US Bancorp DE Sells 5,196 Shares of Marvell Technology, Inc. $MRVL

US Bancorp DE cut its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 3.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 139,488 shares of the semiconductor company’s stock after selling 5,196 shares during the quarter. US Bancorp DE’s holdings in Marvell Technology were worth $10,797,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. lifted its position in shares of Marvell Technology by 0.8% during the second quarter. Harbor Capital Advisors Inc. now owns 19,945 shares of the semiconductor company’s stock valued at $1,544,000 after buying an additional 151 shares during the last quarter. CHICAGO TRUST Co NA raised its position in shares of 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 during the last quarter. Synovus Financial Corp raised its position in shares of 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 during the last quarter. PFG Investments LLC raised its position in shares of 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 during the last quarter. Finally, V Square Quantitative Management LLC raised its position in shares of 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 during the last quarter. 83.51% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Marvell Technology news, EVP Mark Casper sold 3,000 shares of the company’s 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 sale, the executive vice president owned 17,163 shares in the company, valued at approximately $1,241,743.05. This represents a 14.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Chris Koopmans acquired 6,800 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 $530,604.00. Following the transaction, the chief operating officer owned 104,825 shares in the company, valued at approximately $8,179,494.75. This represents a 6.94% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 27,200 shares of company stock worth $2,109,632. Corporate insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Benchmark reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Marvell Technology in a research report on Friday, August 29th. Evercore ISI decreased their price objective on shares of Marvell Technology from $133.00 to $122.00 and set an “outperform” rating for the company in a research report on Friday, August 29th. Bank of America reiterated a “neutral” rating and issued a $78.00 price target (down previously from $90.00) on shares of Marvell Technology in a report on Friday, August 29th. UBS Group cut their price target on shares of Marvell Technology from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, August 29th. Finally, Morgan Stanley cut their price target on shares of Marvell Technology from $80.00 to $76.00 and set an “equal weight” rating on the stock in a report on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $92.33.

Marvell Technology Trading Down 5.6%

Marvell Technology stock opened at $85.61 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month high of $127.48. The stock’s 50 day simple moving average is $75.38 and its two-hundred day simple moving average is $68.79. The firm has a market cap of $73.80 billion, a PE ratio of -658.54, a P/E/G ratio of 1.05 and a beta of 1.94.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings data 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 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 analyst estimates of $2.01 billion. During the same quarter in the prior year, the firm posted $0.30 EPS. The business’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. Analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology declared that its Board of Directors has initiated a share repurchase plan on Wednesday, September 24th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to buy up to 7.8% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Marvell Technology Announces Dividend

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

Marvell Technology Company 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.