Siren L.L.C. Has $2.27 Million Holdings in Marvell Technology, Inc. $MRVL

Key Points

• Siren L.L.C. has significantly increased its stake in Marvell Technology, purchasing an additional 31,808 shares for a total of 36,808 shares, valued at approximately $2.27 million.
• Marvell Technology's recent quarterly earnings report showed revenue growth of 57.6% year-over-year, matching analysts' estimates with an EPS of $0.67.
• Several analysts have adjusted their price targets for Marvell Technology, with ratings ranging from a "strong buy" to "hold," resulting in a consensus target price of $90.50.

Siren L.L.C. grew its position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 636.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,808 shares of the semiconductor company's stock after acquiring an additional 31,808 shares during the quarter. Siren L.L.C.'s holdings in Marvell Technology were worth $2,266,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Marvell Technology by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 63,770,122 shares of the semiconductor company's stock worth $3,926,326,000 after acquiring an additional 1,212,338 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Marvell Technology by 32.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company's stock worth $1,272,117,000 after acquiring an additional 5,050,159 shares during the period. Brown Advisory Inc. lifted its position in shares of Marvell Technology by 2.2% during the 1st quarter. Brown Advisory Inc. now owns 19,300,527 shares of the semiconductor company's stock worth $1,188,333,000 after buying an additional 423,892 shares during the period. Nuveen Asset Management LLC lifted its position in shares of Marvell Technology by 232.2% during the 4th 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. Finally, Ameriprise Financial Inc. lifted its position in shares of Marvell Technology by 2.6% during the 1st quarter. Ameriprise Financial Inc. now owns 8,942,304 shares of the semiconductor company's stock worth $562,991,000 after buying an additional 227,555 shares during the period. Institutional investors own 83.51% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on MRVL shares. B. Riley restated a "buy" rating and set a $115.00 target price (up previously from $110.00) on shares of Marvell Technology in a research report on Wednesday, June 18th. JPMorgan Chase & Co. cut their target price on Marvell Technology from $130.00 to $120.00 and set an "overweight" rating for the company in a research report on Friday, August 29th. Deutsche Bank Aktiengesellschaft cut their target price on Marvell Technology from $100.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, May 30th. KeyCorp cut their target price on Marvell Technology from $115.00 to $90.00 and set an "overweight" rating for the company in a research report on Friday, May 30th. Finally, Barclays restated an "overweight" rating and set a $80.00 target price on shares of Marvell Technology in a research report on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $90.50.

Insider Activity

In other news, EVP Mark Casper sold 3,000 shares of Marvell Technology 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 directly owned 17,163 shares of the company's stock, valued at approximately $1,241,743.05. This trade represents a 14.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Willem A. Meintjes sold 1,500 shares of Marvell Technology 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 completion of the sale, the chief financial officer directly owned 121,348 shares of the company's stock, valued at $8,314,764.96. This trade represents a 1.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,783 shares of company stock valued at $407,716. Company insiders own 0.19% of the company's stock.

Marvell Technology Price Performance

MRVL traded up $0.76 during trading on Friday, hitting $67.35. The company's stock had a trading volume of 14,848,046 shares, compared to its average volume of 22,773,116. The firm's 50 day moving average price is $72.57 and its two-hundred day moving average price is $68.05. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month high of $127.48. The stock has a market capitalization of $58.06 billion, a price-to-earnings ratio of -518.08, a price-to-earnings-growth ratio of 0.80 and a beta of 1.85.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.67. The firm 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 business's revenue for the quarter was up 57.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Sell-side analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

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.