Marvell Technology, Inc. $MRVL Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC decreased its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 1.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 11,791,564 shares of the semiconductor company’s stock after selling 197,460 shares during the period. Geode Capital Management LLC’s holdings in Marvell Technology were worth $908,946,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TimesSquare Capital Management LLC increased its position in shares of Marvell Technology by 14.9% during the second quarter. TimesSquare Capital Management LLC now owns 624,195 shares of the semiconductor company’s stock worth $48,313,000 after acquiring an additional 80,905 shares during the last quarter. KBC Group NV grew its stake in Marvell Technology by 125.2% during the 2nd quarter. KBC Group NV now owns 826,119 shares of the semiconductor company’s stock valued at $63,942,000 after purchasing an additional 459,235 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in Marvell Technology by 59.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 34,475 shares of the semiconductor company’s stock worth $2,668,000 after purchasing an additional 12,798 shares during the last quarter. STF Management LP increased its holdings in Marvell Technology by 2.6% during the 2nd quarter. STF Management LP now owns 13,316 shares of the semiconductor company’s stock worth $1,031,000 after purchasing an additional 334 shares during the last quarter. Finally, CENTRAL TRUST Co raised its position in shares of Marvell Technology by 13.4% in the 2nd quarter. CENTRAL TRUST Co now owns 2,064 shares of the semiconductor company’s stock valued at $160,000 after purchasing an additional 244 shares in the last quarter. 83.51% of the stock is owned by hedge funds and other institutional investors.

Marvell Technology Stock Performance

Shares of MRVL stock opened at $87.52 on Friday. The company has a market cap of $75.45 billion, a P/E ratio of -673.23, a PEG ratio of 1.10 and a beta of 1.95. The business has a 50 day moving average of $82.81 and a two-hundred day moving average of $74.30. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week 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.

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, hitting the consensus estimate of $0.67. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the business posted $0.30 EPS. The business’s revenue was up 57.6% on a year-over-year basis. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Dividend Announcement

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

Marvell Technology announced that its board has authorized a share buyback plan on Wednesday, September 24th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to reacquire up to 7.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

MRVL has been the subject of a number of research analyst reports. Jefferies Financial Group dropped their price target on shares of Marvell Technology from $90.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, August 29th. Oppenheimer increased their price target on shares of Marvell Technology from $95.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. BNP Paribas upgraded Marvell Technology to a “strong-buy” rating in a research note on Friday, August 29th. Weiss Ratings restated a “hold (c-)” rating on shares of Marvell Technology in a research note on Wednesday, October 8th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Marvell Technology in a report on Wednesday, October 15th. 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $93.06.

Insider Activity

In other news, CEO Matthew J. Murphy acquired 13,600 shares of the business’s stock in a transaction that occurred on Thursday, September 25th. The shares were purchased at an average cost of $77.09 per share, for a total transaction of $1,048,424.00. Following the transaction, the chief executive officer directly owned 268,637 shares in the company, valued at $20,709,226.33. This trade represents a 5.33% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Willem A. Meintjes bought 3,400 shares of the firm’s stock in a transaction on Thursday, September 25th. The stock was purchased at an average price of $78.03 per share, with a total value of $265,302.00. Following the transaction, the chief financial officer owned 132,159 shares in the company, valued at $10,312,366.77. The trade was a 2.64% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders purchased 27,200 shares of company stock worth $2,109,632. 0.33% of the stock is owned by 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.