Marvell Technology, Inc. $MRVL Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP has significantly reduced its stake in Marvell Technology, lowering its holdings by 68.1% in Q1, leaving it with a position valued at approximately $244.67 million.
• Institutions collectively own 83.51% of Marvell Technology's stock, with notable increases in holdings by Vanguard Group and Goldman Sachs during the same period.
• Marvell Technology reported a 63.3% year-over-year revenue increase, posting $1.90 billion in revenue for the latest quarter, along with an EPS of $0.62.

Wellington Management Group LLP decreased its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 68.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,973,793 shares of the semiconductor company's stock after selling 8,468,509 shares during the period. Wellington Management Group LLP owned 0.46% of Marvell Technology worth $244,666,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Marvell Technology in the fourth quarter worth $234,000. Dynamic Advisor Solutions LLC raised its holdings in shares of Marvell Technology by 5.0% in the first quarter. Dynamic Advisor Solutions LLC now owns 4,313 shares of the semiconductor company's stock worth $266,000 after buying an additional 206 shares during the last quarter. Yousif Capital Management LLC raised its holdings in shares of Marvell Technology by 8.4% in the first quarter. Yousif Capital Management LLC now owns 15,057 shares of the semiconductor company's stock worth $927,000 after buying an additional 1,164 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Marvell Technology by 32.3% in the first quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company's stock worth $1,272,117,000 after buying an additional 5,050,159 shares during the last quarter. Finally, Sargent Investment Group LLC raised its holdings in shares of Marvell Technology by 55.7% in the first quarter. Sargent Investment Group LLC now owns 13,392 shares of the semiconductor company's stock worth $825,000 after buying an additional 4,792 shares during the last quarter. Hedge funds and other institutional investors own 83.51% of the company's stock.

Marvell Technology Price Performance

NASDAQ MRVL traded up $1.79 during trading hours on Friday, hitting $73.00. 14,399,279 shares of the company's stock traded hands, compared to its average volume of 16,045,754. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $127.48. The company has a market capitalization of $63.06 billion, a PE ratio of -128.07, a PEG ratio of 0.77 and a beta of 1.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.30 and a quick ratio of 0.94. The firm's 50-day moving average is $74.72 and its 200-day moving average is $72.18.

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

Marvell Technology Announces Dividend

The firm also recently disclosed 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 0.3%. The ex-dividend date of this dividend was Friday, July 11th. Marvell Technology's dividend payout ratio is currently -42.11%.

Analysts Set New Price Targets

MRVL has been the subject of a number of research analyst reports. Redburn Atlantic initiated coverage on shares of Marvell Technology in a report on Wednesday, May 28th. They issued a "neutral" rating and a $67.00 price target for the company. Melius lowered shares of Marvell Technology from a "buy" rating to a "hold" rating and set a $66.00 price objective on the stock. in a research note on Thursday, May 22nd. Melius Research increased their price objective on shares of Marvell Technology from $67.00 to $76.00 and gave the stock a "hold" rating in a research note on Wednesday, June 18th. Cantor Fitzgerald lifted their price objective on shares of Marvell Technology from $60.00 to $75.00 and gave the company a "neutral" rating in a report on Wednesday, June 18th. Finally, Evercore ISI cut their price objective on shares of Marvell Technology from $135.00 to $133.00 and set an "outperform" rating for the company in a report on Friday, May 30th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $94.70.

Insider Activity at Marvell Technology

In other Marvell Technology news, CAO Panteha Dixon sold 1,283 shares of the business'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 transaction, the chief accounting officer directly owned 29,572 shares in the company, valued at $2,025,682. The trade was a 4.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Mark Casper sold 3,000 shares of the business's stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $72.35, for a total transaction of $217,050.00. Following the completion of the transaction, the executive vice president owned 17,163 shares in the company, valued at $1,241,743.05. The trade was 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. Corporate insiders own 0.19% of the company's stock.

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.