Envestnet Asset Management Inc. Has $121.91 Million Stock Position in Marvell Technology, Inc. $MRVL

Envestnet Asset Management Inc. lowered its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 6.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,575,162 shares of the semiconductor company’s stock after selling 112,756 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Marvell Technology were worth $121,910,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Marvell Technology by 1.9% in the 1st 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 during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Marvell Technology by 32.3% in the 1st 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. Brown Advisory Inc. lifted its position in shares of Marvell Technology by 2.2% in the 1st quarter. Brown Advisory Inc. now owns 19,300,527 shares of the semiconductor company’s stock worth $1,188,333,000 after acquiring an additional 423,892 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Marvell Technology by 2.6% in the 1st 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. Finally, Pictet Asset Management Holding SA lifted its position in shares of 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 worth $478,794,000 after acquiring an additional 488,610 shares during the period. Institutional investors and hedge funds own 83.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Cantor Fitzgerald reiterated a “neutral” rating and issued a $75.00 price objective on shares of Marvell Technology in a research report on Friday, August 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Marvell Technology in a research report on Wednesday, October 8th. Oppenheimer raised their price objective on Marvell Technology from $95.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Needham & Company LLC raised their price objective on Marvell Technology from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, September 25th. Finally, Cowen downgraded Marvell Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $93.06.

Insiders Place Their Bets

In other Marvell Technology news, insider Sandeep Bharathi acquired 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, for a total transaction of $265,302.00. Following the transaction, the insider owned 73,392 shares in the company, valued at $5,726,777.76. This trade represents a 4.86% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Willem A. Meintjes acquired 3,400 shares of the business’s stock in a transaction on Thursday, September 25th. The stock was acquired at an average price of $78.03 per share, with a total value of $265,302.00. Following the transaction, the chief financial officer owned 132,159 shares in the company, valued at approximately $10,312,366.77. The trade was a 2.64% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have bought 27,200 shares of company stock worth $2,109,632. 0.33% of the stock is owned by company insiders.

Marvell Technology Trading Down 0.3%

Shares of MRVL opened at $88.46 on Wednesday. The stock has a fifty day moving average price of $77.70 and a two-hundred day moving average price of $71.30. 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 52-week low of $47.08 and a 52-week high of $127.48. The company has a market cap of $76.26 billion, a price-to-earnings ratio of -680.46, a PEG ratio of 1.08 and a beta of 1.94.

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, meeting the consensus estimate of $0.67. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the company posted $0.30 EPS. The business’s revenue for the quarter was up 57.6% compared to the same quarter last year. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Friday, October 10th will be given a $0.06 dividend. The ex-dividend date is Friday, October 10th. This represents a $0.24 annualized dividend and a yield of 0.3%. Marvell Technology’s payout ratio is presently -184.62%.

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

Marvell Technology Company 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.