Marvell Technology, Inc. $MRVL Shares Purchased by Candriam S.C.A.

Candriam S.C.A. raised its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 12.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 972,751 shares of the semiconductor company’s stock after purchasing an additional 107,344 shares during the quarter. Candriam S.C.A.’s holdings in Marvell Technology were worth $75,294,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Marvell Technology by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 63,770,122 shares of the semiconductor company’s stock worth $3,926,326,000 after buying an additional 1,212,338 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Marvell Technology by 32.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company’s stock worth $1,272,117,000 after acquiring an additional 5,050,159 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Marvell Technology by 2.6% in the first quarter. Ameriprise Financial Inc. now owns 8,942,304 shares of the semiconductor company’s stock worth $562,991,000 after purchasing an additional 227,555 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of Marvell Technology by 6.7% during the first quarter. Pictet Asset Management Holding SA now owns 7,776,196 shares of the semiconductor company’s stock valued at $478,794,000 after purchasing an additional 488,610 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Marvell Technology by 4.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,702,611 shares of the semiconductor company’s stock valued at $474,250,000 after purchasing an additional 362,409 shares during the period. Institutional investors own 83.51% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on MRVL shares. Wall Street Zen raised shares of Marvell Technology from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Marvell Technology in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Marvell Technology from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 24th. Roth Capital restated a “buy” rating on shares of Marvell Technology in a research report on Wednesday, October 15th. Finally, Bank of America reaffirmed a “neutral” rating and set a $78.00 price target (down from $90.00) on shares of Marvell Technology in a research note on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat, Marvell Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.06.

Insider Buying and Selling

In other news, insider Sandeep Bharathi purchased 3,400 shares of the business’s stock in a transaction dated Thursday, September 25th. The shares were acquired at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the completion of the acquisition, the insider directly owned 73,392 shares of the company’s stock, valued at $5,726,777.76. The trade was a 4.86% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Willem A. Meintjes 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 transaction, the chief financial officer owned 132,159 shares in the company, valued at $10,312,366.77. This represents a 2.64% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 27,200 shares of company stock worth $2,109,632 in the last quarter. 0.33% of the stock is currently owned by corporate insiders.

Marvell Technology Stock Performance

Marvell Technology stock opened at $89.33 on Thursday. The firm has a market cap of $77.01 billion, a price-to-earnings ratio of -687.15, a price-to-earnings-growth ratio of 1.10 and a beta of 1.95. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48. The firm’s 50 day moving average price is $82.34 and its two-hundred day moving average price is $74.20. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.88.

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

Marvell Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Investors of record on Friday, October 10th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. Marvell Technology’s dividend payout ratio (DPR) is currently -184.62%.

Marvell Technology announced that its Board of Directors has initiated 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 shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

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.