Caisse DE Depot ET Placement DU Quebec Lowers Position in Marvell Technology, Inc. $MRVL

Caisse DE Depot ET Placement DU Quebec trimmed its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 45.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,601 shares of the semiconductor company’s stock after selling 84,126 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Marvell Technology were worth $6,132,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in MRVL. Nuveen Asset Management LLC raised its stake in shares of Marvell Technology by 232.2% during the 4th quarter. Nuveen Asset Management LLC now owns 9,360,425 shares of the semiconductor company’s stock worth $1,033,859,000 after buying an additional 6,543,132 shares during the period. Nuveen LLC acquired a new position in shares of Marvell Technology during the 1st quarter worth approximately $399,587,000. Goldman Sachs Group Inc. raised its stake in shares of Marvell Technology by 32.3% during the 1st 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 period. Impax Asset Management Group plc raised its stake in shares of Marvell Technology by 748.3% during the 1st quarter. Impax Asset Management Group plc now owns 3,700,841 shares of the semiconductor company’s stock worth $227,033,000 after buying an additional 3,264,557 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in shares of Marvell Technology by 8,128.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,460,851 shares of the semiconductor company’s stock worth $151,515,000 after buying an additional 2,430,945 shares during the period. 83.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Benchmark reaffirmed a “buy” rating and set a $95.00 target price on shares of Marvell Technology in a research note on Wednesday, June 18th. Melius Research raised their price objective on Marvell Technology from $67.00 to $76.00 and gave the company a “hold” rating in a report on Wednesday, June 18th. B. Riley restated a “buy” rating and issued a $115.00 price objective (up previously from $110.00) on shares of Marvell Technology in a report on Wednesday, June 18th. Needham & Company LLC lowered Marvell Technology from a “buy” rating to a “cautious” rating in a report on Wednesday, July 16th. Finally, Bank of America raised their price objective on Marvell Technology from $80.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, June 18th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $94.70.

Marvell Technology Stock Up 3.3%

Shares of MRVL opened at $77.23 on Friday. 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 $66.71 billion, a PE ratio of -135.49, a price-to-earnings-growth ratio of 0.81 and a beta of 1.83. The stock has a fifty day simple moving average of $74.90 and a two-hundred day simple moving average of $71.08. The company has a quick ratio of 0.94, a current ratio of 1.30 and a debt-to-equity ratio of 0.22.

Marvell Technology (NASDAQ:MRVL) last issued its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.67. Marvell Technology had a positive return on equity of 8.42% and a negative net margin of 7.56%.The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period last year, the company earned $0.30 EPS. The company’s revenue for the quarter was up 57.6% on a year-over-year basis. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, equities analysts forecast 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. Shareholders of record on Friday, July 11th were given a $0.06 dividend. The ex-dividend date was Friday, July 11th. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. Marvell Technology’s payout ratio is currently -42.11%.

Insider Buying and Selling at Marvell Technology

In other news, CAO Panteha Dixon sold 1,283 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $68.50, for a total transaction of $87,885.50. Following the completion of the transaction, the chief accounting officer directly owned 29,572 shares in the company, valued at approximately $2,025,682. This represents a 4.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mark Casper sold 3,000 shares of the 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 transaction, the executive vice president owned 17,163 shares of the company’s stock, valued at approximately $1,241,743.05. This represents a 14.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,783 shares of company stock worth $407,716 over the last quarter. 0.19% of the stock is currently owned by company insiders.

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.