William Blair Investment Management LLC Purchases 541 Shares of Marvell Technology, Inc. $MRVL

William Blair Investment Management LLC lifted its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 3.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,403 shares of the semiconductor company’s stock after purchasing an additional 541 shares during the quarter. William Blair Investment Management LLC’s holdings in Marvell Technology were worth $1,192,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MRVL. Hughes Financial Services LLC bought a new position in shares of Marvell Technology in the first quarter worth $26,000. Rossby Financial LCC purchased a new position in Marvell Technology in the first quarter worth $27,000. Financial Connections Group Inc. grew its position in Marvell Technology by 776.0% in the first quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 388 shares in the last quarter. Game Plan Financial Advisors LLC purchased a new position in Marvell Technology in the second quarter worth $27,000. Finally, Vision Financial Markets LLC purchased a new position in Marvell Technology in the first quarter worth $28,000. Institutional investors own 83.51% of the company’s stock.

Insider Activity

In other news, COO Chris Koopmans bought 6,800 shares of the company’s stock in a transaction dated Thursday, September 25th. The stock was bought at an average cost of $78.03 per share, for a total transaction of $530,604.00. Following the completion of the acquisition, the chief operating officer owned 104,825 shares in the company, valued at approximately $8,179,494.75. This trade represents a 6.94% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Sandeep Bharathi bought 3,400 shares of the company’s stock in a transaction dated Thursday, September 25th. The shares were purchased at an average price of $78.03 per share, with a total value of $265,302.00. Following the completion of the acquisition, the insider owned 73,392 shares of the company’s stock, valued at $5,726,777.76. This trade represents a 4.86% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 27,200 shares of company stock valued at $2,109,632. Company insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Benchmark reiterated a “buy” rating and issued a $95.00 target price on shares of Marvell Technology in a research report on Friday, August 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Marvell Technology in a research report on Wednesday, October 8th. UBS Group upped their target price on shares of Marvell Technology from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. BNP Paribas upgraded shares of Marvell Technology to a “strong-buy” rating in a research report on Friday, August 29th. Finally, Wells Fargo & Company cut their target price on shares of Marvell Technology from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat.com, Marvell Technology currently has an average rating of “Moderate Buy” and an average target price of $93.06.

Marvell Technology Stock Performance

NASDAQ MRVL opened at $85.84 on Tuesday. The company has a 50-day simple moving average of $76.73 and a two-hundred day simple moving average of $70.02. 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 12-month low of $47.08 and a 12-month high of $127.48. The firm has a market cap of $74.00 billion, a price-to-earnings ratio of -660.31, a PEG ratio of 1.07 and a beta of 1.94.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.67. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period in the prior year, the business posted $0.30 earnings per share. The company’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, equities analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current year.

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

Marvell Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Friday, October 10th will be issued a dividend of $0.06 per share. 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 is currently -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.