Marvell Technology, Inc. $MRVL Shares Purchased by Keybank National Association OH

Keybank National Association OH increased its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 36.8% in the 2nd quarter, Holdings Channel reports. The firm owned 16,493 shares of the semiconductor company’s stock after purchasing an additional 4,436 shares during the period. Keybank National Association OH’s holdings in Marvell Technology were worth $1,277,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Richards Merrill & Peterson Inc. lifted its holdings in Marvell Technology by 4.0% in the 2nd quarter. Richards Merrill & Peterson Inc. now owns 3,606 shares of the semiconductor company’s stock valued at $279,000 after purchasing an additional 139 shares in the last quarter. Retirement Planning Group LLC NY lifted its holdings in Marvell Technology by 4.0% in the 2nd quarter. Retirement Planning Group LLC NY now owns 3,722 shares of the semiconductor company’s stock valued at $288,000 after purchasing an additional 142 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Marvell Technology by 0.8% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 19,945 shares of the semiconductor company’s stock valued at $1,544,000 after purchasing an additional 151 shares in the last quarter. Mayflower Financial Advisors LLC lifted its holdings in Marvell Technology by 3.4% in the 2nd quarter. Mayflower Financial Advisors LLC now owns 4,579 shares of the semiconductor company’s stock valued at $354,000 after purchasing an additional 151 shares in the last quarter. Finally, CHICAGO TRUST Co NA lifted its holdings in Marvell Technology by 3.5% in the 2nd quarter. CHICAGO TRUST Co NA now owns 4,703 shares of the semiconductor company’s stock valued at $364,000 after purchasing an additional 158 shares in the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Marvell Technology Stock Performance

Marvell Technology stock opened at $93.71 on Monday. The firm has a 50 day simple moving average of $78.84 and a 200-day simple moving average of $72.24. Marvell Technology, Inc. has a 1-year low of $47.08 and a 1-year high of $127.48. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44. The stock has a market cap of $80.79 billion, a price-to-earnings ratio of -720.85, a price-to-earnings-growth ratio of 1.10 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. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. Marvell Technology’s revenue was up 57.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 0.3%. The ex-dividend date was Friday, October 10th. Marvell Technology’s payout ratio is -184.62%.

Marvell Technology announced that its Board of Directors has initiated a stock repurchase 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 often an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Zacks Research upgraded Marvell Technology from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 24th. The Goldman Sachs Group assumed coverage on Marvell Technology in a report on Thursday, July 10th. They issued a “neutral” rating and a $75.00 price objective on the stock. Benchmark restated a “buy” rating and issued a $95.00 price objective on shares of Marvell Technology in a report on Friday, August 29th. Morgan Stanley reduced their price target on Marvell Technology from $80.00 to $76.00 and set an “equal weight” rating on the stock in a report on Friday, August 29th. Finally, BNP Paribas upgraded Marvell Technology to a “strong-buy” rating in a report on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and thirteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $93.06.

Insider Activity at Marvell Technology

In related news, insider Sandeep Bharathi acquired 3,400 shares of Marvell Technology stock in a transaction that occurred on Thursday, September 25th. The shares were purchased at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the acquisition, the insider owned 73,392 shares in the company, valued at approximately $5,726,777.76. This represents a 4.86% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Matthew J. Murphy acquired 13,600 shares of Marvell Technology stock in a transaction that occurred on Thursday, September 25th. The stock was bought at an average price of $77.09 per share, for a total transaction of $1,048,424.00. Following the completion of the acquisition, the chief executive officer owned 268,637 shares in the company, valued at $20,709,226.33. This trade represents a 5.33% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 27,200 shares of company stock valued at $2,109,632 in the last quarter. Corporate insiders own 0.19% of the company’s stock.

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.