NWI Management LP Takes Position in Marvell Technology, Inc. $MRVL

Key Points

• NWI Management LP has acquired 45,000 shares of Marvell Technology, worth approximately $2.77 million, making it the firm's 28th largest holding.
• Several institutional investors, including Nuveen Asset Management and Goldman Sachs, have recently significantly increased their stakes in Marvell Technology, indicating growing interest in the semiconductor company.
• Marvell Technology reported earnings of $0.67 per share for the last quarter, aligning with analyst expectations, and saw a 57.6% increase in revenue year-over-year.

NWI Management LP purchased a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 45,000 shares of the semiconductor company's stock, valued at approximately $2,771,000. Marvell Technology comprises about 0.3% of NWI Management LP's investment portfolio, making the stock its 28th biggest position.

A number of other institutional investors have also made changes to their positions in the business. NewEdge Advisors LLC increased its holdings in shares of Marvell Technology by 28.0% during the 1st quarter. NewEdge Advisors LLC now owns 188,376 shares of the semiconductor company's stock worth $11,598,000 after acquiring an additional 41,181 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Marvell Technology by 74.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,070,002 shares of the semiconductor company's stock worth $65,939,000 after acquiring an additional 458,380 shares during the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of Marvell Technology by 90.1% during the 1st quarter. Integrated Wealth Concepts LLC now owns 19,320 shares of the semiconductor company's stock worth $1,190,000 after acquiring an additional 9,155 shares during the last quarter. DnB Asset Management AS increased its holdings in shares of Marvell Technology by 1,167.6% during the 1st quarter. DnB Asset Management AS now owns 2,015,860 shares of the semiconductor company's stock worth $124,116,000 after acquiring an additional 1,856,833 shares during the last quarter. Finally, EFG Asset Management North America Corp. bought a new stake in Marvell Technology in the 1st quarter valued at $2,503,000. 83.51% of the stock is owned by institutional investors and hedge funds.

Marvell Technology Price Performance

Shares of MRVL stock traded up $2.67 on Monday, hitting $66.00. 24,377,914 shares of the company's stock were exchanged, compared to its average volume of 19,134,273. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month high of $127.48. The stock has a market cap of $56.90 billion, a P/E ratio of -507.69, a price-to-earnings-growth ratio of 0.77 and a beta of 1.85. The company has a 50 day moving average of $73.45 and a 200 day moving average of $68.73.

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

Marvell Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Friday, July 11th were paid 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 0.4%. Marvell Technology's dividend payout ratio is presently -184.62%.

Insider Activity

In related news, CAO Panteha Dixon sold 1,283 shares of the firm'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 transaction of $87,885.50. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Willem A. Meintjes sold 1,500 shares of the firm'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 sale, the chief financial officer directly owned 121,348 shares of the company's stock, valued at $8,314,764.96. This trade represents a 1.22% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,783 shares of company stock valued at $407,716. Company insiders own 0.33% of the company's stock.

Analyst Ratings Changes

MRVL has been the subject of several recent research reports. Jefferies Financial Group reduced their price target on Marvell Technology from $90.00 to $80.00 and set a "buy" rating for the company in a research note on Friday, August 29th. China Renaissance initiated coverage on Marvell Technology in a research note on Thursday, June 5th. They issued a "buy" rating and a $110.00 price target for the company. Evercore ISI reduced their price target on Marvell Technology from $133.00 to $122.00 and set an "outperform" rating for the company in a research note on Friday, August 29th. The Goldman Sachs Group started coverage on Marvell Technology in a research note on Thursday, July 10th. They issued a "neutral" rating and a $75.00 price target for the company. Finally, Loop Capital cut their target price on Marvell Technology from $110.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $90.50.

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.