Callan Family Office LLC Increases Stock Holdings in Marvell Technology, Inc. $MRVL

Key Points

• Callan Family Office LLC increased its holdings in Marvell Technology by 305.9% during the second quarter, owning a total of 15,726 shares valued at $1.2 million.
• Marvell Technology has announced a $5 billion share buyback program, allowing for the repurchase of up to 7.8% of its outstanding shares, indicating confidence in the stock's valuation.
• The company is set to pay a quarterly dividend of $0.06 on October 30th, with a dividend yield of 0.3%.

Callan Family Office LLC raised its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 305.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,726 shares of the semiconductor company's stock after purchasing an additional 11,852 shares during the quarter. Callan Family Office LLC's holdings in Marvell Technology were worth $1,217,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Marvell Technology by 1.9% during 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 purchasing an additional 1,212,338 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Marvell Technology by 32.3% during 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 purchasing an additional 5,050,159 shares in the last quarter. Brown Advisory Inc. grew its stake in Marvell Technology by 2.2% during 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 purchasing an additional 423,892 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Marvell Technology by 2.6% during the 1st quarter. Ameriprise Financial Inc. now owns 8,942,304 shares of the semiconductor company's stock valued at $562,991,000 after purchasing an additional 227,555 shares in the last quarter. Finally, Pictet Asset Management Holding SA grew its stake in Marvell Technology by 6.7% during 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 purchasing an additional 488,610 shares in the last quarter. Institutional investors and hedge funds own 83.51% of the company's stock.

Insiders Place Their Bets

In other Marvell Technology news, CFO Willem A. Meintjes bought 3,400 shares of the business's stock in a transaction on 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 purchase, the chief financial officer directly owned 132,159 shares of the company's stock, valued at approximately $10,312,366.77. The trade was a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Matthew J. Murphy purchased 13,600 shares of Marvell Technology stock in a transaction on Thursday, September 25th. The shares were acquired at an average price of $77.09 per share, with a total value of $1,048,424.00. Following the transaction, the chief executive officer directly owned 268,637 shares in the company, valued at $20,709,226.33. This trade represents a 5.33% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 27,200 shares of company stock worth $2,109,632. 0.19% of the stock is currently owned by insiders.

Marvell Technology Trading Down 5.6%

Shares of NASDAQ MRVL opened at $85.61 on Monday. The company has a market cap of $73.80 billion, a price-to-earnings ratio of -658.54, a price-to-earnings-growth ratio of 1.05 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 company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The stock's 50 day simple moving average is $75.38 and its 200 day simple moving average is $68.82.

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

Marvell Technology announced that its board has approved a share buyback program on Wednesday, September 24th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to reacquire up to 7.8% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its shares are undervalued.

Marvell Technology Announces Dividend

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 issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. Marvell Technology's dividend payout ratio (DPR) is -184.62%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MRVL. Morgan Stanley lowered their price objective on Marvell Technology from $80.00 to $76.00 and set an "equal weight" rating for the company in a research note on Friday, August 29th. The Goldman Sachs Group began coverage on Marvell Technology in a research report on Thursday, July 10th. They issued a "neutral" rating and a $75.00 target price for the company. BNP Paribas upgraded Marvell Technology to a "strong-buy" rating in a research report on Friday, August 29th. Wall Street Zen upgraded Marvell Technology from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Finally, Melius Research lifted their target price on Marvell Technology from $67.00 to $76.00 and gave the stock a "hold" rating in a research report on Wednesday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $92.33.

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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