UniSuper Management Pty Ltd Grows Position in Marvell Technology, Inc. $MRVL

UniSuper Management Pty Ltd lifted its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 352.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,113 shares of the semiconductor company's stock after buying an additional 58,513 shares during the period. UniSuper Management Pty Ltd's holdings in Marvell Technology were worth $4,625,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of MRVL. Bank Pictet & Cie Europe AG boosted its position in shares of Marvell Technology by 0.7% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 66,710 shares of the semiconductor company's stock valued at $7,368,000 after buying an additional 460 shares during the last quarter. CoreCap Advisors LLC boosted its position in shares of Marvell Technology by 489.4% during the fourth quarter. CoreCap Advisors LLC now owns 1,886 shares of the semiconductor company's stock valued at $208,000 after buying an additional 1,566 shares during the last quarter. Gotham Asset Management LLC boosted its position in shares of Marvell Technology by 22.7% during the fourth quarter. Gotham Asset Management LLC now owns 78,408 shares of the semiconductor company's stock valued at $8,660,000 after buying an additional 14,480 shares during the last quarter. Hudson Bay Capital Management LP purchased a new stake in shares of Marvell Technology during the fourth quarter valued at $3,040,000. Finally, Light Street Capital Management LLC purchased a new stake in shares of Marvell Technology during the fourth quarter valued at $29,782,000. 83.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on MRVL shares. JPMorgan Chase & Co. dropped their price objective on Marvell Technology from $130.00 to $120.00 and set an "overweight" rating on the stock in a research report on Friday, August 29th. Wall Street Zen downgraded Marvell Technology from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Evercore ISI lowered their target price on Marvell Technology from $133.00 to $122.00 and set an "outperform" rating on the stock in a report on Friday, August 29th. Benchmark reissued a "buy" rating and issued a $95.00 target price on shares of Marvell Technology in a report on Friday, August 29th. Finally, Susquehanna lowered their target price on Marvell Technology from $110.00 to $90.00 and set a "positive" rating on the stock in a report on Tuesday, May 27th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $90.50.

Insider Activity at Marvell Technology

In related news, CFO Willem A. Meintjes sold 1,500 shares of Marvell Technology stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $68.52, for a total transaction of $102,780.00. Following the sale, the chief financial officer owned 121,348 shares of the company's stock, valued at approximately $8,314,764.96. This trade represents a 1.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark Casper sold 3,000 shares of Marvell Technology stock in a transaction that occurred on 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 $1,241,743.05. This trade represents a 14.88% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,783 shares of company stock valued at $407,716. 0.33% of the stock is owned by company insiders.

Marvell Technology Stock Up 4.2%

MRVL stock opened at $66.00 on Tuesday. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve month 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 $56.90 billion, a P/E ratio of -507.69, a PEG ratio of 0.77 and a beta of 1.85. The business's 50-day moving average price is $73.23 and its 200-day moving average price is $68.47.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, meeting analysts' consensus estimates of $0.67. The firm had revenue of $2.01 billion for 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 business's quarterly revenue was up 57.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, equities research analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Friday, July 11th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Friday, July 11th. Marvell Technology's dividend payout ratio (DPR) is -184.62%.

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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