Global X Japan Co. Ltd. Purchases 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. grew its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 39.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,687 shares of the semiconductor company's stock after buying an additional 13,970 shares during the quarter. Global X Japan Co. Ltd.'s holdings in Marvell Technology were worth $3,846,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of MRVL. Bank Pictet & Cie Europe AG increased its position in shares of Marvell Technology by 0.7% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 66,710 shares of the semiconductor company's stock valued at $7,368,000 after acquiring an additional 460 shares during the period. Waverly Advisors LLC purchased a new position in Marvell Technology during the 4th quarter valued at about $398,000. Focus Partners Advisor Solutions LLC raised its position in Marvell Technology by 11.3% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 5,318 shares of the semiconductor company's stock valued at $587,000 after purchasing an additional 540 shares during the last quarter. Cornerstone Advisory LLC purchased a new stake in Marvell Technology in the 4th quarter worth approximately $291,000. Finally, Vise Technologies Inc. grew its position in shares of Marvell Technology by 64.7% in the 4th quarter. Vise Technologies Inc. now owns 6,593 shares of the semiconductor company's stock worth $728,000 after buying an additional 2,590 shares during the last quarter. Institutional investors own 83.51% of the company's stock.

Marvell Technology Stock Performance

NASDAQ:MRVL traded up $1.27 during mid-day trading on Monday, hitting $75.53. 19,375,723 shares of the company traded hands, compared to its average volume of 19,254,180. The stock's fifty day moving average price is $72.45 and its 200-day moving average price is $67.22. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. Marvell Technology, Inc. has a one year low of $47.08 and a one year high of $127.48. The firm has a market cap of $65.11 billion, a price-to-earnings ratio of -581.00, a price-to-earnings-growth ratio of 0.90 and a beta of 1.85.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, meeting 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 firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period last year, the firm earned $0.30 EPS. The company's 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. Research analysts anticipate that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

The company also recently disclosed 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. This represents a $0.24 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, October 10th. Marvell Technology's payout ratio is presently -184.62%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MRVL shares. JPMorgan Chase & Co. decreased their target price on Marvell Technology from $130.00 to $120.00 and set an "overweight" rating for the company in a report on Friday, August 29th. Wells Fargo & Company decreased their price objective on shares of Marvell Technology from $95.00 to $90.00 and set an "overweight" rating for the company in a report on Friday, August 29th. Susquehanna reduced their price target on shares of Marvell Technology from $110.00 to $90.00 and set a "positive" rating on the stock in a research report on Tuesday, May 27th. TD Cowen increased their price target on shares of Marvell Technology from $60.00 to $70.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Finally, B. Riley reaffirmed a "buy" rating and set a $115.00 price objective (up from $110.00) on shares of Marvell Technology in a research report on Wednesday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $90.50.

Insiders Place Their Bets

In related news, EVP Mark Casper sold 3,000 shares of the company'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 in the company, valued at approximately $1,241,743.05. This represents a 14.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.33% of the stock is owned by company insiders.

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.