Mitsubishi UFJ Asset Management Co. Ltd. Buys 44,712 Shares of Marvell Technology, Inc. $MRVL

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 5.7% during the second quarter, HoldingsChannel.com reports. The fund owned 828,515 shares of the semiconductor company’s stock after acquiring an additional 44,712 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Marvell Technology were worth $64,127,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Freemont Management S.A. raised its holdings in shares of Marvell Technology by 30.9% in the second quarter. Freemont Management S.A. now owns 14,400 shares of the semiconductor company’s stock worth $1,115,000 after buying an additional 3,400 shares during the period. Aviva PLC raised its holdings in shares of Marvell Technology by 6.7% in the 2nd quarter. Aviva PLC now owns 646,498 shares of the semiconductor company’s stock valued at $50,039,000 after purchasing an additional 40,570 shares in the last quarter. Los Angeles Capital Management LLC boosted its position in Marvell Technology by 2,495.2% during the 2nd quarter. Los Angeles Capital Management LLC now owns 779,908 shares of the semiconductor company’s stock valued at $60,365,000 after acquiring an additional 749,856 shares in the last quarter. Prospera Financial Services Inc lifted its position in shares of Marvell Technology by 206.2% during the second quarter. Prospera Financial Services Inc now owns 49,539 shares of the semiconductor company’s stock valued at $3,835,000 after buying an additional 33,361 shares during the last quarter. Finally, AGF Management Ltd. acquired a new stake in Marvell Technology in the second quarter valued at approximately $885,000. 83.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

MRVL has been the subject of a number of research reports. Jefferies Financial Group lowered their price target on Marvell Technology from $90.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, August 29th. Bank of America reiterated a “neutral” rating and set a $78.00 target price (down previously from $90.00) on shares of Marvell Technology in a research report on Friday, August 29th. Morgan Stanley cut their price target on shares of Marvell Technology from $80.00 to $76.00 and set an “equal weight” rating for the company in a report on Friday, August 29th. Cantor Fitzgerald restated a “neutral” rating and set a $75.00 price objective on shares of Marvell Technology in a research report on Friday, August 29th. Finally, TD Cowen reiterated a “hold” rating and issued a $85.00 target price (down previously from $90.00) on shares of Marvell Technology in a research report on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat.com, Marvell Technology currently has a consensus rating of “Moderate Buy” and an average price target of $93.06.

Insider Buying and Selling

In other news, COO Chris Koopmans acquired 6,800 shares of the business’s stock in a transaction on Thursday, September 25th. The stock was bought at an average price of $78.03 per share, for a total transaction of $530,604.00. Following the transaction, the chief operating officer owned 104,825 shares in the company, valued at $8,179,494.75. This represents a 6.94% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Sandeep Bharathi bought 3,400 shares of the stock in a transaction dated Thursday, September 25th. The stock was purchased at an average cost 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 approximately $5,726,777.76. This represents a 4.86% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought 27,200 shares of company stock valued at $2,109,632 in the last ninety days. Company insiders own 0.19% of the company’s stock.

Marvell Technology Stock Performance

NASDAQ:MRVL opened at $90.92 on Monday. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $127.48. The company 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 has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. The company has a fifty day simple moving average of $80.70 and a two-hundred day simple moving average of $73.63.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.67. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The company’s revenue for the quarter was up 57.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, equities analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Shareholders of record on Friday, October 10th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Friday, October 10th. Marvell Technology’s dividend payout ratio (DPR) is presently -184.62%.

Marvell Technology declared that its board has initiated a stock repurchase program on Wednesday, September 24th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the semiconductor company to reacquire up to 7.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

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.