Voya Investment Management LLC Cuts Position in Marvell Technology, Inc. $MRVL

Voya Investment Management LLC decreased its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 92.9% during the third quarter, HoldingsChannel reports. The firm owned 56,367 shares of the semiconductor company’s stock after selling 736,664 shares during the period. Voya Investment Management LLC’s holdings in Marvell Technology were worth $4,739,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MRVL. Norges Bank bought a new position in shares of Marvell Technology during the 2nd quarter valued at about $716,713,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in Marvell Technology by 4,758.5% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,036,216 shares of the semiconductor company’s stock worth $544,603,000 after buying an additional 6,891,393 shares during the last quarter. Amundi boosted its stake in Marvell Technology by 113.4% in the second quarter. Amundi now owns 8,648,350 shares of the semiconductor company’s stock worth $642,140,000 after buying an additional 4,596,309 shares in the last quarter. Franklin Resources Inc. grew its position in Marvell Technology by 112.4% during the second quarter. Franklin Resources Inc. now owns 8,097,620 shares of the semiconductor company’s stock valued at $626,756,000 after acquiring an additional 4,285,330 shares during the last quarter. Finally, Aspex Management HK Ltd purchased a new position in shares of Marvell Technology during the second quarter worth approximately $324,736,000. Institutional investors own 83.51% of the company’s stock.

Insider Activity at Marvell Technology

In related news, EVP Mark Casper sold 1,253 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $101.00, for a total transaction of $126,553.00. Following the completion of the transaction, the executive vice president owned 9,023 shares in the company, valued at $911,323. This represents a 12.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.19% of the stock is currently owned by corporate insiders.

Marvell Technology Price Performance

MRVL stock opened at $86.64 on Friday. The stock has a market capitalization of $73.48 billion, a price-to-earnings ratio of 30.40, a PEG ratio of 0.84 and a beta of 1.93. The firm’s 50-day moving average price is $87.58 and its two-hundred day moving average price is $79.48. The company has a current ratio of 2.01, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $127.48.

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

Marvell Technology declared that its Board of Directors has approved a stock buyback program on Wednesday, September 24th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the semiconductor company to purchase up to 7.8% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

Marvell Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 29th. Stockholders of record on Friday, January 9th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. Marvell Technology’s payout ratio is 8.42%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MRVL. Piper Sandler set a $110.00 price objective on shares of Marvell Technology in a report on Wednesday, December 3rd. Barclays lifted their target price on shares of Marvell Technology from $80.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 3rd. Stifel Nicolaus upped their price target on shares of Marvell Technology from $95.00 to $114.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Raymond James Financial initiated coverage on Marvell Technology in a research note on Thursday, November 20th. They set a “strong-buy” rating and a $121.00 price objective on the stock. Finally, B. Riley 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. Four research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and fourteen have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $111.25.

Marvell Technology Company 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.