Hager Investment Management Services LLC Lowers Stock Position in Marvell Technology, Inc. $MRVL

Hager Investment Management Services LLC cut its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 11.6% during the second quarter, HoldingsChannel.com reports. The fund owned 47,345 shares of the semiconductor company’s stock after selling 6,190 shares during the quarter. Marvell Technology makes up 2.2% of Hager Investment Management Services LLC’s holdings, making the stock its 14th largest position. Hager Investment Management Services LLC’s holdings in Marvell Technology were worth $3,665,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of MRVL. Nuveen LLC purchased a new position in shares of Marvell Technology during the first quarter worth approximately $399,587,000. Goldman Sachs Group Inc. grew its position in shares of Marvell Technology by 32.3% during the first quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company’s stock worth $1,272,117,000 after acquiring an additional 5,050,159 shares during the last quarter. Impax Asset Management Group plc grew its position in shares of Marvell Technology by 748.3% during the first quarter. Impax Asset Management Group plc now owns 3,700,841 shares of the semiconductor company’s stock worth $227,033,000 after acquiring an additional 3,264,557 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Marvell Technology by 662.9% during the first quarter. AQR Capital Management LLC now owns 3,119,855 shares of the semiconductor company’s stock worth $187,566,000 after acquiring an additional 2,710,894 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of Marvell Technology by 8,128.6% during the first quarter. Assenagon Asset Management S.A. now owns 2,460,851 shares of the semiconductor company’s stock worth $151,515,000 after acquiring an additional 2,430,945 shares during the last quarter. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Marvell Technology

In related news, CEO Matthew J. Murphy bought 13,600 shares of the firm’s stock in a transaction on Thursday, September 25th. The shares were bought 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 owned 268,637 shares of the company’s stock, valued at approximately $20,709,226.33. This trade represents a 5.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Sandeep Bharathi bought 3,400 shares of the firm’s stock in a transaction on Thursday, September 25th. The shares were bought at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the completion of the transaction, the insider directly owned 73,392 shares in the company, valued at approximately $5,726,777.76. This represents a 4.86% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 27,200 shares of company stock worth $2,109,632. 0.19% of the stock is currently owned by insiders.

Marvell Technology Price Performance

Shares of NASDAQ MRVL opened at $92.50 on Thursday. The firm has a market capitalization of $79.74 billion, a P/E ratio of -711.54, a PEG ratio of 1.06 and a beta of 1.94. Marvell Technology, Inc. has a one year low of $47.08 and a one year high of $127.48. The company’s fifty day moving average is $74.95 and its two-hundred day moving average is $68.55. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.88.

Marvell Technology (NASDAQ:MRVL) last issued its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, hitting the consensus estimate of $0.67. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The business’s revenue was up 57.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

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

Marvell Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Friday, October 10th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, October 10th. Marvell Technology’s payout ratio is presently -184.62%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Benchmark reiterated a “buy” rating and issued a $95.00 price objective on shares of Marvell Technology in a research report on Friday, August 29th. BNP Paribas upgraded shares of Marvell Technology to a “strong-buy” rating in a research report on Friday, August 29th. Bank of America reiterated a “neutral” rating and issued a $78.00 price objective (down from $90.00) on shares of Marvell Technology in a research report on Friday, August 29th. Needham & Company LLC lifted their price objective on shares of Marvell Technology from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, September 25th. Finally, UBS Group lowered their price objective on shares of Marvell Technology from $110.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $91.67.

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.