Davis R M Inc. Purchases 50,231 Shares of Marvell Technology, Inc. $MRVL

Davis R M Inc. increased its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 7.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 694,628 shares of the semiconductor company’s stock after buying an additional 50,231 shares during the quarter. Davis R M Inc. owned 0.08% of Marvell Technology worth $53,764,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MRVL. Crossmark Global Holdings Inc. raised its holdings in shares of Marvell Technology by 14.0% in the first quarter. Crossmark Global Holdings Inc. now owns 6,732 shares of the semiconductor company’s stock valued at $414,000 after purchasing an additional 829 shares during the last quarter. Cerity Partners LLC grew its position in Marvell Technology by 64.3% in the first quarter. Cerity Partners LLC now owns 98,751 shares of the semiconductor company’s stock valued at $6,080,000 after purchasing an additional 38,633 shares in the last quarter. Ballentine Partners LLC increased its stake in Marvell Technology by 7.7% in the 1st quarter. Ballentine Partners LLC now owns 6,965 shares of the semiconductor company’s stock valued at $429,000 after buying an additional 495 shares during the last quarter. Arizona State Retirement System increased its stake in Marvell Technology by 1.7% in the 1st quarter. Arizona State Retirement System now owns 253,717 shares of the semiconductor company’s stock valued at $15,621,000 after buying an additional 4,298 shares during the last quarter. Finally, Fulton Breakefield Broenniman LLC lifted its position in Marvell Technology by 27.2% during the 1st quarter. Fulton Breakefield Broenniman LLC now owns 9,904 shares of the semiconductor company’s stock worth $610,000 after buying an additional 2,120 shares in the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Insider Transactions at Marvell Technology

In other news, CEO Matthew J. Murphy bought 13,600 shares of the stock in a transaction dated Thursday, September 25th. The shares were bought at an average price of $77.09 per share, for a total transaction of $1,048,424.00. Following the completion of the purchase, the chief executive officer owned 268,637 shares in the company, valued at approximately $20,709,226.33. This trade represents a 5.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sandeep Bharathi purchased 3,400 shares of Marvell Technology stock in a transaction that occurred on Thursday, September 25th. The stock was purchased at an average price of $78.03 per share, with a total value of $265,302.00. Following the completion of the purchase, 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 ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 27,200 shares of company stock worth $2,109,632 over the last three months. Company insiders own 0.19% of the company’s stock.

Marvell Technology Trading Down 2.6%

MRVL stock opened at $90.92 on Monday. Marvell Technology, Inc. has a one year low of $47.08 and a one year high of $127.48. The stock has a market cap of $78.38 billion, a price-to-earnings ratio of -699.38, a price-to-earnings-growth ratio of 1.10 and a beta of 1.95. The company has a fifty day moving average price of $80.70 and a two-hundred day moving average price of $73.63. 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 (NASDAQ:MRVL) last posted its earnings results 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 during the quarter, compared to analysts’ expectations of $2.01 billion. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. Marvell Technology’s quarterly revenue was up 57.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Equities analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology declared that its Board of Directors has initiated a stock repurchase program on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the semiconductor company to purchase up to 7.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Marvell Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Friday, October 10th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Friday, October 10th. Marvell Technology’s payout ratio is currently -184.62%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Jefferies Financial Group lowered their target price on Marvell Technology from $90.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, August 29th. JPMorgan Chase & Co. lowered their price target on Marvell Technology from $130.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, August 29th. TD Cowen reissued a “hold” rating and issued a $85.00 price objective (down previously from $90.00) on shares of Marvell Technology in a report on Wednesday, October 1st. Roth Capital restated a “buy” rating on shares of Marvell Technology in a report on Wednesday, October 15th. Finally, Morgan Stanley cut their price target on shares of Marvell Technology from $80.00 to $76.00 and set an “equal weight” rating for the company in a research note on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, Marvell Technology currently has an average rating of “Moderate Buy” and an average price target of $93.06.

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.