Marvell Technology, Inc. $MRVL Stake Boosted by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System increased its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 4.9% during the second quarter, HoldingsChannel reports. The firm owned 42,016 shares of the semiconductor company’s stock after acquiring an additional 1,952 shares during the period. Maryland State Retirement & Pension System’s holdings in Marvell Technology were worth $3,252,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Clear Creek Financial Management LLC acquired a new stake in Marvell Technology during the 2nd quarter worth about $664,000. Ignite Planners LLC acquired a new stake in Marvell Technology during the 2nd quarter worth about $291,000. Guild Investment Management Inc. acquired a new stake in Marvell Technology during the 2nd quarter worth about $1,119,000. REAP Financial Group LLC boosted its position in Marvell Technology by 253.0% during the 2nd quarter. REAP Financial Group LLC now owns 833 shares of the semiconductor company’s stock worth $64,000 after acquiring an additional 597 shares during the period. Finally, Sax Wealth Advisors LLC boosted its position in Marvell Technology by 25.2% during the 2nd quarter. Sax Wealth Advisors LLC now owns 17,357 shares of the semiconductor company’s stock worth $1,343,000 after acquiring an additional 3,494 shares during the period. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Marvell Technology Stock Down 5.6%

Shares of Marvell Technology stock opened at $85.61 on Friday. The stock has a 50-day simple moving average of $75.38 and a 200-day simple moving average of $68.77. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $127.48. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44. The firm has a market cap of $73.80 billion, a price-to-earnings ratio of -658.54, a P/E/G ratio of 1.11 and a beta of 1.94.

Marvell Technology (NASDAQ:MRVL) last posted 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 during the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the company earned $0.30 EPS. The company’s revenue for the quarter was up 57.6% on a year-over-year basis. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, equities research analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

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

Marvell Technology declared that its Board of Directors has approved a stock buyback program on Wednesday, September 24th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to repurchase up to 7.8% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages have commented on MRVL. Wells Fargo & Company decreased their price objective on Marvell Technology from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, August 29th. Morgan Stanley decreased their price objective on Marvell Technology from $80.00 to $76.00 and set an “equal weight” rating for the company in a research report on Friday, August 29th. Weiss Ratings restated a “hold (c-)” rating on shares of Marvell Technology in a research report on Wednesday. Zacks Research upgraded Marvell Technology from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 24th. Finally, TD Cowen reiterated a “hold” rating and set a $85.00 price target (down from $90.00) on shares of Marvell Technology in a report on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $92.33.

Insider Transactions at Marvell Technology

In related news, insider Sandeep Bharathi bought 3,400 shares of Marvell Technology stock in a transaction that occurred on Thursday, September 25th. The stock was purchased at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the acquisition, the insider 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 acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Mark Casper sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $72.35, for a total value of $217,050.00. Following the completion of the sale, the executive vice president owned 17,163 shares of the company’s stock, valued at approximately $1,241,743.05. This trade represents a 14.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders acquired 27,200 shares of company stock worth $2,109,632. 0.19% of the stock is currently owned by company insiders.

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.