Allspring Global Investments Holdings LLC Acquires 81,032 Shares of Marvell Technology, Inc. $MRVL

Allspring Global Investments Holdings LLC boosted its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 5.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,594,600 shares of the semiconductor company’s stock after acquiring an additional 81,032 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.18% of Marvell Technology worth $121,572,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MRVL. Hughes Financial Services LLC bought a new stake in Marvell Technology during the 1st quarter worth approximately $26,000. Rossby Financial LCC acquired a new position in shares of Marvell Technology in the 1st quarter worth approximately $27,000. Financial Connections Group Inc. lifted its position in shares of Marvell Technology by 776.0% in the 1st quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 388 shares during the period. Game Plan Financial Advisors LLC acquired a new position in shares of Marvell Technology in the 2nd quarter worth approximately $27,000. Finally, Vision Financial Markets LLC acquired a new position in shares of Marvell Technology in the 1st quarter worth approximately $28,000. 83.51% of the stock is owned by institutional investors.

Marvell Technology Stock Performance

MRVL opened at $89.39 on Tuesday. Marvell Technology, Inc. has a 1-year low of $47.08 and a 1-year high of $127.48. 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 $77.06 billion, a price-to-earnings ratio of -687.62, a PEG ratio of 1.05 and a beta of 1.94. The company’s fifty day moving average price is $75.64 and its two-hundred day moving average price is $69.01.

Marvell Technology (NASDAQ:MRVL) last posted its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.67. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the prior year, the business posted $0.30 EPS. The business’s revenue 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. On average, analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Announces Dividend

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

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MRVL. UBS Group boosted their target price on shares of Marvell Technology from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Monday. Cowen downgraded shares of Marvell Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Rosenblatt Securities dropped their target price on shares of Marvell Technology from $124.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, August 29th. The Goldman Sachs Group assumed coverage on shares of Marvell Technology in a report on Thursday, July 10th. They set a “neutral” rating and a $75.00 price objective on the stock. Finally, Jefferies Financial Group lowered their price objective on shares of Marvell Technology from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $92.67.

Insider Activity at Marvell Technology

In related news, insider Sandeep Bharathi purchased 3,400 shares of Marvell Technology stock in a transaction that occurred on Thursday, September 25th. The stock was 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 owned 73,392 shares in the company, valued at $5,726,777.76. This represents a 4.86% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Willem A. Meintjes purchased 3,400 shares of Marvell Technology stock in a transaction that occurred on Thursday, September 25th. The shares were bought at an average price of $78.03 per share, with a total value of $265,302.00. Following the transaction, the chief financial officer owned 132,159 shares of the company’s stock, valued at $10,312,366.77. This trade 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. 0.33% of the stock is currently owned by company insiders.

Marvell Technology 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.