Northwest & Ethical Investments L.P. Acquires Shares of 265,486 Marvell Technology, Inc. $MRVL

Key Points

• Northwest & Ethical Investments L.P. has acquired a new stake in Marvell Technology, Inc., purchasing 265,486 shares valued at approximately $16.35 million.
• Marvell Technology recently reported $1.90 billion in revenue for the quarter, significantly up by 63.3% from the previous year, with earnings per share of $0.62.
• Despite positive earnings, Marvell's shares have recently traded down 3.6%, reflecting a market cap of $65.82 billion and a consensus target price of $94.70 from analysts.

Northwest & Ethical Investments L.P. acquired a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 265,486 shares of the semiconductor company's stock, valued at approximately $16,346,000.

Several other large investors have also modified their holdings of MRVL. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Marvell Technology in the fourth quarter worth $234,000. Dynamic Advisor Solutions LLC boosted its position 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 worth $266,000 after buying an additional 206 shares during the period. Yousif Capital Management LLC boosted its position 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 worth $927,000 after buying an additional 1,164 shares during the period. Goldman Sachs Group Inc. boosted 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 buying an additional 5,050,159 shares during the period. Finally, Sargent Investment Group LLC boosted its position in shares of Marvell Technology by 55.7% in the first quarter. Sargent Investment Group LLC now owns 13,392 shares of the semiconductor company's stock worth $825,000 after buying an additional 4,792 shares during the period. 83.51% of the stock is owned by institutional investors.

Insider Activity at Marvell Technology

In related 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 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mark Casper sold 3,000 shares of the business's stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $72.35, for a total value of $217,050.00. Following the transaction, the executive vice president owned 17,163 shares in the company, valued at $1,241,743.05. This represents a 14.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,783 shares of company stock worth $407,716 over the last three months. Company insiders own 0.33% of the company's stock.

Marvell Technology Stock Performance

Shares of NASDAQ:MRVL traded down $4.67 during midday trading on Tuesday, hitting $72.07. The company's stock had a trading volume of 16,930,406 shares, compared to its average volume of 15,413,750. The stock has a market capitalization of $62.26 billion, a price-to-earnings ratio of 58.58, a PEG ratio of 0.83 and a beta of 1.83. The stock's 50 day simple moving average is $74.52 and its 200 day simple moving average is $72.74. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week high of $127.48. 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 issued its quarterly earnings results on Thursday, May 29th. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.88 billion. Marvell Technology had a positive return on equity of 8.42% and a negative net margin of 7.56%.The firm's revenue was up 63.3% compared to the same quarter last year. During the same period last year, the business posted $0.24 earnings per share. Marvell Technology has set its Q2 2026 guidance at 0.620-0.720 EPS. As a group, research analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors 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%.

Analyst Ratings Changes

Several brokerages have recently commented on MRVL. KeyCorp decreased their target price on Marvell Technology from $115.00 to $90.00 and set an "overweight" rating for the company in a research report on Friday, May 30th. Melius lowered Marvell Technology from a "buy" rating to a "hold" rating and set a $66.00 price objective for the company. in a report on Thursday, May 22nd. Cantor Fitzgerald increased their price objective on Marvell Technology from $60.00 to $75.00 and gave the stock a "neutral" rating in a report on Wednesday, June 18th. Wall Street Zen lowered Marvell Technology from a "buy" rating to a "hold" rating in a report on Sunday. Finally, Loop Capital cut their price objective on Marvell Technology from $110.00 to $90.00 and set a "buy" rating for the company in a report on Friday, May 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Marvell Technology currently has a consensus rating of "Moderate Buy" and an average target price of $94.70.

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.