Kovitz Investment Group Partners LLC Has $638,000 Stake in Marvell Technology, Inc. $MRVL

Key Points

• Kovitz Investment Group Partners LLC has increased its stake in Marvell Technology, Inc. by 69.1%, now owning 10,359 shares valued at $638,000.
• Institutional investors currently hold 83.51% of Marvell Technology's stock, indicating strong confidence from large financial entities.
• Marvell recently announced a quarterly dividend of $0.06 per share, reflecting a 0.3% yield and a negative payout ratio of -42.11%.

Kovitz Investment Group Partners LLC grew its stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 69.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,359 shares of the semiconductor company's stock after purchasing an additional 4,234 shares during the period. Kovitz Investment Group Partners LLC's holdings in Marvell Technology were worth $638,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of MRVL. Bank Pictet & Cie Europe AG grew its position in Marvell Technology by 0.7% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 66,710 shares of the semiconductor company's stock worth $7,368,000 after purchasing an additional 460 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Marvell Technology by 9,910.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,001 shares of the semiconductor company's stock worth $111,000 after acquiring an additional 991 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Marvell Technology by 16.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,080,921 shares of the semiconductor company's stock worth $782,089,000 after acquiring an additional 1,018,839 shares during the period. Pinebridge Investments L.P. lifted its holdings in shares of Marvell Technology by 26.3% during the 4th quarter. Pinebridge Investments L.P. now owns 143,306 shares of the semiconductor company's stock worth $15,828,000 after acquiring an additional 29,819 shares during the period. Finally, Totem Point Management LLC bought a new position in shares of Marvell Technology during the 4th quarter worth about $6,412,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 value 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 approximately $1,241,743.05. The trade was a 14.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Willem A. Meintjes sold 1,500 shares of the business's stock in a transaction dated 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 transaction, the chief financial officer directly owned 121,348 shares of the company's stock, valued at approximately $8,314,764.96. This represents a 1.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, 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 analysts have recently commented on MRVL shares. China Renaissance started coverage on shares of Marvell Technology in a report on Thursday, June 5th. They set a "buy" rating and a $110.00 price objective for the company. KeyCorp reduced their price objective on shares of Marvell Technology from $115.00 to $90.00 and set an "overweight" rating for the company in a report on Friday, May 30th. Needham & Company LLC downgraded shares of Marvell Technology from a "buy" rating to a "cautious" rating in a report on Wednesday, July 16th. Benchmark reaffirmed a "buy" rating and set a $95.00 price objective on shares of Marvell Technology in a report on Wednesday, June 18th. Finally, Morgan Stanley reaffirmed an "equal weight" rating on shares of Marvell Technology in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $94.70.

Marvell Technology Trading Down 1.2%

Shares of MRVL stock opened at $71.22 on Thursday. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $127.48. The company has a market capitalization of $61.52 billion, a P/E ratio of -124.95, a P/E/G ratio of 0.78 and a beta of 1.83. The firm has a 50-day moving average price of $74.58 and a 200 day moving average price of $72.73. The company has a quick ratio of 0.94, a current ratio of 1.30 and a debt-to-equity ratio of 0.22.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $1.88 billion. During the same period last year, the firm posted $0.24 EPS. The firm's quarterly 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. Research analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal 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. The ex-dividend date of this dividend was Friday, July 11th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. Marvell Technology's payout ratio is currently -42.11%.

Marvell Technology 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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