ASR Vermogensbeheer N.V. Grows Stake in Marvell Technology, Inc. $MRVL

Key Points

• ASR Vermogensbeheer N.V. has increased its stake in Marvell Technology, Inc. by 18.6%, acquiring a total of 91,214 shares valued at approximately $7.06 million.
• Institutional ownership of Marvell Technology now stands at 83.51%, with notable investments from firms such as Nuveen LLC and Goldman Sachs Group Inc., which significantly boosted their positions.
• Marvell's board approved a $5 billion stock buyback plan, signaling confidence that the stock is undervalued, alongside a planned quarterly dividend of $0.06 per share.

ASR Vermogensbeheer N.V. boosted its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 18.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 91,214 shares of the semiconductor company's stock after acquiring an additional 14,294 shares during the quarter. ASR Vermogensbeheer N.V.'s holdings in Marvell Technology were worth $7,060,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Nuveen LLC bought a new position in shares of Marvell Technology during the 1st quarter valued at approximately $399,587,000. Goldman Sachs Group Inc. boosted its stake in Marvell Technology by 32.3% during the first quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company's stock worth $1,272,117,000 after buying an additional 5,050,159 shares during the period. Impax Asset Management Group plc increased its position in Marvell Technology by 748.3% during the first quarter. Impax Asset Management Group plc now owns 3,700,841 shares of the semiconductor company's stock valued at $227,033,000 after acquiring an additional 3,264,557 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Marvell Technology by 662.9% in the first quarter. AQR Capital Management LLC now owns 3,119,855 shares of the semiconductor company's stock valued at $187,566,000 after acquiring an additional 2,710,894 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Marvell Technology by 8,128.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 2,460,851 shares of the semiconductor company's stock worth $151,515,000 after acquiring an additional 2,430,945 shares during the last quarter. 83.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MRVL has been the topic of a number of recent analyst reports. Evercore ISI reduced their price objective on shares of Marvell Technology from $133.00 to $122.00 and set an "outperform" rating on the stock in a research report on Friday, August 29th. Deutsche Bank Aktiengesellschaft upped their target price on Marvell Technology from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, September 25th. Oppenheimer reissued an "outperform" rating and set a $95.00 price target on shares of Marvell Technology in a research note on Friday, August 29th. B. Riley reaffirmed a "buy" rating and issued a $115.00 price objective (up previously from $110.00) on shares of Marvell Technology in a research report on Wednesday, June 18th. Finally, Benchmark reiterated a "buy" rating and issued a $95.00 target price on shares of Marvell Technology in a research note on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, Marvell Technology presently has an average rating of "Moderate Buy" and a consensus price target of $91.67.

Insider Activity at Marvell Technology

In related news, CFO Willem A. Meintjes acquired 3,400 shares of the firm's stock in a transaction that occurred on Thursday, September 25th. The stock was purchased at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the purchase, the chief financial officer directly owned 132,159 shares of the company's stock, valued at $10,312,366.77. This trade represents a 2.64% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Sandeep Bharathi acquired 3,400 shares of the company's stock in a transaction that occurred on Thursday, September 25th. The shares were bought at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the transaction, the insider owned 73,392 shares of the company's stock, 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 bought 27,200 shares of company stock valued at $2,109,632 over the last 90 days. Insiders own 0.19% of the company's stock.

Marvell Technology Stock Up 2.8%

NASDAQ:MRVL opened at $86.20 on Friday. 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, Inc. has a 1-year low of $47.08 and a 1-year high of $127.48. The company has a 50-day moving average of $74.03 and a 200 day moving average of $68.03. The firm has a market cap of $74.31 billion, a PE ratio of -663.08, a price-to-earnings-growth ratio of 1.03 and a beta of 1.94.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 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 for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the firm posted $0.30 EPS. The company's revenue for the quarter was up 57.6% on a year-over-year basis. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, research analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Friday, October 10th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. Marvell Technology's payout ratio is -184.62%.

Marvell Technology announced that its board has approved a stock buyback plan on Wednesday, September 24th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the semiconductor company to purchase up to 7.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its stock is 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.

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