Marvell Technology, Inc. $MRVL Shares Sold by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management cut its Marvell Technology stake by 2.6%, selling 36,538 shares and retaining 1.36 million shares valued at approximately $403.7 million. Institutional investors and hedge funds collectively own 83.51% of the company.
• Marvell reported quarterly revenue of $2.42 billion, up 27.6% year over year, while earnings of $0.80 per share matched estimates. Management guided to next-quarter EPS of $0.88 to $0.98, supported by AI infrastructure and communications demand.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $245.45. However, the stock’s high valuation and recent insider selling—including transactions by the CFO and COO—represent notable risks.

Assenagon Asset Management S.A. reduced its position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 2.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,355,085 shares of the semiconductor company's stock after selling 36,538 shares during the quarter. Marvell Technology makes up about 0.5% of Assenagon Asset Management S.A.'s investment portfolio, making the stock its 28th biggest holding. Assenagon Asset Management S.A. owned approximately 0.15% of Marvell Technology worth $403,666,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Intech Investment Management LLC lifted its position in Marvell Technology by 3.9% in the 1st quarter. Intech Investment Management LLC now owns 28,784 shares of the semiconductor company's stock valued at $1,772,000 after purchasing an additional 1,085 shares during the last quarter. Baird Financial Group Inc. boosted its stake in Marvell Technology by 22.7% during the 2nd quarter. Baird Financial Group Inc. now owns 17,417 shares of the semiconductor company's stock valued at $1,348,000 after purchasing an additional 3,221 shares during the period. Flow Traders U.S. LLC bought a new position in Marvell Technology in the 2nd quarter worth about $354,000. Treasurer of the State of North Carolina grew its position in Marvell Technology by 3.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 403,818 shares of the semiconductor company's stock worth $31,256,000 after purchasing an additional 11,572 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Marvell Technology by 1.0% in the second quarter. Alliancebernstein L.P. now owns 411,569 shares of the semiconductor company's stock valued at $31,855,000 after purchasing an additional 4,060 shares during the period. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Marvell Technology Stock Performance

Shares of NASDAQ MRVL opened at $210.54 on Friday. Marvell Technology, Inc. has a 1 year low of $61.44 and a 1 year high of $329.88. The firm has a market cap of $184.18 billion, a P/E ratio of 72.10, a PEG ratio of 1.32 and a beta of 2.24. The stock has a fifty day moving average price of $243.51 and a two-hundred day moving average price of $160.54. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.66 and a current ratio of 3.28.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $0.80 EPS for the quarter, hitting analysts' consensus estimates of $0.80. Marvell Technology had a return on equity of 13.83% and a net margin of 28.99%.The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the previous year, the business earned $0.62 EPS. The company's quarterly revenue was up 27.6% compared to the same quarter last year. Marvell Technology has set its Q2 2027 guidance at 0.880-0.980 EPS. Research analysts forecast that Marvell Technology, Inc. will post 3.07 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Friday, July 10th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Friday, July 10th. Marvell Technology's dividend payout ratio is presently 8.22%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Evercore reaffirmed an "outperform" rating and set a $155.00 price target on shares of Marvell Technology in a report on Tuesday, May 19th. Royal Bank Of Canada restated an "outperform" rating and issued a $360.00 target price on shares of Marvell Technology in a research report on Tuesday, July 7th. Compass Point set a $190.00 target price on Marvell Technology in a research note on Tuesday, May 26th. Weiss Ratings reiterated a "hold (c)" rating on shares of Marvell Technology in a research report on Wednesday, June 24th. Finally, Scotiabank began coverage on Marvell Technology in a research note on Tuesday, May 26th. They issued an "outperform" rating for the company. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $245.45.

More Marvell Technology News

Here are the key news stories impacting Marvell Technology this week:

• Positive Sentiment: Marvell’s new AI memory infrastructure portfolio is strengthening its positioning in data-center systems. The strategy is intended to improve server efficiency and capitalize on rising demand for high-bandwidth memory and AI networking. Why Marvell Is Up After Launching Its New AI Memory Infrastructure Portfolio
• Positive Sentiment: Recent quarterly results showed revenue of approximately $2.42 billion, up 27.6% year over year, while adjusted earnings of $0.80 per share met expectations. Management’s next-quarter earnings guidance of $0.88 to $0.98 per share also points to continued momentum. AI-related demand and a recovery in communications revenue are key growth drivers.
• Positive Sentiment: Analysts remain broadly constructive, with reported price targets generally above the recent trading level; one data set cited a median target of $250 and several targets between $300 and $385. Investors are treating Marvell as a high-beta alternative to NVIDIA and Broadcom in the AI infrastructure market. High Beta Runners Up: Why AMD and Marvell Technology Now Command Attention
• Neutral Sentiment: Communications revenue increased 29% year over year to $585 million as customer inventories normalized, but investors are monitoring whether the recovery can become broad-based and offset potential margin pressure. Can MRVL’s Communications Recovery Drive Broad-Based Growth?
• Negative Sentiment: Marvell trades at a demanding valuation, making the stock vulnerable to profit-taking after its recent rally. Social-media commentary also highlighted elevated expectations and a sharp prior pullback despite solid AI growth. Marvell Technology Stock Opinions on Recent Earnings and AI Sector Trends
• Negative Sentiment: Insider activity is a cautionary signal: the cited six-month data showed 21 insider sales and no purchases. Proposed restrictions on Chinese AI components could also raise supply-chain costs or delay deployments, even if Marvell ultimately benefits from greater demand for Western networking components.

Insider Activity at Marvell Technology

In other news, CFO Daniel Durn sold 2,250 shares of Marvell Technology stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $281.01, for a total value of $632,272.50. Following the transaction, the chief financial officer owned 6,902 shares of the company's stock, valued at $1,939,531.02. The trade was a 24.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Chris Koopmans sold 10,000 shares of the business's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $180.50, for a total transaction of $1,805,000.00. Following the completion of the sale, the chief operating officer owned 227,941 shares in the company, valued at $41,143,350.50. The trade was a 4.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 45,981 shares of company stock worth $10,012,942. Company insiders own 0.12% of the company's stock.

About Marvell Technology

Marvell Technology Group is a global semiconductor company that designs and develops integrated circuits and related software for data infrastructure, networking, storage and connectivity markets. The company's product portfolio includes system-on-chip (SoC) solutions, Ethernet physical-layer transceivers (PHYs), switch and switch silicon, optical interconnect components, storage controllers, and security processors. Marvell's technology is used to enable high-performance data centers, carrier networks, enterprise and cloud storage, as well as connectivity in automotive and industrial applications.

Founded in 1995 and headquartered in Santa Clara, California, Marvell has grown through both organic development and strategic acquisitions to broaden its capabilities across networking and data interconnect.

Want to see what other hedge funds are holding MRVL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marvell Technology, Inc. (NASDAQ:MRVL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source