Marvell Technology, Inc. $MRVL Shares Bought by IFM Investors Pty Ltd

Key Points

• IFM Investors Pty Ltd increased its stake in Marvell Technology by 5.4%, owning 174,828 shares valued at approximately $13.5 million as of the latest SEC filing.
• Marvell Technology reported $2.01 billion in revenue for the last quarter, with earnings meeting expectations at $0.67 EPS, up significantly from $0.30 EPS in the same quarter last year.
• The company has declared a quarterly dividend of $0.06 per share, leading to an annualized dividend of $0.24 and a yield of 0.3%, despite a notably high dividend payout ratio.

IFM Investors Pty Ltd raised its stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 5.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 174,828 shares of the semiconductor company's stock after acquiring an additional 8,979 shares during the quarter. IFM Investors Pty Ltd's holdings in Marvell Technology were worth $13,532,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Nuveen LLC bought a new position in Marvell Technology during the 1st quarter worth approximately $399,587,000. Goldman Sachs Group Inc. boosted its stake in Marvell Technology by 32.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company's stock worth $1,272,117,000 after acquiring an additional 5,050,159 shares during the last quarter. Impax Asset Management Group plc boosted its stake in 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 worth $227,033,000 after acquiring an additional 3,264,557 shares during the last quarter. AQR Capital Management LLC boosted its stake in Marvell Technology by 662.9% during the 1st quarter. AQR Capital Management LLC now owns 3,119,855 shares of the semiconductor company's stock worth $187,566,000 after acquiring an additional 2,710,894 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Marvell Technology by 8,128.6% in the first quarter. Assenagon Asset Management S.A. now owns 2,460,851 shares of the semiconductor company's stock valued at $151,515,000 after buying an additional 2,430,945 shares in the last quarter. Institutional investors and hedge funds own 83.51% of the company's stock.

Insider Activity

In related news, EVP Mark Casper sold 3,000 shares of the firm's stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $72.35, for a total transaction of $217,050.00. Following the sale, the executive vice president directly owned 17,163 shares of the company's stock, valued at $1,241,743.05. This trade represents a 14.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.33% of the stock is currently owned by insiders.

Marvell Technology Stock Performance

Shares of Marvell Technology stock traded up $0.05 during trading on Tuesday, hitting $75.58. 5,721,764 shares of the company's stock traded hands, compared to its average volume of 19,180,137. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48. The stock has a market capitalization of $65.16 billion, a P/E ratio of -581.85, a PEG ratio of 0.90 and a beta of 1.85. The business has a 50-day simple moving average of $72.51 and a 200-day simple moving average of $67.25.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its 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 positive return on equity of 11.01% and a negative net margin of 1.43%.The business had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $2.01 billion. During the same period last year, the firm posted $0.30 earnings per share. 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, analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Friday, October 10th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, October 10th. Marvell Technology's dividend payout ratio is currently -184.62%.

Analysts Set New Price Targets

MRVL has been the topic of a number of recent analyst reports. Barclays reissued an "overweight" rating and set a $80.00 price target on shares of Marvell Technology in a research report on Friday, August 29th. Jefferies Financial Group reduced their price target on shares of Marvell Technology from $90.00 to $80.00 and set a "buy" rating on the stock in a research note on Friday, August 29th. Zacks Research lowered shares of Marvell Technology from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 26th. Morgan Stanley reduced their price objective on shares of Marvell Technology from $80.00 to $76.00 and set an "equal weight" rating for the company in a research report on Friday, August 29th. Finally, KeyCorp reduced their price target on shares of Marvell Technology from $115.00 to $90.00 and set an "overweight" rating for the company in a research report on Friday, May 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $90.50.

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.