The Manufacturers Life Insurance Company Raises Holdings in Marvell Technology, Inc. $MRVL

Key Points

• The Manufacturers Life Insurance Company increased its stake in Marvell Technology by 44.2%, owning approximately 1,951,634 shares worth around $120.16 million after purchasing an additional 598,666 shares.
• Shares of Marvell Technology have dropped by 18.6%, with recent stock prices hovering around $62.87, significantly below their 12-month high of $127.48.
• Marvell reported earnings of $0.67 per share for the recent quarter, meeting expectations, while their revenue increased by 57.6% year-over-year, totaling $2.01 billion.

The Manufacturers Life Insurance Company raised its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 44.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,951,634 shares of the semiconductor company's stock after acquiring an additional 598,666 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.23% of Marvell Technology worth $120,163,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hughes Financial Services LLC purchased a new stake in Marvell Technology during the 1st quarter valued at approximately $26,000. Rossby Financial LCC purchased a new stake in Marvell Technology during the 1st quarter valued at approximately $27,000. Financial Connections Group Inc. raised its stake in Marvell Technology by 776.0% during the 1st quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company's stock valued at $27,000 after acquiring an additional 388 shares during the last quarter. Vision Financial Markets LLC purchased a new stake in Marvell Technology during the 1st quarter valued at approximately $28,000. Finally, Security National Bank purchased a new stake in Marvell Technology during the 1st quarter valued at approximately $31,000. 83.51% of the stock is owned by hedge funds and other institutional investors.

Marvell Technology Price Performance

NASDAQ:MRVL traded up $1.55 during trading hours on Tuesday, reaching $64.42. 29,432,839 shares of the company traded hands, compared to its average volume of 18,873,846. Marvell Technology, Inc. has a 1-year low of $47.08 and a 1-year high of $127.48. The stock has a market cap of $55.64 billion, a P/E ratio of -493.68, a P/E/G ratio of 0.68 and a beta of 1.85. The firm's 50-day moving average is $74.53 and its 200-day moving average is $69.98. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.30 and a quick ratio of 0.94.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, hitting analysts' consensus estimates of $0.67. Marvell Technology had a positive return on equity of 11.02% and a negative net margin of 1.43%.The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the prior year, the company posted $0.30 EPS. The business'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. Equities research analysts expect 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. Shareholders of record on Friday, July 11th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis 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 currently -184.62%.

Analyst Ratings Changes

MRVL has been the topic of several recent analyst reports. Melius cut Marvell Technology from a "buy" rating to a "hold" rating and set a $66.00 target price on the stock. in a research report on Thursday, May 22nd. Benchmark reiterated a "buy" rating and set a $95.00 target price on shares of Marvell Technology in a research report on Friday. Wells Fargo & Company dropped their target price on Marvell Technology from $95.00 to $90.00 and set an "overweight" rating on the stock in a research report on Friday. Needham & Company LLC dropped their target price on Marvell Technology from $85.00 to $80.00 and set a "buy" rating on the stock in a research report on Friday. Finally, Loop Capital dropped their target price on Marvell Technology from $110.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Marvell Technology presently has an average rating of "Moderate Buy" and a consensus target price of $90.50.

Insiders Place Their Bets

In related news, CAO Panteha Dixon sold 1,283 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $68.50, for a total value of $87,885.50. Following the transaction, the chief accounting officer directly owned 29,572 shares of the company's stock, valued at approximately $2,025,682. This trade represents a 4.16% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Mark Casper sold 3,000 shares of the 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 transaction, the executive vice president directly owned 17,163 shares in the company, valued at $1,241,743.05. This trade represents a 14.88% 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 in the last quarter. 0.33% of the stock is currently owned by company insiders.

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.