Voya Investment Management LLC Reduces Stock Holdings in Marvell Technology, Inc. $MRVL

Voya Investment Management LLC reduced its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 92.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,367 shares of the semiconductor company’s stock after selling 736,664 shares during the quarter. Voya Investment Management LLC’s holdings in Marvell Technology were worth $4,739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in MRVL. Sheets Smith Investment Management bought a new position in shares of Marvell Technology during the 3rd quarter worth $1,953,000. Hilltop National Bank lifted its holdings in Marvell Technology by 3,239.5% during the third quarter. Hilltop National Bank now owns 20,705 shares of the semiconductor company’s stock valued at $1,741,000 after purchasing an additional 20,085 shares during the last quarter. Country Club Bank boosted its position in Marvell Technology by 71.2% during the third quarter. Country Club Bank now owns 110,187 shares of the semiconductor company’s stock worth $9,078,000 after purchasing an additional 45,824 shares during the period. Carr Financial Group Corp bought a new position in Marvell Technology during the third quarter worth about $210,000. Finally, Accel Wealth Management purchased a new position in shares of Marvell Technology in the third quarter worth about $325,000. 83.51% of the stock is currently owned by institutional investors.

Marvell Technology Trading Down 1.2%

Shares of MRVL stock opened at $86.64 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.01. 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 $73.48 billion, a PE ratio of 30.40, a price-to-earnings-growth ratio of 0.84 and a beta of 1.93. The business’s fifty day moving average is $87.58 and its 200 day moving average is $79.48.

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

Marvell Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 29th. Stockholders of record on Friday, January 9th will be issued 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 presently 8.42%.

Marvell Technology announced that its board has authorized a stock buyback plan on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to buy up to 7.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages recently commented on MRVL. B. Riley restated a “buy” rating and set a $130.00 price target (up from $100.00) on shares of Marvell Technology in a research note on Wednesday, December 3rd. Citigroup reissued a “buy” rating on shares of Marvell Technology in a report on Monday. Raymond James Financial began coverage on Marvell Technology in a report on Thursday, November 20th. They issued a “strong-buy” rating and a $121.00 price target for the company. UBS Group set a $100.00 price target on Marvell Technology in a research report on Wednesday, December 3rd. Finally, The Goldman Sachs Group increased their price objective on Marvell Technology from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. Four analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $111.25.

Insider Buying and Selling at Marvell Technology

In related news, EVP Mark Casper sold 1,253 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $101.00, for a total value of $126,553.00. Following the sale, the executive vice president directly owned 9,023 shares of the company’s stock, valued at $911,323. This trade represents a 12.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.19% of the company’s stock.

About Marvell Technology

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.