TD Asset Management Inc Decreases Position in Marvell Technology, Inc. $MRVL

TD Asset Management Inc lessened its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 79.3% during the second quarter, HoldingsChannel reports. The firm owned 260,816 shares of the semiconductor company’s stock after selling 998,633 shares during the period. TD Asset Management Inc’s holdings in Marvell Technology were worth $20,187,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Dynamic Advisor Solutions LLC lifted its position in shares of Marvell Technology by 5.0% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 4,313 shares of the semiconductor company’s stock valued at $266,000 after buying an additional 206 shares during the last quarter. Sagespring Wealth Partners LLC lifted its holdings in Marvell Technology by 9.5% during the first quarter. Sagespring Wealth Partners LLC now owns 4,093 shares of the semiconductor company’s stock valued at $252,000 after purchasing an additional 355 shares during the last quarter. Insigneo Advisory Services LLC boosted its position in Marvell Technology by 22.1% during the first quarter. Insigneo Advisory Services LLC now owns 3,954 shares of the semiconductor company’s stock worth $243,000 after purchasing an additional 716 shares during the period. Cornerstone Wealth Management LLC boosted its position in Marvell Technology by 77.2% during the first quarter. Cornerstone Wealth Management LLC now owns 5,931 shares of the semiconductor company’s stock worth $365,000 after purchasing an additional 2,583 shares during the period. Finally, Kingswood Wealth Advisors LLC increased its stake in shares of Marvell Technology by 146.6% in the first quarter. Kingswood Wealth Advisors LLC now owns 18,392 shares of the semiconductor company’s stock worth $1,149,000 after purchasing an additional 10,935 shares in the last quarter. 83.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Marvell Technology in a research note on Wednesday, October 8th. Morgan Stanley dropped their target price on Marvell Technology from $80.00 to $76.00 and set an “equal weight” rating on the stock in a research report on Friday, August 29th. Evercore ISI reduced their price target on Marvell Technology from $133.00 to $122.00 and set an “outperform” rating for the company in a research report on Friday, August 29th. Cantor Fitzgerald reiterated a “neutral” rating and set a $75.00 price objective on shares of Marvell Technology in a research note on Friday, August 29th. Finally, Summit Redstone set a $105.00 target price on Marvell Technology in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $93.06.

Marvell Technology Stock Down 0.3%

Shares of NASDAQ:MRVL opened at $87.95 on Friday. The firm has a fifty day moving average price of $76.56 and a two-hundred day moving average price of $69.62. The company has a market cap of $75.82 billion, a price-to-earnings ratio of -676.54, a PEG ratio of 1.08 and a beta of 1.94. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44. Marvell Technology, Inc. has a one year low of $47.08 and a one year high of $127.48.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.67. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.01 billion. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The firm’s revenue was up 57.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Friday, October 10th will be given 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 is -184.62%.

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

Insider Activity at Marvell Technology

In related news, insider Sandeep Bharathi bought 3,400 shares of the company’s stock in a transaction on Thursday, September 25th. The stock was acquired at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the completion of the transaction, the insider directly owned 73,392 shares in the company, valued at $5,726,777.76. This trade represents a 4.86% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Willem A. Meintjes purchased 3,400 shares of the firm’s stock in a transaction dated Thursday, September 25th. The stock was bought at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the acquisition, the chief financial officer directly owned 132,159 shares in the company, valued at approximately $10,312,366.77. The trade was a 2.64% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 27,200 shares of company stock valued at $2,109,632. Company insiders own 0.19% of the company’s stock.

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.