Shell Asset Management Co. Grows Holdings in Marvell Technology, Inc. $MRVL

Shell Asset Management Co. raised its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 155.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,573 shares of the semiconductor company’s stock after purchasing an additional 28,936 shares during the period. Shell Asset Management Co.’s holdings in Marvell Technology were worth $3,682,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hughes Financial Services LLC purchased a new position in Marvell Technology in the 1st quarter valued at about $26,000. Financial Connections Group Inc. lifted its holdings in Marvell Technology by 776.0% in the 1st quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 388 shares in the last quarter. DiNuzzo Private Wealth Inc. lifted its holdings in Marvell Technology by 786.0% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 443 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 393 shares in the last quarter. Rossby Financial LCC purchased a new position in Marvell Technology in the 1st quarter valued at about $27,000. Finally, Vision Financial Markets LLC purchased a new position in Marvell Technology in the 1st quarter valued at about $28,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Matthew J. Murphy purchased 13,600 shares of the firm’s stock in a transaction dated Thursday, September 25th. The stock was acquired at an average price of $77.09 per share, with a total value of $1,048,424.00. Following the completion of the transaction, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Chris Koopmans purchased 6,800 shares of the firm’s 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 transaction, the chief operating officer directly 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 disclosure for this purchase can be found here. Insiders have acquired 27,200 shares of company stock valued at $2,109,632 over the last three months. Company insiders own 0.33% of the company’s stock.

Marvell Technology Stock Down 2.2%

MRVL opened at $86.97 on Wednesday. The firm has a 50 day moving average price of $74.74 and a 200 day moving average price of $68.39. The company has a market cap of $74.98 billion, a PE ratio of -669.00, a price-to-earnings-growth ratio of 1.09 and a beta of 1.94. 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 quick ratio of 1.44 and a current ratio of 1.88.

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, hitting analysts’ consensus estimates of $0.67. The firm had revenue of $2.01 billion during 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%. The company’s revenue was up 57.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Sell-side analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology announced that its board has authorized a share 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 shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Marvell Technology Announces Dividend

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 given a $0.06 dividend. The ex-dividend date of this dividend 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 Ratings Changes

Several research analysts have recently weighed in on the stock. Zacks Research upgraded shares of Marvell Technology from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 24th. Wall Street Zen upgraded shares of Marvell Technology from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Cantor Fitzgerald reiterated a “neutral” rating and set a $75.00 price objective on shares of Marvell Technology in a report on Friday, August 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Marvell Technology in a report on Saturday, September 27th. Finally, Melius Research increased their price objective on shares of Marvell Technology from $67.00 to $76.00 and gave the stock a “hold” rating in a report on Wednesday, June 18th. 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 company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.67.

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.