FengHe Fund Management Pte. Ltd. Invests $52.21 Million in Marvell Technology, Inc. $MRVL

Key Points

• FengHe Fund Management Pte. Ltd. has made a significant investment of approximately $52.21 million in Marvell Technology, acquiring 674,500 shares, which represent 8.6% of its total holdings.
• Marvell Technology announced a $5 billion share repurchase program, indicating management's belief that the shares are undervalued and signaling confidence in the company’s future prospects.
• Recent earnings reports show Marvell achieved a 57.6% increase in quarterly revenue year-over-year, with an EPS of $0.67, matching analysts' expectations.

FengHe Fund Management Pte. Ltd. purchased a new position 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 674,500 shares of the semiconductor company's stock, valued at approximately $52,206,000. Marvell Technology accounts for 8.6% of FengHe Fund Management Pte. Ltd.'s holdings, making the stock its 4th largest position. FengHe Fund Management Pte. Ltd. owned about 0.08% of Marvell Technology as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Hughes Financial Services LLC purchased a new position in Marvell Technology in the 1st quarter valued at approximately $26,000. Rossby Financial LCC purchased a new position in Marvell Technology in the first quarter valued at $27,000. Financial Connections Group Inc. boosted its holdings in Marvell Technology by 776.0% in the first 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 period. Vision Financial Markets LLC purchased a new position in Marvell Technology in the first quarter valued at $28,000. Finally, Security National Bank purchased a new position in Marvell Technology in the first quarter valued at $31,000. Hedge funds and other institutional investors own 83.51% of the company's stock.

Insider Transactions at Marvell Technology

In other Marvell Technology news, insider Sandeep Bharathi purchased 3,400 shares of the business's stock in a transaction dated Thursday, September 25th. The shares were bought at an average price of $78.03 per share, with a total value of $265,302.00. Following the completion of the acquisition, the insider owned 73,392 shares in the company, valued at approximately $5,726,777.76. This represents a 4.86% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew J. Murphy bought 13,600 shares of the business's stock in a transaction on Thursday, September 25th. The shares were acquired at an average cost of $77.09 per share, for a total transaction of $1,048,424.00. Following the purchase, the chief executive officer directly 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 disclosure for this purchase can be found here. Insiders purchased a total of 27,200 shares of company stock worth $2,109,632 over the last 90 days. Corporate insiders own 0.19% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Barclays reaffirmed an "overweight" rating and set a $80.00 price objective on shares of Marvell Technology in a research report on Friday, August 29th. Rosenblatt Securities reduced their price objective on Marvell Technology from $124.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, August 29th. The Goldman Sachs Group began coverage on shares of Marvell Technology in a report on Thursday, July 10th. They set a "neutral" rating and a $75.00 price target for the company. Melius Research increased their price target on shares of Marvell Technology from $67.00 to $76.00 and gave the company a "hold" rating in a report on Wednesday, June 18th. Finally, Cantor Fitzgerald reissued a "neutral" rating and set a $75.00 price objective on shares of Marvell Technology in a research note on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $91.67.

Marvell Technology Stock Performance

Shares of MRVL stock opened at $83.89 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.88. Marvell Technology, Inc. has a one year low of $47.08 and a one year high of $127.48. The company's 50-day simple moving average is $73.78 and its 200-day simple moving average is $67.92. The stock has a market capitalization of $72.32 billion, a price-to-earnings ratio of -645.31, a PEG ratio of 1.03 and a beta of 1.94.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its 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 positive return on equity of 11.01% and a negative net margin of 1.43%.The company 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 business posted $0.30 EPS. Marvell Technology's quarterly 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. Equities analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

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

Marvell Technology Announces Dividend

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

Marvell Technology 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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