Marvell Technology, Inc. $MRVL Position Decreased by Forsta AP Fonden

Forsta AP Fonden lowered its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 3.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 177,300 shares of the semiconductor company’s stock after selling 6,800 shares during the quarter. Forsta AP Fonden’s holdings in Marvell Technology were worth $13,723,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Financial Connections Group Inc. grew its position in Marvell Technology by 776.0% in the first quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock worth $27,000 after buying an additional 388 shares during the last quarter. Game Plan Financial Advisors LLC bought a new stake in shares of Marvell Technology during the 2nd quarter worth $27,000. Vision Financial Markets LLC acquired a new position in shares of Marvell Technology in the 1st quarter worth $28,000. Kiker Wealth Management LLC raised its position in shares of 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 purchasing an additional 281 shares during the period. Finally, Westside Investment Management Inc. raised its position in shares of Marvell Technology by 62.5% during the second quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 160 shares during the period. 83.51% of the stock is owned by institutional investors and hedge funds.

Marvell Technology Price Performance

MRVL opened at $89.33 on Thursday. The stock has a fifty day moving average price of $82.34 and a 200 day moving average price of $74.20. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48. The stock has a market cap of $77.01 billion, a price-to-earnings ratio of -687.15, a PEG 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, hitting analysts’ consensus estimates of $0.67. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The business’s quarterly revenue was up 57.6% on a year-over-year basis. During the same period last year, the business earned $0.30 EPS. 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 fiscal 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 given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Friday, October 10th. Marvell Technology’s payout ratio is currently -184.62%.

Marvell Technology announced that its board has initiated a stock repurchase program on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the semiconductor company to buy up to 7.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MRVL. Barclays reissued an “equal weight” rating and issued a $80.00 price target on shares of Marvell Technology in a research note on Monday, October 20th. BNP Paribas raised shares of Marvell Technology to a “strong-buy” rating in a research report on Friday, August 29th. TD Cowen restated a “hold” rating and issued a $85.00 price target (down previously from $90.00) on shares of Marvell Technology in a research report on Wednesday, October 1st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Marvell Technology in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Marvell Technology from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and thirteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Marvell Technology has an average rating of “Moderate Buy” and a consensus price target of $93.06.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, insider Sandeep Bharathi purchased 3,400 shares of the business’s stock in a transaction dated Thursday, September 25th. The shares were acquired 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 of the company’s stock, valued at $5,726,777.76. This trade represents a 4.86% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Willem A. Meintjes acquired 3,400 shares of Marvell Technology stock in a transaction that occurred on Thursday, September 25th. The stock was acquired at an average cost of $78.03 per share, with a total value of $265,302.00. Following the purchase, the chief financial officer owned 132,159 shares in the company, valued at $10,312,366.77. The trade was a 2.64% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have purchased 27,200 shares of company stock worth $2,109,632. Company insiders own 0.33% of the company’s stock.

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.