Mn Services Vermogensbeheer B.V. Acquires 8,300 Shares of Marvell Technology, Inc. $MRVL

Key Points

• Mn Services Vermogensbeheer B.V. increased its stake in Marvell Technology by 2.6% during Q2, holding a total of 323,832 shares valued at approximately $25.07 million.
• Marvell Technology reported $2.01 billion in revenue for the most recent quarter, matching analysts' expectations and representing a 57.6% year-over-year increase.
• Several analysts have adjusted their ratings for Marvell Technology, with Goldman Sachs initiating coverage with a “neutral” rating and a target price of $75, while other firms also issued revised target prices ranging from $78 to $95.

Mn Services Vermogensbeheer B.V. grew its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 2.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 323,832 shares of the semiconductor company's stock after buying an additional 8,300 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Marvell Technology were worth $25,065,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Marvell Technology by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 63,770,122 shares of the semiconductor company's stock worth $3,926,326,000 after buying an additional 1,212,338 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Marvell Technology by 32.3% during the first quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company's stock valued at $1,272,117,000 after purchasing an additional 5,050,159 shares in the last quarter. Brown Advisory Inc. boosted its stake in shares of Marvell Technology by 2.2% during the first quarter. Brown Advisory Inc. now owns 19,300,527 shares of the semiconductor company's stock valued at $1,188,333,000 after purchasing an additional 423,892 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Marvell Technology by 2.6% during the first quarter. Ameriprise Financial Inc. now owns 8,942,304 shares of the semiconductor company's stock valued at $562,991,000 after purchasing an additional 227,555 shares in the last quarter. Finally, Pictet Asset Management Holding SA boosted its stake in shares of Marvell Technology by 6.7% during the first quarter. Pictet Asset Management Holding SA now owns 7,776,196 shares of the semiconductor company's stock valued at $478,794,000 after purchasing an additional 488,610 shares in the last quarter. Institutional investors own 83.51% of the company's stock.

Marvell Technology Stock Performance

Shares of MRVL traded up $0.03 during mid-day trading on Friday, hitting $74.26. The stock had a trading volume of 31,771,842 shares, compared to its average volume of 24,598,630. The firm has a market cap of $64.02 billion, a P/E ratio of -571.23, a PEG ratio of 0.90 and a beta of 1.85. The business has a fifty day moving average price of $72.45 and a 200-day moving average price of $67.41. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $127.48.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.67. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates 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 revenue was up 57.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, equities research analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Friday, October 10th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. Marvell Technology's payout ratio is -184.62%.

Insider Activity

In related news, EVP Mark Casper sold 3,000 shares of the business's stock in a transaction on 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 directly owned 17,163 shares in the company, valued at approximately $1,241,743.05. The trade was a 14.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.19% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on MRVL shares. Piper Sandler reissued an "overweight" rating and set a $85.00 price target (down from $95.00) on shares of Marvell Technology in a research note on Friday, May 30th. Raymond James Financial restated an "outperform" rating and set a $90.00 price objective (down from $110.00) on shares of Marvell Technology in a research report on Friday, May 30th. Zacks Research downgraded Marvell Technology from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 26th. UBS Group lowered their target price on Marvell Technology from $110.00 to $95.00 and set a "buy" rating for the company in a report on Friday, August 29th. Finally, The Goldman Sachs Group assumed coverage on Marvell Technology in a report on Thursday, July 10th. They set a "neutral" rating and a $75.00 price objective for the company. Two investment 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's stock. According to MarketBeat, Marvell Technology presently has a consensus rating of "Moderate Buy" and a consensus price target of $90.50.

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.