Marvell Technology, Inc. $MRVL Stock Position Reduced by Huntleigh Advisors Inc.

Huntleigh Advisors Inc. lessened its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 5.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 48,300 shares of the semiconductor company’s stock after selling 2,985 shares during the quarter. Huntleigh Advisors Inc.’s holdings in Marvell Technology were worth $3,738,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of MRVL. Nuveen LLC bought a new position in Marvell Technology during the 1st quarter worth approximately $399,587,000. Goldman Sachs Group Inc. lifted 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 worth $1,272,117,000 after purchasing an additional 5,050,159 shares during the last quarter. Impax Asset Management Group plc lifted 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 worth $227,033,000 after purchasing an additional 3,264,557 shares during the last quarter. AQR Capital Management LLC lifted 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 worth $187,566,000 after purchasing an additional 2,710,894 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of Marvell Technology by 48.3% in the 2nd quarter. Nordea Investment Management AB now owns 7,195,669 shares of the semiconductor company’s stock worth $555,650,000 after purchasing an additional 2,344,245 shares during the last quarter. Institutional investors own 83.51% of the company’s stock.

Insider Transactions at Marvell Technology

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

Analyst Upgrades and Downgrades

MRVL has been the topic of several recent research reports. Barclays reissued an “overweight” rating and issued a $80.00 price target on shares of Marvell Technology in a report on Friday, August 29th. Morgan Stanley cut their price target on Marvell Technology from $80.00 to $76.00 and set an “equal weight” rating on the stock in a report on Friday, August 29th. Weiss Ratings reissued a “hold (c-)” rating on shares of Marvell Technology in a report on Wednesday, October 8th. Cowen downgraded Marvell Technology from a “buy” rating to a “hold” rating in a report on Tuesday, September 30th. Finally, Summit Redstone set a $105.00 target price on Marvell Technology in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $93.06.

Marvell Technology Stock Down 0.3%

MRVL opened at $87.95 on Friday. 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 stock has a market cap of $75.82 billion, a P/E ratio of -676.54, a P/E/G ratio of 1.08 and a beta of 1.94. The stock’s 50 day moving average price is $76.56 and its 200 day moving average price is $69.62.

Marvell Technology (NASDAQ:MRVL) last posted its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, meeting the consensus estimate of $0.67. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period last year, the firm earned $0.30 EPS. The firm’s revenue 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, research analysts predict 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 stock repurchase plan on Wednesday, September 24th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to purchase up to 7.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Marvell Technology Announces Dividend

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

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.