Amundi Has $642.14 Million Stock Holdings in Marvell Technology, Inc. $MRVL

Amundi boosted its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 113.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,648,350 shares of the semiconductor company’s stock after acquiring an additional 4,596,309 shares during the period. Amundi owned 1.00% of Marvell Technology worth $642,140,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Game Plan Financial Advisors LLC bought a new position in shares of Marvell Technology in the 2nd quarter valued at about $27,000. Kiker Wealth Management LLC lifted its holdings 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 during the period. Westside Investment Management Inc. lifted its holdings in Marvell Technology by 62.5% in the second quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 160 shares during the period. DiNuzzo Private Wealth Inc. boosted its stake in Marvell Technology by 786.0% in the second quarter. DiNuzzo Private Wealth Inc. now owns 443 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 393 shares during the last quarter. Finally, Clear Investment Research LLC grew its holdings in Marvell Technology by 58.6% during the 2nd quarter. Clear Investment Research LLC now owns 490 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 181 shares during the period. 83.51% of the stock is owned by institutional investors.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, CFO Willem A. Meintjes acquired 3,400 shares of the business’s stock in a transaction dated Thursday, September 25th. The shares were acquired at an average price of $78.03 per share, with a total value of $265,302.00. Following the completion of the transaction, the chief financial officer directly owned 132,159 shares in the company, valued at $10,312,366.77. This trade represents a 2.64% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Chris Koopmans bought 6,800 shares of Marvell Technology stock in a transaction that occurred on Thursday, September 25th. The shares were acquired at an average price of $78.03 per share, with a total value 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. The trade was a 6.94% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased 27,200 shares of company stock valued at $2,109,632 over the last ninety days. 0.19% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

MRVL has been the topic of several recent research reports. Susquehanna set a $120.00 price target on Marvell Technology and gave the stock a “positive” rating in a research report on Wednesday. HSBC assumed coverage on Marvell Technology in a research note on Monday, November 24th. They issued a “hold” rating and a $85.00 target price on the stock. Piper Sandler set a $110.00 target price on Marvell Technology in a research report on Wednesday. BNP Paribas upgraded shares of Marvell Technology to a “strong-buy” rating in a research report on Friday, August 29th. Finally, Wells Fargo & Company lifted their price objective on shares of Marvell Technology from $90.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday. Three analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat.com, Marvell Technology presently has an average rating of “Moderate Buy” and an average target price of $111.00.

Marvell Technology Price Performance

Shares of NASDAQ MRVL opened at $98.19 on Friday. The company has a fifty day moving average price of $87.44 and a 200 day moving average price of $76.92. The firm has a market cap of $84.65 billion, a PE ratio of 34.45, a PEG ratio of 1.20 and a beta of 1.93. 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 1-year low of $47.08 and a 1-year high of $127.48.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.06 billion. Marvell Technology had a return on equity of 13.31% and a net margin of 31.75%.The company’s revenue for the quarter was up 36.8% on a year-over-year basis. During the same quarter last year, the business posted $0.43 EPS. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. Research analysts predict that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology announced that its board has initiated a share repurchase plan on Wednesday, September 24th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to buy up to 7.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Marvell Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Friday, October 10th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, October 10th. Marvell Technology’s dividend payout ratio (DPR) is currently 8.42%.

About Marvell Technology

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.