Point72 Europe London LLP Invests $4.84 Million in Marvell Technology, Inc. $MRVL

Key Points

• Point72 Europe London LLP acquired a $4.84 million stake in Marvell Technology, buying 78,600 shares of the semiconductor company in the first quarter.
• Marvell Technology's shares are currently down 18.6% and have experienced a significant revenue increase of 57.6% year-over-year, reporting $2.01 billion for the latest quarter.
• The stock has a consensus rating of "Moderate Buy" from analysts, with an average price target of $90.50 amidst several recent adjustments in ratings and target prices.

Point72 Europe London LLP bought a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 78,600 shares of the semiconductor company's stock, valued at approximately $4,839,000.

Other large investors also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Marvell Technology during the 4th quarter worth approximately $234,000. Dynamic Advisor Solutions LLC increased its position in Marvell Technology by 5.0% in the 1st 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 during the period. Yousif Capital Management LLC increased its position in Marvell Technology by 8.4% in the 1st 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 during the period. Credit Agricole S A increased its position in Marvell Technology by 27.7% in the 1st 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 during the period. Finally, Goldman Sachs Group Inc. increased its position in Marvell Technology by 32.3% in the 1st 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 during the period. Institutional investors own 83.51% of the company's stock.

Marvell Technology Stock Down 3.5%

MRVL traded down $2.29 during trading on Wednesday, reaching $62.31. 33,770,719 shares of the stock traded hands, compared to its average volume of 19,007,113. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week high of $127.48. The stock's 50-day simple moving average is $74.32 and its two-hundred day simple moving average is $69.95. The stock has a market cap of $53.83 billion, a price-to-earnings ratio of -479.31, a price-to-earnings-growth ratio of 0.68 and a beta of 1.85. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.30 and a quick ratio of 0.94.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, hitting analysts' consensus estimates of $0.67. Marvell Technology had a positive return on equity of 11.02% and a negative net margin of 1.43%.The company had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same quarter in the previous year, the firm earned $0.30 earnings per share. The business's quarterly revenue was up 57.6% compared to the same quarter last year. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, equities research analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Friday, July 11th were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, July 11th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.4%. Marvell Technology's payout ratio is currently -184.62%.

Wall Street Analysts Forecast Growth

MRVL has been the topic of several analyst reports. KeyCorp lowered their target price on Marvell Technology from $115.00 to $90.00 and set an "overweight" rating on the stock in a research report on Friday, May 30th. Raymond James Financial restated an "outperform" rating and issued a $90.00 target price (down from $110.00) on shares of Marvell Technology in a research report on Friday, May 30th. Piper Sandler restated an "overweight" rating and issued a $85.00 target price (down from $95.00) on shares of Marvell Technology in a research report on Friday, May 30th. Jefferies Financial Group lowered their target price on Marvell Technology from $90.00 to $80.00 and set a "buy" rating on the stock in a research report on Friday, August 29th. Finally, Melius Research raised their target price on Marvell Technology from $67.00 to $76.00 and gave the company a "hold" rating in a research report on Wednesday, June 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $90.50.

Insiders Place Their Bets

In other news, CFO Willem A. Meintjes sold 1,500 shares of Marvell Technology stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $68.52, for a total value of $102,780.00. Following the transaction, the chief financial officer directly owned 121,348 shares in the company, valued at approximately $8,314,764.96. The trade was a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Mark Casper sold 3,000 shares of Marvell Technology stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $72.35, for a total value of $217,050.00. Following the completion of the transaction, the executive vice president 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 disclosure for this sale can be found here. Insiders sold 5,783 shares of company stock valued at $407,716 over the last quarter. Insiders own 0.33% of the company's stock.

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.