Richards Merrill & Peterson Inc. Has $279,000 Stock Position in Marvell Technology, Inc. $MRVL

Richards Merrill & Peterson Inc. boosted its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 4.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,606 shares of the semiconductor company’s stock after buying an additional 139 shares during the quarter. Richards Merrill & Peterson Inc.’s holdings in Marvell Technology were worth $279,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Nuveen LLC acquired a new stake in Marvell Technology during the 1st quarter worth approximately $399,587,000. Goldman Sachs Group Inc. grew its holdings in Marvell Technology by 32.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company’s stock valued at $1,272,117,000 after buying an additional 5,050,159 shares in the last quarter. Impax Asset Management Group plc increased its position in Marvell Technology by 748.3% during the 1st quarter. Impax Asset Management Group plc now owns 3,700,841 shares of the semiconductor company’s stock worth $227,033,000 after buying an additional 3,264,557 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Marvell Technology by 662.9% during the first quarter. AQR Capital Management LLC now owns 3,119,855 shares of the semiconductor company’s stock worth $187,566,000 after buying an additional 2,710,894 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of Marvell Technology by 48.3% in the second quarter. Nordea Investment Management AB now owns 7,195,669 shares of the semiconductor company’s stock valued at $555,650,000 after acquiring an additional 2,344,245 shares during the period. 83.51% of the stock is owned by institutional investors.

Insider Activity at Marvell Technology

In related news, CFO Willem A. Meintjes acquired 3,400 shares of the stock in a transaction that occurred on Thursday, September 25th. The stock was acquired at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the transaction, the chief financial officer directly owned 132,159 shares in the company, valued at $10,312,366.77. This trade represents a 2.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Chris Koopmans purchased 6,800 shares of the stock in a transaction dated Thursday, September 25th. The shares were bought at an average price of $78.03 per share, with a total value of $530,604.00. Following the completion of the acquisition, the chief operating officer directly owned 104,825 shares of the company’s stock, valued at approximately $8,179,494.75. This represents a 6.94% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 27,200 shares of company stock valued at $2,109,632. Company insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

MRVL has been the topic of a number of recent research reports. TD Cowen reaffirmed a “hold” rating and set a $85.00 price target (down from $90.00) on shares of Marvell Technology in a research report on Wednesday, October 1st. Wall Street Zen upgraded shares of Marvell Technology from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Barclays reiterated an “equal weight” rating and issued a $80.00 price target on shares of Marvell Technology in a research report on Monday, October 20th. Benchmark reissued a “buy” rating and set a $95.00 price target on shares of Marvell Technology in a research report on Friday, August 29th. Finally, Rosenblatt Securities dropped their price objective on Marvell Technology from $124.00 to $95.00 and set a “buy” rating for the company 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $93.06.

Marvell Technology Stock Up 1.6%

NASDAQ MRVL opened at $84.13 on Friday. The business has a fifty day moving average price of $77.13 and a two-hundred day moving average price of $70.65. The stock has a market capitalization of $72.53 billion, a PE ratio of -647.15, a PEG ratio of 1.01 and a beta of 1.94. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week 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.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, hitting analysts’ consensus estimates of $0.67. The company 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%.Marvell Technology’s revenue was up 57.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Equities analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology announced that its Board of Directors has approved a share buyback plan on Wednesday, September 24th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to repurchase up to 7.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Marvell Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Friday, October 10th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, October 10th. Marvell Technology’s dividend payout ratio (DPR) is presently -184.62%.

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.