Westwood Holdings Group Inc. Boosts Holdings in Marvell Technology, Inc. $MRVL

Westwood Holdings Group Inc. raised its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 17.9% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,033,966 shares of the semiconductor company’s stock after buying an additional 157,256 shares during the period. Westwood Holdings Group Inc.’s holdings in Marvell Technology were worth $80,029,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its position in Marvell Technology by 1.1% during the second quarter. Vanguard Group Inc. now owns 64,443,232 shares of the semiconductor company’s stock valued at $4,987,906,000 after acquiring an additional 673,110 shares in the last quarter. Brown Advisory Inc. boosted its position in Marvell Technology by 8.0% in the 2nd quarter. Brown Advisory Inc. now owns 20,840,336 shares of the semiconductor company’s stock worth $1,613,044,000 after purchasing an additional 1,539,809 shares in the last quarter. State Street Corp grew its stake in shares of Marvell Technology by 2.7% during the 2nd quarter. State Street Corp now owns 20,573,260 shares of the semiconductor company’s stock worth $1,592,370,000 after purchasing an additional 533,946 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Marvell Technology by 16.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 10,406,875 shares of the semiconductor company’s stock valued at $805,473,000 after purchasing an additional 1,464,571 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Marvell Technology in the 2nd quarter valued at $716,713,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

Marvell Technology Trading Down 5.6%

Shares of MRVL opened at $84.43 on Friday. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $127.48. The stock has a market cap of $71.61 billion, a PE ratio of 29.62, a price-to-earnings-growth ratio of 0.82 and a beta of 1.93. The firm’s fifty day moving average is $88.24 and its two-hundred day moving average is $78.26. 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 (NASDAQ:MRVL) last issued 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 business had revenue of $2.07 billion during 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%. The company’s quarterly revenue was up 36.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.43 earnings per share. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. Research analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Shareholders of record on Friday, October 10th were paid a $0.06 dividend. 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 dividend payout ratio (DPR) is 8.42%.

Marvell Technology declared that its board has approved a stock 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 buy up to 7.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Cowen reaffirmed a “hold” rating on shares of Marvell Technology in a report on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft lifted their price target on Marvell Technology from $90.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marvell Technology in a report on Wednesday. Summit Redstone set a $105.00 price objective on Marvell Technology in a report on Wednesday, October 15th. Finally, Piper Sandler set a $110.00 price objective on Marvell Technology in a research report on Wednesday, December 3rd. Four investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat, Marvell Technology currently has a consensus rating of “Moderate Buy” and an average target price of $111.56.

Insider Buying and Selling at Marvell Technology

In related news, insider Sandeep Bharathi acquired 3,400 shares of the stock in a transaction on Thursday, September 25th. The shares were bought at an average price of $78.03 per share, with a total value of $265,302.00. Following the completion of the purchase, the insider owned 73,392 shares of the company’s stock, valued at approximately $5,726,777.76. This represents a 4.86% increase in their position. The acquisition 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 company’s stock in a transaction on Thursday, September 25th. The stock was bought 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 in the company, valued at $10,312,366.77. This represents a 2.64% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders acquired 27,200 shares of company stock worth $2,109,632. 0.19% of the stock is owned by company insiders.

Marvell Technology Company 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.