Nissay Asset Management Corp Japan ADV Has $30.87 Million Stock Holdings in Marvell Technology, Inc. $MRVL

Key Points

• Nissay Asset Management Corp Japan ADV reduced its stake in Marvell Technology by 3.3%, holding a total of 501,423 shares valued at approximately $30.87 million as of the latest report.
• Marvell Technology reported earnings of $0.67 per share, meeting analyst expectations, with a revenue of $2.01 billion for the quarter, representing a 57.6% increase year-over-year.
• Analysts have mixed views on Marvell’s stock; while some have lowered target prices, it maintains a consensus rating of "Moderate Buy" with an average target price of $90.50.

Nissay Asset Management Corp Japan ADV lessened its position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 3.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 501,423 shares of the semiconductor company's stock after selling 17,133 shares during the period. Nissay Asset Management Corp Japan ADV owned approximately 0.06% of Marvell Technology worth $30,873,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MRVL. Nuveen Asset Management LLC increased its stake in Marvell Technology by 232.2% in the fourth quarter. Nuveen Asset Management LLC now owns 9,360,425 shares of the semiconductor company's stock valued at $1,033,859,000 after purchasing an additional 6,543,132 shares in the last quarter. Nuveen LLC bought a new stake in Marvell Technology in the first quarter valued at approximately $399,587,000. Goldman Sachs Group Inc. increased its stake in 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 valued at $1,272,117,000 after purchasing an additional 5,050,159 shares in the last quarter. Impax Asset Management Group plc increased its stake in Marvell Technology by 748.3% in the first quarter. Impax Asset Management Group plc now owns 3,700,841 shares of the semiconductor company's stock valued at $227,033,000 after purchasing an additional 3,264,557 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Marvell Technology by 662.9% in the first quarter. AQR Capital Management LLC now owns 3,119,855 shares of the semiconductor company's stock valued at $187,566,000 after purchasing an additional 2,710,894 shares in the last quarter. Institutional investors own 83.51% of the company's stock.

Marvell Technology Stock Performance

MRVL stock traded up $2.67 during trading hours on Monday, reaching $66.00. The stock had a trading volume of 24,377,914 shares, compared to its average volume of 19,134,273. The stock has a market capitalization 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. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44. The stock has a 50-day simple moving average of $73.45 and a 200 day simple moving average of $68.73. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week high of $127.48.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, meeting analysts' consensus estimates of $0.67. The firm had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2.01 billion. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The company's revenue for the quarter was up 57.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal 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 paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Friday, July 11th. Marvell Technology's dividend payout ratio (DPR) is currently -184.62%.

Wall Street Analyst Weigh In

MRVL has been the subject of several research reports. Redburn Atlantic initiated coverage on shares of Marvell Technology in a research report on Wednesday, May 28th. They set a "neutral" rating and a $67.00 price objective for the company. KeyCorp lowered their price objective on shares of Marvell Technology from $115.00 to $90.00 and set an "overweight" rating for the company in a research report on Friday, May 30th. Wells Fargo & Company lowered their price objective on shares of Marvell Technology from $95.00 to $90.00 and set an "overweight" rating for the company in a research report on Friday, August 29th. TD Cowen increased their price objective 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. Finally, UBS Group lowered their price objective on shares of Marvell Technology from $110.00 to $95.00 and set a "buy" rating for the company in a research report on Friday, August 29th. Two investment 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 stock. Based on data from MarketBeat, Marvell Technology has a consensus rating of "Moderate Buy" and a consensus price target of $90.50.

Insider Transactions at Marvell Technology

In other news, CFO Willem A. Meintjes sold 1,500 shares of the firm's stock in a transaction dated Monday, June 16th. The shares were 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 owned 121,348 shares in the company, valued at approximately $8,314,764.96. This trade represents a 1.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Panteha Dixon sold 1,283 shares of the firm's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $68.50, for a total transaction of $87,885.50. Following the sale, the chief accounting officer owned 29,572 shares of the company's stock, valued at approximately $2,025,682. This represents a 4.16% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,783 shares of company stock worth $407,716. 0.33% of the stock is owned by insiders.

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.