T. Rowe Price Investment Management Inc. Sells 3,885,921 Shares of Marvell Technology, Inc. $MRVL

T. Rowe Price Investment Management Inc. trimmed its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 18.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,244,465 shares of the semiconductor company’s stock after selling 3,885,921 shares during the quarter. Marvell Technology comprises about 0.7% of T. Rowe Price Investment Management Inc.’s investment portfolio, making the stock its 29th biggest position. T. Rowe Price Investment Management Inc.’s holdings in Marvell Technology were worth $1,061,742,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Hughes Financial Services LLC bought a new stake in shares of Marvell Technology in the first quarter worth about $26,000. Rossby Financial LCC bought a new stake in shares of Marvell Technology in the first quarter worth about $27,000. Financial Connections Group Inc. increased its holdings in shares of Marvell Technology by 776.0% in the first quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 388 shares during the last quarter. Vision Financial Markets LLC bought a new stake in shares of Marvell Technology in the first quarter worth about $28,000. Finally, Security National Bank bought a new stake in shares of Marvell Technology in the first quarter worth about $31,000. 83.51% of the stock is owned by institutional investors.

Marvell Technology Trading Down 6.1%

MRVL opened at $72.07 on Wednesday. The stock has a market cap of $62.26 billion, a price-to-earnings ratio of -126.44, a P/E/G ratio of 0.83 and a beta of 1.83. The stock’s 50 day moving average price is $74.52 and its 200-day moving average price is $72.74. Marvell Technology, Inc. has a one year low of $47.08 and a one year high of $127.48. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.94 and a current ratio of 1.30.

Marvell Technology (NASDAQ:MRVL) last released its earnings results on Thursday, May 29th. The semiconductor company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Marvell Technology had a positive return on equity of 8.42% and a negative net margin of 7.56%.The company’s quarterly revenue was up 63.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 earnings per share. Marvell Technology has set its Q2 2026 guidance at 0.620-0.720 EPS. On average, 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. Stockholders of record on Friday, July 11th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, July 11th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. Marvell Technology’s dividend payout ratio is currently -42.11%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wells Fargo & Company reduced their price objective on Marvell Technology from $120.00 to $95.00 and set an “overweight” rating on the stock in a research note on Friday, May 30th. Bank of America boosted their price objective on Marvell Technology from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, June 18th. Rosenblatt Securities reissued a “buy” rating and set a $124.00 price objective on shares of Marvell Technology in a research note on Wednesday, June 18th. Cantor Fitzgerald boosted their price objective on Marvell Technology from $60.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 18th. Finally, Melius Research boosted their price objective on Marvell Technology from $67.00 to $76.00 and gave the stock a “hold” rating in a research note on Wednesday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $94.70.

Insider Activity

In related news, CAO Panteha Dixon sold 1,283 shares of the business’s stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $68.50, for a total value of $87,885.50. Following the completion of the sale, the chief accounting officer owned 29,572 shares in the company, valued at approximately $2,025,682. The trade was a 4.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark Casper sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, July 18th. The shares were 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 owned 17,163 shares of the company’s stock, valued at $1,241,743.05. The trade was a 14.88% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,783 shares of company stock valued at $407,716. 0.33% of the stock is currently owned by insiders.

Marvell Technology 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.