Marvell Technology, Inc. $MRVL Holdings Lowered by APG Asset Management N.V.

Key Points

• APG Asset Management N.V. reduced its stake in Marvell Technology by 2.9%, now holding 502,646 shares worth approximately $28.65 million.
• Multiple institutional investors, including Vanguard and Goldman Sachs, increased their holdings, with Vanguard now owning 63.77 million shares valued at about $3.93 billion.
• Analysts' ratings for Marvell Technology are generally positive, with one "Strong Buy," twenty-two "Buy," and an average price target of $94.70, indicating continued investor confidence.

APG Asset Management N.V. reduced its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 2.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 502,646 shares of the semiconductor company's stock after selling 15,187 shares during the quarter. APG Asset Management N.V. owned about 0.06% of Marvell Technology worth $28,650,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MRVL. Nuveen Asset Management LLC grew its stake in Marvell Technology by 232.2% during the 4th quarter. Nuveen Asset Management LLC now owns 9,360,425 shares of the semiconductor company's stock worth $1,033,859,000 after buying an additional 6,543,132 shares during the last quarter. Nuveen LLC bought a new position in Marvell Technology during the 1st quarter worth $399,587,000. Goldman Sachs Group Inc. grew 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 buying an additional 5,050,159 shares during the last quarter. Impax Asset Management Group plc grew 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 buying an additional 3,264,557 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in Marvell Technology by 8,128.6% during 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 buying an additional 2,430,945 shares during the last quarter. 83.51% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Mark Casper sold 3,000 shares of the company's stock in a transaction 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 $1,241,743.05. This represents a 14.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Panteha Dixon sold 1,283 shares of the company's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $68.50, for a total value of $87,885.50. Following 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.

Analyst Ratings Changes

MRVL has been the subject of a number of analyst reports. Wall Street Zen lowered Marvell Technology from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. Wells Fargo & Company reduced their price target 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. China Renaissance initiated coverage on Marvell Technology in a research report on Thursday, June 5th. They set a "buy" rating and a $110.00 price target for the company. Evercore ISI reduced their price target on Marvell Technology from $135.00 to $133.00 and set an "outperform" rating for the company in a research report on Friday, May 30th. Finally, Cantor Fitzgerald boosted their price target on Marvell Technology from $60.00 to $75.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $94.70.

Marvell Technology Price Performance

Shares of Marvell Technology stock traded down $0.05 during trading on Monday, hitting $72.95. The stock had a trading volume of 10,035,562 shares, compared to its average volume of 16,276,032. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.30 and a quick ratio of 0.94. The firm has a market cap of $63.02 billion, a P/E ratio of -127.98, a PEG ratio of 0.79 and a beta of 1.83. The business has a fifty day moving average of $74.78 and a two-hundred day moving average of $71.28. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week high of $127.48.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The semiconductor company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.88 billion. Marvell Technology had a positive return on equity of 8.42% and a negative net margin of 7.56%.The company's revenue was up 63.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 earnings per share. Marvell Technology has set its Q2 2026 guidance at 0.620-0.720 EPS. On average, sell-side analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal 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 0.3%. The ex-dividend date of this dividend was Friday, July 11th. Marvell Technology's dividend payout ratio is currently -42.11%.

Marvell Technology Company 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.