Grassi Investment Management Increases Position in Marvell Technology, Inc. $MRVL

Grassi Investment Management grew its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 7.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,375 shares of the semiconductor company’s stock after purchasing an additional 2,050 shares during the period. Grassi Investment Management’s holdings in Marvell Technology were worth $2,274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in MRVL. Taylor Frigon Capital Management LLC grew its holdings in Marvell Technology by 16.5% in the 2nd quarter. Taylor Frigon Capital Management LLC now owns 33,605 shares of the semiconductor company’s stock valued at $2,601,000 after buying an additional 4,748 shares in the last quarter. Westbourne Investments Inc. grew its holdings in Marvell Technology by 442.4% in the 2nd quarter. Westbourne Investments Inc. now owns 21,695 shares of the semiconductor company’s stock valued at $1,679,000 after buying an additional 17,695 shares in the last quarter. BOCHK Asset Management Ltd purchased a new stake in shares of Marvell Technology in the second quarter valued at about $1,486,000. Family Legacy Financial Solutions LLC purchased a new stake in shares of Marvell Technology in the second quarter valued at about $1,618,000. Finally, Siren L.L.C. grew its holdings in shares of Marvell Technology by 636.2% in the first quarter. Siren L.L.C. now owns 36,808 shares of the semiconductor company’s stock valued at $2,266,000 after purchasing an additional 31,808 shares during the period. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on MRVL shares. Wall Street Zen raised shares of Marvell Technology from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Bank of America reissued a “neutral” rating and issued a $78.00 price target (down previously from $90.00) on shares of Marvell Technology in a research note on Friday, August 29th. BNP Paribas upgraded Marvell Technology to a “strong-buy” rating in a research report on Friday, August 29th. Benchmark reiterated a “buy” rating and issued a $95.00 price objective on shares of Marvell Technology in a research report on Friday, August 29th. Finally, Evercore ISI lowered their price objective on Marvell Technology from $133.00 to $122.00 and set an “outperform” rating for the company in a research report on Friday, August 29th. Two investment 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 company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $91.67.

Marvell Technology Trading Up 0.0%

MRVL opened at $86.22 on Friday. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $127.48. The business has a fifty day simple moving average of $74.27 and a 200-day simple moving average of $68.16. The firm has a market cap of $74.33 billion, a P/E ratio of -663.23, a P/E/G ratio of 1.06 and a beta of 1.94. 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 earnings results on Thursday, August 28th. The semiconductor company reported $0.67 EPS 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 during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period last year, the business posted $0.30 EPS. Marvell Technology’s revenue for the quarter was up 57.6% on a year-over-year basis. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, equities analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Friday, October 10th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. Marvell Technology’s dividend payout ratio (DPR) is presently -184.62%.

Marvell Technology announced that its Board of Directors has initiated a share buyback program on Wednesday, September 24th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the semiconductor company to purchase up to 7.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other Marvell Technology news, COO Chris Koopmans purchased 6,800 shares of the firm’s stock in a transaction on Thursday, September 25th. The stock was bought at an average price of $78.03 per share, with a total value of $530,604.00. Following the transaction, the chief operating officer directly owned 104,825 shares of the company’s stock, valued at approximately $8,179,494.75. This represents a 6.94% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark Casper sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $72.35, for a total transaction of $217,050.00. Following the completion of the transaction, the executive vice president directly owned 17,163 shares of the company’s stock, valued at $1,241,743.05. This represents a 14.88% decrease in their position. The disclosure for this sale can be found here. Insiders have bought a total of 27,200 shares of company stock worth $2,109,632 over the last three months. 0.19% of the stock is owned by insiders.

Marvell Technology Company 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.