Versor Investments LP Invests $286,000 in Marvell Technology, Inc. $MRVL

Versor Investments LP acquired a new position in Marvell Technology, Inc. (NASDAQ:MRVL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,690 shares of the semiconductor company’s stock, valued at approximately $286,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nuveen LLC purchased a new position in shares of Marvell Technology in the first quarter worth about $399,587,000. Goldman Sachs Group Inc. boosted its holdings in Marvell Technology by 32.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company’s stock worth $1,272,117,000 after buying an additional 5,050,159 shares during the period. AQR Capital Management LLC grew its stake in Marvell Technology by 662.9% in the 1st quarter. AQR Capital Management LLC now owns 3,119,855 shares of the semiconductor company’s stock valued at $187,566,000 after buying an additional 2,710,894 shares in the last quarter. Nordea Investment Management AB raised its holdings in Marvell Technology by 48.3% during the 2nd quarter. Nordea Investment Management AB now owns 7,195,669 shares of the semiconductor company’s stock valued at $555,650,000 after acquiring an additional 2,344,245 shares during the period. Finally, DnB Asset Management AS lifted its position in shares of Marvell Technology by 1,167.6% during the first quarter. DnB Asset Management AS now owns 2,015,860 shares of the semiconductor company’s stock worth $124,116,000 after acquiring an additional 1,856,833 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors.

Insider Transactions at Marvell Technology

In other news, insider Sandeep Bharathi bought 3,400 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The stock was bought at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the transaction, the insider directly owned 73,392 shares of the company’s stock, valued at $5,726,777.76. This represents a 4.86% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Chris Koopmans bought 6,800 shares of the business’s stock in a transaction on Thursday, September 25th. The stock was purchased at an average cost of $78.03 per share, with a total value 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 represents a 6.94% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders bought 27,200 shares of company stock worth $2,109,632. 0.19% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MRVL shares. Deutsche Bank Aktiengesellschaft lifted their price target on Marvell Technology from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, September 25th. Summit Redstone set a $105.00 target price on Marvell Technology in a report on Wednesday, October 15th. UBS Group increased their price target on shares of Marvell Technology from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Bank of America reaffirmed a “neutral” rating and set a $78.00 price objective (down previously from $90.00) on shares of Marvell Technology in a research note on Friday, August 29th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Marvell Technology from $130.00 to $120.00 and set an “overweight” rating on the stock in a research note 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 given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $93.06.

Marvell Technology Trading Up 0.5%

Shares of MRVL opened at $93.33 on Friday. Marvell Technology, Inc. has a 1-year low of $47.08 and a 1-year high of $127.48. The company has a market capitalization of $80.46 billion, a P/E ratio of -717.92, a P/E/G ratio of 1.10 and a beta of 1.95. 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 firm’s 50 day simple moving average is $80.14 and its 200 day simple moving average is $73.05.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, hitting analysts’ consensus estimates 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 negative net margin of 1.43% and a positive return on equity of 11.01%. 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 firm earned $0.30 EPS. 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 announced that its Board of Directors has initiated a share buyback plan on Wednesday, September 24th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the semiconductor company to reacquire up to 7.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Marvell Technology Dividend Announcement

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

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.