Allianz Asset Management GmbH Has $21.52 Million Stock Position in Marvell Technology, Inc. $MRVL

Key Points

• Allianz Asset Management GmbH increased its position in Marvell Technology by 116.9% during the second quarter, owning 278,065 shares valued at approximately $21.52 million.
• Both COO Chris Koopmans and CEO Matthew J. Murphy made significant purchases of Marvell shares on September 25th, reflecting a 6.94% and 5.33% increase in their respective holdings.
• Marvell Technology announced a $5 billion stock repurchase plan to buy back up to 7.8% of its outstanding shares, signaling confidence from the company's leadership about its stock valuation.

Allianz Asset Management GmbH boosted its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 116.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 278,065 shares of the semiconductor company's stock after purchasing an additional 149,855 shares during the period. Allianz Asset Management GmbH's holdings in Marvell Technology were worth $21,522,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Retirement Planning Group LLC NY boosted its position in Marvell Technology by 4.0% during the second quarter. Retirement Planning Group LLC NY now owns 3,722 shares of the semiconductor company's stock valued at $288,000 after purchasing an additional 142 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position in Marvell Technology by 0.8% during the second quarter. Harbor Capital Advisors Inc. now owns 19,945 shares of the semiconductor company's stock valued at $1,544,000 after purchasing an additional 151 shares during the last quarter. CHICAGO TRUST Co NA lifted its position in shares of Marvell Technology by 3.5% in the second quarter. CHICAGO TRUST Co NA now owns 4,703 shares of the semiconductor company's stock worth $364,000 after buying an additional 158 shares during the last quarter. Synovus Financial Corp lifted its position in shares of Marvell Technology by 3.5% in the first quarter. Synovus Financial Corp now owns 4,791 shares of the semiconductor company's stock worth $295,000 after buying an additional 161 shares during the last quarter. Finally, Mutual Advisors LLC lifted its position in shares of Marvell Technology by 1.8% in the second quarter. Mutual Advisors LLC now owns 9,405 shares of the semiconductor company's stock worth $698,000 after buying an additional 163 shares during the last quarter. Institutional investors and hedge funds own 83.51% of the company's stock.

Insider Transactions at Marvell Technology

In other news, COO Chris Koopmans purchased 6,800 shares of the stock in a transaction that occurred on Thursday, September 25th. The shares were purchased at an average cost of $78.03 per share, for a total transaction of $530,604.00. Following the completion of the purchase, the chief operating officer directly owned 104,825 shares of the company's stock, valued at approximately $8,179,494.75. The trade was a 6.94% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Matthew J. Murphy purchased 13,600 shares of the stock in a transaction that occurred on Thursday, September 25th. The shares were purchased at an average price of $77.09 per share, for a total transaction of $1,048,424.00. Following the completion of the purchase, the chief executive officer directly owned 268,637 shares of the company's stock, valued at approximately $20,709,226.33. This trade represents a 5.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 27,200 shares of company stock valued at $2,109,632. 0.33% of the stock is currently owned by insiders.

Marvell Technology Trading Down 0.3%

Marvell Technology stock opened at $87.95 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.88. The business's 50-day simple moving average is $76.56 and its 200-day simple moving average is $69.76. The firm has a market capitalization of $75.82 billion, a PE ratio of -676.54, a PEG ratio of 1.07 and a beta of 1.94. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $127.48.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, hitting analysts' consensus estimates of $0.67. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The firm's revenue for the quarter was up 57.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Equities research analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology declared that its Board of Directors has initiated a stock repurchase plan 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 plans are usually a sign that the company's leadership 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. Investors of record on Friday, October 10th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, October 10th. Marvell Technology's payout ratio is currently -184.62%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Summit Redstone set a $105.00 price target on Marvell Technology in a research report on Wednesday. The Goldman Sachs Group assumed coverage on Marvell Technology in a research report on Thursday, July 10th. They issued a "neutral" rating and a $75.00 price target for the company. Barclays reaffirmed an "overweight" rating and issued a $80.00 price target on shares of Marvell Technology in a research report on Friday, August 29th. Rosenblatt Securities reduced their price target on Marvell Technology from $124.00 to $95.00 and set a "buy" rating for the company in a research report on Friday, August 29th. Finally, Roth Capital reaffirmed a "buy" rating on shares of Marvell Technology in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $93.06.

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.

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