Envestnet Portfolio Solutions Inc. Has $4.14 Million Stake in Marvell Technology, Inc. $MRVL

Envestnet Portfolio Solutions Inc. trimmed its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 5.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,432 shares of the semiconductor company’s stock after selling 3,286 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Marvell Technology were worth $4,136,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Marvell Technology by 1.9% in the first quarter. Vanguard Group Inc. now owns 63,770,122 shares of the semiconductor company’s stock valued at $3,926,326,000 after purchasing an additional 1,212,338 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Marvell Technology by 32.3% in the first 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. Brown Advisory Inc. raised its stake in shares of Marvell Technology by 2.2% in the first quarter. Brown Advisory Inc. now owns 19,300,527 shares of the semiconductor company’s stock valued at $1,188,333,000 after purchasing an additional 423,892 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Marvell Technology by 2.6% in the first quarter. Ameriprise Financial Inc. now owns 8,942,304 shares of the semiconductor company’s stock valued at $562,991,000 after purchasing an additional 227,555 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its stake in shares of Marvell Technology by 6.7% in the first quarter. Pictet Asset Management Holding SA now owns 7,776,196 shares of the semiconductor company’s stock valued at $478,794,000 after purchasing an additional 488,610 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Marvell Technology Price Performance

Marvell Technology stock opened at $88.89 on Thursday. The business’s 50-day simple moving average is $76.10 and its 200 day simple moving average is $69.26. The stock has a market cap of $76.63 billion, a price-to-earnings ratio of -683.77, a P/E/G ratio of 1.05 and a beta of 1.94. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $127.48. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.67. The business 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 firm’s quarterly revenue was up 57.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, research analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology declared that its Board of Directors has initiated a share buyback program 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 programs are typically an indication that the company’s management believes its shares are undervalued.

Marvell Technology Announces Dividend

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

Insider Activity

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 stock was sold at an average price of $72.35, for a total transaction of $217,050.00. Following the transaction, the executive vice president owned 17,163 shares in the company, valued at approximately $1,241,743.05. This trade represents a 14.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Chris Koopmans bought 6,800 shares of Marvell Technology stock in a transaction on Thursday, September 25th. The shares were bought at an average price of $78.03 per share, for a total transaction of $530,604.00. Following the acquisition, the chief operating officer owned 104,825 shares of the company’s stock, valued at approximately $8,179,494.75. The trade was a 6.94% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 27,200 shares of company stock valued at $2,109,632. Insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

MRVL has been the subject of a number of recent research reports. Cowen lowered Marvell Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, September 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Marvell Technology in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft increased their price objective on Marvell Technology from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, September 25th. Needham & Company LLC increased their price objective on Marvell Technology from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, September 25th. Finally, Roth Capital reiterated a “buy” rating on shares of Marvell Technology in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $93.06.

About Marvell Technology

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.