Marvell Technology, Inc. $MRVL Stock Position Increased by Ameriprise Financial Inc.

Ameriprise Financial Inc. boosted its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 16.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,406,875 shares of the semiconductor company’s stock after acquiring an additional 1,464,571 shares during the quarter. Ameriprise Financial Inc. owned 1.20% of Marvell Technology worth $805,473,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Westerly Capital Management LLC raised its position in Marvell Technology by 20.0% in the second quarter. Westerly Capital Management LLC now owns 90,000 shares of the semiconductor company’s stock worth $6,966,000 after acquiring an additional 15,000 shares in the last quarter. PDT Partners LLC acquired a new position in shares of Marvell Technology in the 2nd quarter worth approximately $3,325,000. Glenview Capital Management LLC raised its holdings in shares of Marvell Technology by 97.4% in the 2nd quarter. Glenview Capital Management LLC now owns 407,012 shares of the semiconductor company’s stock worth $31,503,000 after purchasing an additional 200,852 shares in the last quarter. Paloma Partners Management Co bought a new stake in shares of Marvell Technology in the 2nd quarter worth approximately $929,000. Finally, California State Teachers Retirement System lifted its stake in Marvell Technology by 0.7% during the second quarter. California State Teachers Retirement System now owns 1,362,815 shares of the semiconductor company’s stock valued at $105,482,000 after purchasing an additional 8,846 shares during the last quarter. Institutional investors own 83.51% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on MRVL shares. Barclays increased their price objective on Marvell Technology from $80.00 to $105.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 3rd. Raymond James Financial assumed coverage on Marvell Technology in a report on Thursday, November 20th. They set a “strong-buy” rating and a $121.00 target price for the company. Morgan Stanley set a $112.00 price target on Marvell Technology in a research report on Wednesday, December 3rd. Rosenblatt Securities restated a “buy” rating and set a $95.00 price objective on shares of Marvell Technology in a report on Monday, December 1st. Finally, Cowen reaffirmed a “hold” rating on shares of Marvell Technology in a research note on Wednesday, December 3rd. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $111.56.

Insider Transactions at Marvell Technology

In other news, insider Sandeep Bharathi purchased 3,400 shares of the business’s stock in a transaction on Thursday, September 25th. The stock was purchased at an average price of $78.03 per share, with a total value of $265,302.00. Following the acquisition, the insider directly owned 73,392 shares in the company, valued at approximately $5,726,777.76. The trade was a 4.86% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Matthew J. Murphy purchased 13,600 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The stock was acquired at an average cost of $77.09 per share, with a total value of $1,048,424.00. Following the transaction, the chief executive officer directly owned 268,637 shares of the company’s stock, valued at approximately $20,709,226.33. This represents a 5.33% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders purchased 27,200 shares of company stock worth $2,109,632. 0.19% of the stock is currently owned by insiders.

Marvell Technology Stock Down 5.6%

Marvell Technology stock opened at $84.43 on Friday. The company has a market capitalization of $71.61 billion, a P/E ratio of 29.62, a P/E/G ratio of 0.87 and a beta of 1.93. The firm’s fifty day simple moving average is $88.24 and its 200-day simple moving average is $78.16. The company has a current ratio of 2.01, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. 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, topping the consensus estimate of $0.74 by $0.02. The company had revenue of $2.07 billion during 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 firm’s revenue was up 36.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.43 EPS. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. Sell-side analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Investors of record on Friday, October 10th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.3%. The ex-dividend date was Friday, October 10th. Marvell Technology’s dividend payout ratio is presently 8.42%.

Marvell Technology announced that its Board of Directors has authorized a share repurchase plan on Wednesday, September 24th that authorizes the company to repurchase $5.00 billion in 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 typically an indication that the company’s board of directors believes its stock is undervalued.

Marvell Technology 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.