Marvell Technology, Inc. $MRVL Shares Bought by REAP Financial Group LLC

REAP Financial Group LLC boosted its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 253.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 833 shares of the semiconductor company’s stock after buying an additional 597 shares during the quarter. REAP Financial Group LLC’s holdings in Marvell Technology were worth $64,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in MRVL. Nuveen LLC acquired a new stake in Marvell Technology during the 1st quarter worth approximately $399,587,000. Goldman Sachs Group Inc. raised its holdings 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 purchasing an additional 5,050,159 shares in the last quarter. Impax Asset Management Group plc raised its holdings 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 purchasing an additional 3,264,557 shares in the last quarter. AQR Capital Management LLC raised its holdings 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 purchasing an additional 2,710,894 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings 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 purchasing an additional 2,430,945 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Marvell Technology

In other Marvell Technology news, CEO Matthew J. Murphy acquired 13,600 shares of the stock in a transaction on Thursday, September 25th. The shares were bought at an average cost of $77.09 per share, with a total value of $1,048,424.00. Following the transaction, the chief executive officer owned 268,637 shares of the company’s stock, valued at approximately $20,709,226.33. This trade represents a 5.33% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Willem A. Meintjes acquired 3,400 shares of the stock in a transaction on Thursday, September 25th. The shares were acquired at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the completion of the transaction, the chief financial officer directly owned 132,159 shares in the company, valued at $10,312,366.77. The trade was a 2.64% increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 27,200 shares of company stock worth $2,109,632 in the last three months. Company insiders own 0.19% of the company’s stock.

Marvell Technology Price Performance

Shares of NASDAQ:MRVL opened at $92.50 on Thursday. The company’s fifty day moving average price is $74.95 and its 200 day moving average price is $68.55. 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. The firm has a market capitalization of $79.74 billion, a P/E ratio of -711.54, a P/E/G ratio of 1.06 and a beta of 1.94.

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

Marvell Technology declared that its Board of Directors has initiated a stock buyback program on Wednesday, September 24th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to repurchase up to 7.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Marvell Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Friday, October 10th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, October 10th. Marvell Technology’s dividend payout ratio (DPR) is presently -184.62%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MRVL. Weiss Ratings restated a “hold (c-)” rating on shares of Marvell Technology in a report on Wednesday. TD Cowen restated a “hold” rating and issued a $85.00 price objective (down from $90.00) on shares of Marvell Technology in a report on Wednesday, October 1st. Oppenheimer restated an “outperform” rating and issued a $95.00 price objective on shares of Marvell Technology in a report on Friday, August 29th. Jefferies Financial Group reduced their price objective on shares of Marvell Technology from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, August 29th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Marvell Technology from $130.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Marvell Technology has an average rating of “Moderate Buy” and a consensus price target of $91.67.

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.