Titan Global Capital Management USA LLC Has $1.17 Million Stock Holdings in Marvell Technology, Inc. $MRVL

Key Points

• Titan Global Capital Management USA LLC reduced its holdings in Marvell Technology by 36.1%, now owning 19,074 shares valued at approximately $1.17 million.
• Several institutional investors have increased their stakes in Marvell, with Goldman Sachs increasing its position by 32.3% to own over 20.6 million shares valued at about $1.27 billion.
• Marvell Technology's stock has an average price target of $94.70, with a consensus rating of "Moderate Buy," reflecting positive outlook despite some research firms adjusting their ratings.

Titan Global Capital Management USA LLC lessened its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 36.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 19,074 shares of the semiconductor company's stock after selling 10,777 shares during the period. Titan Global Capital Management USA LLC's holdings in Marvell Technology were worth $1,174,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of MRVL. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Marvell Technology in the 4th quarter valued at $234,000. Dynamic Advisor Solutions LLC lifted its position in Marvell Technology by 5.0% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 4,313 shares of the semiconductor company's stock valued at $266,000 after acquiring an additional 206 shares in the last quarter. Yousif Capital Management LLC lifted its position in Marvell Technology by 8.4% in the 1st quarter. Yousif Capital Management LLC now owns 15,057 shares of the semiconductor company's stock valued at $927,000 after acquiring an additional 1,164 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in 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 valued at $1,272,117,000 after acquiring an additional 5,050,159 shares in the last quarter. Finally, Sargent Investment Group LLC lifted its position in Marvell Technology by 55.7% in the 1st quarter. Sargent Investment Group LLC now owns 13,392 shares of the semiconductor company's stock valued at $825,000 after acquiring an additional 4,792 shares in the last quarter. Institutional investors and hedge funds own 83.51% of the company's stock.

Insider Activity

In other news, CAO Panteha Dixon sold 1,283 shares of the company's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $68.50, for a total value of $87,885.50. Following the sale, the chief accounting officer directly owned 29,572 shares of the company's stock, valued at approximately $2,025,682. This represents a 4.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Willem A. Meintjes sold 1,500 shares of the company's stock in a transaction dated 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 sale, 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. In the last ninety days, insiders have sold 5,783 shares of company stock valued at $407,716. 0.19% of the stock is owned by company insiders.

Analysts Set New Price Targets

MRVL has been the topic of several research reports. Cantor Fitzgerald boosted their price objective on shares of Marvell Technology from $60.00 to $75.00 and gave the company a "neutral" rating in a research report on Wednesday, June 18th. Needham & Company LLC cut shares of Marvell Technology from a "buy" rating to a "cautious" rating in a research report on Wednesday, July 16th. TD Cowen boosted their price objective on shares of Marvell Technology from $60.00 to $70.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Evercore ISI cut their price objective on shares of Marvell Technology from $135.00 to $133.00 and set an "outperform" rating on the stock in a research report on Friday, May 30th. 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 investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $94.70.

Marvell Technology Stock Down 0.0%

Shares of MRVL stock opened at $71.21 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.94 and a current ratio of 1.30. The firm's 50-day moving average is $74.61 and its 200-day moving average is $72.44. The stock has a market cap of $61.51 billion, a price-to-earnings ratio of -124.93, a PEG ratio of 0.77 and a beta of 1.83. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $127.48.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its earnings results on Thursday, May 29th. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.01. The company had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.88 billion. Marvell Technology had a negative net margin of 7.56% and a positive return on equity of 8.42%. Marvell Technology's quarterly revenue was up 63.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 EPS. Marvell Technology has set its Q2 2026 guidance at 0.620-0.720 EPS. Sell-side analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Friday, July 11th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, July 11th. Marvell Technology's dividend payout ratio is presently -42.11%.

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.

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