Marvell Technology, Inc. $MRVL Shares Acquired by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. raised its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 59.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 255,588 shares of the semiconductor company’s stock after purchasing an additional 94,946 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Marvell Technology were worth $19,461,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Kestra Private Wealth Services LLC grew its holdings in Marvell Technology by 41.4% during the first quarter. Kestra Private Wealth Services LLC now owns 25,575 shares of the semiconductor company’s stock worth $1,575,000 after acquiring an additional 7,493 shares during the period. IFP Advisors Inc grew its stake in shares of Marvell Technology by 16.7% during the 1st quarter. IFP Advisors Inc now owns 7,370 shares of the semiconductor company’s stock worth $454,000 after purchasing an additional 1,055 shares during the period. J.W. Cole Advisors Inc. purchased a new position in shares of Marvell Technology in the 1st quarter valued at about $1,216,000. Crestwood Advisors Group LLC acquired a new stake in shares of Marvell Technology in the first quarter valued at about $1,436,000. Finally, KLP Kapitalforvaltning AS boosted its holdings in Marvell Technology by 1.1% during the first quarter. KLP Kapitalforvaltning AS now owns 414,039 shares of the semiconductor company’s stock worth $25,492,000 after buying an additional 4,700 shares in the last quarter. 83.51% of the stock is owned by hedge funds and other institutional investors.

Marvell Technology Price Performance

Marvell Technology stock opened at $81.32 on Thursday. 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 quick ratio of 1.44 and a current ratio of 1.88. The firm has a 50 day moving average price of $84.14 and a 200 day moving average price of $75.03. The company has a market cap of $70.11 billion, a price-to-earnings ratio of -625.54, a PEG ratio of 1.10 and a beta of 1.95.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, meeting 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 company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the business earned $0.30 EPS. 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 predict that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

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. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Friday, October 10th. Marvell Technology’s payout ratio is -184.62%.

Marvell Technology announced that its board has initiated a stock repurchase program 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 programs are usually a sign that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Oppenheimer lifted their price target on shares of Marvell Technology from $95.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. Rosenblatt Securities reduced their price objective on Marvell Technology from $124.00 to $95.00 and set a “buy” rating for the company in a report on Friday, August 29th. Barclays reissued an “equal weight” rating and issued a $80.00 target price on shares of Marvell Technology in a report on Monday, October 20th. Benchmark reaffirmed a “buy” rating and set a $95.00 price target on shares of Marvell Technology in a research note 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 note 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 assigned a Hold rating to the company’s stock. According to MarketBeat, Marvell Technology presently has an average rating of “Moderate Buy” and an average target price of $93.23.

Insider Transactions at Marvell Technology

In other Marvell Technology 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 purchased at an average price of $78.03 per share, with a total value of $265,302.00. Following the transaction, the insider owned 73,392 shares in the company, valued at $5,726,777.76. This trade represents a 4.86% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Chris Koopmans purchased 6,800 shares of the business’s stock in a transaction that occurred on Thursday, September 25th. The stock was acquired at an average price of $78.03 per share, for a total transaction of $530,604.00. Following the acquisition, the chief operating officer directly owned 104,825 shares of the company’s stock, valued at $8,179,494.75. This trade represents a 6.94% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have purchased 27,200 shares of company stock valued at $2,109,632. Insiders own 0.19% of the company’s stock.

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.