Fox Run Management L.L.C. Lowers Holdings in Marvell Technology, Inc. $MRVL

Fox Run Management L.L.C. cut its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 87.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,986 shares of the semiconductor company’s stock after selling 68,863 shares during the period. Fox Run Management L.L.C.’s holdings in Marvell Technology were worth $773,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MRVL. Nuveen LLC acquired a new stake in Marvell Technology in the first quarter valued at $399,587,000. Goldman Sachs Group Inc. raised its position in shares of Marvell Technology by 32.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company’s stock worth $1,272,117,000 after acquiring an additional 5,050,159 shares in the last quarter. AQR Capital Management LLC lifted its stake in Marvell Technology by 662.9% during the first quarter. AQR Capital Management LLC now owns 3,119,855 shares of the semiconductor company’s stock worth $187,566,000 after purchasing an additional 2,710,894 shares during the last quarter. Nordea Investment Management AB lifted its stake in Marvell Technology by 48.3% during the second quarter. Nordea Investment Management AB now owns 7,195,669 shares of the semiconductor company’s stock worth $555,650,000 after purchasing an additional 2,344,245 shares during the last quarter. Finally, DnB Asset Management AS increased its stake in Marvell Technology by 1,167.6% in the first quarter. DnB Asset Management AS now owns 2,015,860 shares of the semiconductor company’s stock valued at $124,116,000 after purchasing an additional 1,856,833 shares during the last quarter. 83.51% of the stock is owned by institutional investors and hedge funds.

Marvell Technology Trading Down 2.6%

Shares of Marvell Technology stock opened at $90.92 on Monday. The firm has a market cap of $78.38 billion, a price-to-earnings ratio of -699.38, a price-to-earnings-growth ratio of 1.10 and a beta of 1.95. The company’s 50-day simple moving average is $80.70 and its 200-day simple moving average is $73.63. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $127.48. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, hitting 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 firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the prior year, the company posted $0.30 earnings per share. Marvell Technology’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, equities research 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 stock buyback program on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to repurchase up to 7.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Marvell Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Friday, October 10th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. Marvell Technology’s payout ratio is -184.62%.

Insider Transactions at Marvell Technology

In other news, COO Chris Koopmans purchased 6,800 shares of the company’s stock in a transaction dated Thursday, September 25th. The stock was acquired at an average price of $78.03 per share, for a total transaction of $530,604.00. Following the completion of the transaction, the chief operating officer directly owned 104,825 shares in the company, valued at $8,179,494.75. This represents a 6.94% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO Matthew J. Murphy purchased 13,600 shares of the business’s stock in a transaction dated Thursday, September 25th. The shares were purchased at an average cost of $77.09 per share, with a total value of $1,048,424.00. Following the purchase, the chief executive officer directly owned 268,637 shares in the company, valued at approximately $20,709,226.33. The trade was a 5.33% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 27,200 shares of company stock worth $2,109,632 over the last ninety days. 0.19% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Zacks Research upgraded shares of Marvell Technology from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 24th. JPMorgan Chase & Co. decreased their price objective on shares of Marvell Technology from $130.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, August 29th. Evercore ISI dropped their price objective on Marvell Technology from $133.00 to $122.00 and set an “outperform” rating on the stock in a report on Friday, August 29th. Weiss Ratings reissued a “hold (c-)” rating on shares of Marvell Technology in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group cut their price target on Marvell Technology from $90.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat.com, Marvell Technology has an average rating of “Moderate Buy” and a consensus price target of $93.06.

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.