Curi RMB Capital LLC Sells 127,701 Shares of Marvell Technology, Inc. $MRVL

Key Points

• Curi RMB Capital LLC significantly reduced its stake in Marvell Technology, trimming its holdings by 96.4% to just 4,772 shares after selling 127,701 shares during the first quarter.
• Major institutional investors like Vanguard Group and Goldman Sachs increased their positions in Marvell Technology, with Vanguard acquiring an additional 1.2 million shares, bringing its total to over $3.9 billion in holdings.
• Analyst ratings for Marvell Technology vary, with Zacks downgrading the stock to a "strong sell" while Barclays maintains an "overweight" rating with a price objective of $80.00, reflecting a mix of bullish and bearish views on the stock.

Curi RMB Capital LLC cut its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 96.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,772 shares of the semiconductor company's stock after selling 127,701 shares during the quarter. Curi RMB Capital LLC's holdings in Marvell Technology were worth $294,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of MRVL. Bank Pictet & Cie Europe AG raised its holdings in shares of 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 acquiring an additional 460 shares in the last quarter. Benjamin Edwards Inc. increased its stake in shares of Marvell Technology by 53.0% in the fourth quarter. Benjamin Edwards Inc. now owns 6,882 shares of the semiconductor company's stock worth $761,000 after purchasing an additional 2,383 shares during the period. Cary Street Partners Financial LLC acquired a new stake in Marvell Technology during the fourth quarter worth about $253,000. CoreCap Advisors LLC grew its position in Marvell Technology by 489.4% during the fourth quarter. CoreCap Advisors LLC now owns 1,886 shares of the semiconductor company's stock worth $208,000 after buying an additional 1,566 shares in the last quarter. Finally, Driehaus Capital Management LLC grew its position in Marvell Technology by 66.9% during the fourth quarter. Driehaus Capital Management LLC now owns 9,941 shares of the semiconductor company's stock worth $1,098,000 after buying an additional 3,986 shares in the last quarter. Institutional investors and hedge funds own 83.51% of the company's stock.

Marvell Technology Price Performance

Shares of Marvell Technology stock traded up $2.67 on Monday, hitting $66.00. 24,379,324 shares of the company traded hands, compared to its average volume of 19,135,195. The firm's 50-day simple moving average is $73.45 and its 200 day simple moving average is $68.73. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The company has a market cap of $56.90 billion, a P/E ratio of -507.69, a P/E/G ratio of 0.77 and a beta of 1.85. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $127.48.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, meeting the consensus estimate of $0.67. The company had revenue of $2.01 billion for 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 quarterly revenue was up 57.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. 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 disclosed 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 0.4%. The ex-dividend date of this dividend was Friday, July 11th. Marvell Technology's payout ratio is presently -184.62%.

Insider Activity at Marvell Technology

In related news, CFO Willem A. Meintjes sold 1,500 shares of the business'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 transaction of $102,780.00. Following the completion of the sale, the chief financial officer directly owned 121,348 shares in the company, valued at approximately $8,314,764.96. The trade was a 1.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Panteha Dixon sold 1,283 shares of the company's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $68.50, for a total transaction of $87,885.50. Following the completion of the transaction, the chief accounting officer owned 29,572 shares of the company's stock, valued at approximately $2,025,682. The trade was a 4.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,783 shares of company stock worth $407,716. 0.33% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

MRVL has been the subject of a number of research analyst reports. Piper Sandler reiterated an "overweight" rating and issued a $85.00 target price (down previously from $95.00) on shares of Marvell Technology in a research note on Friday, May 30th. Jefferies Financial Group dropped their target price on shares of Marvell Technology from $90.00 to $80.00 and set a "buy" rating for the company in a research report on Friday, August 29th. Wells Fargo & Company dropped their target price on shares of Marvell Technology from $95.00 to $90.00 and set an "overweight" rating for the company in a research report on Friday, August 29th. Oppenheimer reissued an "outperform" rating and issued a $95.00 price target on shares of Marvell Technology in a report on Friday, August 29th. Finally, Melius lowered shares of Marvell Technology from a "buy" rating to a "hold" rating and set a $66.00 price target for the company. in a report on Thursday, May 22nd. Two 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 company. According to data from MarketBeat.com, Marvell Technology has a consensus rating of "Moderate Buy" and an average target price 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.