Taikang Asset Management Hong Kong Co Ltd Acquires 22,294 Shares of Marvell Technology, Inc. $MRVL

Key Points

• Taikang Asset Management Hong Kong Co Ltd has increased its stake in Marvell Technology, Inc. by 64.2%, now owning shares valued at approximately $3.51 million.
• Marvell Technology reported $1.90 billion in revenue for the last quarter, exceeding analysts' expectations, and has set a Q2 2026 EPS guidance of 0.620-0.720.
• The company declared a quarterly dividend of $0.06 per share, translating to an annual yield of 0.3%, with a current dividend payout ratio of -42.11%.

Taikang Asset Management Hong Kong Co Ltd grew its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 64.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,994 shares of the semiconductor company's stock after purchasing an additional 22,294 shares during the quarter. Taikang Asset Management Hong Kong Co Ltd's holdings in Marvell Technology were worth $3,509,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ally Financial Inc. acquired a new position in Marvell Technology in the 1st quarter valued at $862,000. Kayne Anderson Rudnick Investment Management LLC grew its stake in Marvell Technology by 407.4% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,079 shares of the semiconductor company's stock valued at $313,000 after buying an additional 4,078 shares during the last quarter. Comerica Bank grew its stake in Marvell Technology by 16.1% in the 1st quarter. Comerica Bank now owns 65,532 shares of the semiconductor company's stock valued at $4,035,000 after buying an additional 9,104 shares during the last quarter. MetLife Investment Management LLC grew its stake in Marvell Technology by 1.7% in the 1st quarter. MetLife Investment Management LLC now owns 18,397 shares of the semiconductor company's stock valued at $1,133,000 after buying an additional 315 shares during the last quarter. Finally, Freedom Investment Management Inc. grew its stake in Marvell Technology by 38.1% in the 1st quarter. Freedom Investment Management Inc. now owns 8,047 shares of the semiconductor company's stock valued at $495,000 after buying an additional 2,221 shares during the last quarter. Institutional investors own 83.51% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MRVL. Redburn Atlantic began coverage on shares of Marvell Technology in a research report on Wednesday, May 28th. They issued a "neutral" rating and a $67.00 price target on the stock. TD Cowen lifted their price target on shares of Marvell Technology from $60.00 to $70.00 and gave the company a "buy" rating in a report on Friday, May 30th. Wells Fargo & Company set a $95.00 target price on shares of Marvell Technology and gave the stock an "overweight" rating in a research note on Friday, August 22nd. Zacks Research cut shares of Marvell Technology from a "hold" rating to a "strong sell" rating in a research report on Tuesday. Finally, Wall Street Zen cut shares of Marvell Technology from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $94.70.

Insider Activity at Marvell Technology

In related news, CFO Willem A. Meintjes sold 1,500 shares of the business'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 transaction of $102,780.00. Following the completion of the transaction, the chief financial officer 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Panteha Dixon sold 1,283 shares of the company's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $68.50, for a total transaction of $87,885.50. Following the completion of the transaction, the chief accounting officer owned 29,572 shares of the company's stock, valued at $2,025,682. This trade represents a 4.16% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,783 shares of company stock worth $407,716. 0.19% of the stock is currently owned by company insiders.

Marvell Technology Trading Up 3.3%

Shares of NASDAQ:MRVL traded up $2.44 during trading on Thursday, hitting $77.23. 32,905,319 shares of the company's stock were exchanged, compared to its average volume of 18,305,039. The firm has a market cap of $66.71 billion, a P/E ratio of -135.49, a PEG ratio of 0.81 and a beta of 1.83. The firm has a 50-day moving average price of $74.86 and a two-hundred day moving average price of $71.32. The company has a current ratio of 1.30, a quick ratio of 0.94 and a debt-to-equity ratio of 0.22. Marvell Technology, Inc. has a 1-year low of $47.08 and a 1-year high of $127.48.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.17). Marvell Technology had a negative net margin of 7.56% and a positive return on equity of 8.42%. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Equities analysts predict that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Announces Dividend

The company also recently disclosed 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. The ex-dividend date was Friday, July 11th. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. Marvell Technology's payout ratio is currently -42.11%.

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.