Banco Santander S.A. Boosts Position in Marvell Technology, Inc. $MRVL

Banco Santander S.A. boosted its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 4,212.3% during the second quarter, Holdings Channel reports. The firm owned 270,596 shares of the semiconductor company’s stock after buying an additional 264,321 shares during the quarter. Banco Santander S.A.’s holdings in Marvell Technology were worth $20,944,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MRVL. Nuveen LLC purchased a new stake in Marvell Technology during the first quarter worth $399,587,000. Goldman Sachs Group Inc. boosted its position 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 purchasing an additional 5,050,159 shares in the last quarter. Impax Asset Management Group plc boosted its position in Marvell Technology by 748.3% during the first quarter. Impax Asset Management Group plc now owns 3,700,841 shares of the semiconductor company’s stock worth $227,033,000 after purchasing an additional 3,264,557 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Marvell Technology by 662.9% in the first quarter. AQR Capital Management LLC now owns 3,119,855 shares of the semiconductor company’s stock valued at $187,566,000 after acquiring an additional 2,710,894 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of Marvell Technology by 48.3% in the second quarter. Nordea Investment Management AB now owns 7,195,669 shares of the semiconductor company’s stock valued at $555,650,000 after acquiring an additional 2,344,245 shares in the last quarter. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Wall Street Zen upgraded Marvell Technology from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. 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 report on Friday, August 29th. Roth Capital restated a “buy” rating on shares of Marvell Technology in a research report on Wednesday, October 15th. Morgan Stanley reduced their price objective on Marvell Technology from $80.00 to $76.00 and set an “equal weight” rating on the stock in a research report on Friday, August 29th. Finally, Bank of America restated a “neutral” rating and issued a $78.00 price objective (down from $90.00) on shares of Marvell Technology in a research report on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Marvell Technology presently has an average rating of “Moderate Buy” and an average target price of $93.06.

Marvell Technology Stock Performance

Marvell Technology stock opened at $84.13 on Monday. The firm has a market capitalization of $72.53 billion, a P/E ratio of -647.15, a PEG ratio of 1.03 and a beta of 1.94. The stock has a fifty day moving average price of $77.13 and a 200 day moving average price of $70.86. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $127.48. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30.

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

Marvell Technology Dividend Announcement

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 $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, October 10th. Marvell Technology’s dividend payout ratio is presently -184.62%.

Marvell Technology announced that its Board of Directors has approved a stock buyback program on Wednesday, September 24th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the semiconductor company to repurchase up to 7.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other news, insider Sandeep Bharathi purchased 3,400 shares of the company’s stock in a transaction on Thursday, September 25th. The stock was bought at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the completion of the purchase, the insider directly owned 73,392 shares of the company’s stock, valued at $5,726,777.76. The trade was a 4.86% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Willem A. Meintjes purchased 3,400 shares of the company’s stock in a transaction on Thursday, September 25th. The shares were purchased at an average price of $78.03 per share, with a total value of $265,302.00. Following the completion of the purchase, the chief financial officer directly owned 132,159 shares of the company’s stock, valued at $10,312,366.77. The trade was a 2.64% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 27,200 shares of company stock valued at $2,109,632. 0.33% of the stock is owned by company insiders.

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.