Marvell Technology, Inc. $MRVL Shares Acquired by Tocqueville Asset Management L.P.

Key Points

• Tocqueville Asset Management L.P. increased its stake in Marvell Technology, acquiring an additional 162,200 shares, totaling approximately 0.06% of the company, valued at $31.6 million.
• Wall Street analysts have mixed ratings on Marvell Technology, with a consensus of 23 buy ratings and a target price averaging $94.70, highlighting its potential for growth.
• Marvell recently declared a quarterly dividend of $0.06 per share, indicating a dividend yield of 0.3% and a negative payout ratio of -42.11%.

Tocqueville Asset Management L.P. boosted its position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 46.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 512,961 shares of the semiconductor company's stock after purchasing an additional 162,200 shares during the period. Tocqueville Asset Management L.P. owned about 0.06% of Marvell Technology worth $31,583,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Hughes Financial Services LLC bought a new stake in Marvell Technology in the first quarter worth $26,000. Rossby Financial LCC purchased a new position in shares of Marvell Technology during the first quarter valued at $27,000. Financial Connections Group Inc. boosted its position in Marvell Technology by 776.0% during the first quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company's stock valued at $27,000 after purchasing an additional 388 shares in the last quarter. Vision Financial Markets LLC bought a new stake in Marvell Technology during the first quarter valued at about $28,000. Finally, Security National Bank acquired a new stake in Marvell Technology in the first quarter worth about $31,000. 83.51% of the stock is currently owned by institutional investors.

Marvell Technology Price Performance

Shares of MRVL traded down $4.67 during trading hours on Tuesday, hitting $72.07. 16,562,142 shares of the stock were exchanged, compared to its average volume of 18,396,980. 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, Inc. has a 12-month low of $47.08 and a 12-month high of $127.48. The company has a market cap of $62.26 billion, a price-to-earnings ratio of -126.44, a price-to-earnings-growth ratio of 0.83 and a beta of 1.83. The stock's 50-day moving average price is $74.45 and its two-hundred day moving average price is $72.74.

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

Marvell Technology Announces Dividend

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

Insider Buying and Selling at Marvell Technology

In other news, CFO Willem A. Meintjes sold 1,500 shares of the company's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $68.52, for a total value of $102,780.00. Following the transaction, the chief financial officer owned 121,348 shares of the company's stock, valued at $8,314,764.96. This represents a 1.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Panteha Dixon sold 1,283 shares of the stock in a transaction dated 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 in the company, valued at approximately $2,025,682. The trade was a 4.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,783 shares of company stock worth $407,716 in the last three months. 0.19% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Wells Fargo & Company decreased their target price on Marvell Technology from $120.00 to $95.00 and set an "overweight" rating for the company in a report on Friday, May 30th. Morgan Stanley reissued an "equal weight" rating on shares of Marvell Technology in a report on Friday, August 8th. Evercore ISI decreased their price target on Marvell Technology from $135.00 to $133.00 and set an "outperform" rating for the company in a report on Friday, May 30th. Cantor Fitzgerald boosted their price target on Marvell Technology from $60.00 to $75.00 and gave the company a "neutral" rating in a report on Wednesday, June 18th. Finally, Bank of America boosted their price target on Marvell Technology from $80.00 to $90.00 and gave the company a "buy" rating in a report on Wednesday, June 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $94.70.

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.