Norinchukin Bank The Has $1.46 Million Stock Position in Marvell Technology, Inc. $MRVL

Key Points

• Norinchukin Bank significantly increased its stake in Marvell Technology by 169.0% in the first quarter, owning 23,648 shares valued at $1.46 million as per its recent SEC filing.
• Insider selling activity was noted, with EVP Mark Casper selling 3,000 shares for approximately $217,050, reducing his ownership by 14.88%.
• Marvell Technology's recent quarterly earnings exceeded estimates, reporting a 63.3% year-over-year revenue increase to $1.90 billion and generating an EPS of $0.62.

Norinchukin Bank The boosted its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 169.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 23,648 shares of the semiconductor company's stock after purchasing an additional 14,858 shares during the period. Norinchukin Bank The's holdings in Marvell Technology were worth $1,456,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in Marvell Technology during the 4th quarter worth $234,000. Dynamic Advisor Solutions LLC boosted its holdings in shares of Marvell Technology by 5.0% in the first quarter. Dynamic Advisor Solutions LLC now owns 4,313 shares of the semiconductor company's stock valued at $266,000 after acquiring an additional 206 shares in the last quarter. Yousif Capital Management LLC boosted its holdings in shares of Marvell Technology by 8.4% in the first quarter. Yousif Capital Management LLC now owns 15,057 shares of the semiconductor company's stock valued at $927,000 after acquiring an additional 1,164 shares in the last quarter. Credit Agricole S A boosted its holdings in shares of Marvell Technology by 27.7% in the first quarter. Credit Agricole S A now owns 585,947 shares of the semiconductor company's stock valued at $36,077,000 after acquiring an additional 127,169 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings 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 valued at $1,272,117,000 after acquiring an additional 5,050,159 shares in the last quarter. 83.51% of the stock is owned by hedge funds and other institutional investors.

Marvell Technology Trading Down 0.1%

Marvell Technology stock traded down $0.05 during trading on Monday, reaching $72.95. The company had a trading volume of 10,035,562 shares, compared to its average volume of 16,276,032. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $127.48. The stock's 50 day moving average price is $74.78 and its two-hundred day moving average price is $71.28. The firm has a market capitalization of $63.02 billion, a price-to-earnings ratio of -127.98, a PEG ratio of 0.79 and a beta of 1.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.94 and a current ratio of 1.30.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its earnings results on Thursday, May 29th. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.01. Marvell Technology had a negative net margin of 7.56% and a positive return on equity of 8.42%. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the previous year, the firm earned $0.24 earnings per share. Marvell Technology's 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. As a group, equities analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Friday, July 11th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.3%. The ex-dividend date was Friday, July 11th. Marvell Technology's payout ratio is currently -42.11%.

Insiders Place Their Bets

In other Marvell Technology news, 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 transaction of $217,050.00. Following the completion of the sale, the executive vice president directly 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Panteha Dixon sold 1,283 shares of the company's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $68.50, for a total transaction of $87,885.50. Following the completion of the transaction, the chief accounting officer owned 29,572 shares of the company's stock, valued at $2,025,682. This trade represents a 4.16% 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 worth $407,716 over the last ninety days. 0.33% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on the stock. TD Cowen raised their price objective on shares of Marvell Technology from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Friday, May 30th. China Renaissance assumed coverage on shares of Marvell Technology in a research note on Thursday, June 5th. They issued a "buy" rating and a $110.00 price objective for the company. Needham & Company LLC cut shares of Marvell Technology from a "buy" rating to a "cautious" rating in a research note on Wednesday, July 16th. The Goldman Sachs Group assumed coverage on shares of Marvell Technology in a research report on Thursday, July 10th. They set a "neutral" rating and a $75.00 target price for the company. Finally, Piper Sandler restated an "overweight" rating and set a $85.00 target price (down previously from $95.00) on shares of Marvell Technology in a research report on Friday, May 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $94.70.

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.