J. Safra Sarasin Holding AG Sells 20,846 Shares of Marvell Technology, Inc. $MRVL

J. Safra Sarasin Holding AG trimmed its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 70.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,805 shares of the semiconductor company’s stock after selling 20,846 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Marvell Technology were worth $682,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MRVL. Nuveen LLC acquired a new position in shares of Marvell Technology in the first quarter valued at $399,587,000. Goldman Sachs Group Inc. raised its stake in shares of Marvell Technology by 32.3% in the first quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company’s stock valued at $1,272,117,000 after purchasing an additional 5,050,159 shares in the last quarter. Impax Asset Management Group plc raised its stake in shares of Marvell Technology by 748.3% in the first quarter. Impax Asset Management Group plc now owns 3,700,841 shares of the semiconductor company’s stock valued at $227,033,000 after purchasing an additional 3,264,557 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Marvell Technology by 662.9% in the first quarter. AQR Capital Management LLC now owns 3,119,855 shares of the semiconductor company’s stock valued at $187,566,000 after purchasing an additional 2,710,894 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Marvell Technology by 8,128.6% in the first quarter. Assenagon Asset Management S.A. now owns 2,460,851 shares of the semiconductor company’s stock valued at $151,515,000 after purchasing an additional 2,430,945 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Marvell Technology Price Performance

Marvell Technology stock opened at $86.22 on Friday. The business’s 50-day simple moving average is $74.27 and its 200 day simple moving average is $68.15. The stock has a market cap of $74.33 billion, a price-to-earnings ratio of -663.23, a P/E/G ratio of 1.06 and a beta of 1.94. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $127.48. 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 posted its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.67. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 57.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, research analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology declared that its Board of Directors has initiated a share buyback program on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to buy up to 7.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Marvell Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Friday, October 10th will be issued a dividend of $0.06 per share. The ex-dividend date is 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 -184.62%.

Insider Activity

In related news, COO Chris Koopmans bought 6,800 shares of Marvell Technology stock in a transaction on Thursday, September 25th. The shares were purchased at an average price of $78.03 per share, for a total transaction of $530,604.00. Following the completion of the acquisition, the chief operating officer owned 104,825 shares in the company, valued at approximately $8,179,494.75. This represents a 6.94% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark Casper sold 3,000 shares of the firm’s stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $72.35, for a total value of $217,050.00. Following the transaction, the executive vice president owned 17,163 shares in the company, valued at approximately $1,241,743.05. This trade represents a 14.88% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 27,200 shares of company stock valued at $2,109,632. Insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on MRVL. Bank of America restated a “neutral” rating and issued a $78.00 target price (down from $90.00) on shares of Marvell Technology in a research note on Friday, August 29th. Morgan Stanley dropped their price objective on 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. B. Riley reiterated a “buy” rating and set a $115.00 price objective (up from $110.00) on shares of Marvell Technology in a research note on Wednesday, June 18th. Wall Street Zen upgraded Marvell Technology from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Finally, Zacks Research upgraded Marvell Technology from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 24th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $91.67.

Marvell Technology Company 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.