Shannon River Fund Management LLC Has $20.38 Million Stock Holdings in Marvell Technology, Inc. $MRVL

Key Points

• Shannon River Fund Management LLC reduced its stake in Marvell Technology by 23.9%, selling 103,862 shares in the first quarter, leaving it with 331,045 shares valued at approximately $20.4 million.
• Other institutional investors, including Vanguard Group and Goldman Sachs, increased their holdings in Marvell Technology, contributing to a total of 83.51% of the company’s stock being owned by hedge funds and institutional investors.
• Marvell Technology reported a strong quarterly performance with revenue growth of 57.6% year-over-year and earnings per share of $0.67, meeting consensus estimates for the quarter.

Shannon River Fund Management LLC decreased its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 23.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 331,045 shares of the semiconductor company's stock after selling 103,862 shares during the quarter. Marvell Technology comprises about 5.3% of Shannon River Fund Management LLC's investment portfolio, making the stock its 9th biggest position. Shannon River Fund Management LLC's holdings in Marvell Technology were worth $20,382,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Chelsea Counsel Co. acquired a new stake in shares of Marvell Technology during the fourth quarter worth $44,000. Bernard Wealth Management Corp. acquired a new stake in shares of Marvell Technology during the fourth quarter worth $45,000. Hughes Financial Services LLC purchased a new position in shares of Marvell Technology in the 1st quarter worth $26,000. Financial Connections Group Inc. raised its position 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 worth $27,000 after buying an additional 388 shares during the period. Finally, Rossby Financial LCC purchased a new position in shares of Marvell Technology in the 1st quarter worth $27,000. Institutional investors and hedge funds own 83.51% of the company's stock.

Insider Activity

In related news, CAO Panteha Dixon sold 1,283 shares of the company's 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 completion of the sale, the chief accounting officer owned 29,572 shares in the company, valued at $2,025,682. This represents a 4.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark Casper sold 3,000 shares of the company's stock in a transaction on Friday, July 18th. The shares were sold at an average price of $72.35, for a total transaction of $217,050.00. Following the completion of the sale, the executive vice president owned 17,163 shares of the company's stock, valued at approximately $1,241,743.05. This represents a 14.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,783 shares of company stock valued at $407,716 over the last three months. 0.33% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MRVL has been the topic of several research reports. The Goldman Sachs Group initiated coverage on Marvell Technology in a research report on Thursday, July 10th. They issued a "neutral" rating and a $75.00 price objective on the stock. Piper Sandler reissued an "overweight" rating and issued a $85.00 price objective (down from $95.00) on shares of Marvell Technology in a research report on Friday, May 30th. B. Riley reaffirmed a "buy" rating and set a $115.00 target price (up from $110.00) on shares of Marvell Technology in a research report on Wednesday, June 18th. Wall Street Zen lowered Marvell Technology from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. Finally, Zacks Research downgraded Marvell Technology from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 26th. One research analyst has 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. According to MarketBeat.com, Marvell Technology currently has a consensus rating of "Moderate Buy" and an average price target of $90.50.

Marvell Technology Price Performance

Shares of NASDAQ MRVL traded down $14.36 during trading on Monday, hitting $62.87. The company had a trading volume of 96,548,218 shares, compared to its average volume of 18,207,888. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $127.48. The business's 50-day moving average is $74.69 and its 200 day moving average is $70.29. The company has a market cap of $54.31 billion, a P/E ratio of -483.62, a PEG ratio of 0.68 and a beta of 1.85. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.94 and a current ratio of 1.30.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, meeting the consensus estimate of $0.67. The business had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $2.01 billion. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.02%. Marvell Technology's revenue was up 57.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Equities research analysts predict that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal 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 paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, July 11th. Marvell Technology's dividend payout ratio is -184.62%.

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.