Bridgewater Advisors Inc. Takes $283,000 Position in Marvell Technology, Inc. $MRVL

Bridgewater Advisors Inc. purchased a new position in Marvell Technology, Inc. (NASDAQ:MRVL) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,709 shares of the semiconductor company’s stock, valued at approximately $283,000.

A number of other hedge funds also recently bought and sold shares of MRVL. Machina Capital S.A.S. boosted its holdings in shares of Marvell Technology by 376.8% in the second quarter. Machina Capital S.A.S. now owns 17,832 shares of the semiconductor company’s stock worth $1,380,000 after buying an additional 14,092 shares during the period. Westside Investment Management Inc. lifted its position in shares of Marvell Technology by 62.5% in the 2nd 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 in the last quarter. Sigma Planning Corp boosted its stake in Marvell Technology by 32.7% in the 2nd 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 position in Marvell Technology by 9.3% during the 2nd 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 in the last quarter. Finally, TIAA Trust National Association grew its position 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 worth $3,873,000 after purchasing an additional 21,765 shares in the last quarter. 83.51% of the stock is owned by hedge funds and other institutional investors.

Marvell Technology Stock Down 3.1%

Marvell Technology stock opened at $87.59 on Wednesday. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. Marvell Technology, Inc. has a 1-year low of $47.08 and a 1-year high of $127.48. The firm’s fifty day simple moving average is $79.45 and its 200-day simple moving average is $72.76. The company has a market capitalization of $75.51 billion, a P/E ratio of -673.77, a P/E/G ratio of 1.10 and a beta of 1.94.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.67. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the prior year, the company posted $0.30 earnings per share. Marvell Technology’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. Sell-side analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

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

Marvell Technology declared that its board has approved a share repurchase program on Wednesday, September 24th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to purchase up to 7.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

MRVL has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on Marvell Technology from $80.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, September 25th. Summit Redstone set a $105.00 price objective on Marvell Technology in a research report on Wednesday, October 15th. TD Cowen reaffirmed a “hold” rating and set a $85.00 target price (down previously from $90.00) on shares of Marvell Technology in a research note on Wednesday, October 1st. Wells Fargo & Company reduced their price target on shares of Marvell Technology from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, August 29th. Finally, Evercore ISI lowered their price objective on shares of 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 analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $93.06.

Insider Activity

In other news, CFO Willem A. Meintjes purchased 3,400 shares of the company’s stock in a transaction dated Thursday, September 25th. The shares were bought at an average price of $78.03 per share, with a total value of $265,302.00. Following the completion of the transaction, the chief financial officer directly owned 132,159 shares in the company, valued at $10,312,366.77. This trade represents a 2.64% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew J. Murphy acquired 13,600 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The shares were purchased 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 owned 268,637 shares in the company, valued at $20,709,226.33. This trade represents a 5.33% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders purchased 27,200 shares of company stock worth $2,109,632. 0.19% of the stock is owned by company 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.