Marvell Technology, Inc. $MRVL Shares Purchased by MainStreet Investment Advisors LLC

MainStreet Investment Advisors LLC raised its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 3.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,366 shares of the semiconductor company’s stock after acquiring an additional 633 shares during the quarter. MainStreet Investment Advisors LLC’s holdings in Marvell Technology were worth $1,344,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Marvell Technology by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 64,443,232 shares of the semiconductor company’s stock valued at $4,987,906,000 after purchasing an additional 673,110 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of 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. Ameriprise Financial Inc. raised its holdings in shares of Marvell Technology by 2.6% during the 1st quarter. Ameriprise Financial Inc. now owns 8,942,304 shares of the semiconductor company’s stock valued at $562,991,000 after buying an additional 227,555 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Marvell Technology by 4.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,702,611 shares of the semiconductor company’s stock worth $474,250,000 after acquiring an additional 362,409 shares during the period. Finally, Nordea Investment Management AB grew its position in Marvell Technology by 48.3% in the second quarter. Nordea Investment Management AB now owns 7,195,669 shares of the semiconductor company’s stock valued at $555,650,000 after acquiring an additional 2,344,245 shares in the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Insider Buying and Selling

In related news, insider Sandeep Bharathi acquired 3,400 shares of the business’s stock in a transaction on Thursday, September 25th. The shares were purchased at an average price 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 approximately $5,726,777.76. This represents a 4.86% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Willem A. Meintjes bought 3,400 shares of the firm’s stock in a transaction 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 chief financial officer owned 132,159 shares of the company’s stock, valued at approximately $10,312,366.77. This trade represents a 2.64% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased 27,200 shares of company stock valued at $2,109,632 over the last ninety days. 0.19% of the stock is currently owned by company insiders.

Marvell Technology Stock Performance

Shares of MRVL opened at $83.45 on Tuesday. 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’s 50 day moving average is $83.62 and its 200-day moving average is $74.87. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $127.48. The stock has a market capitalization of $71.94 billion, a P/E ratio of -641.92, a P/E/G ratio of 1.10 and a beta of 1.95.

Marvell Technology (NASDAQ:MRVL) last released its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, meeting the consensus estimate of $0.67. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The business’s quarterly revenue was up 57.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Equities research analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology announced that its Board of Directors has approved a stock buyback plan 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 stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Marvell Technology Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on MRVL shares. Oppenheimer increased their price target on Marvell Technology from $95.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, October 10th. Benchmark reiterated a “buy” rating and issued a $95.00 price target on shares of Marvell Technology in a report on Friday, August 29th. Barclays reissued an “equal weight” rating and issued a $80.00 target price on shares of Marvell Technology in a report on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Marvell Technology in a report on Wednesday, October 8th. Finally, Evercore ISI lowered their price objective on Marvell Technology from $133.00 to $122.00 and set an “outperform” rating for the company in a research note on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $93.06.

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.