Plato Investment Management Ltd Cuts Stock Holdings in Marvell Technology, Inc. $MRVL

Key Points

• Plato Investment Management Ltd reduced its stake in Marvell Technology, selling 6,607 shares, which is a 17.3% decrease in holdings.
• Marvell Technology's quarterly earnings were reported at $0.67 per share, meeting the consensus estimate, with a year-over-year revenue increase of 57.6%.
• The company announced a quarterly dividend of $0.06, reflecting an annualized rate of $0.24, although it currently has a negative dividend payout ratio of -184.62%.

Plato Investment Management Ltd decreased its holdings in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 17.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,614 shares of the semiconductor company's stock after selling 6,607 shares during the quarter. Plato Investment Management Ltd's holdings in Marvell Technology were worth $1,968,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Synovus Financial Corp lifted its position in Marvell Technology by 3.5% during the 1st quarter. Synovus Financial Corp now owns 4,791 shares of the semiconductor company's stock worth $295,000 after acquiring an additional 161 shares during the period. Virtue Capital Management LLC lifted its position in Marvell Technology by 2.1% during the 4th quarter. Virtue Capital Management LLC now owns 7,752 shares of the semiconductor company's stock worth $856,000 after acquiring an additional 163 shares during the period. Kolinsky Wealth Management LLC lifted its position in Marvell Technology by 3.3% during the 4th quarter. Kolinsky Wealth Management LLC now owns 5,628 shares of the semiconductor company's stock worth $622,000 after acquiring an additional 181 shares during the period. Denali Advisors LLC lifted its position in Marvell Technology by 2.3% during the 1st quarter. Denali Advisors LLC now owns 8,713 shares of the semiconductor company's stock worth $536,000 after acquiring an additional 200 shares during the period. Finally, Pinnacle Wealth Planning Services Inc. lifted its position in Marvell Technology by 6.1% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 3,477 shares of the semiconductor company's stock worth $214,000 after acquiring an additional 201 shares during the period. Institutional investors and hedge funds own 83.51% of the company's stock.

Insider Activity at Marvell Technology

In related news, EVP Mark Casper sold 3,000 shares of Marvell Technology stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $72.35, for a total value of $217,050.00. Following the completion of the transaction, the executive vice president owned 17,163 shares in the company, valued at $1,241,743.05. The trade was a 14.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Willem A. Meintjes sold 1,500 shares of the business's stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,783 shares of company stock worth $407,716 in the last 90 days. Corporate insiders own 0.19% of the company's stock.

Marvell Technology Price Performance

Shares of Marvell Technology stock traded up $0.76 on Friday, hitting $67.35. The company's stock had a trading volume of 14,848,046 shares, compared to its average volume of 22,773,116. 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 1 year low of $47.08 and a 1 year high of $127.48. The firm has a fifty day moving average price of $72.57 and a 200-day moving average price of $68.05. The company has a market capitalization of $58.06 billion, a price-to-earnings ratio of -518.08, a price-to-earnings-growth ratio of 0.80 and a beta of 1.85.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, meeting the consensus estimate of $0.67. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the business earned $0.30 EPS. Marvell Technology's revenue for the quarter was up 57.6% compared to the same quarter last year. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, sell-side analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on MRVL shares. Redburn Atlantic started coverage on Marvell Technology in a research report on Wednesday, May 28th. They set a "neutral" rating and a $67.00 price target for the company. China Renaissance began coverage on Marvell Technology in a research note on Thursday, June 5th. They set a "buy" rating and a $110.00 price objective for the company. Raymond James Financial reiterated an "outperform" rating and set a $90.00 price objective (down previously from $110.00) on shares of Marvell Technology in a research note on Friday, May 30th. Oppenheimer reiterated an "outperform" rating and set a $95.00 price objective on shares of Marvell Technology in a research note on Friday, August 29th. Finally, Melius Research lifted their price objective on Marvell Technology from $67.00 to $76.00 and gave the company a "hold" rating in a research note on Wednesday, June 18th. Two equities research 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 given a Sell rating to the stock. Based on data from MarketBeat.com, Marvell Technology presently has an average rating of "Moderate Buy" and a consensus target price 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.