Resources Management Corp CT ADV Raises Stock Holdings in Marvell Technology, Inc. $MRVL

Key Points

• Resources Management Corp CT ADV increased its holdings in Marvell Technology by 47.8%, owning 20,885 shares valued at approximately $1.29 million at the end of the first quarter.
• Marvell Technology reported earnings of $0.67 EPS for the most recent quarter, meeting analyst expectations, with revenue rising 57.6% year-over-year to $2.01 billion.
• The company announced a quarterly dividend of $0.06 per share, with an annualized dividend yield of 0.4%, despite a negative payout ratio of -184.62%.

Resources Management Corp CT ADV lifted its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 47.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,885 shares of the semiconductor company's stock after purchasing an additional 6,753 shares during the quarter. Resources Management Corp CT ADV's holdings in Marvell Technology were worth $1,286,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of 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 purchasing an additional 460 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in Marvell Technology by 53.0% in the fourth quarter. Benjamin Edwards Inc. now owns 6,882 shares of the semiconductor company's stock worth $761,000 after buying an additional 2,383 shares in the last quarter. Cary Street Partners Financial LLC purchased a new stake in Marvell Technology in the fourth quarter worth approximately $253,000. CoreCap Advisors LLC boosted its stake in Marvell Technology by 489.4% in the fourth quarter. CoreCap Advisors LLC now owns 1,886 shares of the semiconductor company's stock worth $208,000 after buying an additional 1,566 shares in the last quarter. Finally, Driehaus Capital Management LLC boosted its stake in Marvell Technology by 66.9% in the fourth quarter. Driehaus Capital Management LLC now owns 9,941 shares of the semiconductor company's stock worth $1,098,000 after buying an additional 3,986 shares in the last quarter. Hedge funds and other institutional investors own 83.51% of the company's stock.

Marvell Technology Stock Performance

Shares of MRVL stock opened at $63.33 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.94 and a current ratio of 1.88. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week high of $127.48. The stock has a 50 day moving average price of $73.45 and a two-hundred day moving average price of $69.01. The company has a market capitalization of $54.60 billion, a P/E ratio of -487.15, a PEG ratio of 0.77 and a beta of 1.85.

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

Marvell Technology Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on MRVL. Rosenblatt Securities cut their target price on Marvell Technology from $124.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, August 29th. Zacks Research lowered Marvell Technology from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 26th. Raymond James Financial reaffirmed an "outperform" rating and issued a $90.00 target price (down previously from $110.00) on shares of Marvell Technology in a research note on Friday, May 30th. UBS Group cut their target price on Marvell Technology from $110.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, August 29th. Finally, Susquehanna cut their target price on Marvell Technology from $110.00 to $90.00 and set a "positive" rating for the company in a research note on Tuesday, May 27th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $90.50.

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 transaction of $87,885.50. Following the completion of the transaction, the chief accounting officer owned 29,572 shares in the company, valued at $2,025,682. This represents a 4.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Willem A. Meintjes sold 1,500 shares of the company's stock in a transaction that occurred 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 transaction, the chief financial officer owned 121,348 shares of the company's stock, valued at approximately $8,314,764.96. This represents a 1.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,783 shares of company stock worth $407,716 over the last quarter. 0.19% of the stock is owned by corporate insiders.

Marvell Technology Company 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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