Marvell Technology, Inc. $MRVL Holdings Decreased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 23.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,032 shares of the semiconductor company’s stock after selling 19,913 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Marvell Technology were worth $5,033,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hughes Financial Services LLC bought a new stake in shares of Marvell Technology during the first quarter valued at about $26,000. Rossby Financial LCC bought a new stake in shares of Marvell Technology during the first quarter valued at about $27,000. Financial Connections Group Inc. grew its holdings in Marvell Technology by 776.0% during the first quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 388 shares during the period. Game Plan Financial Advisors LLC bought a new stake in Marvell Technology in the second quarter worth about $27,000. Finally, Vision Financial Markets LLC bought a new stake in Marvell Technology in the first quarter worth about $28,000. 83.51% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Marvell Technology news, CFO Willem A. Meintjes acquired 3,400 shares of the firm’s stock in a transaction on 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 transaction, the chief financial officer owned 132,159 shares of the company’s stock, valued at $10,312,366.77. The trade was a 2.64% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew J. Murphy acquired 13,600 shares of the firm’s stock in a transaction on Thursday, September 25th. The shares were 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 directly owned 268,637 shares in the company, valued at approximately $20,709,226.33. This trade represents a 5.33% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have bought 27,200 shares of company stock valued at $2,109,632. 0.33% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Summit Redstone set a $105.00 price target on shares of Marvell Technology in a research report on Wednesday, October 15th. Cowen cut shares of Marvell Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, September 30th. The Goldman Sachs Group assumed coverage on shares of Marvell Technology in a research report on Thursday, July 10th. They issued a “neutral” rating and a $75.00 price target on the stock. UBS Group boosted their price target on shares of Marvell Technology from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Finally, Barclays reiterated an “equal weight” rating and issued a $80.00 price target on shares of Marvell Technology in a research report on Monday, October 20th. Two equities 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.06.

Marvell Technology Trading Down 0.3%

Shares of MRVL opened at $88.46 on Wednesday. The business’s 50-day moving average price is $77.70 and its 200 day moving average price is $71.30. The stock has a market capitalization of $76.26 billion, a P/E ratio of -680.46, a P/E/G ratio of 1.08 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 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 issued its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share 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 analysts’ expectations of $2.01 billion. During the same quarter last year, the business posted $0.30 EPS. Marvell Technology’s revenue was up 57.6% on a year-over-year basis. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

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

Marvell Technology Announces Dividend

The firm 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 dividend of $0.06 per share. The ex-dividend date is Friday, October 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. Marvell Technology’s dividend payout ratio (DPR) is presently -184.62%.

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.