Price T Rowe Associates Inc. MD Lowers Stock Holdings in Marvell Technology, Inc. $MRVL

Key Points

• Price T Rowe Associates Inc. reduced its stake in Marvell Technology by 78.8%, selling over 5.5 million shares and retaining approximately 1.5 million shares valued at $92.5 million.
• In Q2 2026, Marvell Technology expects to achieve 0.620-0.720 EPS, building on a recent quarterly earnings report that topped expectations with $0.62 EPS and revenue of $1.90 billion.
• Multiple analysts have adjusted their price targets for Marvell Technology, with Cantor Fitzgerald raising it to $75.00 while Deutsche Bank lowered it to $85.00, indicating varied outlooks on the company's performance.

Price T Rowe Associates Inc. MD lowered its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 78.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,501,910 shares of the semiconductor company's stock after selling 5,579,011 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.17% of Marvell Technology worth $92,473,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MRVL. Bank Pictet & Cie Europe AG grew its holdings in shares of Marvell Technology by 0.7% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 66,710 shares of the semiconductor company's stock worth $7,368,000 after buying an additional 460 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of Marvell Technology by 2.4% in the 4th quarter. Integrated Wealth Concepts LLC now owns 10,165 shares of the semiconductor company's stock valued at $1,123,000 after buying an additional 234 shares during the period. Kovitz Investment Group Partners LLC acquired a new stake in shares of Marvell Technology in the 4th quarter valued at approximately $677,000. Capital Analysts LLC lifted its holdings in shares of Marvell Technology by 236.3% in the 4th quarter. Capital Analysts LLC now owns 343 shares of the semiconductor company's stock valued at $38,000 after buying an additional 241 shares during the period. Finally, Coldstream Capital Management Inc. lifted its holdings in shares of Marvell Technology by 1.0% in the 4th quarter. Coldstream Capital Management Inc. now owns 11,344 shares of the semiconductor company's stock valued at $1,253,000 after buying an additional 116 shares during the period. Hedge funds and other institutional investors own 83.51% of the company's stock.

Insider Activity at Marvell Technology

In related 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 sale, the chief accounting officer owned 29,572 shares of the company's stock, valued at approximately $2,025,682. This represents a 4.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark Casper sold 3,000 shares of the company's stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $72.35, for a total value of $217,050.00. Following the completion of the sale, the executive vice president directly owned 17,163 shares in the company, valued at approximately $1,241,743.05. The trade was a 14.88% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,783 shares of company stock valued at $407,716. 0.33% of the stock is owned by corporate insiders.

Marvell Technology Price Performance

Shares of NASDAQ:MRVL opened at $72.95 on Tuesday. The business's 50 day simple moving average is $74.78 and its 200-day simple moving average is $71.28. The firm has a market capitalization of $63.02 billion, a price-to-earnings ratio of -127.98, a price-to-earnings-growth ratio of 0.79 and a beta of 1.83. 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, 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 announced its quarterly earnings results on Thursday, May 29th. The semiconductor company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. Marvell Technology had a positive return on equity of 8.42% and a negative net margin of 7.56%.The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the previous year, the company earned $0.24 EPS. The company's quarterly revenue was up 63.3% on a year-over-year basis. Marvell Technology has set its Q2 2026 guidance at 0.620-0.720 EPS. As a group, equities analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors 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 dividend on an annualized basis and a yield of 0.3%. Marvell Technology's dividend payout ratio is presently -42.11%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Cantor Fitzgerald raised their price target on Marvell Technology from $60.00 to $75.00 and gave the company a "neutral" rating in a report on Wednesday, June 18th. Deutsche Bank Aktiengesellschaft reduced their price target on Marvell Technology from $100.00 to $85.00 and set a "buy" rating for the company in a report on Friday, May 30th. Needham & Company LLC cut Marvell Technology from a "buy" rating to a "cautious" rating in a report on Wednesday, July 16th. Piper Sandler reissued an "overweight" rating and issued a $85.00 price target (down from $95.00) on shares of Marvell Technology in a report on Friday, May 30th. Finally, Morgan Stanley reissued an "equal weight" rating on shares of Marvell Technology in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.

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