Marvell Technology, Inc. $MRVL Position Lessened by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lowered its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 0.3% in the second quarter, HoldingsChannel reports. The firm owned 291,607 shares of the semiconductor company’s stock after selling 739 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Marvell Technology were worth $22,570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in MRVL. Hughes Financial Services LLC acquired a new position in shares of Marvell Technology during the first quarter valued at $26,000. Rossby Financial LCC bought a new stake in Marvell Technology in the 1st quarter valued at about $27,000. Financial Connections Group Inc. lifted its position 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 during the last quarter. Game Plan Financial Advisors LLC acquired a new position in Marvell Technology during the 2nd quarter valued at about $27,000. Finally, Vision Financial Markets LLC acquired a new stake in shares of Marvell Technology in the first quarter valued at approximately $28,000. 83.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Matthew J. Murphy bought 13,600 shares of the firm’s stock in a transaction on Thursday, September 25th. The stock was bought at an average cost of $77.09 per share, for a total transaction of $1,048,424.00. Following the completion of the acquisition, the chief executive officer directly owned 268,637 shares in the company, valued at $20,709,226.33. This represents a 5.33% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Willem A. Meintjes bought 3,400 shares of the company’s 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 completion of the transaction, the chief financial officer owned 132,159 shares of the company’s stock, valued at $10,312,366.77. This represents a 2.64% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 27,200 shares of company stock worth $2,109,632 over the last quarter. 0.19% of the stock is currently owned by insiders.

Marvell Technology Stock Up 1.6%

MRVL opened at $84.13 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.88. The company has a market capitalization of $72.53 billion, a PE ratio of -647.15, a P/E/G ratio of 1.03 and a beta of 1.94. The stock’s fifty day moving average is $77.13 and its 200-day moving average is $70.79. Marvell Technology, Inc. has a one year low of $47.08 and a one year high of $127.48.

Marvell Technology (NASDAQ:MRVL) last released 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. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the company earned $0.30 earnings per share. Marvell Technology’s revenue was up 57.6% compared to the same quarter last year. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, equities analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

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

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Friday, October 10th will be paid a dividend of $0.06 per share. 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 is currently -184.62%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Needham & Company LLC boosted their price objective on Marvell Technology from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, September 25th. Cantor Fitzgerald reiterated a “neutral” rating and set a $75.00 price target on shares of Marvell Technology in a research report on Friday, August 29th. BNP Paribas raised Marvell Technology to a “strong-buy” rating in a research note on Friday, August 29th. UBS Group lifted their price objective on shares of Marvell Technology from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Finally, Summit Redstone set a $105.00 price objective on shares of Marvell Technology in a report on Wednesday, October 15th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $93.06.

Marvell Technology 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.