Fulton Breakefield Broenniman LLC Cuts Stake in Marvell Technology, Inc. $MRVL

Fulton Breakefield Broenniman LLC lowered its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 43.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 5,583 shares of the semiconductor company’s stock after selling 4,321 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in Marvell Technology were worth $432,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Marvell Technology by 1.9% in the first quarter. Vanguard Group Inc. now owns 63,770,122 shares of the semiconductor company’s stock worth $3,926,326,000 after buying an additional 1,212,338 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Marvell Technology by 32.3% in the first quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company’s stock valued at $1,272,117,000 after purchasing an additional 5,050,159 shares during the last quarter. Brown Advisory Inc. lifted its position in Marvell Technology by 2.2% in the first quarter. Brown Advisory Inc. now owns 19,300,527 shares of the semiconductor company’s stock valued at $1,188,333,000 after purchasing an additional 423,892 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Marvell Technology by 2.6% in the first quarter. Ameriprise Financial Inc. now owns 8,942,304 shares of the semiconductor company’s stock valued at $562,991,000 after purchasing an additional 227,555 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its position in Marvell Technology by 6.7% in the first quarter. Pictet Asset Management Holding SA now owns 7,776,196 shares of the semiconductor company’s stock valued at $478,794,000 after purchasing an additional 488,610 shares during the last quarter. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Insiders Place Their Bets

In other Marvell Technology news, EVP Mark Casper sold 3,000 shares of the stock in a transaction on Friday, July 18th. The stock was sold at an average price of $72.35, for a total value of $217,050.00. Following the completion of the transaction, the executive vice president owned 17,163 shares in the company, valued at approximately $1,241,743.05. This represents a 14.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Willem A. Meintjes acquired 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 acquisition, the chief financial officer owned 132,159 shares of the company’s stock, valued at $10,312,366.77. This represents a 2.64% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 27,200 shares of company stock valued at $2,109,632 in the last 90 days. Corporate insiders own 0.19% of the company’s stock.

Marvell Technology Price Performance

MRVL opened at $92.50 on Thursday. The stock has a fifty day simple moving average of $74.95 and a two-hundred day simple moving average of $68.55. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The company has a market cap of $79.74 billion, a price-to-earnings ratio of -711.54, a price-to-earnings-growth ratio of 1.06 and a beta of 1.94. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $127.48.

Marvell Technology (NASDAQ:MRVL) last posted 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. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The firm’s quarterly revenue was up 57.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Research analysts predict that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the semiconductor company to repurchase up to 7.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Marvell Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Friday, October 10th will be issued a $0.06 dividend. The ex-dividend date is Friday, October 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. Marvell Technology’s dividend payout ratio is -184.62%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MRVL. UBS Group lowered their price objective on Marvell Technology from $110.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, August 29th. The Goldman Sachs Group began coverage on Marvell Technology in a research report on Thursday, July 10th. They issued a “neutral” rating and a $75.00 price objective for the company. Cantor Fitzgerald reiterated a “neutral” rating and issued a $75.00 price objective on shares of Marvell Technology in a research report on Friday, August 29th. Rosenblatt Securities lowered their price objective on Marvell Technology from $124.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, August 29th. Finally, Zacks Research upgraded Marvell Technology from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 24th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, Marvell Technology presently has a consensus rating of “Moderate Buy” and an average target price of $91.67.

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.