Westwood Holdings Group Inc. Purchases 157,256 Shares of Marvell Technology, Inc. $MRVL

Westwood Holdings Group Inc. grew its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 17.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,033,966 shares of the semiconductor company’s stock after purchasing an additional 157,256 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Marvell Technology were worth $80,029,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MRVL. Nuveen LLC acquired a new stake in Marvell Technology during the 1st quarter worth $399,587,000. Goldman Sachs Group Inc. boosted its position in shares of 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 worth $1,272,117,000 after purchasing an additional 5,050,159 shares during the last quarter. AQR Capital Management LLC grew its stake 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 purchasing an additional 2,710,894 shares during the period. Nordea Investment Management AB increased its holdings in 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 purchasing an additional 2,344,245 shares during the last quarter. Finally, DnB Asset Management AS lifted its stake in Marvell Technology by 1,167.6% in the first quarter. DnB Asset Management AS now owns 2,015,860 shares of the semiconductor company’s stock valued at $124,116,000 after buying an additional 1,856,833 shares during the period. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MRVL shares. Zacks Research upgraded Marvell Technology from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 24th. Jefferies Financial Group lowered their target price on shares of Marvell Technology from $90.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, August 29th. UBS Group boosted their price target on shares of Marvell Technology from $95.00 to $105.00 and gave the company a “buy” rating in a report on Monday, October 13th. Barclays reaffirmed an “equal weight” rating and set a $80.00 price objective on shares of Marvell Technology in a research note on Monday, October 20th. Finally, Benchmark reissued a “buy” rating and issued a $95.00 target price on shares of Marvell Technology in a research note on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $93.06.

Insider Buying and Selling at Marvell Technology

In related news, CFO Willem A. Meintjes acquired 3,400 shares of the firm’s stock in a transaction dated Thursday, September 25th. The stock was bought at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the acquisition, the chief financial officer directly 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sandeep Bharathi bought 3,400 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were bought at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the acquisition, the insider directly owned 73,392 shares of the company’s stock, valued at $5,726,777.76. This represents a 4.86% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have purchased 27,200 shares of company stock valued at $2,109,632. Corporate insiders own 0.19% of the company’s stock.

Marvell Technology Stock Performance

MRVL opened at $86.45 on Friday. The company has a market capitalization of $74.53 billion, a price-to-earnings ratio of -665.00, a P/E/G ratio of 1.10 and a beta of 1.95. The business’s 50-day moving average price is $83.27 and its two-hundred day moving average price is $74.49. 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.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.67. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 57.6% on a year-over-year basis. During the same period last year, the company earned $0.30 earnings per share. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Investors of record on Friday, October 10th were given a $0.06 dividend. The ex-dividend date of this dividend 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 (DPR) is -184.62%.

Marvell Technology declared that its Board of Directors has authorized a share buyback program 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 stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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.