Zurich Insurance Group Ltd FI Cuts Stake in Marvell Technology, Inc. $MRVL

Zurich Insurance Group Ltd FI lessened its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 41.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 398,590 shares of the semiconductor company’s stock after selling 283,596 shares during the period. Zurich Insurance Group Ltd FI’s holdings in Marvell Technology were worth $24,541,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Chelsea Counsel Co. purchased a new stake in Marvell Technology in the 4th quarter valued at approximately $44,000. Bernard Wealth Management Corp. acquired a new stake in shares of Marvell Technology in the 4th quarter valued at approximately $45,000. Hughes Financial Services LLC purchased a new stake in shares of Marvell Technology in the first quarter valued at approximately $26,000. Financial Connections Group Inc. grew its holdings in Marvell Technology by 776.0% during the first quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 388 shares during the period. Finally, Rossby Financial LCC acquired a new position in Marvell Technology during the first quarter worth $27,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Barclays restated an “overweight” rating and set a $80.00 target price on shares of Marvell Technology in a research report on Friday, August 29th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Marvell Technology from $100.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, May 30th. UBS Group dropped their target price on shares of Marvell Technology from $110.00 to $95.00 and set a “buy” rating for the company in a report on Friday, August 29th. Zacks Research downgraded shares of Marvell Technology from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 26th. Finally, Rosenblatt Securities lowered their price target on Marvell Technology from $124.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Marvell Technology currently has an average rating of “Moderate Buy” and an average price target of $90.50.

Marvell Technology Stock Up 1.3%

MRVL stock opened at $66.84 on Wednesday. The company’s 50 day simple moving average is $73.04 and its 200-day simple moving average is $68.46. The firm has a market capitalization of $57.62 billion, a PE ratio of -514.15, a P/E/G ratio of 0.80 and a beta of 1.85. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month high of $127.48. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.67. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The company’s quarterly revenue was up 57.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Equities analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

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

Insider Activity at Marvell Technology

In other Marvell Technology news, EVP Mark Casper sold 3,000 shares of the firm’s stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $72.35, for a total transaction of $217,050.00. Following the sale, the executive vice president directly owned 17,163 shares of the company’s stock, valued at $1,241,743.05. This trade represents a 14.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Panteha Dixon sold 1,283 shares of Marvell Technology stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $68.50, for a total transaction of $87,885.50. Following the sale, the chief accounting officer owned 29,572 shares of the company’s stock, valued at approximately $2,025,682. This trade represents a 4.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,783 shares of company stock valued at $407,716 over the last quarter. Insiders own 0.33% of the company’s stock.

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.