Marvell Technology (NASDAQ:MRVL) Trading Up 4.6% Following Insider Buying Activity

Marvell Technology, Inc. (NASDAQ:MRVL)’s stock price shot up 4.6% on Thursday after an insider bought additional shares in the company. The stock traded as high as $84.46 and last traded at $83.81. 43,176,980 shares were traded during mid-day trading, an increase of 121% from the average session volume of 19,570,469 shares. The stock had previously closed at $80.09.

Specifically, CEO Matthew J. Murphy acquired 13,600 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The stock was purchased at an average price of $77.09 per share, with a total value of $1,048,424.00. Following the completion of the acquisition, the chief executive officer owned 268,637 shares of the company’s stock, valued at $20,709,226.33. This trade represents a 5.33% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Chris Koopmans bought 6,800 shares of Marvell Technology stock in a transaction on Thursday, September 25th. The shares were purchased at an average cost of $78.03 per share, for a total transaction of $530,604.00. Following the completion of the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. In other news, insider Sandeep Bharathi purchased 3,400 shares of the company’s stock in a transaction dated Thursday, September 25th. The stock was acquired at an average price of $78.03 per share, with a total value of $265,302.00. Following the purchase, the insider directly owned 73,392 shares in the company, valued at approximately $5,726,777.76. This represents a 4.86% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Analysts Set New Price Targets

A number of research firms recently commented on MRVL. Needham & Company LLC upped their price objective on Marvell Technology from $80.00 to $95.00 and gave the company a “buy” rating in a report on Thursday. Evercore ISI reduced their target price on Marvell Technology from $133.00 to $122.00 and set an “outperform” rating on the stock in a research report on Friday, August 29th. B. Riley reiterated a “buy” rating and set a $115.00 price target (up from $110.00) on shares of Marvell Technology in a report on Wednesday, June 18th. China Renaissance assumed coverage on shares of Marvell Technology in a report on Thursday, June 5th. They issued a “buy” rating and a $110.00 price objective on the stock. Finally, Zacks Research cut shares of Marvell Technology from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.17.

Marvell Technology Stock Up 4.6%

The company has a market capitalization of $72.25 billion, a PE ratio of -644.69, a PEG ratio of 0.97 and a beta of 1.85. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The business has a fifty day moving average of $72.97 and a 200 day moving average of $67.52.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.67. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations 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 quarter in the prior year, the company 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 year.

Marvell Technology Dividend Announcement

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

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.

Institutional Trading of Marvell Technology

Several hedge funds have recently modified their holdings of MRVL. Norges Bank purchased a new stake in Marvell Technology during the 2nd quarter worth about $716,713,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of Marvell Technology by 4,758.5% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,036,216 shares of the semiconductor company’s stock worth $544,603,000 after buying an additional 6,891,393 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Marvell Technology during the first quarter worth approximately $399,587,000. Goldman Sachs Group Inc. raised its holdings in 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 acquiring an additional 5,050,159 shares in the last quarter. Finally, Amundi lifted its stake in Marvell Technology by 113.4% in the second quarter. Amundi now owns 8,648,350 shares of the semiconductor company’s stock worth $642,140,000 after acquiring an additional 4,596,309 shares during the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.

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.