Marvell Technology, Inc. $MRVL Shares Acquired by Sciencast Management LP

Key Points

• Sciencast Management LP increased its stake in Marvell Technology by 191.7%, now owning 50,546 shares worth approximately $3.1 million.
• Multiple institutional investors have established new positions in Marvell Technology, contributing to a total institutional ownership of 83.51%.
• Research analysts have mixed ratings on Marvell Technology, with price targets ranging from $60.00 to $90.00, reflecting a consensus rating of "Moderate Buy."

Sciencast Management LP boosted its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 191.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,546 shares of the semiconductor company's stock after purchasing an additional 33,218 shares during the quarter. Sciencast Management LP's holdings in Marvell Technology were worth $3,112,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Chelsea Counsel Co. acquired a new position in Marvell Technology during the 4th quarter worth $44,000. Bernard Wealth Management Corp. acquired a new position in Marvell Technology during the 4th quarter worth $45,000. Hughes Financial Services LLC acquired a new position in Marvell Technology during the 1st quarter worth $26,000. Financial Connections Group Inc. boosted its position 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 during the period. Finally, Rossby Financial LCC acquired a new position in Marvell Technology during the 1st quarter worth $27,000. Institutional investors and hedge funds own 83.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on MRVL shares. Piper Sandler reiterated an "overweight" rating and set a $85.00 price target (down previously from $95.00) on shares of Marvell Technology in a research report on Friday, May 30th. Barclays restated an "overweight" rating and issued a $80.00 price objective on shares of Marvell Technology in a report on Friday, August 29th. Wells Fargo & Company cut their price objective on Marvell Technology from $95.00 to $90.00 and set an "overweight" rating for the company in a report on Friday, August 29th. TD Cowen upped their price objective on Marvell Technology from $60.00 to $70.00 and gave the company a "buy" rating in a report on Friday, May 30th. Finally, Cantor Fitzgerald restated a "neutral" rating and issued a $75.00 price objective on shares of Marvell Technology in a report on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $90.50.

Marvell Technology Trading Down 1.2%

Shares of NASDAQ MRVL opened at $63.33 on Monday. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month high of $127.48. The company has a market cap of $54.60 billion, a price-to-earnings ratio of -487.15, a P/E/G ratio of 0.77 and a beta of 1.85. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. The business has a fifty day simple moving average of $73.45 and a 200-day simple moving average of $68.73.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its 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 positive return on equity of 11.01% and a negative net margin of 1.43%.The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the prior year, the business posted $0.30 earnings per share. Marvell Technology's revenue was up 57.6% compared to the same quarter last year. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Sell-side analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Friday, July 11th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, July 11th. Marvell Technology's dividend payout ratio is currently -184.62%.

Insider Activity

In related news, EVP Mark Casper sold 3,000 shares of the stock in a transaction dated Friday, July 18th. The stock was 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 directly owned 17,163 shares of the company's stock, valued at approximately $1,241,743.05. This represents a 14.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Panteha Dixon sold 1,283 shares of the stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $68.50, for a total value of $87,885.50. Following the completion of the sale, the chief accounting officer directly owned 29,572 shares of the company's stock, valued at approximately $2,025,682. This represents a 4.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,783 shares of company stock valued at $407,716 over the last three months. Insiders own 0.33% of the company's stock.

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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