Neo Ivy Capital Management Has $2.96 Million Stake in Marvell Technology, Inc. $MRVL

Neo Ivy Capital Management increased its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 568.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,190 shares of the semiconductor company’s stock after purchasing an additional 32,478 shares during the period. Marvell Technology makes up 0.9% of Neo Ivy Capital Management’s holdings, making the stock its 11th largest position. Neo Ivy Capital Management’s holdings in Marvell Technology were worth $2,956,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Financial Connections Group Inc. boosted its position in shares of Marvell Technology by 776.0% during the first quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock worth $27,000 after buying an additional 388 shares during the period. Game Plan Financial Advisors LLC acquired a new stake in Marvell Technology in the 2nd quarter valued at approximately $27,000. Vision Financial Markets LLC bought a new stake in Marvell Technology in the 1st quarter valued at approximately $28,000. Kiker Wealth Management LLC boosted its position in Marvell Technology by 374.7% during the 2nd quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 281 shares during the last quarter. Finally, Westside Investment Management Inc. boosted its position in Marvell Technology by 62.5% during the 2nd quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 160 shares during the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Marvell Technology Price Performance

Shares of NASDAQ MRVL opened at $76.68 on Friday. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve month high of $127.48. The company has a market cap of $66.11 billion, a PE ratio of -589.85, a price-to-earnings-growth ratio of 1.10 and a beta of 1.95. The business’s 50 day moving average price is $84.34 and its two-hundred day moving average price is $75.04. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30.

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 positive return on equity of 11.01% and a negative net margin of 1.43%.The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the firm earned $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. On average, analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology announced that its Board of Directors has initiated a share buyback plan on Wednesday, September 24th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the semiconductor company to reacquire up to 7.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Marvell Technology Announces Dividend

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

Insider Activity at Marvell Technology

In other news, insider Sandeep Bharathi acquired 3,400 shares of Marvell Technology stock in a transaction dated Thursday, September 25th. The stock was bought at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the completion of the acquisition, the insider directly owned 73,392 shares in the company, valued at approximately $5,726,777.76. The trade was a 4.86% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Chris Koopmans bought 6,800 shares of the stock in a transaction dated Thursday, September 25th. The shares were purchased 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 of the company’s stock, valued at $8,179,494.75. This trade represents a 6.94% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have bought 27,200 shares of company stock valued at $2,109,632. 0.19% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on MRVL. Wall Street Zen raised shares of Marvell Technology from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Morgan Stanley lowered their price target on shares of Marvell Technology from $80.00 to $76.00 and set an “equal weight” rating on the stock in a research note on Friday, August 29th. The Goldman Sachs Group increased their price objective on shares of Marvell Technology from $72.00 to $80.00 and gave the stock a “neutral” rating in a research note on Tuesday. Evercore ISI lowered their target price on Marvell Technology from $133.00 to $122.00 and set an “outperform” rating on the stock in a research report on Friday, August 29th. Finally, Oppenheimer upped their target price on Marvell Technology from $95.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $94.23.

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.