KBC Group NV Has $63.94 Million Holdings in Marvell Technology, Inc. $MRVL

KBC Group NV lifted its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 125.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 826,119 shares of the semiconductor company’s stock after buying an additional 459,235 shares during the quarter. KBC Group NV owned about 0.10% of Marvell Technology worth $63,942,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Nuveen LLC acquired a new stake in Marvell Technology in the first quarter worth $399,587,000. Goldman Sachs Group Inc. raised its holdings in shares of 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 valued at $1,272,117,000 after purchasing an additional 5,050,159 shares during the period. AQR Capital Management LLC boosted its position in shares of Marvell Technology by 662.9% during the 1st quarter. AQR Capital Management LLC now owns 3,119,855 shares of the semiconductor company’s stock worth $187,566,000 after purchasing an additional 2,710,894 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of Marvell Technology by 48.3% in the 2nd quarter. Nordea Investment Management AB now owns 7,195,669 shares of the semiconductor company’s stock valued at $555,650,000 after buying an additional 2,344,245 shares during the period. Finally, DnB Asset Management AS grew its stake in shares of Marvell Technology by 1,167.6% in the 1st quarter. DnB Asset Management AS now owns 2,015,860 shares of the semiconductor company’s stock valued at $124,116,000 after buying an additional 1,856,833 shares during the period. Institutional investors own 83.51% of the company’s stock.

Marvell Technology Price Performance

Marvell Technology stock opened at $89.33 on Thursday. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week high of $127.48. 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’s 50-day simple moving average is $82.34 and its 200 day simple moving average is $74.20. The stock has a market cap of $77.01 billion, a PE ratio of -687.15, a price-to-earnings-growth ratio of 1.10 and a beta of 1.95.

Marvell Technology (NASDAQ:MRVL) last posted its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, hitting 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 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 firm earned $0.30 EPS. The company’s quarterly 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. Research analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology declared that its board has authorized a share buyback plan on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the semiconductor company to repurchase up to 7.8% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Marvell Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Shareholders of record on Friday, October 10th were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $0.24 annualized dividend and a yield of 0.3%. Marvell Technology’s payout ratio is currently -184.62%.

Insiders Place Their Bets

In related news, insider Sandeep Bharathi purchased 3,400 shares of Marvell Technology stock in a transaction that occurred on Thursday, September 25th. The stock was bought at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the completion of the transaction, the insider owned 73,392 shares in the company, valued at $5,726,777.76. This represents a 4.86% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Chris Koopmans acquired 6,800 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The shares were bought at an average price of $78.03 per share, with a total value of $530,604.00. Following the acquisition, the chief operating officer directly owned 104,825 shares of the company’s stock, valued at $8,179,494.75. The trade was a 6.94% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 27,200 shares of company stock worth $2,109,632 over the last 90 days. Company insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Cantor Fitzgerald reiterated a “neutral” rating and issued a $75.00 price target on shares of Marvell Technology in a report on Friday, August 29th. Evercore ISI cut their target price on Marvell Technology from $133.00 to $122.00 and set an “outperform” rating on the stock in a report on Friday, August 29th. Barclays restated an “equal weight” rating and set a $80.00 price objective on shares of Marvell Technology in a report on Monday, October 20th. TD Cowen reiterated a “hold” rating and set a $85.00 price objective (down from $90.00) on shares of Marvell Technology in a report on Wednesday, October 1st. Finally, Benchmark reissued a “buy” rating and set a $95.00 target price 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Marvell Technology presently 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.