. Nuveen LLC acquired a new stake in Marvell Technology during the first quarter worth approximately $399,587,000. Goldman Sachs Group Inc. lifted its holdings in shares of 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 in the last quarter. Impax Asset Management Group plc lifted its holdings in shares of 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 in the last quarter. AQR Capital Management LLC lifted its holdings in shares of 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 in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of 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 in the last quarter. Institutional investors and hedge funds own 83.51% of the company's stock.

Marvell Technology Stock Performance

Shares of NASDAQ MRVL traded down $1.36 during midday trading on Tuesday, hitting $74.17. The company's stock had a trading volume of 11,075,198 shares, compared to its average volume of 19,205,998. Marvell Technology, Inc. has a 1-year low of $47.08 and a 1-year high of $127.48. The firm's fifty day moving average price is $72.51 and its 200-day moving average price is $67.25. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.88. The firm has a market cap of $63.94 billion, a P/E ratio of -571.75, a P/E/G ratio of 0.90 and a beta of 1.85.

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, meeting the consensus estimate of $0.67. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the business posted $0.30 EPS. The company'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, sell-side analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Friday, October 10th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, October 10th. Marvell Technology's payout ratio is presently -184.62%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on MRVL shares. Needham & Company LLC reduced their target price on shares of Marvell Technology from $85.00 to $80.00 and set a "buy" rating on the stock in a report on Friday, August 29th. Bank of America reaffirmed a "neutral" rating and set a $78.00 price target (down previously from $90.00) on shares of Marvell Technology in a research note on Friday, August 29th. Evercore ISI dropped their price target on shares of Marvell Technology from $133.00 to $122.00 and set an "outperform" rating on the stock in a research note on Friday, August 29th. BNP Paribas raised shares of Marvell Technology to a "strong-buy" rating in a research note on Friday, August 29th. Finally, Melius Research lifted their price target on shares of Marvell Technology from $67.00 to $76.00 and gave the stock a "hold" rating in a research note on Wednesday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $90.50.

Insider Transactions at Marvell Technology

In other Marvell Technology news, 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 completion of the transaction, the executive vice president directly owned 17,163 shares of the company's stock, valued at $1,241,743.05. The trade was a 14.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.33% of the stock is owned by insiders.

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.