Marvell Technology, Inc. $MRVL Shares Bought by Amundi

Key Points

• Amundi Investment increased its stake in Marvell Technology by 23.5%, owning over 4 million shares valued at approximately $249 million as of its latest SEC filing.
• Wall Street analysts have given Marvell Technology a consensus rating of "Moderate Buy", with a price target range that varies from $67 to $120, reflecting mixed outlooks from different research firms.
• In recent transactions, corporate insiders, including EVP Mark Casper and CFO Willem A. Meintjes, sold shares totaling over $300,000, indicating some profit-taking amidst significant stock activity.

Amundi lifted its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 23.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,052,041 shares of the semiconductor company's stock after acquiring an additional 770,687 shares during the period. Amundi owned 0.47% of Marvell Technology worth $249,484,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in MRVL. Bank Pictet & Cie Europe AG boosted its stake in Marvell Technology by 0.7% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 66,710 shares of the semiconductor company's stock valued at $7,368,000 after acquiring an additional 460 shares during the period. Aptus Capital Advisors LLC acquired a new stake in Marvell Technology during the 4th quarter worth $366,000. Benjamin Edwards Inc. lifted its stake in Marvell Technology by 53.0% in the 4th quarter. Benjamin Edwards Inc. now owns 6,882 shares of the semiconductor company's stock valued at $761,000 after purchasing an additional 2,383 shares during the last quarter. Cary Street Partners Financial LLC acquired a new position in Marvell Technology during the fourth quarter valued at approximately $253,000. Finally, Cetera Investment Advisers grew its stake in shares of Marvell Technology by 2.9% in the fourth quarter. Cetera Investment Advisers now owns 213,260 shares of the semiconductor company's stock worth $23,555,000 after purchasing an additional 6,072 shares during the last quarter. 83.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Marvell Technology

In other news, EVP Mark Casper sold 3,000 shares of the company's 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Willem A. Meintjes sold 1,500 shares of the firm's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $68.52, for a total value of $102,780.00. Following the sale, the chief financial officer directly owned 121,348 shares of the company's stock, 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 valued at $407,716. 0.33% of the stock is currently owned by corporate insiders.

Marvell Technology Trading Up 3.8%

NASDAQ:MRVL traded up $2.38 during mid-day trading on Monday, hitting $65.71. The company had a trading volume of 17,897,666 shares, compared to its average volume of 19,086,713. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.88. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week high of $127.48. The business's fifty day moving average is $73.45 and its two-hundred day moving average is $68.73. The firm has a market cap of $56.65 billion, a P/E ratio of -507.20, a P/E/G ratio of 0.77 and a beta of 1.85.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.67. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The firm's quarterly revenue was up 57.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, research 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 announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Friday, July 11th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, July 11th. This represents a $0.24 dividend on an annualized basis and a yield of 0.4%. Marvell Technology's dividend payout ratio (DPR) is -184.62%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on MRVL shares. KeyCorp lowered their price target on Marvell Technology from $115.00 to $90.00 and set an "overweight" rating on the stock in a report on Friday, May 30th. Susquehanna decreased their price target 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. B. Riley restated a "buy" rating and issued a $115.00 target price (up previously from $110.00) on shares of Marvell Technology in a research report on Wednesday, June 18th. Redburn Atlantic began coverage on Marvell Technology in a report on Wednesday, May 28th. They issued a "neutral" rating and a $67.00 price target for the company. Finally, BNP Paribas raised Marvell Technology to a "strong-buy" rating in a research note on Friday, August 29th. Two 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 company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.