Geneva Capital Management LLC Has $2.53 Million Stock Position in Marvell Technology, Inc. $MRVL

Geneva Capital Management LLC raised its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 7.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 32,671 shares of the semiconductor company’s stock after acquiring an additional 2,312 shares during the quarter. Geneva Capital Management LLC’s holdings in Marvell Technology were worth $2,529,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Hughes Financial Services LLC bought a new stake in Marvell Technology during the first quarter valued at $26,000. Rossby Financial LCC bought a new stake in Marvell Technology during the first quarter valued at $27,000. Financial Connections Group Inc. boosted its position in Marvell Technology by 776.0% during the first quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 388 shares during the last quarter. Game Plan Financial Advisors LLC bought a new stake in Marvell Technology during the second quarter valued at $27,000. Finally, Vision Financial Markets LLC bought a new stake in Marvell Technology during the first quarter valued at $28,000. 83.51% of the stock is owned by institutional investors.

Insider Buying and Selling at Marvell Technology

In other news, COO Chris Koopmans purchased 6,800 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were bought at an average cost of $78.03 per share, with a total value of $530,604.00. Following the completion of the transaction, the chief operating officer directly owned 104,825 shares of the company’s stock, valued at approximately $8,179,494.75. This trade represents a 6.94% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed 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 shares were purchased at an average cost of $77.09 per share, for a total transaction of $1,048,424.00. Following the completion of the transaction, the chief executive officer directly owned 268,637 shares of the company’s stock, valued at $20,709,226.33. This represents a 5.33% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have purchased 27,200 shares of company stock worth $2,109,632. 0.19% of the stock is currently owned by insiders.

Marvell Technology Trading Up 5.8%

MRVL opened at $93.71 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week high of $127.48. The firm has a market capitalization of $80.79 billion, a PE ratio of -720.85, a P/E/G ratio of 1.10 and a beta of 1.94. The company’s 50-day moving average is $78.84 and its 200 day moving average is $72.10.

Marvell Technology (NASDAQ:MRVL) last posted 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. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the prior year, the business posted $0.30 EPS. The firm’s revenue 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. As a group, research analysts predict that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology announced that its Board of Directors has initiated a stock buyback program on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the semiconductor company to buy up to 7.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Marvell Technology Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have commented on MRVL. Zacks Research raised shares of Marvell Technology from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 24th. Summit Redstone set a $105.00 target price on shares of Marvell Technology in a research note on Wednesday, October 15th. Needham & Company LLC increased their target price on shares of Marvell Technology from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, September 25th. Jefferies Financial Group cut their target price on shares of Marvell Technology from $90.00 to $80.00 and set a “buy” rating on the stock in a research note on Friday, August 29th. Finally, Rosenblatt Securities cut their target price on shares of Marvell Technology from $124.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $93.06.

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.