18,288 Shares in Marvell Technology, Inc. $MRVL Purchased by Bailard Inc.

Bailard Inc. purchased a new stake in Marvell Technology, Inc. (NASDAQ:MRVL) in the second quarter, Holdings Channel.com reports. The firm purchased 18,288 shares of the semiconductor company’s stock, valued at approximately $1,415,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of MRVL. Taylor Frigon Capital Management LLC increased its position in shares of Marvell Technology by 16.5% in the 2nd quarter. Taylor Frigon Capital Management LLC now owns 33,605 shares of the semiconductor company’s stock worth $2,601,000 after purchasing an additional 4,748 shares during the last quarter. Waterfront Wealth Inc. grew its stake in Marvell Technology by 21.5% in the second quarter. Waterfront Wealth Inc. now owns 18,394 shares of the semiconductor company’s stock worth $1,424,000 after purchasing an additional 3,258 shares in the last quarter. BOCHK Asset Management Ltd acquired a new position in Marvell Technology in the second quarter worth about $1,486,000. Westbourne Investments Inc. increased its holdings in Marvell Technology by 442.4% in the second quarter. Westbourne Investments Inc. now owns 21,695 shares of the semiconductor company’s stock valued at $1,679,000 after buying an additional 17,695 shares during the last quarter. Finally, Triton Financial Group Inc bought a new stake in Marvell Technology in the second quarter valued at about $1,543,000. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Marvell Technology Stock Performance

Shares of MRVL opened at $87.52 on Friday. The firm has a fifty day moving average of $82.81 and a 200-day moving average of $74.30. The company has a market cap of $75.45 billion, a price-to-earnings ratio of -673.23, a price-to-earnings-growth ratio of 1.10 and a beta of 1.95. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.88. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.67. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The business’s revenue for the quarter was up 57.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, equities analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Friday, October 10th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, October 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. Marvell Technology’s payout ratio is currently -184.62%.

Marvell Technology announced that its Board of Directors has initiated a share repurchase program 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 shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

MRVL has been the topic of a number of research analyst reports. Roth Capital reaffirmed a “buy” rating on shares of Marvell Technology in a report on Wednesday, October 15th. Cowen lowered Marvell Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, September 30th. BNP Paribas upgraded Marvell Technology to a “strong-buy” rating in a research note on Friday, August 29th. Benchmark reiterated a “buy” rating and set a $95.00 target price on shares of Marvell Technology in a research note on Friday, August 29th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Marvell Technology from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, September 25th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and thirteen have given a Hold rating to the company’s stock. According to data from MarketBeat, Marvell Technology currently has an average rating of “Moderate Buy” and an average target price of $93.06.

Insiders Place Their Bets

In other news, insider Sandeep Bharathi acquired 3,400 shares of the business’s stock in a transaction that occurred on Thursday, September 25th. The stock was acquired at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the completion of the acquisition, the insider owned 73,392 shares in the company, valued at approximately $5,726,777.76. The trade was a 4.86% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Willem A. Meintjes purchased 3,400 shares of Marvell Technology stock in a transaction dated Thursday, September 25th. The shares were purchased at an average price of $78.03 per share, with a total value of $265,302.00. Following the completion of the acquisition, the chief financial officer owned 132,159 shares in the company, valued at $10,312,366.77. The trade was a 2.64% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 27,200 shares of company stock worth $2,109,632 over the last three months. Company insiders own 0.33% of the company’s stock.

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.