Marvell Technology, Inc. $MRVL Shares Sold by Nippon Life Global Investors Americas Inc.

Key Points

• Nippon Life Global Investors Americas Inc. reduced its position in Marvell Technology by 53.0%, holding 355,020 shares valued at approximately $21.86 million after selling 400,370 shares in the first quarter.
• Multiple institutional investors, including Nuveen Asset Management LLC and Goldman Sachs Group Inc., have significantly increased their stakes in Marvell Technology, with Nuveen growing its position by 232.2% in the last quarter.
• Marvell Technology reported earnings of $0.67 EPS for the last quarter, meeting consensus estimates, and showed a 57.6% increase in revenue compared to the same period last year.

Nippon Life Global Investors Americas Inc. cut its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 53.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 355,020 shares of the semiconductor company's stock after selling 400,370 shares during the period. Nippon Life Global Investors Americas Inc.'s holdings in Marvell Technology were worth $21,859,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of MRVL. Hughes Financial Services LLC purchased a new position in shares of Marvell Technology in the 1st quarter worth $26,000. Rossby Financial LCC acquired a new position in Marvell Technology in the first quarter worth approximately $27,000. Financial Connections Group Inc. grew 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 in the last quarter. Vision Financial Markets LLC bought a new stake in Marvell Technology in the first quarter worth $28,000. Finally, Security National Bank acquired a new position in Marvell Technology during the 1st quarter worth $31,000. 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 business's stock in a transaction dated 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 transaction, the chief financial officer directly owned 121,348 shares of the company's stock, valued at approximately $8,314,764.96. The trade was a 1.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Mark Casper sold 3,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 17,163 shares of the company's stock, valued at approximately $1,241,743.05. This represents a 14.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,783 shares of company stock worth $407,716 in the last quarter. Corporate insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

MRVL has been the topic of several research analyst reports. Benchmark reaffirmed a "buy" rating and set a $95.00 price objective on shares of Marvell Technology in a research note on Friday, August 29th. Wall Street Zen lowered shares of Marvell Technology from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. Redburn Atlantic assumed coverage on shares of Marvell Technology in a research report on Wednesday, May 28th. They issued a "neutral" rating and a $67.00 target price 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. Finally, Melius downgraded shares of Marvell Technology from a "buy" rating to a "hold" rating and set a $66.00 price target for the company. in a research note on Thursday, May 22nd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $90.50.

Marvell Technology Stock Performance

Shares of MRVL stock traded up $2.67 during trading hours on Monday, reaching $66.00. The company had a trading volume of 24,276,818 shares, compared to its average volume of 19,134,273. The business has a fifty day moving average price of $73.45 and a 200-day moving average price of $68.73. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.88. The firm has a market cap of $56.90 billion, a PE ratio of -507.69, a price-to-earnings-growth ratio of 0.77 and a beta of 1.85. Marvell Technology, Inc. has a one year low of $47.08 and a one year high of $127.48.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, meeting the consensus estimate of $0.67. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the firm earned $0.30 earnings per share. The company's revenue for the quarter was up 57.6% on a year-over-year basis. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Sell-side analysts predict that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

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

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.