NFJ Investment Group LLC Takes $1.19 Million Position in Marvell Technology, Inc. $MRVL

Key Points

• Nfj Investment Group LLC acquired approximately 19,244 shares of Marvell Technology, valued at around $1,185,000, indicating growing institutional interest in the semiconductor company.
• Marvell Technology's stock has a general consensus rating of "Moderate Buy", with an average target price set at $90.50, despite recent downgrades from some analysts.
• The company reported a 57.6% increase in year-over-year revenue for its last quarter, with earnings per share meeting the consensus estimate at $0.67.

NFJ Investment Group LLC acquired a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 19,244 shares of the semiconductor company's stock, valued at approximately $1,185,000.

Other hedge funds have also made changes to their positions in the company. Hughes Financial Services LLC acquired a new position in shares of Marvell Technology during the 1st quarter valued at about $26,000. Rossby Financial LCC acquired a new position in shares of Marvell Technology during the 1st quarter valued at about $27,000. Financial Connections Group Inc. increased its holdings in shares of Marvell Technology by 776.0% during the 1st quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company's stock valued at $27,000 after acquiring an additional 388 shares during the last quarter. Vision Financial Markets LLC bought a new stake in Marvell Technology during the 1st quarter valued at approximately $28,000. Finally, Security National Bank bought a new stake in Marvell Technology during the 1st quarter valued at approximately $31,000. Institutional investors and hedge funds own 83.51% of the company's stock.

Insider Transactions at Marvell Technology

In other news, CFO Willem A. Meintjes sold 1,500 shares of the 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 completion of the transaction, the chief financial officer directly owned 121,348 shares of the company's stock, valued at approximately $8,314,764.96. This represents a 1.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Mark Casper sold 3,000 shares of the stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $72.35, for a total value of $217,050.00. Following the completion of the transaction, the executive vice president directly 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,783 shares of company stock valued at $407,716. Corporate insiders own 0.33% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MRVL. Benchmark restated a "buy" rating and set a $95.00 target price on shares of Marvell Technology in a research note on Friday, August 29th. UBS Group decreased their target price on Marvell Technology from $110.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, August 29th. Raymond James Financial restated an "outperform" rating and set a $90.00 target price (down previously from $110.00) on shares of Marvell Technology in a research note on Friday, May 30th. Evercore ISI decreased their target price on Marvell Technology from $133.00 to $122.00 and set an "outperform" rating for the company in a research note on Friday, August 29th. Finally, Needham & Company LLC reduced their price objective on Marvell Technology from $85.00 to $80.00 and set a "buy" rating for the company in a research report on Friday, August 29th. Two 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 given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $90.50.

Marvell Technology Stock Performance

Shares of MRVL stock traded down $0.77 during mid-day trading on Friday, reaching $63.33. The stock had a trading volume of 25,742,906 shares, compared to its average volume of 21,268,870. Marvell Technology, Inc. has a one year low of $47.08 and a one year 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 firm's 50 day simple moving average is $73.45 and its 200 day simple moving average is $68.73. The firm has a market cap of $54.60 billion, a PE ratio of -487.15, a P/E/G ratio of 0.77 and a beta of 1.85.

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, hitting 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 business had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same period in the prior year, the firm posted $0.30 EPS. Marvell Technology's quarterly 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. On average, analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Friday, July 11th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, July 11th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.4%. Marvell Technology's dividend payout ratio is presently -184.62%.

About Marvell Technology

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.