TIAA Trust National Association Boosts Holdings in Marvell Technology, Inc. $MRVL

TIAA Trust National Association grew its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 77.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,041 shares of the semiconductor company’s stock after purchasing an additional 21,765 shares during the period. TIAA Trust National Association’s holdings in Marvell Technology were worth $3,873,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Taylor Frigon Capital Management LLC grew its position in Marvell Technology by 16.5% in the 2nd quarter. Taylor Frigon Capital Management LLC now owns 33,605 shares of the semiconductor company’s stock worth $2,601,000 after purchasing an additional 4,748 shares during the last quarter. Waterfront Wealth Inc. grew its position in Marvell Technology by 21.5% in the 2nd quarter. Waterfront Wealth Inc. now owns 18,394 shares of the semiconductor company’s stock worth $1,424,000 after purchasing an additional 3,258 shares during the last quarter. BOCHK Asset Management Ltd bought a new position in Marvell Technology in the 2nd quarter worth about $1,486,000. Westbourne Investments Inc. grew its position in Marvell Technology by 442.4% in the 2nd quarter. Westbourne Investments Inc. now owns 21,695 shares of the semiconductor company’s stock worth $1,679,000 after purchasing an additional 17,695 shares during the last quarter. Finally, Triton Financial Group Inc bought a new position in Marvell Technology in the 2nd quarter worth about $1,543,000. Institutional investors own 83.51% of the company’s stock.

Insider Activity at Marvell Technology

In related news, CEO Matthew J. Murphy bought 13,600 shares of the business’s stock in a transaction on Thursday, September 25th. The stock was bought at an average price of $77.09 per share, for a total transaction of $1,048,424.00. Following the transaction, the chief executive officer directly 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 Securities & Exchange Commission, which can be accessed through this link. Also, COO Chris Koopmans bought 6,800 shares of the business’s stock in a transaction on Thursday, September 25th. The stock was bought at an average price of $78.03 per share, with a total value of $530,604.00. Following the transaction, the chief operating officer owned 104,825 shares in the company, valued at approximately $8,179,494.75. This represents a 6.94% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 27,200 shares of company stock worth $2,109,632 in the last quarter. 0.19% of the stock is owned by corporate insiders.

Marvell Technology Price Performance

MRVL stock opened at $90.37 on Tuesday. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. Marvell Technology, Inc. has a one year low of $47.08 and a one year high of $127.48. The firm has a market capitalization of $77.91 billion, a PE ratio of -695.15, a P/E/G ratio of 1.10 and a beta of 1.94. The firm has a 50-day moving average of $79.19 and a two-hundred day moving average of $72.51.

Marvell Technology (NASDAQ:MRVL) last posted 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. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The business’s quarterly revenue was up 57.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 earnings per share. 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 year.

Marvell Technology announced that its board has initiated a share repurchase program on Wednesday, September 24th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the semiconductor company to buy up to 7.8% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Marvell Technology Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. UBS Group upped their price objective on shares of Marvell Technology from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Bank of America reaffirmed a “neutral” rating and issued a $78.00 price objective (down previously from $90.00) on shares of Marvell Technology in a report on Friday, August 29th. Zacks Research raised shares of Marvell Technology from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 24th. Benchmark reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Marvell Technology in a report on Friday, August 29th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Marvell Technology in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat, Marvell Technology presently has an average rating of “Moderate Buy” and an average price target of $93.06.

Marvell Technology Company 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.