D.A. Davidson & CO. Reduces Stock Holdings in Marvell Technology, Inc. $MRVL

D.A. Davidson & CO. reduced its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 21.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,876 shares of the semiconductor company’s stock after selling 10,271 shares during the period. D.A. Davidson & CO.’s holdings in Marvell Technology were worth $2,854,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Marvell Technology by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 63,770,122 shares of the semiconductor company’s stock valued at $3,926,326,000 after acquiring an additional 1,212,338 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Marvell Technology by 32.3% during the first quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company’s stock worth $1,272,117,000 after buying an additional 5,050,159 shares in the last quarter. Brown Advisory Inc. boosted its holdings in Marvell Technology by 2.2% during the first quarter. Brown Advisory Inc. now owns 19,300,527 shares of the semiconductor company’s stock worth $1,188,333,000 after buying an additional 423,892 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Marvell Technology by 2.6% during the first quarter. Ameriprise Financial Inc. now owns 8,942,304 shares of the semiconductor company’s stock worth $562,991,000 after buying an additional 227,555 shares in the last quarter. Finally, Pictet Asset Management Holding SA boosted its holdings in Marvell Technology by 6.7% during the first quarter. Pictet Asset Management Holding SA now owns 7,776,196 shares of the semiconductor company’s stock worth $478,794,000 after buying an additional 488,610 shares in the last quarter. 83.51% of the stock is owned by hedge funds and other institutional investors.

Marvell Technology Stock Performance

MRVL opened at $84.13 on Friday. 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 market cap of $72.53 billion, a price-to-earnings ratio of -647.15, a PEG ratio of 1.03 and a beta of 1.94. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $127.48. The firm’s fifty day simple moving average is $77.13 and its two-hundred day simple moving average is $70.79.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, meeting the consensus estimate 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%. The company’s revenue was up 57.6% compared to the same quarter last year. During the same period last year, the firm posted $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Equities analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

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

Marvell Technology declared that its board has authorized a stock buyback program on Wednesday, September 24th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to repurchase up to 7.8% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of analysts recently issued reports on MRVL shares. UBS Group increased their price target on shares of Marvell Technology from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Barclays reissued an “equal weight” rating and set a $80.00 price target on shares of Marvell Technology in a report on Monday, October 20th. TD Cowen reissued a “hold” rating and set a $85.00 price target (down from $90.00) on shares of Marvell Technology in a report on Wednesday, October 1st. The Goldman Sachs Group started coverage on shares of Marvell Technology in a report on Thursday, July 10th. They set a “neutral” rating and a $75.00 price target on the stock. Finally, Bank of America reissued a “neutral” rating and set a $78.00 price target (down from $90.00) on shares of Marvell Technology in a report on Friday, August 29th. Two research 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. According to data from MarketBeat.com, Marvell Technology has an average rating of “Moderate Buy” and an average target price of $93.06.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, insider Sandeep Bharathi purchased 3,400 shares of the firm’s stock in a transaction dated Thursday, September 25th. The shares were purchased at an average cost of $78.03 per share, with a total value of $265,302.00. Following the completion of the purchase, the insider owned 73,392 shares in the company, valued at approximately $5,726,777.76. This represents a 4.86% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, COO Chris Koopmans purchased 6,800 shares of the firm’s stock in a transaction dated Thursday, September 25th. The stock was acquired at an average cost of $78.03 per share, for a total transaction of $530,604.00. Following the completion of the purchase, 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 disclosure for this purchase can be found here. In the last three months, insiders bought 27,200 shares of company stock valued at $2,109,632. Corporate insiders own 0.19% of the company’s stock.

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.