Marvell Technology, Inc. $MRVL Shares Acquired by Rathbones Group PLC

Rathbones Group PLC lifted its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 3.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 839,834 shares of the semiconductor company’s stock after buying an additional 27,987 shares during the quarter. Rathbones Group PLC’s holdings in Marvell Technology were worth $65,003,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Crossmark Global Holdings Inc. grew its position in Marvell Technology by 14.0% in the 1st quarter. Crossmark Global Holdings Inc. now owns 6,732 shares of the semiconductor company’s stock valued at $414,000 after acquiring an additional 829 shares in the last quarter. Stratos Wealth Advisors LLC acquired a new stake in shares of Marvell Technology during the first quarter worth about $255,000. Stratos Wealth Partners LTD. boosted its stake in shares of Marvell Technology by 21.8% in the first quarter. Stratos Wealth Partners LTD. now owns 20,392 shares of the semiconductor company’s stock valued at $1,256,000 after purchasing an additional 3,648 shares during the period. Greenleaf Trust grew its holdings in shares of Marvell Technology by 5.9% in the first quarter. Greenleaf Trust now owns 8,248 shares of the semiconductor company’s stock valued at $508,000 after purchasing an additional 459 shares in the last quarter. Finally, Cerity Partners LLC increased its stake in Marvell Technology by 64.3% during the 1st quarter. Cerity Partners LLC now owns 98,751 shares of the semiconductor company’s stock worth $6,080,000 after buying an additional 38,633 shares during the period. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MRVL has been the subject of several recent research reports. BNP Paribas raised shares of Marvell Technology to a “strong-buy” rating in a research report on Friday, August 29th. Evercore ISI reduced their price objective on Marvell Technology from $133.00 to $122.00 and set an “outperform” rating on the stock in a research note on Friday, August 29th. JPMorgan Chase & Co. cut their price target on Marvell Technology from $130.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, August 29th. Jefferies Financial Group lowered their price objective 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. Finally, Summit Redstone set a $105.00 target price on shares of Marvell Technology in a research note on Wednesday, October 15th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $93.06.

Insider Activity at Marvell Technology

In related news, CFO Willem A. Meintjes purchased 3,400 shares of Marvell Technology stock in a transaction that occurred on Thursday, September 25th. The stock was purchased at an average cost 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 approximately $10,312,366.77. The trade was a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sandeep Bharathi acquired 3,400 shares of the firm’s stock in a transaction on Thursday, September 25th. The stock was bought at an average price of $78.03 per share, with a total value of $265,302.00. Following the purchase, 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 ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought 27,200 shares of company stock valued at $2,109,632 over the last quarter. 0.19% of the stock is owned by insiders.

Marvell Technology Price Performance

Shares of NASDAQ MRVL opened at $90.92 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.88. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week high of $127.48. The firm has a market capitalization of $78.38 billion, a PE ratio of -699.38, a price-to-earnings-growth ratio of 1.10 and a beta of 1.95. The stock’s 50-day simple moving average is $80.70 and its 200-day simple moving average is $73.49.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.67. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The firm’s quarterly revenue was up 57.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, equities research analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Announces Dividend

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

Marvell Technology declared that its board has initiated a share repurchase 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 often a sign that the company’s leadership believes its stock is undervalued.

Marvell Technology 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.