Aviva PLC Acquires 40,570 Shares of Marvell Technology, Inc. $MRVL

Aviva PLC lifted its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 6.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 646,498 shares of the semiconductor company’s stock after purchasing an additional 40,570 shares during the quarter. Aviva PLC owned 0.07% of Marvell Technology worth $50,039,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in Marvell Technology by 1.9% in the first quarter. Vanguard Group Inc. now owns 63,770,122 shares of the semiconductor company’s stock valued at $3,926,326,000 after buying an additional 1,212,338 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Marvell Technology by 32.3% during the first quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company’s stock worth $1,272,117,000 after acquiring an additional 5,050,159 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Marvell Technology by 2.6% during the first quarter. Ameriprise Financial Inc. now owns 8,942,304 shares of the semiconductor company’s stock worth $562,991,000 after acquiring an additional 227,555 shares during the period. Pictet Asset Management Holding SA lifted its position in Marvell Technology by 6.7% in the 1st quarter. Pictet Asset Management Holding SA now owns 7,776,196 shares of the semiconductor company’s stock valued at $478,794,000 after acquiring an additional 488,610 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Marvell Technology by 4.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,702,611 shares of the semiconductor company’s stock worth $474,250,000 after purchasing an additional 362,409 shares during the period. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Marvell Technology news, insider Sandeep Bharathi bought 3,400 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The shares were acquired at an average cost of $78.03 per share, with a total value of $265,302.00. Following the acquisition, the insider owned 73,392 shares of the company’s stock, valued at $5,726,777.76. The trade was a 4.86% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Chris Koopmans purchased 6,800 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The stock was acquired at an average price of $78.03 per share, for a total transaction of $530,604.00. Following the purchase, the chief operating officer owned 104,825 shares in the company, valued at $8,179,494.75. This trade represents a 6.94% increase in their position. 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. 0.19% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MRVL. Evercore ISI cut their price target on Marvell Technology from $133.00 to $122.00 and set an “outperform” rating on the stock in a report on Friday, August 29th. Cowen cut Marvell Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft upped their price target on Marvell Technology from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, September 25th. Bank of America reiterated a “neutral” rating and issued a $78.00 price objective (down from $90.00) on shares of Marvell Technology in a report on Friday, August 29th. Finally, Needham & Company LLC boosted their price objective on shares of Marvell Technology from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, September 25th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat.com, Marvell Technology currently has a consensus rating of “Moderate Buy” and an average price target of $93.06.

Marvell Technology Trading Down 2.6%

NASDAQ MRVL opened at $90.92 on Friday. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month high of $127.48. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The stock has a 50 day moving average of $80.70 and a 200-day moving average of $73.49. The company has a market cap of $78.38 billion, a PE ratio of -699.38, a PEG ratio of 1.10 and a beta of 1.95.

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

Marvell Technology declared that its board has approved a stock 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 purchase up to 7.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Marvell Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Shareholders of record on Friday, October 10th were given 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 of this dividend was Friday, October 10th. Marvell Technology’s payout ratio is -184.62%.

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.