Second Line Capital LLC Buys Shares of 45,604 Marvell Technology, Inc. $MRVL

Second Line Capital LLC purchased a new position in Marvell Technology, Inc. (NASDAQ:MRVL) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 45,604 shares of the semiconductor company’s stock, valued at approximately $3,530,000. Marvell Technology makes up about 0.8% of Second Line Capital LLC’s investment portfolio, making the stock its 28th biggest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC lifted its position in Marvell Technology by 69.1% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 10,359 shares of the semiconductor company’s stock worth $638,000 after buying an additional 4,234 shares in the last quarter. Aberdeen Group plc increased its stake in shares of Marvell Technology by 5.8% in the first quarter. Aberdeen Group plc now owns 1,243,901 shares of the semiconductor company’s stock worth $74,889,000 after acquiring an additional 67,642 shares during the last quarter. Ethic Inc. raised its holdings in shares of Marvell Technology by 7.6% during the first quarter. Ethic Inc. now owns 43,260 shares of the semiconductor company’s stock worth $2,711,000 after acquiring an additional 3,056 shares in the last quarter. Tocqueville Asset Management L.P. boosted its position in Marvell Technology by 46.2% during the first quarter. Tocqueville Asset Management L.P. now owns 512,961 shares of the semiconductor company’s stock valued at $31,583,000 after purchasing an additional 162,200 shares during the last quarter. Finally, Tyler Stone Wealth Management grew its stake in Marvell Technology by 12.6% in the first quarter. Tyler Stone Wealth Management now owns 4,736 shares of the semiconductor company’s stock valued at $292,000 after purchasing an additional 531 shares in the last quarter. 83.51% of the stock is owned by hedge funds and other institutional investors.

Marvell Technology Stock Down 5.6%

MRVL stock opened at $84.43 on Friday. The stock has a market capitalization of $71.61 billion, a price-to-earnings ratio of 29.62, a price-to-earnings-growth ratio of 0.82 and a beta of 1.93. The company has a 50-day moving average of $88.24 and a two-hundred day moving average of $78.26. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $127.48. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.64.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings data on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Marvell Technology had a return on equity of 13.15% and a net margin of 31.75%.The firm’s revenue was up 36.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.43 EPS. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. As a group, equities research analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Investors of record on Friday, October 10th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. Marvell Technology’s payout ratio is 8.42%.

Marvell Technology announced that its board has initiated a share repurchase plan on Wednesday, September 24th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to purchase up to 7.8% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MRVL shares. JPMorgan Chase & Co. raised their price target on Marvell Technology from $120.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 3rd. Hsbc Global Res upgraded shares of Marvell Technology to a “hold” rating in a research note on Monday, November 24th. The Goldman Sachs Group boosted their target price on shares of Marvell Technology from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 3rd. Susquehanna set a $120.00 price target on shares of Marvell Technology and gave the company a “positive” rating in a report on Wednesday, December 3rd. Finally, B. Riley reiterated a “buy” rating and issued a $130.00 price objective (up from $100.00) on shares of Marvell Technology in a report on Wednesday, December 3rd. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $111.56.

Insider Activity

In related news, CEO Matthew J. Murphy purchased 13,600 shares of Marvell Technology stock in a transaction on Thursday, September 25th. The stock was purchased at an average cost of $77.09 per share, with a total value of $1,048,424.00. Following the acquisition, the chief executive officer directly owned 268,637 shares in the company, valued at approximately $20,709,226.33. This trade represents a 5.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Sandeep Bharathi acquired 3,400 shares of the company’s stock in a transaction dated 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 acquisition, the insider 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. Over the last quarter, insiders acquired 27,200 shares of company stock worth $2,109,632. Corporate insiders own 0.19% of the company’s stock.

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.