Marvell Technology, Inc. $MRVL Shares Sold by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC lessened its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 44.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,944 shares of the semiconductor company’s stock after selling 7,230 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Marvell Technology were worth $693,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Richards Merrill & Peterson Inc. raised its holdings in shares of Marvell Technology by 4.0% during the 2nd quarter. Richards Merrill & Peterson Inc. now owns 3,606 shares of the semiconductor company’s stock worth $279,000 after acquiring an additional 139 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Marvell Technology by 2.7% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,234,650 shares of the semiconductor company’s stock worth $172,962,000 after acquiring an additional 59,718 shares during the period. First Business Financial Services Inc. purchased a new position in shares of Marvell Technology during the 2nd quarter worth $243,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych raised its holdings in shares of Marvell Technology by 32.5% during the 2nd quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 55,000 shares of the semiconductor company’s stock worth $4,257,000 after acquiring an additional 13,500 shares during the period. Finally, Asset Management One Co. Ltd. raised its holdings in shares of Marvell Technology by 2.5% during the 2nd quarter. Asset Management One Co. Ltd. now owns 353,083 shares of the semiconductor company’s stock worth $27,329,000 after acquiring an additional 8,779 shares during the period. Hedge funds and other institutional investors own 83.51% of the company’s stock.

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 on Thursday, September 25th. The shares were bought at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the completion of the purchase, the insider directly owned 73,392 shares of the company’s stock, valued at approximately $5,726,777.76. This trade represents a 4.86% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Chris Koopmans acquired 6,800 shares of the stock in a transaction dated Thursday, September 25th. The shares were bought at an average cost of $78.03 per share, with a total value of $530,604.00. Following the completion of the transaction, the chief operating officer 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 SEC filing for this purchase provides additional information. Insiders have purchased 27,200 shares of company stock valued at $2,109,632 over the last three months. 0.33% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. TD Cowen reiterated a “hold” rating and set a $85.00 price target (down previously from $90.00) on shares of Marvell Technology in a report on Wednesday, October 1st. Roth Capital reiterated a “buy” rating on shares of Marvell Technology in a report on Wednesday, October 15th. Barclays reiterated an “equal weight” rating and set a $80.00 price target on shares of Marvell Technology in a report on Monday, October 20th. Cowen lowered shares of Marvell Technology from a “buy” rating to a “hold” rating in a report on Tuesday, September 30th. Finally, Oppenheimer boosted their price objective on shares of Marvell Technology from $95.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, October 10th. Two investment 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 company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $93.06.

Marvell Technology Stock Down 0.3%

Shares of NASDAQ:MRVL opened at $88.46 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44. The firm has a market capitalization of $76.26 billion, a PE ratio of -680.46, a price-to-earnings-growth ratio of 1.08 and a beta of 1.94. The firm’s 50-day moving average is $77.70 and its two-hundred day moving average is $71.30. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.67. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The business’s revenue for the quarter was up 57.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current year.

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

Marvell Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Friday, October 10th will be paid a dividend of $0.06 per share. The ex-dividend date is 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 is -184.62%.

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.