Raymond James Financial Inc. Lowers Position in Marvell Technology, Inc. $MRVL

Key Points

• Raymond James Financial Inc. has reduced its stake in Marvell Technology, Inc. by 4.8%, selling 160,928 shares during the first quarter, leaving it with approximately 3.16 million shares valued at $194.6 million.
• Several institutional investors increased their positions in Marvell, with Vanguard Group Inc. acquiring an additional 1.2 million shares, raising its total to about 63.8 million shares worth nearly $3.93 billion.
• Marvell reported earnings of $0.62 per share for the last quarter, exceeding estimates, alongside a significant 63.3% increase in revenue compared to the previous year.

Raymond James Financial Inc. lowered its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 4.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,160,905 shares of the semiconductor company's stock after selling 160,928 shares during the period. Raymond James Financial Inc. owned 0.37% of Marvell Technology worth $194,618,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in MRVL. Hughes Financial Services LLC bought a new position in Marvell Technology during the 1st quarter worth $26,000. Rossby Financial LCC bought a new position in Marvell Technology during the 1st quarter worth $27,000. Financial Connections Group Inc. increased its stake in shares of Marvell Technology by 776.0% in the 1st quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company's stock valued at $27,000 after purchasing an additional 388 shares during the last quarter. Vision Financial Markets LLC bought a new position in shares of Marvell Technology in the 1st quarter valued at $28,000. Finally, Security National Bank bought a new position in shares of Marvell Technology in the 1st quarter valued at $31,000. Institutional investors own 83.51% of the company's stock.

Marvell Technology Stock Down 6.1%

MRVL traded down $4.67 during midday trading on Tuesday, reaching $72.07. 16,930,406 shares of the company were exchanged, compared to its average volume of 18,423,932. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.94 and a current ratio of 1.30. The company's fifty day moving average price is $74.45 and its 200 day moving average price is $72.74. The company has a market cap of $62.26 billion, a price-to-earnings ratio of -126.44, a price-to-earnings-growth ratio of 0.83 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.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The semiconductor company reported $0.62 EPS for the quarter, beating 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 the consensus estimate of $1.88 billion. During the same quarter in the prior year, the business earned $0.24 earnings per share. Marvell Technology's revenue for the quarter 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, 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. Stockholders of record on Friday, July 11th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, July 11th. Marvell Technology's dividend payout ratio (DPR) is presently -42.11%.

Insider Transactions at Marvell Technology

In other news, CAO Panteha Dixon sold 1,283 shares of the firm's 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. This trade represents a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark Casper sold 3,000 shares of the stock in a transaction on 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 sale, the executive vice president owned 17,163 shares in the company, valued at $1,241,743.05. This trade represents a 14.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,783 shares of company stock valued at $407,716 over the last three months. Company insiders own 0.19% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MRVL. Evercore ISI decreased their price target on Marvell Technology from $135.00 to $133.00 and set an "outperform" rating on the stock in a research note on Friday, May 30th. Rosenblatt Securities reiterated a "buy" rating and issued a $124.00 price target on shares of Marvell Technology in a research note on Wednesday, June 18th. Susquehanna decreased their price target on Marvell Technology from $110.00 to $90.00 and set a "positive" rating on the stock in a research note on Tuesday, May 27th. UBS Group reiterated a "buy" rating on shares of Marvell Technology in a research note on Monday, June 2nd. Finally, Piper Sandler reissued an "overweight" rating and set a $85.00 price objective (down previously from $95.00) on shares of Marvell Technology in a report 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 assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average 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.