Marvell Technology, Inc. $MRVL Shares Acquired by Clal Insurance Enterprises Holdings Ltd

Clal Insurance Enterprises Holdings Ltd lifted its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 548.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 482,451 shares of the semiconductor company’s stock after purchasing an additional 408,000 shares during the quarter. Clal Insurance Enterprises Holdings Ltd owned about 0.06% of Marvell Technology worth $37,342,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Nuveen LLC purchased a new stake in Marvell Technology in the 1st quarter valued at $399,587,000. Goldman Sachs Group Inc. raised its holdings in shares of Marvell Technology by 32.3% during the 1st 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 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 valued at $187,566,000 after acquiring an additional 2,710,894 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of 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 purchasing an additional 2,344,245 shares during the period. Finally, DnB Asset Management AS increased its position in 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 worth $124,116,000 after purchasing an additional 1,856,833 shares during the last quarter. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Analyst Ratings Changes

MRVL has been the subject of several analyst reports. UBS Group increased their price target on shares of Marvell Technology from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Monday, October 13th. The Goldman Sachs Group upped their price objective on Marvell Technology from $72.00 to $80.00 and gave the company a “neutral” rating in a report on Tuesday. JPMorgan Chase & Co. cut their target price on Marvell Technology from $130.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, August 29th. Zacks Research upgraded Marvell Technology from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 24th. Finally, Roth Capital reiterated a “buy” rating on shares of Marvell Technology in a report on Wednesday, October 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.23.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, insider Sandeep Bharathi acquired 3,400 shares of the company’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 $265,302.00. Following the completion of the acquisition, the insider owned 73,392 shares of the company’s stock, valued at approximately $5,726,777.76. This trade represents a 4.86% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Chris Koopmans bought 6,800 shares of Marvell Technology stock in a transaction on Thursday, September 25th. The shares were acquired at an average price of $78.03 per share, for a total transaction of $530,604.00. Following the completion of the acquisition, the chief operating officer owned 104,825 shares in the company, valued at $8,179,494.75. This represents a 6.94% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders acquired 27,200 shares of company stock worth $2,109,632. 0.19% of the stock is owned by company insiders.

Marvell Technology Stock Down 5.7%

NASDAQ:MRVL opened at $78.68 on Wednesday. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $127.48. The stock’s fifty day moving average is $83.86 and its two-hundred day moving average is $74.99. The stock has a market capitalization of $67.83 billion, a price-to-earnings ratio of -605.23, a price-to-earnings-growth ratio of 1.10 and a beta of 1.95. 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 posted its quarterly earnings data 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 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 the consensus estimate of $2.01 billion. During the same quarter in the previous year, the business 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 anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Friday, October 10th were paid a $0.06 dividend. 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 dividend payout ratio (DPR) is presently -184.62%.

Marvell Technology announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, September 24th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 7.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are 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.