19,200 Shares in Marvell Technology, Inc. $MRVL Acquired by BOCHK Asset Management Ltd

Key Points

• BOCHK Asset Management Ltd acquired 19,200 shares of Marvell Technology, Inc., valued at approximately $1.5 million, marking it as the firm's 7th largest investment.
• Insider transactions include COO Chris Koopmans purchasing 6,800 shares and Sandeep Bharathi acquiring 3,400 shares, indicating confidence in the company's prospects.
• Marvell Technology announced a $5 billion share repurchase plan and declared a quarterly dividend of $0.06 per share to be paid on October 30th, reflecting ongoing shareholder returns.

BOCHK Asset Management Ltd bought a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,200 shares of the semiconductor company's stock, valued at approximately $1,486,000. Marvell Technology makes up 0.4% of BOCHK Asset Management Ltd's investment portfolio, making the stock its 7th biggest holding.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Marvell Technology by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 63,770,122 shares of the semiconductor company's stock valued at $3,926,326,000 after buying an additional 1,212,338 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings 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 valued at $1,272,117,000 after buying an additional 5,050,159 shares during the last quarter. Brown Advisory Inc. boosted its holdings in shares of Marvell Technology by 2.2% in the 1st quarter. Brown Advisory Inc. now owns 19,300,527 shares of the semiconductor company's stock valued at $1,188,333,000 after buying an additional 423,892 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Marvell Technology by 2.6% in the 1st quarter. Ameriprise Financial Inc. now owns 8,942,304 shares of the semiconductor company's stock valued at $562,991,000 after buying an additional 227,555 shares during the last quarter. Finally, Pictet Asset Management Holding SA boosted its holdings in shares of Marvell Technology by 6.7% in the 1st quarter. Pictet Asset Management Holding SA now owns 7,776,196 shares of the semiconductor company's stock valued at $478,794,000 after buying an additional 488,610 shares during the last quarter. 83.51% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, COO Chris Koopmans acquired 6,800 shares of the 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 $530,604.00. Following the purchase, the chief operating officer directly owned 104,825 shares of the company's stock, valued at $8,179,494.75. The trade was a 6.94% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sandeep Bharathi acquired 3,400 shares of the stock in a transaction dated Thursday, September 25th. The stock was bought at an average price of $78.03 per share, with a total value of $265,302.00. Following the purchase, the insider directly owned 73,392 shares in the company, valued at $5,726,777.76. This represents a 4.86% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 27,200 shares of company stock worth $2,109,632 over the last ninety days. 0.19% of the stock is owned by company insiders.

Marvell Technology Stock Down 0.2%

Shares of NASDAQ MRVL opened at $83.89 on Thursday. The company has a 50 day simple moving average of $73.78 and a 200 day simple moving average of $67.92. The firm has a market cap of $72.32 billion, a PE ratio of -645.31, a price-to-earnings-growth ratio of 1.03 and a beta of 1.94. 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 - Get Free Report) last issued its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (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 business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the business earned $0.30 EPS. The firm'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. On average, research analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology announced that its board has initiated a stock repurchase plan on Wednesday, September 24th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the semiconductor company to reacquire up to 7.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's management believes its stock is undervalued.

Marvell Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Friday, October 10th will be issued a dividend of $0.06 per share. The ex-dividend date is Friday, October 10th. This represents a $0.24 annualized dividend and a yield of 0.3%. Marvell Technology's dividend payout ratio (DPR) is presently -184.62%.

Analyst Ratings Changes

Several research firms have recently commented on MRVL. Deutsche Bank Aktiengesellschaft increased their price objective on Marvell Technology from $80.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, September 25th. Wall Street Zen raised Marvell Technology from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. China Renaissance started coverage on Marvell Technology in a report on Thursday, June 5th. They set a "buy" rating and a $110.00 price target for the company. Evercore ISI cut their price target on Marvell Technology from $133.00 to $122.00 and set an "outperform" rating for the company in a report on Friday, August 29th. Finally, Cowen downgraded Marvell Technology from a "buy" rating to a "hold" rating in a report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, Marvell Technology presently has a consensus rating of "Moderate Buy" and a consensus target price of $91.67.

About Marvell Technology

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.

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