Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires 18,400 Shares of Marvell Technology, Inc. $MRVL

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 10.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 188,547 shares of the semiconductor company’s stock after purchasing an additional 18,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Marvell Technology were worth $14,594,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Richards Merrill & Peterson Inc. lifted its position in Marvell Technology by 4.0% in the second quarter. Richards Merrill & Peterson Inc. now owns 3,606 shares of the semiconductor company’s stock valued at $279,000 after purchasing an additional 139 shares during the last quarter. Retirement Planning Group LLC NY lifted its position in Marvell Technology by 4.0% in the second quarter. Retirement Planning Group LLC NY now owns 3,722 shares of the semiconductor company’s stock valued at $288,000 after purchasing an additional 142 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in Marvell Technology by 0.8% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 19,945 shares of the semiconductor company’s stock valued at $1,544,000 after buying an additional 151 shares during the last quarter. CHICAGO TRUST Co NA raised its holdings in Marvell Technology by 3.5% during the 2nd quarter. CHICAGO TRUST Co NA now owns 4,703 shares of the semiconductor company’s stock valued at $364,000 after buying an additional 158 shares during the last quarter. Finally, Synovus Financial Corp raised its holdings in Marvell Technology by 3.5% during the 1st quarter. Synovus Financial Corp now owns 4,791 shares of the semiconductor company’s stock valued at $295,000 after buying an additional 161 shares during the last quarter. Institutional investors own 83.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on MRVL shares. Benchmark reiterated a “buy” rating and set a $95.00 price target on shares of Marvell Technology in a report on Friday, August 29th. The Goldman Sachs Group began coverage on shares of Marvell Technology in a research note on Thursday, July 10th. They set a “neutral” rating and a $75.00 price objective for the company. Roth Capital reaffirmed a “buy” rating on shares of Marvell Technology in a research report on Wednesday, October 15th. TD Cowen reaffirmed a “hold” rating and set a $85.00 price target (down previously from $90.00) on shares of Marvell Technology in a research report on Wednesday, October 1st. Finally, Oppenheimer upped their price target on Marvell Technology from $95.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, Marvell Technology currently has an average rating of “Moderate Buy” and a consensus target price of $93.06.

Insider Activity at Marvell Technology

In related news, COO Chris Koopmans bought 6,800 shares of the business’s 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 $530,604.00. Following the transaction, the chief operating officer owned 104,825 shares in the company, valued at approximately $8,179,494.75. This trade represents a 6.94% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Willem A. Meintjes acquired 3,400 shares of the business’s stock in a transaction that occurred on Thursday, September 25th. The stock was purchased at an average cost of $78.03 per share, with a total value of $265,302.00. Following the acquisition, the chief financial officer directly owned 132,159 shares of the company’s stock, valued at $10,312,366.77. This trade represents a 2.64% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders acquired 27,200 shares of company stock worth $2,109,632. Company insiders own 0.33% of the company’s stock.

Marvell Technology Stock Down 0.3%

Marvell Technology stock opened at $88.46 on Wednesday. The firm has a market cap of $76.26 billion, a price-to-earnings ratio of -680.46, a PEG ratio of 1.08 and a beta of 1.94. The stock has a fifty day simple moving average of $77.70 and a two-hundred day simple moving average of $71.30. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 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.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 EPS 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 company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period last year, the company earned $0.30 EPS. Marvell Technology’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. Equities analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Friday, October 10th will be paid a $0.06 dividend. The ex-dividend date is Friday, October 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. Marvell Technology’s payout ratio is currently -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 repurchase $5.00 billion in shares. This repurchase authorization permits the semiconductor company to reacquire up to 7.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is 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.