Marvell Technology, Inc. $MRVL Position Trimmed by Perpetual Ltd

Key Points

• Perpetual Ltd significantly reduced its stake in Marvell Technology by 77.9% during the second quarter, holding only 4,797 shares valued at $371,000 after selling 16,899 shares.
• Marvell Technology reported a 57.6% increase in quarterly revenue year-over-year, with earnings per share meeting analysts' expectations at $0.67.
• Marvell recently announced a $0.06 quarterly dividend, representing an annualized yield of 0.3%, despite a negative payout ratio of -184.62%.

Perpetual Ltd trimmed its stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 77.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,797 shares of the semiconductor company's stock after selling 16,899 shares during the period. Perpetual Ltd's holdings in Marvell Technology were worth $371,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in MRVL. Hughes Financial Services LLC purchased a new stake in shares of Marvell Technology in the 1st quarter valued at approximately $26,000. Rossby Financial LCC purchased a new stake in Marvell Technology during the 1st quarter worth approximately $27,000. Financial Connections Group Inc. increased its stake in Marvell Technology by 776.0% during the 1st quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company's stock worth $27,000 after buying an additional 388 shares during the period. Vision Financial Markets LLC purchased a new stake in Marvell Technology during the 1st quarter worth approximately $28,000. Finally, Security National Bank purchased a new stake in Marvell Technology during the 1st quarter worth approximately $31,000. 83.51% of the stock is owned by hedge funds and other institutional investors.

Marvell Technology Price Performance

Shares of NASDAQ MRVL traded up $1.27 during midday trading on Monday, hitting $75.53. The company had a trading volume of 20,022,609 shares, compared to its average volume of 25,466,242. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. The business has a 50-day simple moving average of $72.51 and a two-hundred day simple moving average of $67.25. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve month high of $127.48. The firm has a market capitalization of $65.11 billion, a price-to-earnings ratio of -581.00, a price-to-earnings-growth ratio of 0.90 and a beta of 1.85.

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

Marvell Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Friday, October 10th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, October 10th. Marvell Technology's payout ratio is -184.62%.

Analyst Upgrades and Downgrades

MRVL has been the topic of several recent research reports. JPMorgan Chase & Co. cut their target price on shares of Marvell Technology from $130.00 to $120.00 and set an "overweight" rating on the stock in a research note on Friday, August 29th. Redburn Atlantic started coverage on shares of Marvell Technology in a research report on Wednesday, May 28th. They issued a "neutral" rating and a $67.00 price objective on the stock. China Renaissance started coverage on shares of Marvell Technology in a research report on Thursday, June 5th. They issued a "buy" rating and a $110.00 price objective on the stock. Loop Capital dropped their price objective on shares of Marvell Technology from $110.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Finally, Raymond James Financial reissued an "outperform" rating and issued a $90.00 price objective (down from $110.00) on shares of Marvell Technology in a research report on Friday, May 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $90.50.

Insiders Place Their Bets

In other Marvell Technology news, EVP Mark Casper sold 3,000 shares of Marvell Technology 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 transaction, the executive vice president directly owned 17,163 shares of the company's stock, valued at $1,241,743.05. The trade was a 14.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.33% of the stock is currently owned by company insiders.

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.