SouthState Corp Cuts Position in Marvell Technology, Inc. $MRVL

SouthState Corp reduced its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 48.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 940 shares of the semiconductor company’s stock after selling 889 shares during the period. SouthState Corp’s holdings in Marvell Technology were worth $73,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Hughes Financial Services LLC purchased a new position in Marvell Technology during the 1st quarter valued at about $26,000. Financial Connections Group Inc. lifted its position in shares of Marvell Technology by 776.0% during the first quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 388 shares in the last quarter. Game Plan Financial Advisors LLC acquired a new position in shares of Marvell Technology in the second quarter valued at approximately $27,000. Vision Financial Markets LLC acquired a new position in shares of Marvell Technology in the first quarter valued at approximately $28,000. Finally, Kiker Wealth Management LLC increased its stake in Marvell Technology by 374.7% during the 2nd quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock worth $28,000 after buying an additional 281 shares during the period. 83.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MRVL has been the subject of several recent research reports. UBS Group raised their price target on shares of Marvell Technology from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Jefferies Financial Group decreased their target price on Marvell Technology from $90.00 to $80.00 and set a “buy” rating for the company in a report on Friday, August 29th. Wall Street Zen upgraded Marvell Technology from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Morgan Stanley reduced their price target on Marvell Technology from $80.00 to $76.00 and set an “equal weight” rating on the stock in a research report on Friday, August 29th. Finally, Wells Fargo & Company decreased their price objective on Marvell Technology from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, August 29th. Two investment 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $93.06.

Marvell Technology Stock Down 2.6%

Shares of NASDAQ MRVL opened at $90.92 on Friday. The business has a 50-day moving average of $80.70 and a two-hundred day moving average of $73.49. The company has a market capitalization of $78.38 billion, a price-to-earnings ratio of -699.38, a price-to-earnings-growth ratio of 1.10 and a beta of 1.95. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, meeting analysts’ consensus estimates of $0.67. The business had revenue of $2.01 billion for 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 business’s revenue for the quarter was up 57.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend 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%.

Marvell Technology announced that its board has authorized a stock buyback plan on Wednesday, September 24th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the semiconductor company to repurchase up to 7.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Insider Activity at Marvell Technology

In related news, COO Chris Koopmans purchased 6,800 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 $530,604.00. Following the completion of the transaction, the chief operating officer directly owned 104,825 shares in the company, valued at approximately $8,179,494.75. The trade was a 6.94% 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, CFO Willem A. Meintjes 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 chief financial officer directly owned 132,159 shares of the company’s stock, valued at $10,312,366.77. This represents a 2.64% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 27,200 shares of company stock worth $2,109,632 over the last 90 days. 0.19% of the stock is owned by corporate insiders.

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.