California Public Employees Retirement System Has $111.04 Million Stake in Marvell Technology, Inc. $MRVL

California Public Employees Retirement System increased its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 6.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,434,636 shares of the semiconductor company’s stock after acquiring an additional 84,064 shares during the quarter. California Public Employees Retirement System owned 0.17% of Marvell Technology worth $111,041,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in Marvell Technology in the second quarter valued at $716,713,000. Nuveen LLC bought a new position in shares of Marvell Technology during the 1st quarter worth about $399,587,000. Amundi grew its stake 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. Franklin Resources Inc. increased its position in Marvell Technology by 112.4% in the 2nd quarter. Franklin Resources Inc. now owns 8,097,620 shares of the semiconductor company’s stock valued at $626,756,000 after buying an additional 4,285,330 shares in the last quarter. Finally, Aspex Management HK Ltd acquired a new position in Marvell Technology during the 2nd quarter worth approximately $324,736,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

Insiders Place Their Bets

In other Marvell Technology news, COO Chris Koopmans purchased 6,800 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The stock was bought at an average cost of $78.03 per share, with a total value 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 $8,179,494.75. The trade was a 6.94% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Sandeep Bharathi purchased 3,400 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were acquired at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the completion of the acquisition, the insider directly owned 73,392 shares of the company’s stock, valued at $5,726,777.76. This trade represents a 4.86% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders purchased 27,200 shares of company stock valued at $2,109,632. Insiders own 0.33% of the company’s stock.

Marvell Technology Price Performance

MRVL opened at $98.91 on Monday. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.64. The company has a market capitalization of $83.89 billion, a price-to-earnings ratio of 34.71, a P/E/G ratio of 0.96 and a beta of 1.93. The firm’s fifty day moving average price is $87.75 and its two-hundred day moving average price is $77.40.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same period last year, the firm earned $0.43 earnings per share. The firm’s revenue was up 36.8% on a year-over-year basis. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. As a group, analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology declared that its board has authorized a stock buyback plan on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the semiconductor company to reacquire up to 7.8% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Marvell Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Friday, October 10th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Friday, October 10th. Marvell Technology’s payout ratio is presently 8.42%.

Analyst Ratings Changes

A number of brokerages have commented on MRVL. HSBC began coverage on Marvell Technology in a research note on Monday, November 24th. They issued a “hold” rating and a $85.00 price objective for the company. Wells Fargo & Company lifted their price target on shares of Marvell Technology from $90.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday. Morgan Stanley set a $112.00 price target on shares of Marvell Technology in a research note on Wednesday. Cowen reaffirmed a “hold” rating on shares of Marvell Technology in a research note on Wednesday. Finally, Zacks Research upgraded shares of Marvell Technology from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 24th. Three investment 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $111.56.

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.