Lansforsakringar Fondforvaltning AB publ Reduces Stock Position in Marvell Technology, Inc. $MRVL

Key Points

• Lansforsakringar Fondforvaltning AB publ has reduced its stake in Marvell Technology, Inc. by 16.4%, selling 75,006 shares in the first quarter, bringing its holdings to 381,548 shares valued at approximately $23.49 million.
• Institutional interest in Marvell Technology persists, with various investors increasing their stakes, including Ieq Capital LLC, which boosted its position by 256.1% during the same period.
• Marvell Technology's stock has received mixed ratings from analysts, with target prices ranging from $66.00 to $110.00, reflecting a consensus average target price of $94.70.

Lansforsakringar Fondforvaltning AB publ lowered its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 16.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 381,548 shares of the semiconductor company's stock after selling 75,006 shares during the period. Lansforsakringar Fondforvaltning AB publ's holdings in Marvell Technology were worth $23,492,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Next Century Growth Investors LLC purchased a new stake in Marvell Technology during the 1st quarter valued at $1,401,000. Oarsman Capital Inc. boosted its position in Marvell Technology by 15.4% during the 1st quarter. Oarsman Capital Inc. now owns 6,913 shares of the semiconductor company's stock valued at $426,000 after buying an additional 921 shares during the period. Truvestments Capital LLC boosted its position in Marvell Technology by 16.6% during the 1st quarter. Truvestments Capital LLC now owns 19,729 shares of the semiconductor company's stock valued at $1,215,000 after buying an additional 2,804 shares during the period. CreativeOne Wealth LLC boosted its position in Marvell Technology by 8.5% during the 1st quarter. CreativeOne Wealth LLC now owns 8,920 shares of the semiconductor company's stock valued at $549,000 after buying an additional 698 shares during the period. Finally, Ieq Capital LLC boosted its position in Marvell Technology by 256.1% during the 1st quarter. Ieq Capital LLC now owns 208,567 shares of the semiconductor company's stock valued at $12,841,000 after buying an additional 150,002 shares during the period. Hedge funds and other institutional investors own 83.51% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Susquehanna dropped their target price on shares of Marvell Technology from $110.00 to $90.00 and set a "positive" rating for the company in a research report on Tuesday, May 27th. Benchmark reaffirmed a "buy" rating and set a $95.00 target price on shares of Marvell Technology in a research note on Wednesday, June 18th. The Goldman Sachs Group initiated coverage on Marvell Technology in a report on Thursday, July 10th. They set a "neutral" rating and a $75.00 target price on the stock. China Renaissance initiated coverage on Marvell Technology in a report on Thursday, June 5th. They set a "buy" rating and a $110.00 target price on the stock. Finally, Melius downgraded Marvell Technology from a "buy" rating to a "hold" rating and set a $66.00 target price on the stock. in a report on Thursday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Marvell Technology has an average rating of "Moderate Buy" and a consensus target price of $94.70.

Marvell Technology Stock Up 3.3%

Shares of Marvell Technology stock opened at $77.23 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.30 and a quick ratio of 0.94. The company has a 50-day moving average of $74.90 and a 200 day moving average of $71.08. The firm has a market cap of $66.71 billion, a price-to-earnings ratio of -135.49, a PEG ratio of 0.81 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.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued 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. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. Marvell Technology had a negative net margin of 7.56% and a positive return on equity of 8.42%. Marvell Technology's quarterly revenue was up 57.6% compared to the same quarter last year. During the same period last year, the business earned $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, sell-side analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

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

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, CAO Panteha Dixon sold 1,283 shares of the firm's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $68.50, for a total transaction of $87,885.50. Following the completion of the sale, the chief accounting officer directly owned 29,572 shares in the company, valued at approximately $2,025,682. This trade represents a 4.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark Casper sold 3,000 shares of the firm'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 sale, the executive vice president owned 17,163 shares of the company's stock, valued at approximately $1,241,743.05. This represents a 14.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,783 shares of company stock worth $407,716. 0.19% of the stock is owned by corporate 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.

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