Vident Advisory LLC Has $10.46 Million Stock Holdings in Marvell Technology, Inc. $MRVL

Key Points

• Vident Advisory LLC significantly increased its stake in Marvell Technology by 605.7% in Q1, owning 169,854 shares worth around $10.46 million.
• Wall Street analysts have mixed forecasts for Marvell, with a consensus rating of "Moderate Buy" and a target price averaging around $90.50.
• Marvell Technology's stock has decreased by 18.6%, with recent insider sales and changes in institutional holdings contributing to market fluctuations.

Vident Advisory LLC grew its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 605.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 169,854 shares of the semiconductor company's stock after purchasing an additional 145,784 shares during the quarter. Vident Advisory LLC's holdings in Marvell Technology were worth $10,458,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of MRVL. Nuveen Asset Management LLC boosted its stake in Marvell Technology by 232.2% during the fourth quarter. Nuveen Asset Management LLC now owns 9,360,425 shares of the semiconductor company's stock valued at $1,033,859,000 after buying an additional 6,543,132 shares in the last quarter. Nuveen LLC acquired a new stake in Marvell Technology in the 1st quarter valued at about $399,587,000. Goldman Sachs Group Inc. lifted its holdings in Marvell Technology by 32.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company's stock valued at $1,272,117,000 after acquiring an additional 5,050,159 shares during the last quarter. Impax Asset Management Group plc boosted its position in shares of Marvell Technology by 748.3% during the 1st quarter. Impax Asset Management Group plc now owns 3,700,841 shares of the semiconductor company's stock valued at $227,033,000 after purchasing an additional 3,264,557 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Marvell Technology by 8,128.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 2,460,851 shares of the semiconductor company's stock worth $151,515,000 after purchasing an additional 2,430,945 shares during the last quarter. Institutional investors own 83.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on MRVL shares. Raymond James Financial reiterated an "outperform" rating and issued a $90.00 target price (down from $110.00) on shares of Marvell Technology in a report on Friday, May 30th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Marvell Technology from $100.00 to $85.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Loop Capital cut their price objective on Marvell Technology from $110.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Wells Fargo & Company reduced their price objective on Marvell Technology from $95.00 to $90.00 and set an "overweight" rating for the company in a research note on Friday. Finally, KeyCorp decreased their target price on Marvell Technology from $115.00 to $90.00 and set an "overweight" rating on the stock in a report on Friday, May 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $90.50.

Insider Buying and Selling at Marvell Technology

In other news, CAO Panteha Dixon sold 1,283 shares of the firm's stock in a transaction dated Monday, June 16th. The stock was 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 of the company's stock, valued at $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 is available at this hyperlink. Also, CFO Willem A. Meintjes sold 1,500 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $68.52, for a total transaction of $102,780.00. Following the transaction, the chief financial officer owned 121,348 shares in the company, valued at approximately $8,314,764.96. This trade represents a 1.22% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,783 shares of company stock worth $407,716. 0.33% of the stock is currently owned by company insiders.

Marvell Technology Stock Down 18.6%

Shares of Marvell Technology stock traded down $14.36 during midday trading on Monday, hitting $62.87. The company's stock had a trading volume of 96,548,218 shares, compared to its average volume of 18,207,888. Marvell Technology, Inc. has a 1-year low of $47.08 and a 1-year high of $127.48. The company has a quick ratio of 0.94, a current ratio of 1.30 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $54.31 billion, a P/E ratio of -483.62, a PEG ratio of 0.68 and a beta of 1.85. The stock has a 50-day simple moving average of $74.69 and a 200-day simple moving average of $70.29.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its quarterly earnings data 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 positive return on equity of 11.02% and a negative net margin of 1.43%.The firm 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 earned $0.30 EPS. The business'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. As a group, sell-side analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Dividend Announcement

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

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.