Marvell Technology, Inc. $MRVL Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc lessened its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 8.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,405,465 shares of the semiconductor company’s stock after selling 295,376 shares during the quarter. Marvell Technology comprises about 1.5% of Impax Asset Management Group plc’s holdings, making the stock its 17th biggest holding. Impax Asset Management Group plc owned about 0.39% of Marvell Technology worth $262,423,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Cerity Partners LLC boosted its position in Marvell Technology by 64.3% in the 1st quarter. Cerity Partners LLC now owns 98,751 shares of the semiconductor company’s stock valued at $6,080,000 after buying an additional 38,633 shares during the period. Ballentine Partners LLC raised its stake in shares of Marvell Technology by 7.7% in the first quarter. Ballentine Partners LLC now owns 6,965 shares of the semiconductor company’s stock valued at $429,000 after acquiring an additional 495 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in Marvell Technology by 14.4% in the first quarter. Bleakley Financial Group LLC now owns 14,311 shares of the semiconductor company’s stock valued at $881,000 after purchasing an additional 1,801 shares during the period. Edgestream Partners L.P. grew its stake in Marvell Technology by 1,480.2% during the 1st quarter. Edgestream Partners L.P. now owns 60,853 shares of the semiconductor company’s stock worth $3,747,000 after purchasing an additional 57,002 shares in the last quarter. Finally, Whittier Trust Co. increased its holdings in Marvell Technology by 49.4% during the 1st quarter. Whittier Trust Co. now owns 665 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 220 shares during the period. Institutional investors and hedge funds own 83.51% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on MRVL shares. Oppenheimer upped their target price on shares of Marvell Technology from $95.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. Needham & Company LLC lifted their price target 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. UBS Group increased their price objective on shares of Marvell Technology from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Marvell Technology from $80.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, September 25th. Finally, Evercore ISI lowered their target price on shares of Marvell Technology from $133.00 to $122.00 and set an “outperform” rating for the company in a research note on Friday, August 29th. Two equities research 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $93.06.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, insider Sandeep Bharathi purchased 3,400 shares of Marvell Technology stock in a transaction that occurred 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 directly owned 73,392 shares in the company, valued at $5,726,777.76. This trade represents a 4.86% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Matthew J. Murphy purchased 13,600 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The shares were acquired at an average price of $77.09 per share, with a total value of $1,048,424.00. Following the purchase, 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 ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders acquired 27,200 shares of company stock valued at $2,109,632. Insiders own 0.33% of the company’s stock.

Marvell Technology Stock Performance

Shares of MRVL stock opened at $89.33 on Thursday. The stock’s 50-day moving average is $82.34 and its two-hundred day moving average is $74.20. 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. The firm has a market cap of $77.01 billion, a price-to-earnings ratio of -687.15, a PEG ratio of 1.10 and a beta of 1.95.

Marvell Technology (NASDAQ:MRVL) last announced its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.67. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations 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 was up 57.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Analysts predict that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Friday, October 10th were given 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 dividend payout ratio (DPR) is -184.62%.

Marvell Technology declared that its board has initiated a share buyback program on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to buy up to 7.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is 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.