Marvell Technology, Inc. $MRVL Shares Sold by OFI Invest Asset Management

OFI Invest Asset Management lowered its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 1.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 349,846 shares of the semiconductor company’s stock after selling 3,851 shares during the quarter. OFI Invest Asset Management’s holdings in Marvell Technology were worth $27,078,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Harbor Capital Advisors Inc. increased its stake in shares of Marvell Technology by 0.8% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 19,945 shares of the semiconductor company’s stock valued at $1,544,000 after acquiring an additional 151 shares during the last quarter. CHICAGO TRUST Co NA grew its holdings in shares of Marvell Technology by 3.5% during the 2nd quarter. CHICAGO TRUST Co NA now owns 4,703 shares of the semiconductor company’s stock worth $364,000 after purchasing an additional 158 shares during the period. Synovus Financial Corp grew its holdings in shares of Marvell Technology by 3.5% during the 1st quarter. Synovus Financial Corp now owns 4,791 shares of the semiconductor company’s stock worth $295,000 after purchasing an additional 161 shares during the period. PFG Investments LLC grew its holdings in shares of Marvell Technology by 2.6% during the 2nd quarter. PFG Investments LLC now owns 6,757 shares of the semiconductor company’s stock worth $523,000 after purchasing an additional 174 shares during the period. Finally, V Square Quantitative Management LLC grew its holdings in shares of Marvell Technology by 1.6% during the 2nd quarter. V Square Quantitative Management LLC now owns 11,032 shares of the semiconductor company’s stock worth $854,000 after purchasing an additional 177 shares during the period. Institutional investors and hedge funds own 83.51% of the company’s stock.

Insider Buying and Selling

In other Marvell Technology news, insider Sandeep Bharathi bought 3,400 shares of the business’s stock in a transaction on Thursday, September 25th. The shares were bought at an average cost of $78.03 per share, with a total value of $265,302.00. Following the transaction, the insider directly owned 73,392 shares in the company, valued at approximately $5,726,777.76. This trade represents a 4.86% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Mark Casper sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $72.35, for a total value of $217,050.00. Following the completion of the sale, the executive vice president owned 17,163 shares of the company’s stock, valued at $1,241,743.05. This trade represents a 14.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders acquired a total of 27,200 shares of company stock worth $2,109,632 over the last 90 days. 0.19% of the stock is currently owned by corporate insiders.

Marvell Technology Stock Performance

Shares of MRVL opened at $85.61 on Friday. The business’s 50 day moving average is $75.38 and its two-hundred day moving average is $68.79. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $127.48. The firm has a market cap of $73.80 billion, a price-to-earnings ratio of -658.54, a PEG ratio of 1.05 and a beta of 1.94. 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 earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 analyst estimates of $2.01 billion. During the same period in the prior year, the company posted $0.30 EPS. Marvell Technology’s quarterly 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. Analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology announced that its Board of Directors has authorized a share buyback plan on Wednesday, September 24th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the semiconductor company to purchase up to 7.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Marvell Technology Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, October 10th. Marvell Technology’s dividend payout ratio is presently -184.62%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MRVL. Melius Research boosted their target price on Marvell Technology from $67.00 to $76.00 and gave the stock a “hold” rating in a report on Wednesday, June 18th. Evercore ISI decreased their target price on Marvell Technology from $133.00 to $122.00 and set an “outperform” rating for the company in a report on Friday, August 29th. Wells Fargo & Company decreased their target price on Marvell Technology from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, August 29th. Cowen cut Marvell Technology from a “buy” rating to a “hold” rating in a report on Tuesday, September 30th. Finally, TD Cowen reiterated a “hold” rating and set a $85.00 target price (down previously from $90.00) on shares of Marvell Technology in a report on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $92.33.

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.