Marvell Technology, Inc. $MRVL Shares Sold by Advent International L.P.

Advent International L.P. lessened its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 6.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,063,075 shares of the semiconductor company’s stock after selling 75,000 shares during the quarter. Marvell Technology accounts for about 2.7% of Advent International L.P.’s holdings, making the stock its 9th biggest position. Advent International L.P. owned approximately 0.12% of Marvell Technology worth $82,282,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of MRVL. First Horizon Advisors Inc. grew its holdings in Marvell Technology by 6.9% during the second quarter. First Horizon Advisors Inc. now owns 2,115 shares of the semiconductor company’s stock worth $164,000 after acquiring an additional 137 shares during the period. Richards Merrill & Peterson Inc. boosted its position in shares of Marvell Technology by 4.0% during the 2nd quarter. Richards Merrill & Peterson Inc. now owns 3,606 shares of the semiconductor company’s stock worth $279,000 after purchasing an additional 139 shares in the last quarter. Retirement Planning Group LLC NY boosted its position in shares of Marvell Technology by 4.0% during the 2nd quarter. Retirement Planning Group LLC NY now owns 3,722 shares of the semiconductor company’s stock worth $288,000 after purchasing an additional 142 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Marvell Technology by 0.8% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 19,945 shares of the semiconductor company’s stock worth $1,544,000 after purchasing an additional 151 shares during the period. Finally, Mayflower Financial Advisors LLC increased its holdings in shares of Marvell Technology by 3.4% in the 2nd quarter. Mayflower Financial Advisors LLC now owns 4,579 shares of the semiconductor company’s stock valued at $354,000 after purchasing an additional 151 shares in the last quarter. 83.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Matthew J. Murphy acquired 13,600 shares of the company’s stock in a transaction dated Thursday, September 25th. The stock was bought at an average price of $77.09 per share, with a total value of $1,048,424.00. Following the purchase, the chief executive officer directly owned 268,637 shares in the company, valued at $20,709,226.33. The trade was a 5.33% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Willem A. Meintjes acquired 3,400 shares of the business’s stock in a transaction dated Thursday, September 25th. The shares were bought at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the completion of the acquisition, the chief financial officer owned 132,159 shares in the company, valued at approximately $10,312,366.77. This trade represents a 2.64% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 27,200 shares of company stock worth $2,109,632 over the last ninety days. Insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

MRVL has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price objective on shares of Marvell Technology from $95.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. UBS Group set a $100.00 price target on Marvell Technology in a research note on Wednesday, December 3rd. Bank of America restated a “neutral” rating and issued a $78.00 price target (down previously from $90.00) on shares of Marvell Technology in a report on Friday, August 29th. JPMorgan Chase & Co. lifted their price objective on Marvell Technology from $120.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, December 3rd. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $95.00 target price on shares of Marvell Technology in a report on Monday, December 1st. Four investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat.com, Marvell Technology has an average rating of “Moderate Buy” and a consensus target price of $111.56.

Marvell Technology Stock Down 5.6%

Shares of NASDAQ MRVL opened at $84.43 on Friday. The firm has a market cap of $71.61 billion, a P/E ratio of 29.62, a price-to-earnings-growth ratio of 0.87 and a beta of 1.93. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.01. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48. The firm’s 50 day moving average price is $88.24 and its 200 day moving average price is $78.16.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.02. Marvell Technology had a return on equity of 13.15% and a net margin of 31.75%.The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the previous year, the firm posted $0.43 EPS. Marvell Technology’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, sell-side analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology declared that its Board of Directors has authorized a share buyback 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 stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Marvell Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Shareholders of record on Friday, October 10th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Friday, October 10th. Marvell Technology’s dividend payout ratio (DPR) is presently 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.