674,500 Shares in Marvell Technology, Inc. $MRVL Acquired by FengHe Fund Management Pte. Ltd.

FengHe Fund Management Pte. Ltd. purchased a new position in Marvell Technology, Inc. (NASDAQ:MRVL) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 674,500 shares of the semiconductor company’s stock, valued at approximately $52,206,000. Marvell Technology makes up 8.6% of FengHe Fund Management Pte. Ltd.’s portfolio, making the stock its 4th biggest holding.

Other institutional investors also recently modified their holdings of the company. Nuveen LLC acquired a new position in shares of Marvell Technology in the 1st quarter valued at about $399,587,000. Goldman Sachs Group Inc. grew its stake in Marvell Technology by 32.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company’s stock valued at $1,272,117,000 after buying an additional 5,050,159 shares during the last quarter. Impax Asset Management Group plc grew its position in shares of Marvell Technology by 748.3% in the first quarter. Impax Asset Management Group plc now owns 3,700,841 shares of the semiconductor company’s stock valued at $227,033,000 after purchasing an additional 3,264,557 shares during the last quarter. AQR Capital Management LLC grew its holdings in Marvell Technology by 662.9% in the 1st quarter. AQR Capital Management LLC now owns 3,119,855 shares of the semiconductor company’s stock valued at $187,566,000 after buying an additional 2,710,894 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Marvell Technology by 8,128.6% in the first quarter. Assenagon Asset Management S.A. now owns 2,460,851 shares of the semiconductor company’s stock worth $151,515,000 after acquiring an additional 2,430,945 shares during the last quarter. Institutional investors own 83.51% of the company’s stock.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, CEO Matthew J. Murphy acquired 13,600 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were acquired at an average price of $77.09 per share, with a total value of $1,048,424.00. Following the purchase, the chief executive officer owned 268,637 shares of the company’s stock, valued at $20,709,226.33. This represents a 5.33% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Willem A. Meintjes acquired 3,400 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were acquired at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the purchase, the chief financial officer directly owned 132,159 shares in the company, valued at $10,312,366.77. This trade represents a 2.64% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 27,200 shares of company stock worth $2,109,632 in the last three months. 0.19% of the stock is owned by insiders.

Marvell Technology Trading Down 0.2%

NASDAQ:MRVL opened at $83.89 on Thursday. Marvell Technology, Inc. has a 1-year low of $47.08 and a 1-year high of $127.48. The business’s 50-day moving average price is $73.78 and its two-hundred day moving average price is $67.92. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $72.32 billion, a price-to-earnings ratio of -645.31, a PEG ratio of 1.03 and a beta of 1.94.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.67. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.01 billion. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. Marvell Technology’s revenue for the quarter was up 57.6% on a year-over-year basis. During the same period last year, the company posted $0.30 EPS. 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 announced that its Board of Directors has approved a share repurchase 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 purchase up to 7.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Marvell Technology Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Morgan Stanley decreased their price target on shares of Marvell Technology from $80.00 to $76.00 and set an “equal weight” rating on the stock in a research note on Friday, August 29th. Melius Research boosted their target price on Marvell Technology from $67.00 to $76.00 and gave the stock a “hold” rating in a report on Wednesday, June 18th. Evercore ISI reduced their price objective on Marvell Technology from $133.00 to $122.00 and set an “outperform” rating on the stock in a research note on Friday, August 29th. Oppenheimer reissued an “outperform” rating and issued a $95.00 price objective on shares of Marvell Technology in a research note on Friday, August 29th. Finally, Bank of America reiterated a “neutral” rating and set a $78.00 price target (down previously from $90.00) on shares of Marvell Technology in a research report on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.67.

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.