Marvell Technology, Inc. $MRVL Shares Sold by LaFleur & Godfrey LLC

Key Points

• LaFleur & Godfrey LLC reduced its stake in Marvell Technology, Inc. by 49.8%, selling nearly 9,000 shares, bringing its total ownership to 8,981 shares valued at approximately $695,000.
• Marvell Technology reported its quarterly earnings, achieving $0.67 EPS, which aligns with analysts' forecasts, while its revenue surged 57.6% year-over-year to $2.01 billion.
• The company has declared a quarterly dividend of $0.06, with a record date of October 10th, reflecting a modest annual yield of 0.3%.

LaFleur & Godfrey LLC reduced its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 49.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 8,981 shares of the semiconductor company's stock after selling 8,910 shares during the period. LaFleur & Godfrey LLC's holdings in Marvell Technology were worth $695,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of the business. Hughes Financial Services LLC purchased a new stake in Marvell Technology in the first quarter worth $26,000. Rossby Financial LCC bought a new stake in Marvell Technology during the first quarter worth approximately $27,000. Financial Connections Group Inc. grew its holdings in Marvell Technology by 776.0% during the 1st quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company's stock worth $27,000 after acquiring an additional 388 shares in the last quarter. Vision Financial Markets LLC acquired a new stake in shares of Marvell Technology during the first quarter worth about $28,000. Finally, Security National Bank purchased a new position in shares of Marvell Technology in the first quarter valued at approximately $31,000. Institutional investors and hedge funds own 83.51% of the company's stock.

Marvell Technology Price Performance

Shares of NASDAQ:MRVL traded up $1.27 during trading on Monday, reaching $75.53. The stock had a trading volume of 20,022,609 shares, compared to its average volume of 25,466,242. Marvell Technology, Inc. has a 1-year low of $47.08 and a 1-year high of $127.48. 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 business has a fifty day moving average price of $72.51 and a 200-day moving average price of $67.25. The stock has a market cap of $65.11 billion, a PE ratio of -581.00, a PEG 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 earnings per share (EPS) for the quarter, hitting 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 firm had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same period in the prior year, the company posted $0.30 earnings per share. The firm's revenue for the quarter 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, equities analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

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

Insider Transactions at Marvell Technology

In other Marvell Technology news, EVP Mark Casper sold 3,000 shares of Marvell Technology 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 sale, the executive vice president owned 17,163 shares in the company, valued at $1,241,743.05. The trade was a 14.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MRVL. Benchmark reaffirmed a "buy" rating and issued a $95.00 target price on shares of Marvell Technology in a report on Friday, August 29th. Wells Fargo & Company dropped their price objective on shares of Marvell Technology from $95.00 to $90.00 and set an "overweight" rating on the stock in a report on Friday, August 29th. Evercore ISI decreased their price target on shares of Marvell Technology from $133.00 to $122.00 and set an "outperform" rating for the company in a report on Friday, August 29th. KeyCorp dropped their target price on Marvell Technology from $115.00 to $90.00 and set an "overweight" rating for the company in a report on Friday, May 30th. Finally, Rosenblatt Securities cut their price target on shares of Marvell Technology from $124.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $90.50.

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.