Primecap Management Co. CA Purchases 999,105 Shares of Marvell Technology, Inc. $MRVL

Primecap Management Co. CA lifted its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 46.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,163,835 shares of the semiconductor company’s stock after buying an additional 999,105 shares during the period. Primecap Management Co. CA’s holdings in Marvell Technology were worth $244,881,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of MRVL. Game Plan Financial Advisors LLC bought a new stake in shares of Marvell Technology in the 2nd quarter valued at about $27,000. Kiker Wealth Management LLC increased its position 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 buying an additional 281 shares during the last quarter. Westside Investment Management Inc. raised its stake in Marvell Technology by 62.5% in the second quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 160 shares during the period. Financial Connections Group Inc. lifted its position 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 valued at $27,000 after buying an additional 388 shares during the last quarter. Finally, DiNuzzo Private Wealth Inc. boosted its stake in shares of Marvell Technology by 786.0% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 443 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 393 shares during the period. Institutional investors own 83.51% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on MRVL shares. Evercore ISI dropped their price target on Marvell Technology from $133.00 to $122.00 and set an “outperform” rating on the stock in a research note on Friday, August 29th. Summit Redstone set a $105.00 price objective on shares of Marvell Technology in a research report on Wednesday, October 15th. Cowen downgraded shares of Marvell Technology from a “buy” rating to a “hold” rating in a report on Tuesday, September 30th. Jefferies Financial Group lowered their price target 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. Finally, Barclays restated an “equal weight” rating and set a $80.00 price objective on shares of Marvell Technology in a report on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat, Marvell Technology currently has a consensus rating of “Moderate Buy” and an average price target of $93.23.

Marvell Technology Price Performance

Shares of Marvell Technology stock opened at $78.68 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. The stock has a market capitalization of $67.83 billion, a price-to-earnings ratio of -605.23, a price-to-earnings-growth ratio of 1.10 and a beta of 1.95. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve month high of $127.48. The company has a 50-day simple moving average of $83.86 and a two-hundred day simple moving average of $74.99.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.67. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. The firm’s quarterly revenue was up 57.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.30 earnings per share. 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 year.

Marvell Technology Announces Dividend

The firm 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 was 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 announced that its Board of Directors has approved a share repurchase plan on Wednesday, September 24th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the semiconductor company to repurchase up to 7.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at Marvell Technology

In related news, CEO Matthew J. Murphy acquired 13,600 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The stock was acquired at an average cost of $77.09 per share, for a total transaction of $1,048,424.00. Following the completion of the acquisition, the chief executive officer directly 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 position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Sandeep Bharathi purchased 3,400 shares of the company’s stock in a transaction dated Thursday, September 25th. The stock was purchased at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the transaction, the insider directly owned 73,392 shares in the company, valued at approximately $5,726,777.76. This trade represents a 4.86% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have purchased 27,200 shares of company stock valued at $2,109,632. 0.19% 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.