Marsico Capital Management LLC Purchases New Position in Marvell Technology, Inc. $MRVL

Marsico Capital Management LLC acquired a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 285,497 shares of the semiconductor company’s stock, valued at approximately $22,097,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Financial Connections Group Inc. boosted its holdings 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 acquiring an additional 388 shares in the last quarter. Game Plan Financial Advisors LLC bought a new stake in shares of Marvell Technology during the second quarter worth $27,000. Vision Financial Markets LLC acquired a new stake in shares of Marvell Technology in the first quarter valued at $28,000. Kiker Wealth Management LLC raised its holdings in shares of Marvell Technology by 374.7% in the second 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 during the last quarter. Finally, Westside Investment Management Inc. raised its holdings in shares of 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 last quarter. 83.51% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Willem A. Meintjes purchased 3,400 shares of the stock in a transaction dated Thursday, September 25th. The stock was bought at an average cost of $78.03 per share, with a total value of $265,302.00. Following the purchase, the chief financial officer directly owned 132,159 shares in the company, valued at $10,312,366.77. The trade was a 2.64% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Matthew J. Murphy purchased 13,600 shares of the business’s stock in a transaction that occurred on Thursday, September 25th. The stock was purchased at an average price of $77.09 per share, for a total transaction of $1,048,424.00. Following the completion of the transaction, the chief executive officer directly owned 268,637 shares in the company, valued at $20,709,226.33. This trade represents a 5.33% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 27,200 shares of company stock valued at $2,109,632 over the last 90 days. 0.19% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

MRVL has been the topic of a number of research analyst reports. Jefferies Financial Group decreased 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. Raymond James Financial set a $121.00 target price on shares of Marvell Technology in a research report on Thursday. Zacks Research raised shares of Marvell Technology from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 24th. Morgan Stanley dropped their price objective on shares of Marvell Technology from $80.00 to $76.00 and set an “equal weight” rating for the company in a research report on Friday, August 29th. Finally, Wells Fargo & Company decreased their price objective on Marvell Technology from $95.00 to $90.00 and set an “overweight” 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 thirteen have given a Hold rating to the stock. According to data from MarketBeat, Marvell Technology has an average rating of “Moderate Buy” and an average target price of $94.23.

Marvell Technology Price Performance

MRVL opened at $76.68 on Friday. The company has a fifty day moving average price of $84.34 and a two-hundred day moving average price of $75.04. 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, Inc. has a 52 week low of $47.08 and a 52 week high of $127.48. The firm has a market capitalization of $66.11 billion, a PE ratio of -589.85, a P/E/G ratio of 1.10 and a beta of 1.95.

Marvell Technology (NASDAQ:MRVL) last posted 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 positive return on equity of 11.01% and a negative net margin of 1.43%.The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the business posted $0.30 EPS. The firm’s quarterly 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. As a group, analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

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

Marvell Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Shareholders of record on Friday, October 10th were issued a dividend of $0.06 per share. The ex-dividend date was 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 (DPR) is -184.62%.

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.