Howard Capital Management Inc. Purchases 4,729 Shares of Marvell Technology, Inc. $MRVL

Howard Capital Management Inc. lifted its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 23.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 25,309 shares of the semiconductor company’s stock after acquiring an additional 4,729 shares during the period. Howard Capital Management Inc.’s holdings in Marvell Technology were worth $1,959,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in MRVL. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of Marvell Technology by 10.8% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 188,547 shares of the semiconductor company’s stock worth $14,594,000 after acquiring an additional 18,400 shares during the period. United Capital Management of KS Inc. raised its stake in shares of Marvell Technology by 4.6% in the second quarter. United Capital Management of KS Inc. now owns 33,264 shares of the semiconductor company’s stock worth $2,575,000 after purchasing an additional 1,470 shares during the last quarter. Banco Santander S.A. raised its position in Marvell Technology by 4,212.3% in the 2nd quarter. Banco Santander S.A. now owns 270,596 shares of the semiconductor company’s stock valued at $20,944,000 after buying an additional 264,321 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its position in shares of Marvell Technology by 527.3% during the second quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,002 shares of the semiconductor company’s stock valued at $2,239,000 after purchasing an additional 23,538 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of Marvell Technology by 15.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 75,837 shares of the semiconductor company’s stock valued at $5,870,000 after acquiring an additional 10,123 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors.

Marvell Technology Stock Performance

NASDAQ:MRVL opened at $88.46 on Wednesday. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve month high of $127.48. The stock has a market cap of $76.26 billion, a P/E ratio of -680.46, a price-to-earnings-growth ratio of 1.08 and a beta of 1.94. The firm’s fifty day simple moving average is $77.70 and its 200 day simple moving average is $71.30. 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 released its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, meeting 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%.The firm’s revenue for the quarter was up 57.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, research analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology declared that its board has authorized a stock buyback plan on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to reacquire up to 7.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

Marvell Technology Dividend Announcement

The business also recently disclosed 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. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, October 10th. Marvell Technology’s dividend payout ratio (DPR) is -184.62%.

Insider Buying and Selling

In other news, COO Chris Koopmans acquired 6,800 shares of the business’s stock in a transaction that occurred on Thursday, September 25th. The shares were bought at an average cost of $78.03 per share, with a total value of $530,604.00. Following the transaction, the chief operating officer owned 104,825 shares of the company’s stock, valued at $8,179,494.75. This trade represents a 6.94% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Sandeep Bharathi acquired 3,400 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The stock was purchased 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 owned 73,392 shares in the company, valued at $5,726,777.76. The trade was a 4.86% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders acquired 27,200 shares of company stock valued at $2,109,632. 0.33% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MRVL shares. Wells Fargo & Company cut their price target on Marvell Technology from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, August 29th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $75.00 target price on shares of Marvell Technology in a research note on Friday, August 29th. Oppenheimer lifted their price objective on shares of Marvell Technology from $95.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. Benchmark reaffirmed a “buy” rating and issued a $95.00 price target on shares of Marvell Technology in a report on Friday, August 29th. Finally, Rosenblatt Securities decreased their price target on Marvell Technology from $124.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat, Marvell Technology currently has an average rating of “Moderate Buy” and a consensus target price of $93.06.

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.