Marvell Technology, Inc. $MRVL Shares Acquired by Clal Insurance Enterprises Holdings Ltd

Clal Insurance Enterprises Holdings Ltd boosted its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 548.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 482,451 shares of the semiconductor company’s stock after acquiring an additional 408,000 shares during the quarter. Clal Insurance Enterprises Holdings Ltd’s holdings in Marvell Technology were worth $37,342,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Financial Connections Group Inc. increased its position in shares of Marvell Technology by 776.0% in the 1st quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 388 shares during the last quarter. Game Plan Financial Advisors LLC acquired a new position in shares of Marvell Technology during the second quarter worth $27,000. Vision Financial Markets LLC purchased a new position in Marvell Technology in the first quarter valued at $28,000. Kiker Wealth Management LLC raised its stake in Marvell Technology by 374.7% in the second quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 281 shares in the last quarter. Finally, Westside Investment Management Inc. lifted its holdings in Marvell Technology by 62.5% during the 2nd quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock worth $32,000 after buying an additional 160 shares during the last quarter. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Insiders Place Their Bets

In related news, COO Chris Koopmans purchased 6,800 shares of the business’s stock in a transaction dated Thursday, September 25th. The stock was acquired at an average price 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 of the company’s stock, valued at $8,179,494.75. This trade represents a 6.94% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew J. Murphy acquired 13,600 shares of Marvell Technology stock in a transaction that occurred on Thursday, September 25th. The stock was bought at an average price of $77.09 per share, with a total value of $1,048,424.00. Following the purchase, the chief executive officer directly owned 268,637 shares of the company’s stock, valued at approximately $20,709,226.33. This trade represents a 5.33% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 27,200 shares of company stock worth $2,109,632 in the last ninety days. 0.19% of the stock is owned by insiders.

Marvell Technology Trading Down 5.7%

NASDAQ MRVL opened at $78.68 on Wednesday. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $67.83 billion, a P/E ratio of -605.23, a P/E/G ratio of 1.10 and a beta of 1.95. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $127.48. The firm has a 50-day moving average price of $83.86 and a 200 day moving average price of $74.99.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.67. The company had revenue of $2.01 billion for 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 firm’s revenue for the quarter was up 57.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Equities research analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology declared that its Board of Directors has initiated a share buyback 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 shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Marvell Technology Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MRVL. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $75.00 price target on shares of Marvell Technology in a report on Friday, August 29th. Wells Fargo & Company reduced their price objective on Marvell Technology from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, August 29th. Roth Capital reiterated a “buy” rating on shares of Marvell Technology in a research report on Wednesday, October 15th. Bank of America reissued a “neutral” rating and set a $78.00 price objective (down from $90.00) on shares of Marvell Technology in a research report on Friday, August 29th. Finally, Wall Street Zen upgraded Marvell Technology from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $93.23.

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.