Marvell Technology, Inc. $MRVL Holdings Increased by Jump Financial LLC

Key Points

• Jump Financial LLC significantly increased its stake in Marvell Technology by 10,332.9% during the first quarter, owning a total of 591,963 shares valued at approximately $36.4 million.
• Analysts have recently adjusted their price targets for Marvell Technology, with Deutsche Bank lowering its target from $100 to $85 while maintaining a "buy" rating.
• Marvell Technology reported $1.90 billion in revenue for the last quarter, which exceeded analysts' expectations, alongside earnings per share of $0.62, up from $0.24 a year earlier.

Jump Financial LLC grew its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 10,332.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 591,963 shares of the semiconductor company's stock after buying an additional 586,289 shares during the quarter. Marvell Technology comprises 0.5% of Jump Financial LLC's holdings, making the stock its 12th biggest position. Jump Financial LLC owned about 0.07% of Marvell Technology worth $36,447,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MRVL. Bank Pictet & Cie Europe AG raised its holdings in shares of 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 in the last quarter. Coppell Advisory Solutions LLC raised its holdings in shares of Marvell Technology by 300.0% in the 4th quarter. Coppell Advisory Solutions LLC now owns 684 shares of the semiconductor company's stock worth $76,000 after purchasing an additional 513 shares in the last quarter. Integrated Wealth Concepts LLC raised its holdings in shares of Marvell Technology by 2.4% in the 4th quarter. Integrated Wealth Concepts LLC now owns 10,165 shares of the semiconductor company's stock worth $1,123,000 after purchasing an additional 234 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new stake in shares of Marvell Technology in the 4th quarter worth approximately $677,000. Finally, Monolith Management Ltd bought a new stake in shares of Marvell Technology in the 4th quarter worth approximately $9,388,000. 83.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Marvell Technology from $100.00 to $85.00 and set a "buy" rating on the stock in a report on Friday, May 30th. TD Cowen boosted their price target on shares of Marvell Technology from $60.00 to $70.00 and gave the company a "buy" rating in a report on Friday, May 30th. Wall Street Zen lowered shares of Marvell Technology from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Rosenblatt Securities restated a "buy" rating and set a $124.00 price target on shares of Marvell Technology in a report on Wednesday, June 18th. Finally, The Goldman Sachs Group assumed coverage on shares of Marvell Technology in a report on Thursday, July 10th. They set a "neutral" rating and a $75.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $94.70.

Marvell Technology Price Performance

MRVL opened at $73.00 on Friday. The stock has a fifty day moving average price of $74.72 and a 200 day moving average price of $72.18. The company has a current ratio of 1.30, a quick ratio of 0.94 and a debt-to-equity ratio of 0.22. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48. The stock has a market cap of $63.06 billion, a price-to-earnings ratio of -128.07, a PEG ratio of 0.77 and a beta of 1.83.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The semiconductor company reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.01. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.88 billion. Marvell Technology had a positive return on equity of 8.42% and a negative net margin of 7.56%.The business's quarterly revenue was up 63.3% on a year-over-year basis. During the same period last year, the business earned $0.24 EPS. Marvell Technology has set its Q2 2026 guidance at 0.620-0.720 EPS. Analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The firm also recently disclosed 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 of this dividend was Friday, July 11th. Marvell Technology's payout ratio is presently -42.11%.

Insider Buying and Selling

In other news, CFO Willem A. Meintjes sold 1,500 shares of the company'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 sale, the chief financial officer owned 121,348 shares in the company, valued at approximately $8,314,764.96. This represents a 1.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mark Casper sold 3,000 shares of the 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 transaction, the executive vice president directly owned 17,163 shares in the company, valued at approximately $1,241,743.05. This represents a 14.88% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,783 shares of company stock worth $407,716. Corporate insiders own 0.19% of the company's stock.

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.

Want to see what other hedge funds are holding MRVL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marvell Technology, Inc. (NASDAQ:MRVL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.