Strs Ohio Grows Position in Marvell Technology, Inc. $MRVL

Strs Ohio boosted its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 118.8% during the second quarter, HoldingsChannel.com reports. The firm owned 581,699 shares of the semiconductor company’s stock after acquiring an additional 315,891 shares during the period. Strs Ohio’s holdings in Marvell Technology were worth $45,024,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Golden State Wealth Management LLC grew its position in Marvell Technology by 42.3% during the first quarter. Golden State Wealth Management LLC now owns 2,339 shares of the semiconductor company’s stock valued at $144,000 after acquiring an additional 695 shares during the period. Amalgamated Bank grew its holdings in shares of Marvell Technology by 2.0% during the 1st quarter. Amalgamated Bank now owns 46,471 shares of the semiconductor company’s stock worth $2,861,000 after purchasing an additional 913 shares during the period. Rossby Financial LCC acquired a new stake in Marvell Technology during the 1st quarter worth approximately $27,000. Pinnacle Financial Partners Inc raised its holdings in Marvell Technology by 2.9% in the first quarter. Pinnacle Financial Partners Inc now owns 141,159 shares of the semiconductor company’s stock valued at $8,691,000 after buying an additional 3,989 shares during the period. Finally, Arlington Trust Co LLC raised its stake in shares of Marvell Technology by 58.6% in the 1st quarter. Arlington Trust Co LLC now owns 1,472 shares of the semiconductor company’s stock valued at $91,000 after acquiring an additional 544 shares during the period. 83.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Marvell Technology

In related news, insider Sandeep Bharathi bought 3,400 shares of the firm’s stock in a transaction on Thursday, September 25th. The stock was bought at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the completion of the purchase, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew J. Murphy bought 13,600 shares of the stock in a transaction dated Thursday, September 25th. The shares were bought at an average cost of $77.09 per share, with a total value of $1,048,424.00. Following the completion of the acquisition, the chief executive officer directly owned 268,637 shares of the company’s stock, valued at approximately $20,709,226.33. The trade was a 5.33% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 27,200 shares of company stock valued at $2,109,632 over the last three months. 0.19% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have commented on the company. Evercore ISI cut their price objective 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. Weiss Ratings restated a “hold (c-)” rating on shares of Marvell Technology in a report on Wednesday, October 8th. Jefferies Financial Group lowered their price objective on shares of Marvell Technology from $90.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, August 29th. Oppenheimer boosted their target price on shares of Marvell Technology from $95.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Finally, The Goldman Sachs Group assumed coverage on shares of Marvell Technology in a report on Thursday, July 10th. They set a “neutral” rating and a $75.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $93.06.

Marvell Technology Price Performance

MRVL opened at $88.57 on Friday. The company has a market capitalization of $76.36 billion, a P/E ratio of -681.31, a PEG ratio of 1.10 and a beta of 1.94. The company has a 50-day moving average of $78.42 and a 200-day moving average of $71.68. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.88. Marvell Technology, Inc. has a 1-year low of $47.08 and a 1-year high of $127.48.

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. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the company earned $0.30 earnings per share. Marvell Technology’s quarterly 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. Equities analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology announced that its Board of Directors has initiated a stock repurchase program on Wednesday, September 24th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to reacquire up to 7.8% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Marvell Technology Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Friday, October 10th. This represents a $0.24 annualized dividend and a yield of 0.3%. Marvell Technology’s payout ratio is presently -184.62%.

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.