Marvell Technology, Inc. $MRVL Shares Sold by Deltec Asset Management LLC

Deltec Asset Management LLC reduced its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 5.6% in the 2nd quarter, Holdings Channel reports. The firm owned 90,185 shares of the semiconductor company’s stock after selling 5,354 shares during the quarter. Marvell Technology accounts for about 1.2% of Deltec Asset Management LLC’s portfolio, making the stock its 17th largest position. Deltec Asset Management LLC’s holdings in Marvell Technology were worth $6,980,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MRVL. Harbor Capital Advisors Inc. raised its position in Marvell Technology by 0.8% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 19,945 shares of the semiconductor company’s stock valued at $1,544,000 after purchasing an additional 151 shares in the last quarter. CHICAGO TRUST Co NA raised its position in Marvell Technology by 3.5% in the 2nd quarter. CHICAGO TRUST Co NA now owns 4,703 shares of the semiconductor company’s stock valued at $364,000 after purchasing an additional 158 shares in the last quarter. Synovus Financial Corp raised its position in Marvell Technology by 3.5% in the 1st quarter. Synovus Financial Corp now owns 4,791 shares of the semiconductor company’s stock valued at $295,000 after purchasing an additional 161 shares in the last quarter. PFG Investments LLC raised its position in Marvell Technology by 2.6% in the 2nd quarter. PFG Investments LLC now owns 6,757 shares of the semiconductor company’s stock valued at $523,000 after purchasing an additional 174 shares in the last quarter. Finally, V Square Quantitative Management LLC raised its position in Marvell Technology by 1.6% in the 2nd quarter. V Square Quantitative Management LLC now owns 11,032 shares of the semiconductor company’s stock valued at $854,000 after purchasing an additional 177 shares in the last quarter. 83.51% of the stock is owned by institutional investors and hedge funds.

Marvell Technology Trading Up 2.0%

NASDAQ:MRVL opened at $84.08 on Wednesday. The stock’s 50 day moving average price is $73.57 and its 200 day moving average price is $67.81. The company has a market capitalization of $72.48 billion, a PE ratio of -646.75, a P/E/G ratio of 1.01 and a beta of 1.85. 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, Inc. has a 52-week low of $47.08 and a 52-week high of $127.48.

Marvell Technology (NASDAQ:MRVL) last announced its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share 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 company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period last year, the business posted $0.30 EPS. The company’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. On average, research analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Dividend Announcement

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

Marvell Technology announced that its board has approved a stock repurchase plan on Wednesday, September 24th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the semiconductor company to repurchase up to 7.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MRVL shares. Wall Street Zen raised Marvell Technology from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Barclays reissued an “overweight” rating and set a $80.00 target price on shares of Marvell Technology in a research report on Friday, August 29th. Needham & Company LLC raised their target price on Marvell Technology from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, September 25th. Rosenblatt Securities cut their target price on Marvell Technology from $124.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, August 29th. Finally, 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 research report on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $91.17.

Insider Buying and Selling

In other Marvell Technology news, EVP Mark Casper sold 3,000 shares of Marvell Technology stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $72.35, for a total value of $217,050.00. Following the transaction, the executive vice president directly owned 17,163 shares in the company, valued at approximately $1,241,743.05. This trade represents a 14.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Sandeep Bharathi bought 3,400 shares of the stock in a transaction 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 purchase, 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 position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 27,200 shares of company stock worth $2,109,632. 0.33% of the stock is currently owned by insiders.

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.