Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 18,400 Shares of Marvell Technology, Inc. $MRVL

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 10.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 188,547 shares of the semiconductor company’s stock after purchasing an additional 18,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Marvell Technology were worth $14,594,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Hughes Financial Services LLC bought a new position in Marvell Technology during the first quarter worth about $26,000. Rossby Financial LCC bought a new position in Marvell Technology in the 1st quarter worth approximately $27,000. Financial Connections Group Inc. boosted 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 worth $27,000 after buying an additional 388 shares during the period. Game Plan Financial Advisors LLC bought a new position in Marvell Technology in the 2nd quarter worth approximately $27,000. Finally, Vision Financial Markets LLC bought a new position in Marvell Technology in the 1st quarter worth approximately $28,000. Institutional investors own 83.51% of the company’s stock.

Wall Street Analyst Weigh In

MRVL has been the subject of a number of analyst reports. The Goldman Sachs Group initiated coverage on Marvell Technology in a report on Thursday, July 10th. They issued a “neutral” rating and a $75.00 price target for the company. Morgan Stanley cut their target price on Marvell Technology from $80.00 to $76.00 and set an “equal weight” rating for the company in a research note on Friday, August 29th. Oppenheimer raised their target price on Marvell Technology from $95.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. Zacks Research upgraded Marvell Technology from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 24th. Finally, Wells Fargo & Company cut 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 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $93.06.

Marvell Technology Stock Performance

Shares of MRVL opened at $88.46 on Wednesday. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $127.48. The company has a market cap of $76.26 billion, a PE ratio of -680.46, a price-to-earnings-growth ratio of 1.08 and a beta of 1.94. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The stock has a 50-day moving average price of $77.70 and a 200-day moving average price of $71.30.

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

Marvell Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders 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 payout ratio is -184.62%.

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

Insider Transactions at Marvell Technology

In other news, COO Chris Koopmans purchased 6,800 shares of the company’s stock in a transaction on Thursday, September 25th. The stock was purchased at an average price of $78.03 per share, with a total value of $530,604.00. Following the completion of the purchase, the chief operating officer directly owned 104,825 shares in the company, valued at approximately $8,179,494.75. This trade represents a 6.94% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Sandeep Bharathi purchased 3,400 shares of the company’s stock in a transaction on 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 purchase, the insider owned 73,392 shares of the company’s stock, valued at approximately $5,726,777.76. The trade was a 4.86% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders bought 27,200 shares of company stock worth $2,109,632. 0.33% of the stock is currently 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.