Savant Capital LLC Increases Stock Holdings in Marvell Technology, Inc. $MRVL

Savant Capital LLC grew its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 21.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,902 shares of the semiconductor company’s stock after purchasing an additional 9,388 shares during the period. Savant Capital LLC’s holdings in Marvell Technology were worth $4,095,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MRVL. Crossmark Global Holdings Inc. raised its position in Marvell Technology by 14.0% during the 1st quarter. Crossmark Global Holdings Inc. now owns 6,732 shares of the semiconductor company’s stock worth $414,000 after buying an additional 829 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of Marvell Technology by 64.3% in the first quarter. Cerity Partners LLC now owns 98,751 shares of the semiconductor company’s stock valued at $6,080,000 after acquiring an additional 38,633 shares in the last quarter. Ballentine Partners LLC increased its stake in shares of Marvell Technology by 7.7% during the first quarter. Ballentine Partners LLC now owns 6,965 shares of the semiconductor company’s stock worth $429,000 after acquiring an additional 495 shares during the period. Arizona State Retirement System raised its holdings in Marvell Technology by 1.7% during the first quarter. Arizona State Retirement System now owns 253,717 shares of the semiconductor company’s stock worth $15,621,000 after purchasing an additional 4,298 shares in the last quarter. Finally, Fulton Breakefield Broenniman LLC raised its holdings in Marvell Technology by 27.2% during the first quarter. Fulton Breakefield Broenniman LLC now owns 9,904 shares of the semiconductor company’s stock worth $610,000 after purchasing an additional 2,120 shares in the last quarter. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Analysts Set New Price Targets

MRVL has been the topic of a number of analyst reports. BNP Paribas raised Marvell Technology to a “strong-buy” rating in a report on Friday, August 29th. Weiss Ratings restated a “hold (c-)” rating on shares of Marvell Technology in a research note on Wednesday, October 8th. Morgan Stanley cut their price objective on Marvell Technology from $80.00 to $76.00 and set an “equal weight” rating for the company in a research report on Friday, August 29th. Roth Capital reissued a “buy” rating on shares of Marvell Technology in a report on Wednesday, October 15th. Finally, Jefferies Financial Group lowered their price target on shares of Marvell Technology from $90.00 to $80.00 and set a “buy” rating on the stock in a research note on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $93.06.

Marvell Technology Trading Down 2.6%

Shares of MRVL stock opened at $90.92 on Monday. The stock has a market cap of $78.38 billion, a P/E ratio of -699.38, a P/E/G ratio of 1.10 and a beta of 1.95. 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, Inc. has a fifty-two week low of $47.08 and a fifty-two week high of $127.48. The business has a fifty day simple moving average of $80.70 and a 200-day simple moving average of $73.63.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, meeting analysts’ consensus estimates of $0.67. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the prior year, the company earned $0.30 EPS. The firm’s revenue was up 57.6% on a year-over-year basis. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

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

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

Insider Buying and Selling

In related news, CEO Matthew J. Murphy bought 13,600 shares of Marvell Technology stock in a transaction that occurred on Thursday, September 25th. The shares were purchased 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 represents a 5.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Chris Koopmans purchased 6,800 shares of the company’s stock in a transaction on Thursday, September 25th. The shares were bought at an average cost of $78.03 per share, with a total value of $530,604.00. Following the transaction, the chief operating officer directly owned 104,825 shares of the company’s stock, valued at $8,179,494.75. This represents a 6.94% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 27,200 shares of company stock worth $2,109,632 in the last quarter. Corporate insiders own 0.19% of the company’s stock.

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.