Marvell Technology, Inc. $MRVL Shares Acquired by NewEdge Advisors LLC

NewEdge Advisors LLC grew its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 32.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 250,253 shares of the semiconductor company’s stock after purchasing an additional 61,877 shares during the quarter. NewEdge Advisors LLC’s holdings in Marvell Technology were worth $19,370,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Marvell Technology during the second quarter valued at $716,713,000. Amundi lifted its position in shares of Marvell Technology by 113.4% in the second quarter. Amundi now owns 8,648,350 shares of the semiconductor company’s stock valued at $642,140,000 after acquiring an additional 4,596,309 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Marvell Technology by 112.4% in the second quarter. Franklin Resources Inc. now owns 8,097,620 shares of the semiconductor company’s stock worth $626,756,000 after acquiring an additional 4,285,330 shares during the last quarter. Aspex Management HK Ltd purchased a new stake in shares of Marvell Technology during the second quarter worth approximately $324,736,000. Finally, AQR Capital Management LLC increased its position in shares of Marvell Technology by 662.9% during the first quarter. AQR Capital Management LLC now owns 3,119,855 shares of the semiconductor company’s stock worth $187,566,000 after purchasing an additional 2,710,894 shares in the last quarter. 83.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MRVL. B. Riley restated a “buy” rating and issued a $130.00 price objective (up previously from $100.00) on shares of Marvell Technology in a report on Wednesday, December 3rd. Susquehanna set a $120.00 price target on shares of Marvell Technology and gave the stock a “positive” rating in a research note on Wednesday, December 3rd. BNP Paribas upgraded shares of Marvell Technology to a “strong-buy” rating in a research report on Friday, August 29th. Piper Sandler set a $110.00 price objective on shares of Marvell Technology in a report on Wednesday, December 3rd. Finally, HSBC started coverage on Marvell Technology in a research report on Monday, November 24th. They issued a “hold” rating and a $85.00 price target for the company. Four analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $111.56.

Insider Transactions at Marvell Technology

In related news, EVP Mark Casper sold 1,253 shares of the firm’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $101.00, for a total transaction of $126,553.00. Following the completion of the transaction, the executive vice president directly owned 9,023 shares in the company, valued at $911,323. This trade represents a 12.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Willem A. Meintjes purchased 3,400 shares of Marvell Technology stock in a transaction dated Thursday, September 25th. The shares were acquired at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the transaction, the chief financial officer directly owned 132,159 shares of the company’s stock, valued at approximately $10,312,366.77. This represents a 2.64% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 27,200 shares of company stock worth $2,109,632 in the last three months. Company insiders own 0.19% of the company’s stock.

Marvell Technology Stock Performance

Shares of Marvell Technology stock opened at $92.47 on Thursday. The firm has a market cap of $78.42 billion, a PE ratio of 32.45, a price-to-earnings-growth ratio of 0.86 and a beta of 1.93. The company has a quick ratio of 1.64, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $127.48. The business’s fifty day simple moving average is $88.21 and its 200-day simple moving average is $77.92.

Marvell Technology (NASDAQ:MRVL) last posted its earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. Marvell Technology’s revenue for the quarter was up 36.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.43 earnings per share. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. Equities analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Investors of record on Friday, October 10th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was 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 (DPR) is presently 8.42%.

Marvell Technology announced that its board has authorized a share repurchase program 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 programs are typically a sign that the company’s management believes its shares are 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.