Modus Advisors LLC Makes New $337,000 Investment in Marvell Technology, Inc. $MRVL

Key Points

• Modus Advisors LLC has made a new investment in Marvell Technology, acquiring 4,354 shares valued at approximately $337,000.
• Several large institutional investors significantly increased their stakes in Marvell Technology during the first quarter, showcasing increased confidence in the semiconductor company's stock.
• Marvell Technology met analysts' expectations with reported earnings of $0.67 EPS for the last quarter, and revenue increased by 57.6% year-over-year.

Modus Advisors LLC acquired a new position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,354 shares of the semiconductor company's stock, valued at approximately $337,000.

A number of other large investors have also added to or reduced their stakes in MRVL. Nuveen LLC bought a new stake in Marvell Technology in the 1st quarter worth approximately $399,587,000. Goldman Sachs Group Inc. increased its stake in Marvell Technology by 32.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company's stock worth $1,272,117,000 after acquiring an additional 5,050,159 shares during the last quarter. Impax Asset Management Group plc increased its stake in Marvell Technology by 748.3% in the 1st quarter. Impax Asset Management Group plc now owns 3,700,841 shares of the semiconductor company's stock worth $227,033,000 after acquiring an additional 3,264,557 shares during the last quarter. AQR Capital Management LLC increased its stake in Marvell Technology by 662.9% in the 1st quarter. AQR Capital Management LLC now owns 3,119,855 shares of the semiconductor company's stock worth $187,566,000 after acquiring an additional 2,710,894 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Marvell Technology by 8,128.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 2,460,851 shares of the semiconductor company's stock worth $151,515,000 after acquiring an additional 2,430,945 shares during the last quarter. Institutional investors own 83.51% of the company's stock.

Insider Activity at Marvell Technology

In related news, CAO Panteha Dixon sold 1,283 shares of the business's stock in a transaction 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 in the company, valued at $2,025,682. The trade was a 4.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark Casper sold 3,000 shares of the business's stock in a transaction on Friday, July 18th. The shares were sold at an average price of $72.35, for a total value of $217,050.00. Following the transaction, the executive vice president owned 17,163 shares of the company's stock, valued at approximately $1,241,743.05. The trade was a 14.88% decrease in their position. 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 quarter. 0.19% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on MRVL shares. Wall Street Zen raised Marvell Technology from a "hold" rating to a "buy" rating in a research note on Saturday. Melius Research lifted their target price on Marvell Technology from $67.00 to $76.00 and gave the stock a "hold" rating in a report on Wednesday, June 18th. Deutsche Bank Aktiengesellschaft dropped their target price on Marvell Technology from $100.00 to $85.00 and set a "buy" rating for the company in a report on Friday, May 30th. UBS Group dropped 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, China Renaissance started coverage on Marvell Technology in a report on Thursday, June 5th. They issued a "buy" rating and a $110.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $90.50.

Marvell Technology Price Performance

MRVL opened at $67.35 on Friday. The business has a fifty day moving average of $72.57 and a 200 day moving average of $67.87. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $127.48. 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 $58.06 billion, a P/E ratio of -518.08, a PEG ratio of 0.80 and a beta of 1.85.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.67. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The company had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same quarter in the previous year, the business earned $0.30 EPS. Marvell Technology's revenue 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 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.