Nomura Asset Management Co. Ltd. Has $37.06 Million Holdings in Marvell Technology, Inc. $MRVL

Nomura Asset Management Co. Ltd. trimmed its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 51.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 478,750 shares of the semiconductor company’s stock after selling 517,378 shares during the quarter. Nomura Asset Management Co. Ltd. owned approximately 0.06% of Marvell Technology worth $37,055,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in MRVL. First Horizon Advisors Inc. raised its position in Marvell Technology by 6.9% during the second quarter. First Horizon Advisors Inc. now owns 2,115 shares of the semiconductor company’s stock valued at $164,000 after acquiring an additional 137 shares in the last quarter. Richards Merrill & Peterson Inc. increased its stake in shares of Marvell Technology by 4.0% during the 2nd quarter. Richards Merrill & Peterson Inc. now owns 3,606 shares of the semiconductor company’s stock worth $279,000 after purchasing an additional 139 shares during the last quarter. Retirement Planning Group LLC NY raised its holdings in shares of Marvell Technology by 4.0% during 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 stake in shares of 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 during the last quarter. Finally, Mayflower Financial Advisors LLC boosted its holdings in Marvell Technology by 3.4% in the second quarter. Mayflower Financial Advisors LLC now owns 4,579 shares of the semiconductor company’s stock worth $354,000 after purchasing an additional 151 shares in the last quarter. Institutional investors own 83.51% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on MRVL. Roth Capital restated a “buy” rating on shares of Marvell Technology in a report on Wednesday, October 15th. UBS Group increased their price objective on Marvell Technology from $95.00 to $105.00 and gave the company a “buy” rating in a report on Monday, October 13th. Needham & Company LLC boosted their target price on Marvell Technology from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, September 25th. Deutsche Bank Aktiengesellschaft upped their target price on Marvell Technology from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, September 25th. Finally, Oppenheimer lifted their price target on shares of Marvell Technology from $95.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.23.

Marvell Technology Stock Performance

Shares of NASDAQ MRVL opened at $78.68 on Wednesday. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. The business’s 50 day moving average is $83.86 and its two-hundred day moving average is $74.99. The company has a market cap of $67.83 billion, a P/E ratio of -605.23, a P/E/G ratio of 1.10 and a beta of 1.95. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month high of $127.48.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share 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 company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the prior year, the business earned $0.30 earnings per share. Marvell Technology’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. On average, equities 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. Stockholders of record on Friday, October 10th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, October 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. Marvell Technology’s payout ratio is presently -184.62%.

Marvell Technology announced that its Board of Directors has authorized a stock buyback program on Wednesday, September 24th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to buy up to 7.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

Insider Activity at Marvell Technology

In related news, insider Sandeep Bharathi acquired 3,400 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider owned 73,392 shares of the company’s stock, valued at approximately $5,726,777.76. This 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, CFO Willem A. Meintjes bought 3,400 shares of Marvell Technology stock in a transaction that occurred on Thursday, September 25th. The stock was bought at an average price of $78.03 per share, with a total value of $265,302.00. Following the purchase, the chief financial officer owned 132,159 shares of the company’s stock, valued at $10,312,366.77. This trade represents a 2.64% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders have purchased 27,200 shares of company stock worth $2,109,632. 0.19% of the stock is owned by company insiders.

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.