Select Equity Group L.P. Acquires 37,818 Shares of Marvell Technology, Inc. $MRVL

Select Equity Group L.P. increased its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 135.7% during the first quarter, HoldingsChannel reports. The firm owned 65,686 shares of the semiconductor company’s stock after buying an additional 37,818 shares during the period. Select Equity Group L.P.’s holdings in Marvell Technology were worth $4,044,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Marvell Technology during the fourth quarter valued at $234,000. Dynamic Advisor Solutions LLC increased its position in Marvell Technology by 5.0% during the first 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 during the last quarter. Yousif Capital Management LLC increased its position in Marvell Technology by 8.4% during the first 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 during the last quarter. Credit Agricole S A increased its position in Marvell Technology by 27.7% during the first quarter. Credit Agricole S A now owns 585,947 shares of the semiconductor company’s stock valued at $36,077,000 after acquiring an additional 127,169 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Marvell Technology by 32.3% during the first quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company’s stock valued at $1,272,117,000 after acquiring an additional 5,050,159 shares during the last quarter. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Marvell Technology Stock Performance

Shares of MRVL opened at $63.33 on Monday. 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 business has a 50-day simple moving average of $73.45 and a two-hundred day simple moving average of $68.73. The stock has a market cap of $54.60 billion, a price-to-earnings ratio of -487.15, a PEG ratio of 0.77 and a beta of 1.85. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $127.48.

Marvell Technology (NASDAQ:MRVL) last released its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, hitting 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 during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter last year, the business posted $0.30 earnings per share. The firm’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. On average, analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

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

Insider Buying and Selling

In related news, EVP Mark Casper sold 3,000 shares of the stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $72.35, for a total transaction of $217,050.00. Following the completion of the sale, the executive vice president owned 17,163 shares in the company, valued at approximately $1,241,743.05. This trade represents a 14.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Panteha Dixon sold 1,283 shares of the stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $68.50, for a total value of $87,885.50. Following the sale, the chief accounting officer owned 29,572 shares of the company’s stock, valued at $2,025,682. This represents a 4.16% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,783 shares of company stock worth $407,716. 0.33% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently commented on the company. Susquehanna reduced their price objective on Marvell Technology from $110.00 to $90.00 and set a “positive” rating for the company in a research report on Tuesday, May 27th. Barclays reiterated an “overweight” rating and set a $80.00 price objective on shares of Marvell Technology in a research report on Friday, August 29th. Piper Sandler reiterated an “overweight” rating and set a $85.00 price objective (down previously from $95.00) on shares of Marvell Technology in a research report on Friday, May 30th. Wells Fargo & Company reduced their price target on Marvell Technology from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, August 29th. Finally, UBS Group reduced their price target on Marvell Technology from $110.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, August 29th. 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 given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $90.50.

About Marvell Technology

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.