Quantitative Investment Management LLC Acquires Shares of 205,994 Marvell Technology, Inc. $MRVL

Key Points

• Quantitative Investment Management LLC has acquired a new stake in Marvell Technology, Inc. valued at approximately $12.68 million, making it the firm's 16th largest position.
• Recent analyst reports reflect a reduction in target prices for Marvell, with Loop Capital and KeyCorp both setting new targets at $90.00 while Melius Research raised their target price to $76.00.
• Marvell Technology reported a 63.3% year-over-year revenue increase with a quarterly EPS of $0.62, exceeding consensus estimates, while their recent dividend offers a yield of 0.3%.

Quantitative Investment Management LLC purchased a new stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 205,994 shares of the semiconductor company's stock, valued at approximately $12,683,000. Marvell Technology makes up approximately 1.2% of Quantitative Investment Management LLC's investment portfolio, making the stock its 16th biggest holding.

A number of other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Marvell Technology by 1.9% in the first quarter. Vanguard Group Inc. now owns 63,770,122 shares of the semiconductor company's stock valued at $3,926,326,000 after purchasing an additional 1,212,338 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Marvell Technology by 32.3% in the first quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company's stock valued at $1,272,117,000 after purchasing an additional 5,050,159 shares in the last quarter. Brown Advisory Inc. grew its stake in Marvell Technology by 2.2% in the first quarter. Brown Advisory Inc. now owns 19,300,527 shares of the semiconductor company's stock valued at $1,188,333,000 after purchasing an additional 423,892 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Marvell Technology by 6.9% during the 4th quarter. Janus Henderson Group PLC now owns 13,239,154 shares of the semiconductor company's stock worth $1,462,274,000 after acquiring an additional 857,087 shares during the period. Finally, Nuveen Asset Management LLC boosted its stake in shares of Marvell Technology by 232.2% during the 4th quarter. Nuveen Asset Management LLC now owns 9,360,425 shares of the semiconductor company's stock worth $1,033,859,000 after acquiring an additional 6,543,132 shares during the period. 83.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Cantor Fitzgerald lifted their target price on Marvell Technology from $60.00 to $75.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 18th. Melius downgraded Marvell Technology from a "buy" rating to a "hold" rating and set a $66.00 target price for the company. in a research note on Thursday, May 22nd. Loop Capital reduced their target price on Marvell Technology from $110.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, May 30th. Piper Sandler reiterated an "overweight" rating and set a $85.00 target price (down from $95.00) on shares of Marvell Technology in a research note on Friday, May 30th. Finally, TD Cowen lifted their target price on Marvell Technology from $60.00 to $70.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Marvell Technology currently has a consensus rating of "Moderate Buy" and an average target price of $94.70.

Marvell Technology Stock Performance

MRVL traded down $0.05 during trading on Monday, hitting $72.95. The stock had a trading volume of 10,035,562 shares, compared to its average volume of 16,276,032. The company has a 50 day moving average price of $74.78 and a 200-day moving average price of $71.28. The firm has a market cap of $63.02 billion, a price-to-earnings ratio of -127.98, a P/E/G ratio of 0.79 and a beta of 1.83. Marvell Technology, Inc. has a one year low of $47.08 and a one year high of $127.48. 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 released its quarterly 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 business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.88 billion. Marvell Technology had a positive return on equity of 8.42% and a negative net margin of 7.56%.The firm's quarterly revenue was up 63.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 EPS. Marvell Technology has set its Q2 2026 guidance at 0.620-0.720 EPS. As a group, research analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders 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 yield of 0.3%. Marvell Technology's payout ratio is currently -42.11%.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, CAO Panteha Dixon sold 1,283 shares of Marvell Technology stock in a transaction 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. The trade was a 4.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Willem A. Meintjes sold 1,500 shares of Marvell Technology stock in a transaction 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 $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 5,783 shares of company stock valued at $407,716 in the last three months. Corporate 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.