Global X Japan Co. Ltd. Acquires 13,970 Shares of Marvell Technology, Inc. $MRVL

Key Points

• Global X Japan Co. Ltd. increased its holdings in Marvell Technology by 39.1%, now owning 49,687 shares valued at approximately $3.85 million.
• Several large investors, including Goldman Sachs and Impulse Asset Management, significantly boosted their positions in Marvell Technology during the first quarter, reflecting a growing institutional interest.
• Marvell reported a quarterly earnings per share of $0.67, matching analysts' expectations, with a year-over-year revenue increase of 57.6%.

Global X Japan Co. Ltd. boosted its holdings in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 39.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,687 shares of the semiconductor company's stock after buying an additional 13,970 shares during the period. Global X Japan Co. Ltd.'s holdings in Marvell Technology were worth $3,846,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of MRVL. Harbor Capital Advisors Inc. increased its stake in Marvell Technology by 0.8% in the second quarter. Harbor Capital Advisors Inc. now owns 19,945 shares of the semiconductor company's stock valued at $1,544,000 after purchasing an additional 151 shares in the last quarter. Synovus Financial Corp increased its stake in Marvell Technology by 3.5% in the first quarter. Synovus Financial Corp now owns 4,791 shares of the semiconductor company's stock valued at $295,000 after purchasing an additional 161 shares in the last quarter. Virtue Capital Management LLC increased its position in shares of Marvell Technology by 2.1% during the fourth quarter. Virtue Capital Management LLC now owns 7,752 shares of the semiconductor company's stock worth $856,000 after acquiring an additional 163 shares in the last quarter. Moody National Bank Trust Division increased its position in shares of Marvell Technology by 1.1% during the second quarter. Moody National Bank Trust Division now owns 16,178 shares of the semiconductor company's stock worth $1,252,000 after acquiring an additional 182 shares in the last quarter. Finally, Garde Capital Inc. increased its position in shares of Marvell Technology by 29.3% during the second quarter. Garde Capital Inc. now owns 817 shares of the semiconductor company's stock worth $63,000 after acquiring an additional 185 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Mark Casper sold 3,000 shares of the firm's stock in a transaction dated Friday, July 18th. The shares were 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 approximately $1,241,743.05. This trade represents a 14.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.33% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on MRVL shares. Susquehanna lowered their price objective on shares of Marvell Technology from $110.00 to $90.00 and set a "positive" rating for the company in a research report on Tuesday, May 27th. Rosenblatt Securities lowered their price objective on shares of Marvell Technology from $124.00 to $95.00 and set a "buy" rating for the company in a research report on Friday, August 29th. Raymond James Financial reissued an "outperform" rating and set a $90.00 price objective (down previously from $110.00) on shares of Marvell Technology in a research report on Friday, May 30th. Piper Sandler reissued an "overweight" rating and set a $85.00 price objective (down previously from $95.00) on shares of Marvell Technology in a research report on Friday, May 30th. Finally, KeyCorp lowered their price objective on shares of Marvell Technology from $115.00 to $90.00 and set an "overweight" rating for the company in a research report on Friday, May 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $90.50.

Marvell Technology Stock Performance

Shares of NASDAQ MRVL traded up $0.30 during mid-day trading on Tuesday, reaching $75.83. 8,548,747 shares of the company were exchanged, compared to its average volume of 19,195,682. The company's 50-day simple moving average is $72.51 and its 200-day simple moving average is $67.25. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $65.37 billion, a P/E ratio of -583.53, a P/E/G ratio of 0.90 and a beta of 1.85. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve month high of $127.48.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.67. The company had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2.01 billion. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. Marvell Technology's quarterly revenue was up 57.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 EPS. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Investors 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 yield of 0.3%. The ex-dividend date of this dividend is Friday, October 10th. 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.