Nan Shan Life Insurance Co. Ltd. Increases Stake in Marvell Technology, Inc. $MRVL

Key Points

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Nan Shan Life Insurance Co. Ltd. increased its position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 283.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 246,578 shares of the semiconductor company's stock after buying an additional 182,211 shares during the quarter. Nan Shan Life Insurance Co. Ltd.'s holdings in Marvell Technology were worth $15,182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. HITE Hedge Asset Management LLC acquired a new position in shares of Marvell Technology in the first quarter valued at approximately $400,000. Quantbot Technologies LP bought a new position in shares of Marvell Technology during the 1st quarter worth approximately $5,558,000. Korea Investment CORP boosted its holdings in shares of Marvell Technology by 16.8% during the 1st quarter. Korea Investment CORP now owns 769,495 shares of the semiconductor company's stock worth $47,378,000 after buying an additional 110,932 shares in the last quarter. Qtron Investments LLC boosted its holdings in shares of Marvell Technology by 29.8% during the 1st quarter. Qtron Investments LLC now owns 4,339 shares of the semiconductor company's stock worth $267,000 after buying an additional 995 shares in the last quarter. Finally, Brooklyn Investment Group boosted its holdings in shares of Marvell Technology by 16.1% during the 1st quarter. Brooklyn Investment Group now owns 5,515 shares of the semiconductor company's stock worth $339,000 after buying an additional 764 shares in the last quarter. Institutional investors and hedge funds own 83.51% of the company's stock.

Insider Activity

In other news, CFO Willem A. Meintjes sold 1,500 shares of the firm's stock in a transaction on Monday, June 16th. The stock was 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 of the company's stock, valued at $8,314,764.96. This trade represents a 1.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Mark Casper sold 3,000 shares of the firm'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 sale, the executive vice president directly owned 17,163 shares of the company's stock, valued at approximately $1,241,743.05. This represents a 14.88% 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 valued at $407,716 in the last ninety days. 0.19% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on MRVL. Susquehanna cut their price target on Marvell Technology from $110.00 to $90.00 and set a "positive" rating on the stock in a report on Tuesday, May 27th. Rosenblatt Securities reiterated a "buy" rating and issued a $124.00 target price on shares of Marvell Technology in a report on Wednesday, June 18th. Loop Capital cut their target price on Marvell Technology from $110.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Wall Street Zen cut Marvell Technology from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $85.00 target price (down from $95.00) on shares of Marvell Technology in a report on Friday, May 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, seven have issued a Hold rating and one has given 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 $94.70.

Marvell Technology Stock Up 2.5%

NASDAQ MRVL traded up $1.7950 on Friday, reaching $73.0050. The company had a trading volume of 10,932,889 shares, compared to its average volume of 18,330,117. The stock has a market capitalization of $63.06 billion, a P/E ratio of -128.08, a P/E/G ratio of 0.77 and a beta of 1.83. The company's fifty day moving average is $74.61 and its 200 day moving average is $72.44. 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 0.94, a current ratio of 1.30 and a debt-to-equity ratio of 0.22.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The semiconductor company reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.01. Marvell Technology had a positive return on equity of 8.42% and a negative net margin of 7.56%.The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the firm posted $0.24 EPS. Marvell Technology's quarterly revenue was up 63.3% compared to the same quarter last year. Marvell Technology has set its Q2 2026 guidance at 0.620-0.720 EPS. Sell-side analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Friday, July 11th were given 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 dividend yield of 0.3%. Marvell Technology's dividend payout ratio (DPR) is currently -42.11%.

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.