Marvell Technology, Inc. $MRVL Shares Sold by 1832 Asset Management L.P.

Key Points

• 1832 Asset Management L.P. reduced its stake in Marvell Technology by 96.8%, selling 1,679,935 shares and leaving it with 55,000 shares valued at approximately $3.39 million.
• Vanguard Group Inc. and Goldman Sachs Group Inc. have increased their holdings in Marvell Technology by 1.9% and 32.3% respectively during the same quarter, indicating strong institutional interest in the stock.
• Marvell Technology reported EPS of $0.62 for the last quarter, surpassing estimates, and had a year-over-year revenue increase of 63.3%.

1832 Asset Management L.P. lessened its stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 96.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 55,000 shares of the semiconductor company's stock after selling 1,679,935 shares during the quarter. 1832 Asset Management L.P.'s holdings in Marvell Technology were worth $3,386,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Marvell Technology by 1.9% in the first quarter. Vanguard Group Inc. now owns 63,770,122 shares of the semiconductor company's stock worth $3,926,326,000 after acquiring an additional 1,212,338 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of 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 purchasing an additional 5,050,159 shares in the last quarter. Brown Advisory Inc. lifted its position in shares of Marvell Technology by 2.2% during the 1st quarter. Brown Advisory Inc. now owns 19,300,527 shares of the semiconductor company's stock worth $1,188,333,000 after purchasing an additional 423,892 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Marvell Technology by 6.9% during the 4th quarter. Janus Henderson Group PLC now owns 13,239,154 shares of the semiconductor company's stock worth $1,462,274,000 after purchasing an additional 857,087 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its stake in shares of 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 worth $1,033,859,000 after purchasing an additional 6,543,132 shares in the last quarter. 83.51% of the stock is owned by institutional investors and hedge funds.

Marvell Technology Price Performance

MRVL stock opened at $73.00 on Monday. The company has a current ratio of 1.30, a quick ratio of 0.94 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $63.06 billion, a P/E ratio of -128.07, a PEG ratio of 0.79 and a beta of 1.83. The business has a 50 day simple moving average of $74.72 and a 200-day simple moving average of $71.54. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve month high of $127.48.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The semiconductor company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.88 billion. Marvell Technology had a negative net margin of 7.56% and a positive return on equity of 8.42%. Marvell Technology's revenue for the quarter was up 63.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 EPS. Marvell Technology has set its Q2 2026 guidance at 0.620-0.720 EPS. As a group, equities analysts anticipate 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 was paid on Thursday, July 31st. Stockholders of record on Friday, July 11th were paid a dividend of $0.06 per share. The ex-dividend date was Friday, July 11th. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. Marvell Technology's dividend payout ratio is -42.11%.

Insider Buying and Selling

In other Marvell Technology news, EVP Mark Casper sold 3,000 shares of the stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $72.35, for a total transaction 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 trade represents a 14.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Willem A. Meintjes sold 1,500 shares of Marvell Technology stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $68.52, for a total value of $102,780.00. Following the completion of the transaction, the chief financial officer owned 121,348 shares in the company, valued at $8,314,764.96. This trade represents a 1.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,783 shares of company stock valued at $407,716 over the last quarter. 0.19% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on MRVL. Wells Fargo & Company lowered their price objective on Marvell Technology from $120.00 to $95.00 and set an "overweight" rating for the company in a research report on Friday, May 30th. Benchmark restated a "buy" rating and set a $95.00 target price on shares of Marvell Technology in a research note on Wednesday, June 18th. B. Riley reiterated a "buy" rating and issued a $115.00 price target (up from $110.00) on shares of Marvell Technology in a research note on Wednesday, June 18th. Wall Street Zen cut shares of Marvell Technology from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Finally, Evercore ISI lowered their target price on shares of Marvell Technology from $135.00 to $133.00 and set an "outperform" rating for the company in a report on Friday, May 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $94.70.

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.

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