Blair William & Co. IL Has $46.87 Million Stock Holdings in Marvell Technology, Inc. $MRVL

Key Points

• Blair William & Co. IL has increased its stake in Marvell Technology, Inc. by 0.5%, now owning approximately $46.87 million worth of shares, totaling 605,579 shares.
• Marvell Technology announced a $5.00 billion share buyback plan, indicating confidence in the company's valuation, as well as a quarterly dividend of $0.06 per share.
• Analyst ratings for Marvell Technology include two Strong Buy ratings and a consensus price target of $91.67, despite recent fluctuations in target valuations.

Blair William & Co. IL raised its stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 0.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 605,579 shares of the semiconductor company's stock after purchasing an additional 2,872 shares during the period. Blair William & Co. IL owned approximately 0.07% of Marvell Technology worth $46,872,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MRVL. Harbor Capital Advisors Inc. raised its position in shares of Marvell Technology by 0.8% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 19,945 shares of the semiconductor company's stock valued at $1,544,000 after acquiring an additional 151 shares during the period. CHICAGO TRUST Co NA raised its holdings in 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 purchasing an additional 158 shares during the period. Synovus Financial Corp boosted its position in shares of Marvell Technology by 3.5% during the first quarter. Synovus Financial Corp now owns 4,791 shares of the semiconductor company's stock worth $295,000 after purchasing an additional 161 shares in the last quarter. PFG Investments LLC boosted its position in shares of Marvell Technology by 2.6% during the second quarter. PFG Investments LLC now owns 6,757 shares of the semiconductor company's stock worth $523,000 after purchasing an additional 174 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its holdings in shares of Marvell Technology by 1.6% in the 2nd quarter. V Square Quantitative Management LLC now owns 11,032 shares of the semiconductor company's stock valued at $854,000 after buying an additional 177 shares during the period. Institutional investors own 83.51% of the company's stock.

Insider Transactions at Marvell Technology

In other news, insider Sandeep Bharathi bought 3,400 shares of the firm's stock in a transaction that occurred on Thursday, September 25th. The stock was acquired at an average cost of $78.03 per share, with a total value of $265,302.00. Following the completion of the purchase, 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 acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Chris Koopmans purchased 6,800 shares of the company's stock in a transaction 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 transaction, the chief operating officer directly owned 104,825 shares of the company's stock, valued at approximately $8,179,494.75. This represents a 6.94% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 27,200 shares of company stock valued at $2,109,632. 0.19% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

MRVL has been the topic of several recent analyst reports. Barclays reiterated an "overweight" rating and set a $80.00 target price on shares of Marvell Technology in a report on Friday, August 29th. Cowen lowered Marvell Technology from a "buy" rating to a "hold" rating in a research report on Tuesday, September 30th. B. Riley restated a "buy" rating and set a $115.00 target price (up from $110.00) on shares of Marvell Technology in a report on Wednesday, June 18th. Bank of America reaffirmed a "neutral" rating and issued a $78.00 price target (down previously from $90.00) on shares of Marvell Technology in a research note on Friday, August 29th. Finally, Jefferies Financial Group lowered their price objective on shares of Marvell Technology from $90.00 to $80.00 and set a "buy" rating for the company in a research report on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, Marvell Technology currently has an average rating of "Moderate Buy" and a consensus price target of $91.67.

Marvell Technology Stock Performance

Shares of MRVL opened at $90.68 on Friday. The stock has a market capitalization of $78.18 billion, a price-to-earnings ratio of -697.54, a PEG ratio of 1.13 and a beta of 1.94. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month high of $127.48. The firm has a fifty day simple moving average of $75.16 and a 200 day simple moving average of $68.68. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30.

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

Marvell Technology announced that its Board of Directors has initiated a share buyback plan on Wednesday, September 24th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to purchase up to 7.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its shares are undervalued.

Marvell Technology Dividend Announcement

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

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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