Knights of Columbus Asset Advisors LLC Buys 859 Shares of Marvell Technology, Inc. $MRVL

Knights of Columbus Asset Advisors LLC grew its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 135.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,494 shares of the semiconductor company’s stock after purchasing an additional 859 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Marvell Technology were worth $116,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MRVL. Hughes Financial Services LLC bought a new stake in shares of Marvell Technology during the 1st quarter worth approximately $26,000. Financial Connections Group Inc. lifted its stake in shares of Marvell Technology by 776.0% during the 1st quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 388 shares during the last quarter. DiNuzzo Private Wealth Inc. lifted its stake in shares of Marvell Technology by 786.0% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 443 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 393 shares during the last quarter. Rossby Financial LCC bought a new stake in shares of Marvell Technology during the 1st quarter worth approximately $27,000. Finally, Vision Financial Markets LLC bought a new stake in shares of Marvell Technology during the 1st quarter worth approximately $28,000. 83.51% of the stock is owned by institutional investors.

Insider Activity

In other Marvell Technology news, CFO Willem A. Meintjes bought 3,400 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were purchased at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the purchase, the chief financial officer directly 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mark Casper sold 3,000 shares of the business’s stock in a transaction on Friday, July 18th. The stock was sold at an average price of $72.35, for a total value of $217,050.00. Following the transaction, the executive vice president owned 17,163 shares in the company, valued at approximately $1,241,743.05. This trade represents a 14.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders bought 27,200 shares of company stock worth $2,109,632 over the last quarter. Company insiders own 0.33% of the company’s stock.

Marvell Technology Trading Down 2.2%

MRVL opened at $86.97 on Wednesday. The firm has a market cap of $74.98 billion, a price-to-earnings ratio of -669.00, a PEG ratio of 1.09 and a beta of 1.94. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month high of $127.48. The stock has a fifty day moving average price of $74.74 and a 200-day moving average price of $68.39.

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

Marvell Technology declared that its Board of Directors has authorized a stock buyback program on Wednesday, September 24th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to purchase up to 7.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Friday, October 10th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, October 10th. Marvell Technology’s payout ratio is -184.62%.

Analyst Ratings Changes

A number of brokerages recently issued reports on MRVL. Evercore ISI decreased their price target 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. Melius Research raised their price target on Marvell Technology from $67.00 to $76.00 and gave the stock a “hold” rating in a research note on Wednesday, June 18th. Rosenblatt Securities decreased their price target on Marvell Technology from $124.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, August 29th. Bank of America reissued a “neutral” rating and set a $78.00 price target (down from $90.00) on shares of Marvell Technology in a research note on Friday, August 29th. Finally, The Goldman Sachs Group started coverage on Marvell Technology in a research report on Thursday, July 10th. They set a “neutral” rating and a $75.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $91.67.

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.