Pallas Capital Advisors LLC Sells 7,460 Shares of Marvell Technology, Inc. $MRVL

Pallas Capital Advisors LLC lowered its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 9.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,375 shares of the semiconductor company’s stock after selling 7,460 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Marvell Technology were worth $5,447,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MRVL. Nuveen LLC bought a new stake in shares of Marvell Technology in the 1st quarter valued at $399,587,000. Goldman Sachs Group Inc. increased its stake in shares of Marvell Technology by 32.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company’s stock valued at $1,272,117,000 after acquiring an additional 5,050,159 shares in the last quarter. Impax Asset Management Group plc increased its stake in shares of Marvell Technology by 748.3% in the 1st quarter. Impax Asset Management Group plc now owns 3,700,841 shares of the semiconductor company’s stock valued at $227,033,000 after acquiring an additional 3,264,557 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Marvell Technology by 662.9% in the 1st quarter. AQR Capital Management LLC now owns 3,119,855 shares of the semiconductor company’s stock valued at $187,566,000 after acquiring an additional 2,710,894 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of Marvell Technology by 8,128.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 2,460,851 shares of the semiconductor company’s stock valued at $151,515,000 after acquiring an additional 2,430,945 shares in the last quarter. Institutional investors own 83.51% of the company’s stock.

Insider Transactions at Marvell Technology

In related news, EVP Mark Casper sold 3,000 shares of the business’s stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $72.35, for a total value of $217,050.00. Following the sale, the executive vice president directly owned 17,163 shares in the company, valued at approximately $1,241,743.05. The trade was a 14.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. BNP Paribas upgraded shares of Marvell Technology to a “strong-buy” rating in a research note on Friday, August 29th. Bank of America reissued a “neutral” rating and issued a $78.00 price target (down previously from $90.00) on shares of Marvell Technology in a research report on Friday, August 29th. UBS Group reduced their price target on shares of Marvell Technology from $110.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, August 29th. B. Riley reissued a “buy” rating and issued a $115.00 price target (up previously from $110.00) on shares of Marvell Technology in a research report on Wednesday, June 18th. Finally, TD Cowen lifted their price target on shares of Marvell Technology from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, May 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.50.

Marvell Technology Trading Up 2.1%

NASDAQ MRVL opened at $68.86 on Wednesday. The stock has a market capitalization of $59.36 billion, a price-to-earnings ratio of -529.69, a PEG ratio of 0.81 and a beta of 1.85. 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 0.30, a current ratio of 1.88 and a quick ratio of 1.44. The business’s fifty day moving average is $72.42 and its 200-day moving average is $67.57.

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

Marvell Technology Company 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.