Marvell Technology, Inc. $MRVL Shares Acquired by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS AM increased its stake in Marvell Technology, Inc. by 4.9%, owning approximately 7,702,611 shares valued at $474.25 million as of its latest SEC filing.
• Marvell Technology's revenue for the last quarter was $2.01 billion, a 57.6% year-over-year increase, with earnings per share matching consensus estimates at $0.67.
• The company announced a quarterly dividend of $0.06 per share, representing a 0.4% dividend yield and a payout ratio of -184.62%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 4.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,702,611 shares of the semiconductor company's stock after purchasing an additional 362,409 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.89% of Marvell Technology worth $474,250,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hughes Financial Services LLC acquired a new stake in Marvell Technology during the 1st quarter worth approximately $26,000. Rossby Financial LCC purchased a new position in Marvell Technology during the 1st quarter valued at about $27,000. Financial Connections Group Inc. boosted its stake in shares of Marvell Technology by 776.0% during the 1st quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 388 shares during the last quarter. Vision Financial Markets LLC acquired a new stake in shares of Marvell Technology in the first quarter worth approximately $28,000. Finally, Security National Bank acquired a new position in Marvell Technology during the first quarter valued at approximately $31,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Marvell Technology Trading Down 0.8%

Marvell Technology stock traded down $0.51 during trading hours on Thursday, hitting $66.59. The stock had a trading volume of 13,805,513 shares, compared to its average volume of 22,583,890. Marvell Technology, Inc. has a one year low of $47.08 and a one year high of $127.48. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. The stock has a market cap of $57.41 billion, a price-to-earnings ratio of -512.23, a P/E/G ratio of 0.81 and a beta of 1.85. The business's 50 day simple moving average is $72.72 and its 200-day simple moving average is $68.23.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, meeting analysts' consensus estimates of $0.67. The firm had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2.01 billion. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The company's revenue for the quarter was up 57.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, equities analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Friday, July 11th were paid a $0.06 dividend. 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 payout ratio is -184.62%.

Insider Activity

In other 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 transaction of $87,885.50. Following the transaction, the chief accounting officer directly owned 29,572 shares of the company's stock, valued at $2,025,682. This represents a 4.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark Casper sold 3,000 shares of the firm's stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $72.35, for a total value of $217,050.00. Following the sale, the executive vice president directly owned 17,163 shares in the company, valued at approximately $1,241,743.05. This represents a 14.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,783 shares of company stock valued at $407,716. Insiders own 0.19% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on MRVL. Evercore ISI dropped their price target on shares of Marvell Technology from $133.00 to $122.00 and set an "outperform" rating for the company in a research note on Friday, August 29th. Piper Sandler reiterated an "overweight" rating and issued a $85.00 price target (down from $95.00) on shares of Marvell Technology in a research report on Friday, May 30th. Barclays reiterated an "overweight" rating and issued a $80.00 target price on shares of Marvell Technology in a report on Friday, August 29th. Loop Capital decreased their price objective on shares of Marvell Technology from $110.00 to $90.00 and set a "buy" rating for the company in a report on Friday, May 30th. Finally, Melius downgraded shares of Marvell Technology from a "buy" rating to a "hold" rating and set a $66.00 price objective for the company. in a report on Thursday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Marvell Technology currently has an average rating of "Moderate Buy" and a consensus price target of $90.50.

Marvell Technology Company 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.