Marvell Technology, Inc. $MRVL Shares Acquired by Swiss National Bank

Swiss National Bank lifted its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 7.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,621,603 shares of the semiconductor company’s stock after purchasing an additional 181,100 shares during the period. Swiss National Bank owned about 0.30% of Marvell Technology worth $202,912,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Connections Group Inc. raised its stake in Marvell Technology by 776.0% during the first quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 388 shares in the last quarter. Game Plan Financial Advisors LLC bought a new stake in shares of Marvell Technology in the 2nd quarter valued at approximately $27,000. Vision Financial Markets LLC acquired a new stake in shares of Marvell Technology during the 1st quarter valued at approximately $28,000. Kiker Wealth Management LLC lifted its stake in Marvell Technology by 374.7% during the second quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 281 shares during the last quarter. Finally, Westside Investment Management Inc. boosted its holdings in Marvell Technology by 62.5% in the second quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 160 shares during the period. 83.51% of the stock is owned by institutional investors.

Insider Activity at Marvell Technology

In other news, CFO Willem A. Meintjes bought 3,400 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were purchased at an average price of $78.03 per share, with a total value of $265,302.00. Following the completion of the acquisition, the chief financial officer directly owned 132,159 shares in the company, valued at approximately $10,312,366.77. This trade represents a 2.64% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew J. Murphy bought 13,600 shares of the business’s stock in a transaction on Thursday, September 25th. The stock was purchased at an average price of $77.09 per share, with a total value of $1,048,424.00. Following the completion of the transaction, the chief executive officer directly owned 268,637 shares of the company’s stock, valued at $20,709,226.33. This trade represents a 5.33% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 27,200 shares of company stock valued at $2,109,632 over the last quarter. Corporate insiders own 0.19% of the company’s stock.

Marvell Technology Price Performance

Shares of NASDAQ:MRVL opened at $77.45 on Friday. The firm’s 50 day moving average is $84.55 and its two-hundred day moving average is $75.15. The firm has a market capitalization of $66.77 billion, a P/E ratio of -595.77, a PEG ratio of 1.10 and a beta of 1.95. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $127.48.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.01 billion. During the same period in the prior year, the company posted $0.30 EPS. The business’s revenue for the quarter was up 57.6% compared to the same quarter last year. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology announced that its board has approved a share buyback program on Wednesday, September 24th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to reacquire up to 7.8% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

Marvell Technology Announces Dividend

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 dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a $0.24 annualized dividend and a yield of 0.3%. Marvell Technology’s dividend payout ratio (DPR) is presently -184.62%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of Marvell Technology from $130.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, August 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Marvell Technology in a research report on Wednesday, October 8th. TD Cowen reissued a “hold” rating and issued a $85.00 target price (down previously from $90.00) on shares of Marvell Technology in a report on Wednesday, October 1st. Wall Street Zen upgraded Marvell Technology from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Finally, Rosenblatt Securities dropped their price target on Marvell Technology from $124.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, August 29th. Three research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, Marvell Technology presently has an average rating of “Moderate Buy” and a consensus target price of $94.23.

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.