Marvell Technology, Inc. $MRVL Shares Sold by Edmond DE Rothschild Holding S.A.

Key Points

• Edmond DE Rothschild Holding S.A. has significantly reduced its stake in Marvell Technology by 72.0%, selling 43,846 shares and leaving it with 17,022 shares valued at $1,048,000.
• Several analysts have downgraded their price targets for Marvell Technology, with Needham & Company lowering theirs from $85.00 to $80.00, reflecting concerns in the market.
• Marvell Technology announced a quarterly dividend of $0.06 per share, marking a dividend yield of 0.4%, although its payout ratio is notably negative at -184.62%.

Edmond DE Rothschild Holding S.A. cut its holdings in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 72.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,022 shares of the semiconductor company's stock after selling 43,846 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Marvell Technology were worth $1,048,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank Pictet & Cie Europe AG raised its stake in Marvell Technology by 0.7% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 66,710 shares of the semiconductor company's stock worth $7,368,000 after purchasing an additional 460 shares during the period. Aptus Capital Advisors LLC purchased a new position in Marvell Technology in the fourth quarter valued at about $366,000. Benjamin Edwards Inc. raised its position in Marvell Technology by 53.0% in the fourth 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 period. Cary Street Partners Financial LLC purchased a new position in Marvell Technology in the fourth quarter valued at about $253,000. Finally, Cetera Investment Advisers raised its position in Marvell Technology by 2.9% in the fourth quarter. Cetera Investment Advisers now owns 213,260 shares of the semiconductor company's stock valued at $23,555,000 after purchasing an additional 6,072 shares during the period. Hedge funds and other institutional investors own 83.51% of the company's stock.

Analysts Set New Price Targets

MRVL has been the topic of several research reports. Needham & Company LLC cut their price objective on Marvell Technology from $85.00 to $80.00 and set a "buy" rating on the stock in a research report on Friday, August 29th. Evercore ISI cut their price objective on Marvell Technology from $133.00 to $122.00 and set an "outperform" rating on the stock in a research report on Friday, August 29th. Susquehanna cut their price objective on Marvell Technology from $110.00 to $90.00 and set a "positive" rating on the stock in a research report on Tuesday, May 27th. KeyCorp lowered their price target on shares of Marvell Technology from $115.00 to $90.00 and set an "overweight" rating for the company in a report on Friday, May 30th. Finally, Zacks Research lowered shares of Marvell Technology from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Marvell Technology has an average rating of "Moderate Buy" and a consensus target price of $90.50.

Marvell Technology Price Performance

MRVL opened at $63.33 on Friday. The firm has a market cap of $54.60 billion, a price-to-earnings ratio of -487.15, a PEG ratio of 0.77 and a beta of 1.85. The company has a current ratio of 1.88, a quick ratio of 0.94 and a debt-to-equity ratio of 0.30. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve month high of $127.48. The company has a fifty day simple moving average of $73.45 and a 200 day simple moving average of $69.30.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, hitting the consensus estimate of $0.67. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 57.6% compared to the same quarter last year. During the same period last year, the business earned $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Equities research analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Friday, July 11th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, July 11th. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. Marvell Technology's payout ratio is -184.62%.

Insider Activity

In related news, CAO Panteha Dixon sold 1,283 shares of Marvell Technology stock in a transaction dated 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 in the company, valued at $2,025,682. This trade represents a 4.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mark Casper sold 3,000 shares of the business'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 owned 17,163 shares in the company, valued at $1,241,743.05. This trade represents a 14.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 5,783 shares of company stock valued at $407,716. Company insiders own 0.19% of the company's stock.

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.

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