DekaBank Deutsche Girozentrale Has $49.17 Million Stake in Marvell Technology, Inc. $MRVL

Key Points

• DekaBank Deutsche Girozentrale has increased its stake in Marvell Technology by 26.6%, holding 628,869 shares valued at approximately $49.17 million.
• Marvell Technology's Board of Directors initiated a $5 billion share repurchase plan, allowing the company to buy back 7.8% of its outstanding shares, indicating confidence in the stock's valuation.
• Insider transactions include COO Chris Koopmans and CEO Matthew J. Murphy purchasing shares, reflecting increasing confidence from company leadership in the stock's future performance.

DekaBank Deutsche Girozentrale grew its position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 26.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 628,869 shares of the semiconductor company's stock after buying an additional 132,038 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.07% of Marvell Technology worth $49,166,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in MRVL. Hughes Financial Services LLC acquired a new position in Marvell Technology during the first quarter valued at approximately $26,000. Rossby Financial LCC acquired a new stake in shares of Marvell Technology in the 1st quarter valued at $27,000. Financial Connections Group Inc. increased its stake in shares of Marvell Technology by 776.0% in the 1st quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company's stock valued at $27,000 after purchasing an additional 388 shares during the last quarter. Game Plan Financial Advisors LLC acquired a new position in shares of Marvell Technology during the 2nd quarter worth $27,000. Finally, Vision Financial Markets LLC acquired a new position in shares of Marvell Technology during the 1st quarter worth $28,000. Institutional investors own 83.51% of the company's stock.

Insider Buying and Selling

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

Marvell Technology Trading Down 1.8%

MRVL opened at $84.26 on Wednesday. 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 fifty-two week low of $47.08 and a fifty-two week high of $127.48. The company's 50 day moving average price is $76.86 and its two-hundred day moving average price is $70.12. The firm has a market capitalization of $72.64 billion, a price-to-earnings ratio of -648.15, a PEG ratio of 1.05 and a beta of 1.94.

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 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 company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the business earned $0.30 earnings per share. Marvell Technology'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. As a group, research analysts predict 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 share repurchase plan on Wednesday, September 24th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to purchase up to 7.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Marvell Technology Dividend Announcement

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

Analysts Set New Price Targets

Several analysts recently weighed in on MRVL shares. Deutsche Bank Aktiengesellschaft raised their price objective on Marvell Technology from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, September 25th. BNP Paribas upgraded shares of Marvell Technology to a "strong-buy" rating in a research note on Friday, August 29th. Wells Fargo & Company decreased their price target on shares of Marvell Technology from $95.00 to $90.00 and set an "overweight" rating on the stock in a report on Friday, August 29th. Bank of America reissued a "neutral" rating and issued a $78.00 price objective (down previously from $90.00) on shares of Marvell Technology in a research note on Friday, August 29th. Finally, Morgan Stanley cut their target price on shares of Marvell Technology from $80.00 to $76.00 and set an "equal weight" rating on the stock 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 thirteen have given a Hold rating to the company. According to data from MarketBeat.com, Marvell Technology currently has a consensus rating of "Moderate Buy" and a consensus price target of $93.06.

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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