Banco Santander S.A. Boosts Position in Marvell Technology, Inc. $MRVL

Banco Santander S.A. increased its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 4,212.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 270,596 shares of the semiconductor company’s stock after purchasing an additional 264,321 shares during the quarter. Banco Santander S.A.’s holdings in Marvell Technology were worth $20,944,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Richards Merrill & Peterson Inc. lifted its stake in Marvell Technology by 4.0% during the second quarter. Richards Merrill & Peterson Inc. now owns 3,606 shares of the semiconductor company’s stock worth $279,000 after purchasing an additional 139 shares during the last quarter. Retirement Planning Group LLC NY lifted its stake in Marvell Technology by 4.0% during the second quarter. Retirement Planning Group LLC NY now owns 3,722 shares of the semiconductor company’s stock worth $288,000 after purchasing an additional 142 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in Marvell Technology by 0.8% during the second quarter. Harbor Capital Advisors Inc. now owns 19,945 shares of the semiconductor company’s stock worth $1,544,000 after purchasing an additional 151 shares during the last quarter. CHICAGO TRUST Co NA lifted its stake in Marvell Technology by 3.5% during the second quarter. CHICAGO TRUST Co NA now owns 4,703 shares of the semiconductor company’s stock worth $364,000 after purchasing an additional 158 shares during the last quarter. Finally, Synovus Financial Corp lifted its stake in Marvell Technology by 3.5% during the first quarter. Synovus Financial Corp now owns 4,791 shares of the semiconductor company’s stock worth $295,000 after purchasing an additional 161 shares during the last quarter. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Marvell Technology Trading Up 1.6%

NASDAQ:MRVL opened at $84.13 on Monday. The firm has a market cap of $72.53 billion, a P/E ratio of -647.15, a PEG ratio of 1.03 and a beta of 1.94. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The stock’s 50 day simple moving average is $77.13 and its 200-day simple moving average is $70.86. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $127.48.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, hitting analysts’ consensus estimates 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 analyst estimates of $2.01 billion. During the same quarter in the prior year, the company posted $0.30 earnings per share. Marvell Technology’s quarterly revenue 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 analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

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

Marvell Technology declared that its Board of Directors has authorized a share 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 buy up to 7.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MRVL. Jefferies Financial Group decreased their target price on Marvell Technology from $90.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, August 29th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $75.00 price target on shares of Marvell Technology in a research report on Friday, August 29th. Cowen lowered Marvell Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Benchmark reaffirmed a “buy” rating and set a $95.00 price target on shares of Marvell Technology in a research report on Friday, August 29th. Finally, Evercore ISI cut their price target on Marvell Technology from $133.00 to $122.00 and set an “outperform” rating on the stock in a research report on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat, Marvell Technology presently has an average rating of “Moderate Buy” and an average target price of $93.06.

Insiders Place Their Bets

In other Marvell Technology news, CEO Matthew J. Murphy acquired 13,600 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were purchased at an average price of $77.09 per share, with a total value of $1,048,424.00. Following the completion of the acquisition, the chief executive officer directly owned 268,637 shares of the company’s stock, valued at approximately $20,709,226.33. The trade was a 5.33% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Sandeep Bharathi acquired 3,400 shares of the company’s stock in a transaction that occurred 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 acquisition, the insider directly owned 73,392 shares of the company’s stock, valued at $5,726,777.76. This trade represents a 4.86% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 27,200 shares of company stock worth $2,109,632. Insiders own 0.33% of the company’s stock.

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.