Marvell Technology, Inc. $MRVL Shares Bought by Police & Firemen s Retirement System of New Jersey

Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 5.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 131,371 shares of the semiconductor company’s stock after acquiring an additional 6,554 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Marvell Technology were worth $10,168,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. First Horizon Advisors Inc. grew its stake in Marvell Technology by 6.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,115 shares of the semiconductor company’s stock valued at $164,000 after purchasing an additional 137 shares in the last quarter. Richards Merrill & Peterson Inc. boosted its stake in shares of Marvell Technology by 4.0% during the 2nd quarter. Richards Merrill & Peterson Inc. now owns 3,606 shares of the semiconductor company’s stock valued at $279,000 after buying an additional 139 shares during the last quarter. Retirement Planning Group LLC NY grew its position in shares of Marvell Technology by 4.0% during the second quarter. Retirement Planning Group LLC NY now owns 3,722 shares of the semiconductor company’s stock worth $288,000 after buying an additional 142 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Marvell Technology by 0.8% in the second quarter. Harbor Capital Advisors Inc. now owns 19,945 shares of the semiconductor company’s stock worth $1,544,000 after buying an additional 151 shares during the last quarter. Finally, Mayflower Financial Advisors LLC increased its stake in shares of Marvell Technology by 3.4% in the second quarter. Mayflower Financial Advisors LLC now owns 4,579 shares of the semiconductor company’s stock worth $354,000 after buying an additional 151 shares during the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Insider Activity

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

Analyst Upgrades and Downgrades

MRVL has been the subject of several recent analyst reports. Benchmark reissued a “buy” rating and set a $95.00 price objective on shares of Marvell Technology in a report on Friday, August 29th. Jefferies Financial Group decreased their price target on Marvell Technology from $90.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, August 29th. Zacks Research raised Marvell Technology from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 24th. Bank of America reaffirmed a “neutral” rating and set a $78.00 target price (down previously from $90.00) on shares of Marvell Technology in a report on Friday, August 29th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $75.00 target price on shares of Marvell Technology in a research report on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $93.06.

Marvell Technology Stock Performance

Shares of MRVL stock opened at $87.52 on Friday. The company has a market cap of $75.45 billion, a P/E ratio of -673.23, a PEG ratio of 1.10 and a beta of 1.95. The business has a 50 day moving average of $82.81 and a two-hundred day moving average of $74.30. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $127.48. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.67. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the business posted $0.30 EPS. The business’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. As a group, analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology declared that its Board of Directors has initiated a stock 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 repurchase up to 7.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Marvell Technology Dividend Announcement

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

About Marvell Technology

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.