Obermeyer Wealth Partners Lowers Position in Marvell Technology, Inc. $MRVL

Obermeyer Wealth Partners trimmed its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 11.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 9,926 shares of the semiconductor company’s stock after selling 1,301 shares during the period. Obermeyer Wealth Partners’ holdings in Marvell Technology were worth $768,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Nuveen LLC purchased a new position in Marvell Technology in the first quarter worth $399,587,000. Goldman Sachs Group Inc. increased its holdings in 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 buying an additional 5,050,159 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of 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 acquiring an additional 2,710,894 shares during the period. Nordea Investment Management AB boosted its stake in shares of Marvell Technology by 48.3% during the 2nd quarter. Nordea Investment Management AB now owns 7,195,669 shares of the semiconductor company’s stock worth $555,650,000 after acquiring an additional 2,344,245 shares in the last quarter. Finally, DnB Asset Management AS grew its holdings in shares of Marvell Technology by 1,167.6% in the 1st quarter. DnB Asset Management AS now owns 2,015,860 shares of the semiconductor company’s stock worth $124,116,000 after acquiring an additional 1,856,833 shares during the period. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Marvell Technology Stock Up 5.8%

MRVL opened at $93.71 on Monday. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month high of $127.48. The business has a 50-day moving average of $78.84 and a two-hundred day moving average of $72.24. 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 stock has a market capitalization of $80.79 billion, a price-to-earnings ratio of -720.85, a price-to-earnings-growth ratio of 1.10 and a beta of 1.94.

Marvell Technology (NASDAQ:MRVL) last released its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.67. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period last year, the company earned $0.30 earnings per share. The company’s quarterly revenue 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, research analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, September 24th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 7.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Marvell Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Shareholders of record on Friday, October 10th were 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 was Friday, October 10th. Marvell Technology’s payout ratio is -184.62%.

Insider Transactions at Marvell Technology

In other news, COO Chris Koopmans acquired 6,800 shares of the business’s stock in a transaction dated Thursday, September 25th. The shares were bought at an average cost of $78.03 per share, for a total transaction of $530,604.00. Following the acquisition, the chief operating officer directly owned 104,825 shares in the company, valued at $8,179,494.75. This trade represents a 6.94% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sandeep Bharathi bought 3,400 shares of the firm’s stock in a transaction dated Thursday, September 25th. The shares were purchased at an average price of $78.03 per share, with a total value of $265,302.00. Following the acquisition, the insider directly owned 73,392 shares in the company, valued at approximately $5,726,777.76. This trade represents a 4.86% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have purchased 27,200 shares of company stock valued at $2,109,632. Insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Wall Street Zen upgraded Marvell Technology from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. The Goldman Sachs Group began coverage on shares of Marvell Technology in a report on Thursday, July 10th. They set a “neutral” rating and a $75.00 target price for the company. Rosenblatt Securities reduced their price target on shares of Marvell Technology from $124.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, August 29th. Cowen downgraded Marvell Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Finally, Bank of America reissued a “neutral” rating and issued a $78.00 price target (down from $90.00) on shares of Marvell Technology 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 thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.