Country Club Bank Makes New $4.97 Million Investment in Marvell Technology, Inc. $MRVL

Key Points

• Country Club Bank has made a new investment of $4.97 million in Marvell Technology, acquiring 64,363 shares during the second quarter.
• Marvell Technology is seeing significant institutional interest, with 83.51% of its stock owned by institutional investors, including Vanguard and Goldman Sachs, who have increased their stakes recently.
• The company recently announced a $5 billion share repurchase program, indicating confidence in its stock value and potential for future growth.

Country Club Bank purchased a new stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 64,363 shares of the semiconductor company's stock, valued at approximately $4,966,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Marvell Technology by 1.9% during the first quarter. Vanguard Group Inc. now owns 63,770,122 shares of the semiconductor company's stock valued at $3,926,326,000 after acquiring an additional 1,212,338 shares in the last quarter. Goldman Sachs Group Inc. boosted 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 during the last quarter. Brown Advisory Inc. boosted 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 during the last quarter. Ameriprise Financial Inc. increased 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 worth $562,991,000 after purchasing an additional 227,555 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its stake in shares of Marvell Technology by 6.7% in the first quarter. Pictet Asset Management Holding SA now owns 7,776,196 shares of the semiconductor company's stock worth $478,794,000 after purchasing an additional 488,610 shares during the last quarter. Institutional investors own 83.51% of the company's stock.

Wall Street Analysts Forecast Growth

MRVL has been the topic of a number of research analyst reports. Benchmark reaffirmed a "buy" rating and set a $95.00 price objective on shares of Marvell Technology in a research report on Friday, August 29th. Rosenblatt Securities lowered their target price on shares of Marvell Technology from $124.00 to $95.00 and set a "buy" rating on the stock in a research note on Friday, August 29th. Morgan Stanley reduced their price target on shares of 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. TD Cowen restated a "hold" rating and set a $85.00 price objective (down previously from $90.00) on shares of Marvell Technology in a research report on Wednesday, October 1st. Finally, Bank of America restated a "neutral" rating and issued a $78.00 target price (down previously from $90.00) on shares of Marvell Technology in a report on Friday, August 29th. Two equities 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 company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $91.67.

Marvell Technology Stock Performance

Shares of NASDAQ MRVL opened at $88.92 on Tuesday. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $127.48. The firm has a market capitalization of $76.66 billion, a price-to-earnings ratio of -684.00, a price-to-earnings-growth ratio of 1.06 and a beta of 1.94. 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 firm has a 50 day moving average of $74.53 and a 200 day moving average of $68.26.

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

Marvell Technology Dividend Announcement

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

Marvell Technology declared that its board has authorized a share repurchase program 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 programs are typically an indication that the company's leadership believes its stock is undervalued.

Insider Buying and Selling at Marvell Technology

In other news, CEO Matthew J. Murphy bought 13,600 shares of the stock in a transaction that occurred on Thursday, September 25th. The shares were bought at an average price of $77.09 per share, for a total transaction of $1,048,424.00. Following the purchase, the chief executive officer owned 268,637 shares in the company, valued at $20,709,226.33. This represents a 5.33% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, COO Chris Koopmans bought 6,800 shares of the company's stock in a transaction that occurred on Thursday, September 25th. The stock was purchased at an average cost of $78.03 per share, with a total value of $530,604.00. Following the acquisition, the chief operating officer directly owned 104,825 shares in the company, valued at $8,179,494.75. This trade represents a 6.94% increase in their position. 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 company insiders.

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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