Andra AP fonden Decreases Stake in Marvell Technology, Inc. $MRVL

Andra AP fonden lowered its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 31.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 47,344 shares of the semiconductor company’s stock after selling 21,600 shares during the quarter. Andra AP fonden’s holdings in Marvell Technology were worth $3,664,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Hughes Financial Services LLC purchased a new stake in Marvell Technology during the 1st quarter valued at $26,000. Financial Connections Group Inc. raised its stake in shares of Marvell Technology by 776.0% during the first quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 388 shares during the last quarter. Game Plan Financial Advisors LLC purchased a new stake in shares of Marvell Technology during the second quarter worth about $27,000. Vision Financial Markets LLC bought a new stake in shares of Marvell Technology in the first quarter worth about $28,000. Finally, Kiker Wealth Management LLC increased its stake in shares of Marvell Technology by 374.7% during 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 during the period. Institutional investors own 83.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MRVL shares. Bank of America reiterated a “neutral” rating and set a $78.00 target price (down previously from $90.00) on shares of Marvell Technology in a report on Friday, August 29th. Oppenheimer upped their price target on Marvell Technology from $95.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, October 10th. Needham & Company LLC increased their price target on Marvell Technology from $80.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, September 25th. TD Cowen reiterated a “hold” rating and set a $85.00 price target (down previously from $90.00) on shares of Marvell Technology in a research note on Wednesday, October 1st. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $75.00 price target on shares of Marvell Technology in a research report on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $93.06.

Marvell Technology Trading Down 2.6%

MRVL stock opened at $90.92 on Friday. 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 $78.38 billion, a price-to-earnings ratio of -699.38, a price-to-earnings-growth ratio of 1.10 and a beta of 1.95. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve month high of $127.48. The firm’s fifty day simple moving average is $80.70 and its two-hundred day simple moving average is $73.33.

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

Marvell Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Shareholders 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 yield of 0.3%. Marvell Technology’s payout ratio is -184.62%.

Marvell Technology declared that its Board of Directors has approved a stock 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 often a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Marvell Technology

In other news, CFO Willem A. Meintjes purchased 3,400 shares of the 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 acquisition, the chief financial officer owned 132,159 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Chris Koopmans purchased 6,800 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 $530,604.00. Following the completion of the transaction, the chief operating officer owned 104,825 shares of the company’s stock, valued at approximately $8,179,494.75. This represents a 6.94% increase in their position. 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. Company insiders own 0.19% of the company’s stock.

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.