International Assets Investment Management LLC Has $2.15 Million Position in Marvell Technology, Inc. $MRVL

Key Points

• International Assets Investment Management LLC increased its stake in Marvell Technology by 194.7% during the 2nd quarter, now holding shares valued at $2.15 million.
• CEO Matthew J. Murphy and CFO Willem A. Meintjes both acquired additional shares in Marvell Technology, indicating insider confidence in the company's prospects.
• Marvell Technology's Board of Directors announced a share buyback program of up to $5 billion, suggesting they believe the stock is currently undervalued.

International Assets Investment Management LLC increased its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 194.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,736 shares of the semiconductor company's stock after purchasing an additional 18,324 shares during the period. International Assets Investment Management LLC's holdings in Marvell Technology were worth $2,147,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Retirement Planning Group LLC NY increased its stake in Marvell Technology by 4.0% during the 2nd quarter. Retirement Planning Group LLC NY now owns 3,722 shares of the semiconductor company's stock worth $288,000 after acquiring an additional 142 shares during the period. Harbor Capital Advisors Inc. increased its stake in Marvell Technology by 0.8% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 19,945 shares of the semiconductor company's stock worth $1,544,000 after acquiring an additional 151 shares during the period. CHICAGO TRUST Co NA increased its stake in Marvell Technology by 3.5% during the 2nd quarter. CHICAGO TRUST Co NA now owns 4,703 shares of the semiconductor company's stock worth $364,000 after acquiring an additional 158 shares during the period. Synovus Financial Corp increased its stake in Marvell Technology by 3.5% during the 1st quarter. Synovus Financial Corp now owns 4,791 shares of the semiconductor company's stock worth $295,000 after acquiring an additional 161 shares during the period. Finally, Mutual Advisors LLC increased its stake in Marvell Technology by 1.8% during the 2nd quarter. Mutual Advisors LLC now owns 9,405 shares of the semiconductor company's stock worth $698,000 after acquiring an additional 163 shares during the period. 83.51% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Marvell Technology

In other news, CEO Matthew J. Murphy acquired 13,600 shares of Marvell Technology stock in a transaction that occurred on Thursday, September 25th. The shares were acquired at an average price of $77.09 per share, for a total transaction of $1,048,424.00. Following the transaction, the chief executive officer directly owned 268,637 shares of the company's stock, valued at approximately $20,709,226.33. The trade was a 5.33% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Willem A. Meintjes acquired 3,400 shares of Marvell Technology stock in a transaction that occurred on Thursday, September 25th. The shares were purchased at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the transaction, the chief financial officer directly owned 132,159 shares in the company, valued at $10,312,366.77. The trade was a 2.64% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 27,200 shares of company stock worth $2,109,632. 0.19% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MRVL shares. JPMorgan Chase & Co. lowered their price objective on Marvell Technology from $130.00 to $120.00 and set an "overweight" rating on the stock in a research note on Friday, August 29th. UBS Group raised their price objective on Marvell Technology from $95.00 to $105.00 and gave the stock a "buy" rating in a research note on Monday, October 13th. Bank of America restated a "neutral" rating and set a $78.00 price objective (down previously from $90.00) on shares of Marvell Technology in a research note on Friday, August 29th. Wells Fargo & Company lowered their price objective on Marvell Technology from $95.00 to $90.00 and set an "overweight" rating on the stock in a research note on Friday, August 29th. Finally, Benchmark reiterated a "buy" rating and issued a $95.00 price target on shares of Marvell Technology in a research note on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and twelve have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $93.06.

Marvell Technology Trading Down 0.3%

Shares of MRVL opened at $87.95 on Friday. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $127.48. The business's fifty day moving average is $76.56 and its 200-day moving average is $69.67. 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 firm has a market cap of $75.82 billion, a price-to-earnings ratio of -676.54, a PEG ratio of 1.07 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 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.67. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The company's revenue for the quarter 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. Equities analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology announced that its Board of Directors has authorized a share repurchase program on Wednesday, September 24th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to reacquire up to 7.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its stock is 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 dividend of $0.06 per share. The ex-dividend date is Friday, October 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. Marvell Technology's payout ratio 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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