Ardmore Road Asset Management LP Acquires Shares of 350,000 Marvell Technology, Inc. $MRVL

Ardmore Road Asset Management LP purchased a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 350,000 shares of the semiconductor company’s stock, valued at approximately $27,090,000. Marvell Technology comprises approximately 2.2% of Ardmore Road Asset Management LP’s portfolio, making the stock its 16th biggest holding.

Several other large investors have also recently made changes to their positions in MRVL. Flow Traders U.S. LLC acquired a new stake in Marvell Technology in the 2nd quarter valued at approximately $354,000. SageView Advisory Group LLC purchased a new position in shares of Marvell Technology during the second quarter worth $251,000. Qtron Investments LLC grew its stake in shares of Marvell Technology by 117.0% in the second quarter. Qtron Investments LLC now owns 9,415 shares of the semiconductor company’s stock valued at $729,000 after buying an additional 5,076 shares in the last quarter. Brown Advisory Inc. raised its holdings in shares of Marvell Technology by 8.0% in the 2nd quarter. Brown Advisory Inc. now owns 20,840,336 shares of the semiconductor company’s stock valued at $1,613,044,000 after buying an additional 1,539,809 shares during the period. Finally, Amundi raised its holdings in shares of Marvell Technology by 113.4% in the 2nd quarter. Amundi now owns 8,648,350 shares of the semiconductor company’s stock valued at $642,140,000 after buying an additional 4,596,309 shares during the period. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on MRVL shares. KeyCorp raised their target price on Marvell Technology from $90.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday. The Goldman Sachs Group raised their price objective on shares of Marvell Technology from $80.00 to $90.00 and gave the company a “neutral” rating in a research note on Wednesday. Evercore ISI upped their target price on shares of Marvell Technology from $122.00 to $156.00 and gave the stock an “outperform” rating in a research note on Wednesday. Bank of America reissued a “neutral” rating and issued a $78.00 price target (down previously from $90.00) on shares of Marvell Technology in a research report on Friday, August 29th. Finally, Wall Street Zen upgraded shares of Marvell Technology from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $111.56.

Marvell Technology Stock Performance

Shares of MRVL stock opened at $98.91 on Friday. The company has a market cap of $83.89 billion, a P/E ratio of 34.71, a PEG ratio of 0.96 and a beta of 1.93. The company has a current ratio of 2.01, a quick ratio of 1.44 and a debt-to-equity ratio of 0.28. The firm has a fifty day moving average price of $87.75 and a 200 day moving average price of $77.17. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month high of $127.48.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings data on Tuesday, December 2nd. The semiconductor company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The business 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 13.15% and a net margin of 31.75%.The business’s revenue for the quarter was up 36.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.43 EPS. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. Sell-side analysts predict that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Friday, October 10th were given 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 was Friday, October 10th. Marvell Technology’s payout ratio is currently 8.42%.

Marvell Technology announced that its board has authorized a stock buyback plan on Wednesday, September 24th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits 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 board believes its shares are undervalued.

Insider Activity at Marvell Technology

In related news, insider Sandeep Bharathi 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, with a total value of $265,302.00. Following the transaction, the insider directly owned 73,392 shares of the company’s stock, valued at approximately $5,726,777.76. This represents a 4.86% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Matthew J. Murphy purchased 13,600 shares of the business’s stock in a transaction that occurred on Thursday, September 25th. The shares were bought at an average price of $77.09 per share, for a total transaction of $1,048,424.00. Following the completion of the purchase, the chief executive officer directly owned 268,637 shares in the company, valued at $20,709,226.33. This represents a 5.33% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have acquired 27,200 shares of company stock worth $2,109,632. Corporate 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.