Select Equity Group L.P. Acquires 37,818 Shares of Marvell Technology, Inc. $MRVL

Select Equity Group L.P. raised its holdings in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 135.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 65,686 shares of the semiconductor company's stock after buying an additional 37,818 shares during the quarter. Select Equity Group L.P.'s holdings in Marvell Technology were worth $4,044,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Sepio Capital LP grew its position in shares of Marvell Technology by 15.1% in the 1st quarter. Sepio Capital LP now owns 5,926 shares of the semiconductor company's stock worth $365,000 after buying an additional 779 shares during the last quarter. Samlyn Capital LLC boosted its position in shares of Marvell Technology by 113.1% during the first quarter. Samlyn Capital LLC now owns 656,257 shares of the semiconductor company's stock valued at $40,406,000 after purchasing an additional 348,265 shares in the last quarter. NFJ Investment Group LLC bought a new stake in shares of Marvell Technology during the first quarter valued at approximately $1,185,000. NWI Management LP bought a new stake in shares of Marvell Technology during the first quarter valued at approximately $2,771,000. Finally, NewEdge Advisors LLC boosted its position in shares of Marvell Technology by 28.0% during the first quarter. NewEdge Advisors LLC now owns 188,376 shares of the semiconductor company's stock valued at $11,598,000 after purchasing an additional 41,181 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MRVL has been the topic of several research reports. BNP Paribas upgraded Marvell Technology to a "strong-buy" rating in a research report on Friday, August 29th. Benchmark restated a "buy" rating and set a $95.00 price target on shares of Marvell Technology in a research report on Friday, August 29th. Rosenblatt Securities dropped their price target on Marvell Technology from $124.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, August 29th. Raymond James Financial restated an "outperform" rating and set a $90.00 price target (down from $110.00) on shares of Marvell Technology in a research report on Friday, May 30th. Finally, Wall Street Zen lowered Marvell Technology from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Marvell Technology currently has an average rating of "Moderate Buy" and a consensus price target of $90.50.

Marvell Technology Trading Down 1.2%

Marvell Technology stock opened at $63.33 on Monday. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The business's fifty day simple moving average is $73.45 and its two-hundred day simple moving average is $68.73. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month high of $127.48. The company has a market capitalization of $54.60 billion, a price-to-earnings ratio of -487.15, a price-to-earnings-growth ratio of 0.77 and a beta of 1.85.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, hitting the consensus estimate of $0.67. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the company posted $0.30 earnings per share. The company's revenue for the quarter was up 57.6% compared to the same quarter last year. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, equities analysts predict that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders 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 payout ratio is currently -184.62%.

Insider Activity

In other news, EVP Mark Casper sold 3,000 shares of the company's stock in a transaction on Friday, July 18th. The stock was sold at an average price of $72.35, for a total transaction of $217,050.00. Following the transaction, the executive vice president directly owned 17,163 shares of the company's stock, valued at $1,241,743.05. This represents a 14.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Willem A. Meintjes sold 1,500 shares of the company's 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 transaction, the chief financial officer directly owned 121,348 shares in the company, valued at approximately $8,314,764.96. The trade was a 1.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,783 shares of company stock valued at $407,716 over the last ninety days. 0.33% of the stock is currently 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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