Marvell Technology, Inc. $MRVL Shares Sold by Candriam S.C.A.

Candriam S.C.A. decreased its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 7.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 896,258 shares of the semiconductor company’s stock after selling 76,493 shares during the period. Candriam S.C.A. owned approximately 0.10% of Marvell Technology worth $75,348,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MRVL. Atlantic Edge Private Wealth Management LLC lifted its holdings in shares of Marvell Technology by 160.0% during the 3rd quarter. Atlantic Edge Private Wealth Management LLC now owns 325 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 200 shares in the last quarter. Kiker Wealth Management LLC raised its position in Marvell Technology by 374.7% in the second quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 281 shares during the period. Nova Wealth Management Inc. lifted its stake in shares of Marvell Technology by 3,922.2% during the third quarter. Nova Wealth Management Inc. now owns 362 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 353 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of Marvell Technology in the second quarter worth about $32,000. Finally, Westside Investment Management Inc. grew its stake in shares of Marvell Technology by 62.5% in the second quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 160 shares in the last quarter. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Mark Casper sold 5,000 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $93.08, for a total transaction of $465,400.00. Following the transaction, the executive vice president directly owned 19,418 shares in the company, valued at $1,807,427.44. This trade represents a 20.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.33% of the company’s stock.

Marvell Technology Price Performance

MRVL opened at $80.32 on Monday. The company has a market capitalization of $68.12 billion, a P/E ratio of 28.18, a PEG ratio of 0.61 and a beta of 1.97. The company has a 50-day moving average of $84.92 and a 200-day moving average of $81.63. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.01. Marvell Technology, Inc. has a 1-year low of $47.08 and a 1-year high of $121.81.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. The business had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The company’s quarterly revenue was up 36.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 earnings per share. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. Equities analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Stockholders of record on Friday, January 9th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Friday, January 9th. Marvell Technology’s payout ratio is 8.42%.

Wall Street Analysts Forecast Growth

MRVL has been the subject of a number of analyst reports. The Goldman Sachs Group upped their price target on Marvell Technology from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. Rosenblatt Securities decreased their target price on shares of Marvell Technology from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. HSBC initiated coverage on shares of Marvell Technology in a report on Monday, November 24th. They set a “hold” rating and a $85.00 price target for the company. B. Riley Financial reiterated a “buy” rating and issued a $130.00 price objective (up previously from $100.00) on shares of Marvell Technology in a report on Wednesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Marvell Technology from $90.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $115.31.

Marvell Technology Profile

Marvell Technology Group is a global semiconductor company that designs and develops integrated circuits and related software for data infrastructure, networking, storage and connectivity markets. The company’s product portfolio includes system-on-chip (SoC) solutions, Ethernet physical-layer transceivers (PHYs), switch and switch silicon, optical interconnect components, storage controllers, and security processors. Marvell’s technology is used to enable high-performance data centers, carrier networks, enterprise and cloud storage, as well as connectivity in automotive and industrial applications.

Founded in 1995 and headquartered in Santa Clara, California, Marvell has grown through both organic development and strategic acquisitions to broaden its capabilities across networking and data interconnect.