Leavell Investment Management Inc. Makes New Investment in Marvell Technology, Inc. $MRVL

Leavell Investment Management Inc. purchased a new position in Marvell Technology, Inc. (NASDAQ:MRVL) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,592 shares of the semiconductor company’s stock, valued at approximately $201,000.

Other large investors also recently modified their holdings of the company. Richards Merrill & Peterson Inc. boosted its position in shares of 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 buying an additional 139 shares during the period. Retirement Planning Group LLC NY boosted its position in shares of 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 buying an additional 142 shares during the period. Harbor Capital Advisors Inc. boosted its position in shares of 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 buying an additional 151 shares during the period. CHICAGO TRUST Co NA boosted its position in shares of 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 buying an additional 158 shares during the period. Finally, Synovus Financial Corp boosted its position in shares of 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 buying an additional 161 shares during the period. 83.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on MRVL shares. Morgan Stanley reduced their price objective on Marvell Technology from $80.00 to $76.00 and set an “equal weight” rating for the company in a research report on Friday, August 29th. Benchmark reaffirmed a “buy” rating and set a $95.00 price objective on shares of Marvell Technology in a research report on Friday, August 29th. Barclays reaffirmed an “equal weight” rating and set a $80.00 price objective on shares of Marvell Technology in a research report on Monday, October 20th. Needham & Company LLC increased their price target on Marvell Technology from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, September 25th. Finally, Jefferies Financial Group reduced their price target on Marvell Technology from $90.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $93.06.

Marvell Technology Price Performance

NASDAQ:MRVL opened at $88.71 on Tuesday. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. The stock’s 50 day moving average price is $77.37 and its two-hundred day moving average price is $71.05. The firm has a market capitalization of $76.48 billion, a price-to-earnings ratio of -682.38, a P/E/G ratio of 1.03 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.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings data 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 firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The business’s revenue for the quarter was up 57.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Announces Dividend

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 paid a $0.06 dividend. The ex-dividend date is Friday, October 10th. This represents a $0.24 annualized dividend and a yield of 0.3%. 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 permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits 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.

Insiders Place Their Bets

In other news, insider Sandeep Bharathi bought 3,400 shares of the stock in a transaction dated Thursday, September 25th. The shares were bought at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the completion of the purchase, the insider owned 73,392 shares in the company, valued at approximately $5,726,777.76. This trade represents a 4.86% increase in their ownership of the stock. The acquisition 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 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 $530,604.00. Following the purchase, the chief operating officer owned 104,825 shares of the company’s stock, 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. Insiders have bought 27,200 shares of company stock worth $2,109,632 over the last ninety days. 0.19% of the stock is currently owned by corporate insiders.

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.