Raiffeisen Bank International AG Has $8.79 Million Holdings in Marvell Technology, Inc. $MRVL

Raiffeisen Bank International AG cut its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 11.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,652 shares of the semiconductor company’s stock after selling 15,118 shares during the quarter. Raiffeisen Bank International AG’s holdings in Marvell Technology were worth $8,794,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Connections Group Inc. grew its position in shares of Marvell Technology by 776.0% in the 1st 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 period. Game Plan Financial Advisors LLC bought a new stake in shares of Marvell Technology in the 2nd quarter valued at about $27,000. Vision Financial Markets LLC acquired a new stake in Marvell Technology in the 1st quarter valued at about $28,000. Kiker Wealth Management LLC grew its holdings in Marvell Technology by 374.7% during the second quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 281 shares during the period. Finally, Westside Investment Management Inc. increased its position in Marvell Technology by 62.5% during the second quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock worth $32,000 after buying an additional 160 shares during the last quarter. 83.51% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Willem A. Meintjes purchased 3,400 shares of Marvell Technology stock in a transaction that occurred on Thursday, September 25th. The shares were acquired at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the transaction, the chief financial officer owned 132,159 shares of the company’s stock, valued at approximately $10,312,366.77. The trade was a 2.64% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Chris Koopmans acquired 6,800 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The stock was purchased at an average cost of $78.03 per share, for a total transaction of $530,604.00. Following the completion of the purchase, the chief operating officer directly owned 104,825 shares of the company’s stock, valued at $8,179,494.75. The trade was a 6.94% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have bought 27,200 shares of company stock valued at $2,109,632. Corporate insiders own 0.19% of the company’s stock.

Marvell Technology Trading Down 3.5%

Shares of NASDAQ:MRVL opened at $83.45 on Tuesday. The business’s 50 day simple moving average is $83.62 and its 200 day simple moving average is $74.87. 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 company has a market capitalization of $71.94 billion, a P/E ratio of -641.92, a P/E/G ratio of 1.10 and a beta of 1.95.

Marvell Technology (NASDAQ:MRVL) last announced 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. 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 company’s quarterly revenue was up 57.6% compared to the same quarter last year. 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, research analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

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

Marvell Technology Dividend Announcement

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

Analyst Ratings Changes

A number of research firms recently weighed in on MRVL. Roth Capital restated a “buy” rating on shares of Marvell Technology in a research note on Wednesday, October 15th. JPMorgan Chase & Co. decreased their price objective on shares of Marvell Technology from $130.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, August 29th. Benchmark restated a “buy” rating and set a $95.00 target price on shares of Marvell Technology in a research note on Friday, August 29th. Wall Street Zen raised shares of Marvell Technology from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Finally, 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 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 stock. Based on data from MarketBeat, Marvell Technology presently has a consensus rating of “Moderate Buy” and an average target price of $93.06.

About Marvell Technology

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.