DekaBank Deutsche Girozentrale Has $49.17 Million Position in Marvell Technology, Inc. $MRVL

DekaBank Deutsche Girozentrale increased its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 26.6% during the 2nd quarter, Holdings Channel reports. The fund owned 628,869 shares of the semiconductor company’s stock after acquiring an additional 132,038 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Marvell Technology were worth $49,166,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MRVL. Hughes Financial Services LLC bought a new position in shares of Marvell Technology in the 1st quarter worth $26,000. Rossby Financial LCC acquired a new position in Marvell Technology during the first quarter worth $27,000. Financial Connections Group Inc. lifted its stake in shares of Marvell Technology by 776.0% in the first quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 388 shares in the last quarter. Game Plan Financial Advisors LLC acquired a new position in shares of Marvell Technology during the second quarter valued at about $27,000. Finally, Vision Financial Markets LLC acquired a new position in Marvell Technology during the 1st quarter valued at about $28,000. 83.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Marvell Technology

In other news, CFO Willem A. Meintjes bought 3,400 shares of the stock in a transaction on Thursday, September 25th. The shares were purchased at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the completion of the purchase, the chief financial officer directly owned 132,159 shares in the company, valued at $10,312,366.77. This represents a 2.64% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Chris Koopmans acquired 6,800 shares of the stock in a transaction that occurred on Thursday, September 25th. The stock was purchased at an average price of $78.03 per share, for a total transaction of $530,604.00. Following the completion of the purchase, the chief operating officer directly owned 104,825 shares in the company, valued at $8,179,494.75. This trade represents a 6.94% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 27,200 shares of company stock worth $2,109,632. Company insiders own 0.33% of the company’s stock.

Marvell Technology Trading Down 1.8%

Shares of Marvell Technology stock opened at $84.26 on Wednesday. The firm has a market cap of $72.64 billion, a PE ratio of -648.15, a P/E/G ratio of 1.05 and a beta of 1.94. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 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 stock has a fifty day moving average price of $76.86 and a 200-day moving average price of $70.12.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, meeting 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 company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the prior year, the business earned $0.30 earnings per share. The firm’s revenue for the quarter was up 57.6% on a year-over-year basis. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Equities research analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current year.

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

Marvell Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Friday, October 10th will be paid 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 presently -184.62%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MRVL. TD Cowen reissued a “hold” rating and issued a $85.00 price objective (down from $90.00) on shares of Marvell Technology in a research note on Wednesday, October 1st. Rosenblatt Securities lowered their price target on Marvell Technology from $124.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, August 29th. UBS Group raised their price objective on Marvell Technology from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Monday, October 13th. JPMorgan Chase & Co. reduced their target price on shares of Marvell Technology from $130.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, August 29th. Finally, Benchmark reiterated a “buy” rating and issued a $95.00 target price on shares of Marvell Technology in a report on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Marvell Technology presently has a consensus rating of “Moderate Buy” and an average price target of $93.06.

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.