Marvell Technology, Inc. $MRVL Stake Cut by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC lessened its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 10.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,816 shares of the semiconductor company’s stock after selling 2,509 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Marvell Technology were worth $1,611,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Nuveen LLC bought a new stake in shares of Marvell Technology during the 1st quarter valued at about $399,587,000. Goldman Sachs Group Inc. lifted its holdings in Marvell Technology by 32.3% in 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 acquiring an additional 5,050,159 shares during the last quarter. AQR Capital Management LLC boosted its stake in 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 during the period. Nordea Investment Management AB boosted its stake in 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 during the period. Finally, DnB Asset Management AS grew its holdings in shares of Marvell Technology by 1,167.6% during the first quarter. DnB Asset Management AS now owns 2,015,860 shares of the semiconductor company’s stock valued at $124,116,000 after purchasing an additional 1,856,833 shares during the last quarter. 83.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MRVL has been the topic of several recent research reports. BNP Paribas raised Marvell Technology to a “strong-buy” rating in a report on Friday, August 29th. Roth Capital reaffirmed a “buy” rating on shares of Marvell Technology in a research report on Wednesday, October 15th. Wall Street Zen upgraded Marvell Technology from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. UBS Group boosted their price target on shares of Marvell Technology from $95.00 to $105.00 and gave the company a “buy” rating in a report on Monday, October 13th. Finally, Oppenheimer upped their price target on shares of Marvell Technology from $95.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $93.06.

Insider Activity at Marvell Technology

In other news, COO Chris Koopmans purchased 6,800 shares of the stock in a transaction dated Thursday, September 25th. The shares were bought at an average cost of $78.03 per share, for a total transaction of $530,604.00. Following the transaction, the chief operating officer owned 104,825 shares in the company, valued at $8,179,494.75. This trade represents a 6.94% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Matthew J. Murphy acquired 13,600 shares of the company’s stock in a transaction dated Thursday, September 25th. The stock was purchased at an average cost of $77.09 per share, for a total transaction of $1,048,424.00. Following the purchase, the chief executive officer directly owned 268,637 shares in the company, valued at approximately $20,709,226.33. This represents a 5.33% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 27,200 shares of company stock worth $2,109,632 over the last ninety days. Insiders own 0.19% of the company’s stock.

Marvell Technology Price Performance

Shares of MRVL opened at $93.33 on Friday. Marvell Technology, Inc. has a one year low of $47.08 and a one year high of $127.48. The stock’s fifty day moving average is $80.14 and its 200-day moving average is $73.05. 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 firm has a market capitalization of $80.46 billion, a price-to-earnings ratio of -717.92, a price-to-earnings-growth ratio of 1.10 and a beta of 1.95.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, hitting the consensus estimate of $0.67. The business had revenue of $2.01 billion during 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 quarterly revenue was up 57.6% compared to the same quarter last year. During the same quarter in the prior year, the company 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 EPS for the current year.

Marvell Technology Announces Dividend

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

Marvell Technology declared that its Board of Directors has authorized a stock buyback plan on Wednesday, September 24th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the semiconductor company to reacquire up to 7.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

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.