Generali Asset Management SPA SGR Buys 10,539 Shares of Marvell Technology, Inc. $MRVL

Key Points

• Generali Asset Management SPA SGR increased its holdings in Marvell Technology by 16.3%, acquiring an additional 10,539 shares in the second quarter, bringing its total shares to 75,186.
• Marvell Technology recently announced a $5 billion stock repurchase plan, indicating management's belief that the stock is undervalued.
• Wall Street analysts have generally positive outlooks for Marvell Technology, with price targets ranging from $76.00 to $115.00 and a consensus rating of "Moderate Buy."

Generali Asset Management SPA SGR grew its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 16.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 75,186 shares of the semiconductor company's stock after acquiring an additional 10,539 shares during the quarter. Generali Asset Management SPA SGR's holdings in Marvell Technology were worth $5,819,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Taylor Frigon Capital Management LLC increased its holdings in shares of Marvell Technology by 16.5% during the second quarter. Taylor Frigon Capital Management LLC now owns 33,605 shares of the semiconductor company's stock valued at $2,601,000 after acquiring an additional 4,748 shares in the last quarter. BOCHK Asset Management Ltd purchased a new stake in shares of Marvell Technology during the second quarter valued at $1,486,000. Westbourne Investments Inc. boosted its position in shares of Marvell Technology by 442.4% during the second quarter. Westbourne Investments Inc. now owns 21,695 shares of the semiconductor company's stock valued at $1,679,000 after buying an additional 17,695 shares during the last quarter. Family Legacy Financial Solutions LLC purchased a new stake in shares of Marvell Technology during the second quarter valued at $1,618,000. Finally, Siren L.L.C. boosted its position in shares of Marvell Technology by 636.2% during the first quarter. Siren L.L.C. now owns 36,808 shares of the semiconductor company's stock valued at $2,266,000 after buying an additional 31,808 shares during the last quarter. 83.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on MRVL. Oppenheimer increased their price objective on Marvell Technology from $95.00 to $115.00 and gave the company an "outperform" rating in a research report on Friday, October 10th. Summit Redstone set a $105.00 price objective on Marvell Technology in a research report on Wednesday. Melius Research increased their price objective on Marvell Technology from $67.00 to $76.00 and gave the company a "hold" rating in a research report on Wednesday, June 18th. Needham & Company LLC increased their price objective on Marvell Technology from $80.00 to $95.00 and gave the company a "buy" rating in a research report on Thursday, September 25th. Finally, Jefferies Financial Group dropped their target price on Marvell Technology from $90.00 to $80.00 and set a "buy" 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-two have assigned a Buy rating and twelve have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $93.06.

Insider Activity

In other news, EVP Mark Casper sold 3,000 shares of Marvell Technology stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $72.35, for a total transaction of $217,050.00. Following the transaction, the executive vice president directly owned 17,163 shares of the company's stock, valued at $1,241,743.05. The trade was a 14.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Matthew J. Murphy acquired 13,600 shares of the stock in a transaction dated Thursday, September 25th. The shares were bought at an average cost of $77.09 per share, for a total transaction of $1,048,424.00. Following the completion of the transaction, the chief executive officer owned 268,637 shares in the company, valued at approximately $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. Over the last quarter, insiders bought 27,200 shares of company stock worth $2,109,632. 0.19% of the stock is currently owned by corporate insiders.

Marvell Technology Trading Up 3.1%

Shares of NASDAQ:MRVL opened at $88.89 on Thursday. The stock has a market capitalization of $76.63 billion, a price-to-earnings ratio of -683.77, a PEG ratio of 1.05 and a beta of 1.94. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.88. The stock's 50-day simple moving average is $76.10 and its two-hundred day simple moving average is $69.26. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $127.48.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, meeting 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 firm had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $2.01 billion. During the same period in the previous year, the firm earned $0.30 EPS. The business's quarterly revenue was up 57.6% on a year-over-year basis. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

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 of this dividend is Friday, October 10th. Marvell Technology's payout ratio is presently -184.62%.

Marvell Technology announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, September 24th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to reacquire up to 7.8% of its shares through open market purchases. Shares buyback plans are often a sign that the company's management believes its shares are undervalued.

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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