Temasek Holdings Private Ltd Has $73.84 Million Holdings in Marvell Technology, Inc. $MRVL

Key Points

• Temasek Holdings reduced its stake in Marvell Technology by 22.9%, currently holding 1,199,201 shares valued at approximately $73.8 million.
• Marvell Technology reported $2.01 billion in revenue for the last quarter, which was a 57.6% increase from the previous year, and an EPS of $0.67, meeting consensus estimates.
• The company recently declared a quarterly dividend of $0.06 per share, resulting in an annualized dividend yield of 0.4%, even with a negative payout ratio of -184.62%.

Temasek Holdings Private Ltd lowered its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 22.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,199,201 shares of the semiconductor company's stock after selling 356,757 shares during the period. Temasek Holdings Private Ltd owned approximately 0.14% of Marvell Technology worth $73,835,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. USS Investment Management Ltd boosted its holdings in Marvell Technology by 23.0% during the first quarter. USS Investment Management Ltd now owns 184,563 shares of the semiconductor company's stock worth $11,363,000 after buying an additional 34,540 shares during the last quarter. UniSuper Management Pty Ltd lifted its stake in Marvell Technology by 352.5% in the 1st quarter. UniSuper Management Pty Ltd now owns 75,113 shares of the semiconductor company's stock valued at $4,625,000 after acquiring an additional 58,513 shares in the last quarter. Select Equity Group L.P. lifted its stake in Marvell Technology by 135.7% in the 1st quarter. Select Equity Group L.P. now owns 65,686 shares of the semiconductor company's stock valued at $4,044,000 after acquiring an additional 37,818 shares in the last quarter. Sepio Capital LP increased its position in shares of Marvell Technology by 15.1% during the 1st quarter. Sepio Capital LP now owns 5,926 shares of the semiconductor company's stock worth $365,000 after purchasing an additional 779 shares during the last quarter. Finally, Samlyn Capital LLC increased its position in shares of Marvell Technology by 113.1% during the 1st quarter. Samlyn Capital LLC now owns 656,257 shares of the semiconductor company's stock worth $40,406,000 after purchasing an additional 348,265 shares during the last quarter. Institutional investors own 83.51% of the company's stock.

Marvell Technology Trading Up 4.2%

Marvell Technology stock traded up $2.67 during trading hours on Monday, hitting $66.00. The stock had a trading volume of 24,379,324 shares, compared to its average volume of 21,268,870. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. The stock has a market cap of $56.90 billion, a price-to-earnings ratio of -507.69, a P/E/G ratio of 0.77 and a beta of 1.85. Marvell Technology, Inc. has a one year low of $47.08 and a one year high of $127.48. The business's 50 day simple moving average is $73.23 and its 200-day simple moving average is $68.47.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued 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. The company had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2.01 billion. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The business's quarterly revenue was up 57.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, equities analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

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

Insider Buying and Selling

In other Marvell Technology news, EVP Mark Casper sold 3,000 shares of the firm's stock in a transaction that occurred on 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 sale, the executive vice president 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Willem A. Meintjes sold 1,500 shares of the firm's 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 sale, the chief financial officer directly owned 121,348 shares of the company's stock, valued at $8,314,764.96. This trade represents a 1.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,783 shares of company stock valued at $407,716 over the last 90 days. Company insiders own 0.33% of the company's stock.

Wall Street Analysts Forecast Growth

MRVL has been the topic of a number of recent analyst reports. UBS Group decreased their target price on Marvell Technology from $110.00 to $95.00 and set a "buy" rating on the stock in a report on Friday, August 29th. Zacks Research downgraded Marvell Technology from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 26th. JPMorgan Chase & Co. dropped their price objective on Marvell Technology from $130.00 to $120.00 and set an "overweight" rating for the company in a research report on Friday, August 29th. Wells Fargo & Company dropped their price objective on Marvell Technology from $95.00 to $90.00 and set an "overweight" rating for the company in a research report on Friday, August 29th. Finally, Redburn Atlantic began coverage on Marvell Technology in a research report on Wednesday, May 28th. They set a "neutral" rating and a $67.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Marvell Technology presently has a consensus rating of "Moderate Buy" and an average price target of $90.50.

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.