Voya Investment Management LLC Has $82.83 Million Stock Position in Marvell Technology, Inc. $MRVL

Key Points

• Voya Investment Management LLC reduced its stake in Marvell Technology by 37.4% to approximately $82.83 million, indicating decreased confidence in the semiconductor company's stock.
• Other institutional investors, including Vanguard Group and Goldman Sachs, increased their holdings, demonstrating continued interest in Marvell Technology.
• Marvell Technology reported earnings of $0.67 per share for the last quarter, meeting analyst expectations, with a notable 57.6% increase in revenue year-over-year.

Voya Investment Management LLC cut its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 37.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,345,345 shares of the semiconductor company's stock after selling 804,405 shares during the quarter. Voya Investment Management LLC owned about 0.16% of Marvell Technology worth $82,833,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Hughes Financial Services LLC acquired a new stake in shares of Marvell Technology in the first quarter valued at about $26,000. Rossby Financial LCC acquired a new stake in shares of Marvell Technology in the first quarter valued at about $27,000. Financial Connections Group Inc. grew its stake in shares of Marvell Technology by 776.0% in the first quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company's stock valued at $27,000 after buying an additional 388 shares in the last quarter. Vision Financial Markets LLC acquired a new stake in shares of Marvell Technology in the first quarter valued at about $28,000. Finally, Security National Bank acquired a new stake in shares of Marvell Technology in the first quarter valued at about $31,000. Institutional investors and hedge funds own 83.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on MRVL shares. Barclays reiterated an "overweight" rating and issued a $80.00 target price on shares of Marvell Technology in a research note on Friday, August 29th. Rosenblatt Securities reduced their price target on Marvell Technology from $124.00 to $95.00 and set a "buy" rating for the company in a report on Friday, August 29th. Susquehanna reduced their price target on Marvell Technology from $110.00 to $90.00 and set a "positive" rating for the company in a report on Tuesday, May 27th. Wall Street Zen raised Marvell Technology from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Wells Fargo & Company reduced their target price on Marvell Technology from $95.00 to $90.00 and set an "overweight" rating on the stock in a report on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $90.50.

Insider Activity

In other news, CAO Panteha Dixon sold 1,283 shares of the company's 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 completion of the sale, the chief accounting officer owned 29,572 shares in the company, valued at $2,025,682. This represents a 4.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Willem A. Meintjes sold 1,500 shares of the company's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $68.52, for a total value of $102,780.00. Following the completion of 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 disclosure for this sale can be found here. Insiders sold a total of 5,783 shares of company stock worth $407,716 over the last 90 days. 0.33% of the stock is currently owned by company insiders.

Marvell Technology Stock Performance

MRVL traded up $0.76 during trading hours on Friday, hitting $67.35. The company's stock had a trading volume of 14,848,046 shares, compared to its average volume of 22,855,902. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week high of $127.48. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $58.06 billion, a PE ratio of -518.08, a PEG ratio of 0.81 and a beta of 1.85. The company has a 50-day simple moving average of $72.57 and a 200 day simple moving average of $67.73.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, meeting the consensus estimate of $0.67. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The firm had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $2.01 billion. During the same period last year, the firm earned $0.30 EPS. The firm's revenue 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. As a group, sell-side analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current year.

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.