NewEdge Advisors LLC Purchases 41,181 Shares of Marvell Technology, Inc. $MRVL

Key Points

• NewEdge Advisors LLC increased its stake in Marvell Technology, Inc. by 28.0%, now owning 188,376 shares worth approximately $11.60 million.
• Institutional investors collectively hold 83.51% of Marvell's stock, highlighting strong investment interest in the semiconductor company.
• Marvell Technology reported earnings of $0.67 per share for the last quarter, meeting analyst expectations, with a revenue increase of 57.6% year over year.

NewEdge Advisors LLC raised its position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 28.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 188,376 shares of the semiconductor company's stock after acquiring an additional 41,181 shares during the period. NewEdge Advisors LLC's holdings in Marvell Technology were worth $11,598,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MRVL. Nuveen Asset Management LLC increased its holdings in Marvell Technology by 232.2% during the 4th quarter. Nuveen Asset Management LLC now owns 9,360,425 shares of the semiconductor company's stock valued at $1,033,859,000 after acquiring an additional 6,543,132 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Marvell Technology in the first quarter worth $399,587,000. Goldman Sachs Group Inc. increased its position in shares of Marvell Technology by 32.3% in the first 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 in the last quarter. Impax Asset Management Group plc lifted its position in shares of Marvell Technology by 748.3% during the first quarter. Impax Asset Management Group plc now owns 3,700,841 shares of the semiconductor company's stock worth $227,033,000 after purchasing an additional 3,264,557 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Marvell Technology by 662.9% during the first quarter. AQR Capital Management LLC now owns 3,119,855 shares of the semiconductor company's stock worth $187,566,000 after purchasing an additional 2,710,894 shares in the last quarter. 83.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Marvell Technology

In other news, EVP Mark Casper sold 3,000 shares of the business'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 transaction of $217,050.00. Following the completion of the sale, the executive vice president owned 17,163 shares in the company, valued at $1,241,743.05. The trade was a 14.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Willem A. Meintjes sold 1,500 shares of the company's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $68.52, for a total value of $102,780.00. Following the transaction, the chief financial officer directly owned 121,348 shares in the company, valued at $8,314,764.96. The trade was a 1.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,783 shares of company stock worth $407,716. 0.33% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Wells Fargo & Company dropped their price target on shares of Marvell Technology from $95.00 to $90.00 and set an "overweight" rating for the company in a research note on Friday, August 29th. TD Cowen upped their price target on shares of Marvell Technology from $60.00 to $70.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Oppenheimer reaffirmed an "outperform" rating and issued a $95.00 price objective on shares of Marvell Technology in a report on Friday, August 29th. Melius Research upped their price objective on shares of Marvell Technology from $67.00 to $76.00 and gave the stock a "hold" rating in a report on Wednesday, June 18th. Finally, Rosenblatt Securities cut their price target on shares of Marvell Technology from $124.00 to $95.00 and set a "buy" rating for the company in a report on Friday, August 29th. 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $90.50.

Marvell Technology Stock Up 4.2%

Shares of NASDAQ:MRVL traded up $2.67 during trading on Monday, hitting $66.00. 24,379,324 shares of the company were exchanged, compared to its average volume of 19,135,195. 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 fifty-two week low of $47.08 and a fifty-two week high of $127.48. The firm has a fifty day moving average price of $73.23 and a two-hundred day moving average price of $68.47. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, hitting analysts' consensus estimates of $0.67. The business 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 firm's revenue was up 57.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, research analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Friday, July 11th were given a $0.06 dividend. The ex-dividend date 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%.

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.