Marvell Technology, Inc. $MRVL Shares Bought by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC increased its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 14.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 624,195 shares of the semiconductor company’s stock after purchasing an additional 80,905 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Marvell Technology were worth $48,313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. Financial Connections Group Inc. grew its stake in shares of Marvell Technology by 776.0% in 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 stake in Marvell Technology in the second quarter worth about $27,000. Vision Financial Markets LLC acquired a new stake in Marvell Technology in the first quarter worth about $28,000. Kiker Wealth Management LLC grew its position in Marvell Technology by 374.7% in the 2nd quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 281 shares in the last quarter. Finally, Westside Investment Management Inc. raised its position in shares of Marvell Technology by 62.5% during the 2nd quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock worth $32,000 after buying an additional 160 shares in the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Marvell Technology Trading Down 4.2%

Shares of NASDAQ MRVL opened at $89.33 on Wednesday. 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, Inc. has a 12 month low of $47.08 and a 12 month high of $127.48. The company has a market cap of $77.01 billion, a price-to-earnings ratio of -687.15, a P/E/G ratio of 1.10 and a beta of 1.95. The business has a fifty day simple moving average of $81.80 and a 200-day simple moving average of $74.10.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share 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 firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter last year, the business posted $0.30 EPS. Marvell Technology’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. Sell-side analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Friday, October 10th. Marvell Technology’s dividend payout ratio is -184.62%.

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

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. UBS Group raised their price objective on shares of Marvell Technology from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Morgan Stanley lowered 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. Roth Capital reissued a “buy” rating on shares of Marvell Technology in a research note on Wednesday, October 15th. Jefferies Financial Group cut their price objective on Marvell Technology from $90.00 to $80.00 and set a “buy” rating for the company in a report on Friday, August 29th. Finally, Summit Redstone set a $105.00 target price on Marvell Technology in a report on Wednesday, October 15th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat.com, Marvell Technology has an average rating of “Moderate Buy” and a consensus target price of $93.06.

Insider Activity

In other news, insider Sandeep Bharathi acquired 3,400 shares of the stock in a transaction on Thursday, September 25th. The shares were purchased at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the transaction, the insider owned 73,392 shares in the company, valued at approximately $5,726,777.76. This trade represents a 4.86% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Willem A. Meintjes bought 3,400 shares of the business’s stock in a transaction on Thursday, September 25th. The shares were purchased at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the completion of the purchase, the chief financial officer 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. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders bought 27,200 shares of company stock worth $2,109,632. Company insiders own 0.33% of the company’s stock.

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.