Global X Japan Co. Ltd. Sells 9,828 Shares of Marvell Technology, Inc. $MRVL

Global X Japan Co. Ltd. cut its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 19.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,859 shares of the semiconductor company’s stock after selling 9,828 shares during the period. Global X Japan Co. Ltd.’s holdings in Marvell Technology were worth $3,351,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in Marvell Technology by 1.7% during the third quarter. GAMMA Investing LLC now owns 7,306 shares of the semiconductor company’s stock worth $614,000 after purchasing an additional 122 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Marvell Technology by 6.9% during the second quarter. First Horizon Advisors Inc. now owns 2,115 shares of the semiconductor company’s stock valued at $164,000 after purchasing an additional 137 shares during the period. Richards Merrill & Peterson Inc. grew its holdings in shares of Marvell Technology by 4.0% in the second 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 during the last quarter. Retirement Planning Group LLC NY increased its stake in shares of Marvell Technology by 4.0% in the second quarter. Retirement Planning Group LLC NY now owns 3,722 shares of the semiconductor company’s stock worth $288,000 after buying an additional 142 shares during the period. Finally, Harbor Capital Advisors Inc. raised its stake in shares of Marvell Technology by 0.8% during the second quarter. Harbor Capital Advisors Inc. now owns 19,945 shares of the semiconductor company’s stock valued at $1,544,000 after acquiring an additional 151 shares during the last quarter. Institutional investors own 83.51% of the company’s stock.

Wall Street Analyst Weigh In

MRVL has been the topic of several research analyst reports. UBS Group set a $100.00 target price on Marvell Technology in a research note on Wednesday, December 3rd. B. Riley reissued a “buy” rating and set a $130.00 price objective (up from $100.00) on shares of Marvell Technology in a research report on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Marvell Technology from $90.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. Raymond James Financial initiated coverage on Marvell Technology in a research note on Thursday, November 20th. They set a “strong-buy” rating and a $121.00 price target for the company. Finally, Evercore ISI increased their price objective on shares of Marvell Technology from $122.00 to $156.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 3rd. Four 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $111.25.

Insider Buying and Selling at Marvell Technology

In other news, insider Sandeep Bharathi bought 3,400 shares of the stock in a transaction that occurred on Thursday, September 25th. The stock was purchased at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the completion of the purchase, the insider owned 73,392 shares in the company, valued at approximately $5,726,777.76. This trade represents a 4.86% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark Casper sold 1,253 shares of the stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $101.00, for a total transaction of $126,553.00. Following the completion of the transaction, the executive vice president owned 9,023 shares in the company, valued at $911,323. This represents a 12.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have acquired 27,200 shares of company stock valued at $2,109,632. Corporate insiders own 0.33% of the company’s stock.

Marvell Technology Trading Up 3.4%

NASDAQ:MRVL opened at $87.68 on Wednesday. The company has a quick ratio of 1.64, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $74.36 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 0.82 and a beta of 1.93. The firm has a 50 day moving average of $87.66 and a 200 day moving average of $79.38. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $127.48.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.06 billion. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The firm’s revenue was up 36.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.43 earnings per share. 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 fiscal year.

Marvell Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 29th. Shareholders of record on Friday, January 9th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, January 9th. Marvell Technology’s dividend payout ratio is 8.42%.

Marvell Technology announced that its Board of Directors has approved a share repurchase plan on Wednesday, September 24th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the semiconductor company to repurchase up to 7.8% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

About Marvell Technology

Marvell Technology Group is a global semiconductor company that designs and develops integrated circuits and related software for data infrastructure, networking, storage and connectivity markets. The company’s product portfolio includes system-on-chip (SoC) solutions, Ethernet physical-layer transceivers (PHYs), switch and switch silicon, optical interconnect components, storage controllers, and security processors. Marvell’s technology is used to enable high-performance data centers, carrier networks, enterprise and cloud storage, as well as connectivity in automotive and industrial applications.

Founded in 1995 and headquartered in Santa Clara, California, Marvell has grown through both organic development and strategic acquisitions to broaden its capabilities across networking and data interconnect.