Retirement Planning Group LLC NY Increases Stock Holdings in Marvell Technology, Inc. $MRVL

Retirement Planning Group LLC NY increased its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 4.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,722 shares of the semiconductor company’s stock after buying an additional 142 shares during the quarter. Retirement Planning Group LLC NY’s holdings in Marvell Technology were worth $288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MRVL. Nuveen LLC purchased a new position in Marvell Technology during the 1st quarter worth $399,587,000. Goldman Sachs Group Inc. grew its stake 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 valued at $1,272,117,000 after purchasing an additional 5,050,159 shares during the last quarter. Impax Asset Management Group plc grew its stake in Marvell Technology by 748.3% during the 1st 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 during the last quarter. AQR Capital Management LLC grew its stake in Marvell Technology by 662.9% during the 1st 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 during the last quarter. Finally, DnB Asset Management AS grew its stake in Marvell Technology by 1,167.6% during the 1st quarter. DnB Asset Management AS now owns 2,015,860 shares of the semiconductor company’s stock valued at $124,116,000 after purchasing an additional 1,856,833 shares during the last quarter. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Marvell Technology

In other news, insider Sandeep Bharathi bought 3,400 shares of Marvell Technology stock in a transaction on Thursday, September 25th. The stock was acquired at an average price of $78.03 per share, with a total value 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew J. Murphy bought 13,600 shares of Marvell Technology stock in a transaction on Thursday, September 25th. The shares were purchased at an average cost of $77.09 per share, with a total value of $1,048,424.00. Following the acquisition, the chief executive officer directly owned 268,637 shares of the company’s stock, valued at approximately $20,709,226.33. The trade was a 5.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 27,200 shares of company stock valued at $2,109,632. 0.19% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MRVL. Wells Fargo & Company dropped their price target on Marvell Technology from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, August 29th. Oppenheimer boosted their price target on Marvell Technology from $95.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday. UBS Group dropped their price target on Marvell Technology from $110.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, August 29th. Cowen downgraded Marvell Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, September 30th. Finally, BNP Paribas raised Marvell Technology to a “strong-buy” rating in a report on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $92.33.

Marvell Technology Stock Performance

NASDAQ MRVL opened at $85.61 on Friday. The stock has a market capitalization of $73.80 billion, a price-to-earnings ratio of -658.54, a PEG ratio of 1.05 and a beta of 1.94. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve month high of $127.48. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The stock has a 50-day moving average of $75.38 and a 200 day moving average of $68.79.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share 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 positive return on equity of 11.01% and a negative net margin of 1.43%.Marvell Technology’s quarterly revenue was up 57.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Sell-side analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology declared that its Board of Directors has approved a share repurchase plan on Wednesday, September 24th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the semiconductor company to buy up to 7.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Marvell Technology Dividend Announcement

The company 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 of this dividend is Friday, October 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. Marvell Technology’s dividend payout ratio is presently -184.62%.

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.