Woodline Partners LP Sells 479,252 Shares of Marvell Technology, Inc. $MRVL

Key Points

• Woodline Partners LP has significantly reduced its stake in Marvell Technology, selling 479,252 shares, which is a decrease of 75.5% from its previous holdings.
• Marvell's quarterly earnings reported EPS of $0.67, aligning with analysts' expectations, while revenue rose by 57.6% year-over-year to $2.01 billion.
• Analyst ratings for Marvell Technology vary, with a consensus of "Moderate Buy" and an average price target of $90.50, despite some reductions in target prices by firms like Morgan Stanley.

Woodline Partners LP decreased its position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 75.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 155,126 shares of the semiconductor company's stock after selling 479,252 shares during the period. Woodline Partners LP's holdings in Marvell Technology were worth $9,551,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in Marvell Technology in the 4th quarter valued at approximately $234,000. Dynamic Advisor Solutions LLC raised its holdings in Marvell Technology by 5.0% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 4,313 shares of the semiconductor company's stock valued at $266,000 after acquiring an additional 206 shares in the last quarter. Integrated Wealth Concepts LLC raised its holdings in Marvell Technology by 90.1% in the 1st quarter. Integrated Wealth Concepts LLC now owns 19,320 shares of the semiconductor company's stock valued at $1,190,000 after acquiring an additional 9,155 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Marvell Technology in the 1st quarter valued at approximately $501,000. Finally, Yousif Capital Management LLC raised its holdings in Marvell Technology by 8.4% in the 1st quarter. Yousif Capital Management LLC now owns 15,057 shares of the semiconductor company's stock valued at $927,000 after acquiring an additional 1,164 shares in the last quarter. Institutional investors and hedge funds own 83.51% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on MRVL shares. Morgan Stanley cut their price target on Marvell Technology from $80.00 to $76.00 and set an "equal weight" rating for the company in a report on Friday, August 29th. Melius Research upped their price target on Marvell Technology from $67.00 to $76.00 and gave the company a "hold" rating in a report on Wednesday, June 18th. Cantor Fitzgerald reissued a "neutral" rating and issued a $75.00 target price on shares of Marvell Technology in a report on Friday, August 29th. Melius cut Marvell Technology from a "buy" rating to a "hold" rating and set a $66.00 target price for the company. in a report on Thursday, May 22nd. Finally, BNP Paribas raised Marvell Technology to a "strong-buy" rating in a report on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $90.50.

Insider Activity

In other news, EVP Mark Casper sold 3,000 shares of Marvell Technology stock in a transaction on Friday, July 18th. The stock was sold at an average price of $72.35, for a total value of $217,050.00. Following the completion of the sale, the executive vice president directly owned 17,163 shares of the company's stock, valued at approximately $1,241,743.05. This trade represents a 14.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Willem A. Meintjes sold 1,500 shares of Marvell Technology 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 directly owned 121,348 shares of the company's stock, valued at $8,314,764.96. This trade represents a 1.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,783 shares of company stock valued at $407,716. Company insiders own 0.19% of the company's stock.

Marvell Technology Trading Down 0.8%

MRVL stock opened at $66.59 on Friday. The business has a fifty day moving average price of $72.72 and a 200 day moving average price of $68.23. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week high of $127.48. The stock has a market capitalization 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 company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, meeting analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $2.01 billion. During the same period last year, the firm posted $0.30 EPS. The business's revenue was up 57.6% on a year-over-year basis. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

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.

Want to see what other hedge funds are holding MRVL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marvell Technology, Inc. (NASDAQ:MRVL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.