Marvell Technology, Inc. $MRVL Shares Sold by Aberdeen Group plc

Aberdeen Group plc trimmed its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 10.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,115,234 shares of the semiconductor company’s stock after selling 128,667 shares during the period. Aberdeen Group plc owned approximately 0.13% of Marvell Technology worth $86,213,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Lmcg Investments LLC boosted its stake in Marvell Technology by 15.7% in the second quarter. Lmcg Investments LLC now owns 158,658 shares of the semiconductor company’s stock valued at $12,280,000 after acquiring an additional 21,548 shares in the last quarter. PDS Planning Inc acquired a new stake in shares of Marvell Technology during the second quarter worth $238,000. Blue Trust Inc. lifted its stake in shares of Marvell Technology by 36.4% during the second quarter. Blue Trust Inc. now owns 6,777 shares of the semiconductor company’s stock worth $525,000 after buying an additional 1,810 shares during the period. Thompson Investment Management Inc. lifted its stake in shares of Marvell Technology by 39.6% during the second quarter. Thompson Investment Management Inc. now owns 36,430 shares of the semiconductor company’s stock worth $2,820,000 after buying an additional 10,340 shares during the period. Finally, Costello Asset Management INC lifted its stake in shares of Marvell Technology by 31,756.0% during the second quarter. Costello Asset Management INC now owns 63,712 shares of the semiconductor company’s stock worth $4,931,000 after buying an additional 63,512 shares during the period. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Cowen downgraded shares of Marvell Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Marvell Technology from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, September 25th. Wells Fargo & Company lowered their price objective on shares of Marvell Technology from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, August 29th. Melius Research lifted their price objective on shares of Marvell Technology from $67.00 to $76.00 and gave the stock a “hold” rating in a research note on Wednesday, June 18th. Finally, BNP Paribas upgraded shares of Marvell Technology to a “strong-buy” rating in a research note on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, Marvell Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.33.

Marvell Technology Trading Down 5.6%

NASDAQ MRVL opened at $85.61 on Friday. The company has a market capitalization of $73.80 billion, a PE ratio of -658.54, a P/E/G ratio of 1.05 and a beta of 1.94. The company has a fifty day moving average of $75.38 and a 200 day moving average of $68.79. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44.

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

Marvell Technology declared that its board has authorized a share repurchase plan on Wednesday, September 24th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the semiconductor company to buy up to 7.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Marvell Technology Dividend Announcement

The company also recently disclosed 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 of this dividend is Friday, October 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. Marvell Technology’s payout ratio is presently -184.62%.

Insider Buying and Selling

In other news, CEO Matthew J. Murphy acquired 13,600 shares of the business’s stock in a transaction on Thursday, September 25th. The stock was bought at an average price of $77.09 per share, with a total value of $1,048,424.00. Following the completion of the acquisition, the chief executive officer owned 268,637 shares of the company’s stock, valued at approximately $20,709,226.33. This represents a 5.33% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Chris Koopmans acquired 6,800 shares of the business’s stock in a transaction on Thursday, September 25th. The stock was purchased at an average cost of $78.03 per share, with a total value of $530,604.00. Following the acquisition, the chief operating officer directly owned 104,825 shares of the company’s stock, valued at $8,179,494.75. This represents a 6.94% increase in their position. The disclosure for this purchase can be found here. Insiders have 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.

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.