Northwestern Mutual Wealth Management Co. Purchases 450,738 Shares of Marvell Technology, Inc. $MRVL

Key Points

• Northwestern Mutual Wealth Management Co. increased its stake in Marvell Technology by 198.2% this quarter, acquiring an additional 450,738 shares and owning approximately 0.08% of the company valued at $41.75 million.
• Marvell Technology reported a 63.3% year-over-year increase in quarterly revenue to $1.90 billion, along with an earnings per share (EPS) of $0.62, which beat estimates by $0.01.
• The company recently announced a quarterly dividend of $0.06, leading to an annualized dividend yield of 0.3%, with a dividend payout ratio of -42.11%.

Northwestern Mutual Wealth Management Co. boosted its position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 198.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 678,155 shares of the semiconductor company's stock after buying an additional 450,738 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.08% of Marvell Technology worth $41,754,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Groupe la Francaise bought a new stake in Marvell Technology in the 1st quarter valued at about $1,627,000. Sax Wealth Advisors LLC increased its position in Marvell Technology by 19.1% in the 1st quarter. Sax Wealth Advisors LLC now owns 13,863 shares of the semiconductor company's stock valued at $854,000 after buying an additional 2,219 shares in the last quarter. AlphaQuest LLC increased its position in Marvell Technology by 1,147.2% in the 1st quarter. AlphaQuest LLC now owns 6,922 shares of the semiconductor company's stock valued at $426,000 after buying an additional 6,367 shares in the last quarter. Kestra Advisory Services LLC increased its position in Marvell Technology by 16.5% in the 1st quarter. Kestra Advisory Services LLC now owns 67,612 shares of the semiconductor company's stock valued at $4,163,000 after buying an additional 9,575 shares in the last quarter. Finally, Arnhold LLC bought a new stake in Marvell Technology in the 1st quarter valued at about $616,000. 83.51% of the stock is owned by institutional investors.

Insider Activity

In other news, CAO Panteha Dixon sold 1,283 shares of the company's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $68.50, for a total value of $87,885.50. Following the completion of the transaction, the chief accounting officer directly owned 29,572 shares of the company's stock, valued at $2,025,682. This represents a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Willem A. Meintjes sold 1,500 shares of the company's stock in a transaction that occurred on Monday, June 16th. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,783 shares of company stock valued at $407,716 over the last three months. Corporate insiders own 0.19% of the company's stock.

Marvell Technology Stock Performance

MRVL stock opened at $73.00 on Monday. The firm has a market cap of $63.06 billion, a PE ratio of -128.07, a P/E/G ratio of 0.79 and a beta of 1.83. The company has a quick ratio of 0.94, a current ratio of 1.30 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average of $74.72 and a 200-day moving average of $71.54. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $127.48.

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 the consensus estimate of $0.61 by $0.01. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.88 billion. Marvell Technology had a positive return on equity of 8.42% and a negative net margin of 7.56%.Marvell Technology's quarterly revenue was up 63.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.24 earnings per share. Marvell Technology has set its Q2 2026 guidance at 0.620-0.720 EPS. As a group, sell-side analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Announces Dividend

The firm 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 annualized dividend and a dividend yield of 0.3%. Marvell Technology's dividend payout ratio is currently -42.11%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Susquehanna decreased their target price on Marvell Technology from $110.00 to $90.00 and set a "positive" rating for the company in a research report on Tuesday, May 27th. Bank of America lifted their price target on Marvell Technology from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, June 18th. Piper Sandler reiterated an "overweight" rating and set a $85.00 price target (down previously from $95.00) on shares of Marvell Technology in a research note on Friday, May 30th. Rosenblatt Securities reiterated a "buy" rating and set a $124.00 price target on shares of Marvell Technology in a research note on Wednesday, June 18th. Finally, Needham & Company LLC downgraded Marvell Technology from a "buy" rating to a "cautious" rating in a research note on Wednesday, July 16th. One 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 given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.

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