Samlyn Capital LLC Grows Stock Position in Marvell Technology, Inc. $MRVL

Key Points

• Samlyn Capital LLC increased its stake in Marvell Technology, Inc. by 113.1%, owning approximately 0.08% of the company with a total valuation of $40,406,000 following the purchase of 348,265 shares.
• Other institutional investors, including Nuveen Asset Management and Goldman Sachs, significantly raised their positions in Marvell, contributing to a total hedge fund ownership of 83.51% of the company's shares.
• Marvell reported quarterly earnings with an EPS of $0.67 and revenue of $2.01 billion, marking a 57.6% increase from the previous year, while the stock recently experienced a 1.2% decline.

Samlyn Capital LLC lifted its stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 113.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 656,257 shares of the semiconductor company's stock after buying an additional 348,265 shares during the period. Samlyn Capital LLC owned approximately 0.08% of Marvell Technology worth $40,406,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of MRVL. Nuveen Asset Management LLC increased its holdings in shares of Marvell Technology by 232.2% in the fourth quarter. Nuveen Asset Management LLC now owns 9,360,425 shares of the semiconductor company's stock worth $1,033,859,000 after buying an additional 6,543,132 shares during the period. Nuveen LLC purchased a new position in shares of Marvell Technology in the first quarter worth about $399,587,000. Goldman Sachs Group Inc. increased its holdings in shares of 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 worth $1,272,117,000 after buying an additional 5,050,159 shares during the period. Impax Asset Management Group plc increased its holdings in shares of Marvell Technology by 748.3% in the first quarter. Impax Asset Management Group plc now owns 3,700,841 shares of the semiconductor company's stock worth $227,033,000 after buying an additional 3,264,557 shares during the period. Finally, AQR Capital Management LLC increased its holdings in shares of Marvell Technology by 662.9% in the first quarter. AQR Capital Management LLC now owns 3,119,855 shares of the semiconductor company's stock worth $187,566,000 after buying an additional 2,710,894 shares during the period. Hedge funds and other institutional investors own 83.51% of the company's stock.

Marvell Technology Stock Down 1.2%

Shares of NASDAQ:MRVL 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. The firm has a market capitalization of $54.60 billion, a P/E ratio of -487.15, a P/E/G ratio of 0.77 and a beta of 1.85. The stock has a 50 day moving average price of $73.45 and a 200-day moving average price of $69.30. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $127.48.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, hitting the consensus estimate of $0.67. The company had revenue of $2.01 billion for 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 quarterly revenue was up 57.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, equities research analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The business also recently declared 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 was Friday, July 11th. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. Marvell Technology's dividend payout ratio is presently -184.62%.

Insider Buying and Selling

In other Marvell Technology news, CFO Willem A. Meintjes sold 1,500 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $68.52, for a total transaction of $102,780.00. Following the sale, the chief financial officer directly owned 121,348 shares in the company, valued at approximately $8,314,764.96. This trade represents a 1.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Panteha Dixon sold 1,283 shares of the stock in a transaction on Monday, June 16th. The shares were 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 in the company, valued at approximately $2,025,682. This represents a 4.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,783 shares of company stock worth $407,716 in the last 90 days. Insiders own 0.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on MRVL shares. Barclays reiterated an "overweight" rating and issued a $80.00 price objective on shares of Marvell Technology in a report on Friday, August 29th. Wells Fargo & Company decreased their price objective on Marvell Technology from $95.00 to $90.00 and set an "overweight" rating on the stock in a report on Friday, August 29th. Oppenheimer restated an "outperform" rating and set a $95.00 price target on shares of Marvell Technology in a report on Friday, August 29th. Evercore ISI reduced their price target on Marvell Technology from $133.00 to $122.00 and set an "outperform" rating on the stock in a report on Friday, August 29th. Finally, Cantor Fitzgerald restated a "neutral" rating and set a $75.00 price target on shares of Marvell Technology in a report on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Marvell Technology currently has a consensus rating of "Moderate Buy" and an average price target of $90.50.

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.

Want to see what other hedge funds are holding MRVL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marvell Technology, Inc. (NASDAQ:MRVL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.