Bank of New York Mellon Corp Decreases Stake in Marvell Technology, Inc. $MRVL

Bank of New York Mellon Corp lowered its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 5.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 3,338,393 shares of the semiconductor company’s stock after selling 206,800 shares during the quarter. Bank of New York Mellon Corp owned 0.39% of Marvell Technology worth $258,392,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Machina Capital S.A.S. raised its holdings in Marvell Technology by 376.8% during the 2nd quarter. Machina Capital S.A.S. now owns 17,832 shares of the semiconductor company’s stock valued at $1,380,000 after buying an additional 14,092 shares during the last quarter. Westside Investment Management Inc. raised its stake in shares of Marvell Technology by 62.5% during the second quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 160 shares during the last quarter. Sigma Planning Corp boosted its holdings in shares of Marvell Technology by 32.7% during the second quarter. Sigma Planning Corp now owns 11,183 shares of the semiconductor company’s stock worth $866,000 after purchasing an additional 2,757 shares during the period. EPG Wealth Management LLC grew its stake in shares of Marvell Technology by 9.3% in the second quarter. EPG Wealth Management LLC now owns 11,054 shares of the semiconductor company’s stock worth $856,000 after purchasing an additional 944 shares during the last quarter. Finally, TIAA Trust National Association increased its holdings in Marvell Technology by 77.0% during the 2nd quarter. TIAA Trust National Association now owns 50,041 shares of the semiconductor company’s stock valued at $3,873,000 after purchasing an additional 21,765 shares during the period. Institutional investors own 83.51% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on MRVL. Morgan Stanley dropped their price objective on Marvell Technology from $80.00 to $76.00 and set an “equal weight” rating for the company in a report on Friday, August 29th. Zacks Research raised Marvell Technology from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 24th. Oppenheimer lifted their price target on shares of Marvell Technology from $95.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, October 10th. Barclays restated an “equal weight” rating and issued a $80.00 price objective on shares of Marvell Technology in a report on Monday, October 20th. Finally, Needham & Company LLC lifted their target price on shares of Marvell Technology from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, September 25th. Two equities research 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $93.06.

Marvell Technology Stock Performance

Marvell Technology stock opened at $87.59 on Wednesday. The stock’s 50 day moving average is $79.45 and its 200 day moving average is $72.76. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve 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. The company has a market capitalization of $75.51 billion, a P/E ratio of -673.77, a PEG ratio of 1.10 and a beta of 1.94.

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

Marvell Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Investors of record on Friday, October 10th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was 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%.

Marvell Technology announced that its Board of Directors has authorized a share repurchase plan on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes 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 management believes its shares are undervalued.

Insiders Place Their Bets

In related news, insider Sandeep Bharathi purchased 3,400 shares of Marvell Technology stock in a transaction dated Thursday, September 25th. The stock was 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 insider directly owned 73,392 shares of the company’s stock, valued at $5,726,777.76. The trade was a 4.86% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Matthew J. Murphy acquired 13,600 shares of the firm’s stock in a transaction dated Thursday, September 25th. The shares were bought at an average cost 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 $20,709,226.33. The trade was a 5.33% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 27,200 shares of company stock valued at $2,109,632 over the last quarter. Corporate insiders own 0.19% 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.