Union Bancaire Privee UBP SA Boosts Position in Marvell Technology, Inc. $MRVL

Union Bancaire Privee UBP SA boosted its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 129.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 191,944 shares of the semiconductor company’s stock after purchasing an additional 108,187 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Marvell Technology were worth $13,666,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Taylor Frigon Capital Management LLC boosted its position in Marvell Technology by 16.5% during the second quarter. Taylor Frigon Capital Management LLC now owns 33,605 shares of the semiconductor company’s stock worth $2,601,000 after purchasing an additional 4,748 shares in the last quarter. Westbourne Investments Inc. boosted its position in Marvell Technology by 442.4% during the second quarter. Westbourne Investments Inc. now owns 21,695 shares of the semiconductor company’s stock worth $1,679,000 after purchasing an additional 17,695 shares in the last quarter. Family Legacy Financial Solutions LLC purchased a new stake in Marvell Technology during the second quarter worth $1,618,000. Siren L.L.C. boosted its position in Marvell Technology by 636.2% during the first quarter. Siren L.L.C. now owns 36,808 shares of the semiconductor company’s stock worth $2,266,000 after purchasing an additional 31,808 shares in the last quarter. Finally, Burr Financial Services LLC boosted its position in Marvell Technology by 471.4% during the second quarter. Burr Financial Services LLC now owns 37,085 shares of the semiconductor company’s stock worth $2,870,000 after purchasing an additional 30,595 shares in the last quarter. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MRVL. Morgan Stanley decreased 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. JPMorgan Chase & Co. cut their price target on Marvell Technology from $130.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, August 29th. Barclays reissued an “overweight” rating and issued a $80.00 price target on shares of Marvell Technology in a report on Friday, August 29th. Jefferies Financial Group cut their price target on Marvell Technology from $90.00 to $80.00 and set a “buy” rating for the company in a report on Friday, August 29th. Finally, Bank of America reissued a “neutral” rating and issued a $78.00 price target (down from $90.00) on shares of Marvell Technology in a report on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.17.

Marvell Technology Stock Performance

NASDAQ MRVL opened at $82.39 on Tuesday. The business’s 50-day moving average price is $73.33 and its 200 day moving average price is $67.70. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve month high of $127.48. The company has a market capitalization of $71.03 billion, a PE ratio of -633.77, a price-to-earnings-growth ratio of 1.02 and a beta of 1.85. 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 (NASDAQ:MRVL) last released its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share 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 firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the prior year, the business posted $0.30 earnings per share. The firm’s revenue for the quarter 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. On average, research analysts predict that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Dividend Announcement

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

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

Insider Activity

In other Marvell Technology news, CEO Matthew J. Murphy bought 13,600 shares of Marvell Technology stock in a transaction that occurred on Thursday, September 25th. The shares were purchased at an average cost of $77.09 per share, for a total transaction of $1,048,424.00. Following the completion of the transaction, the chief executive officer owned 268,637 shares of the company’s stock, valued at $20,709,226.33. This represents a 5.33% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sandeep Bharathi bought 3,400 shares of Marvell Technology stock in a transaction that occurred on 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 transaction, the insider directly owned 73,392 shares of the company’s stock, valued at $5,726,777.76. This trade represents a 4.86% increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 27,200 shares of company stock valued at $2,109,632 in the last three months. Company insiders own 0.33% of the company’s stock.

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.