L. Roy Papp & Associates LLP Raises Stake in Marvell Technology, Inc. $MRVL

Key Points

• L. Roy Papp & Associates LLP increased its stake in Marvell Technology by 8.5%, owning almost 120,000 shares valued at approximately $9.3 million, which makes up about 1.1% of its portfolio.
• Several institutional investors have notably boosted their holdings in Marvell Technology, with Ulland Investment Advisors increasing by 150% and IFP Advisors increasing by over 200% during the second quarter.
• Marvell Technology announced a $5 billion stock repurchase program, indicating confidence in its market position, despite a reported negative net margin of 1.43% during its latest earnings quarter.

L. Roy Papp & Associates LLP boosted its position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 8.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,906 shares of the semiconductor company's stock after buying an additional 9,431 shares during the quarter. Marvell Technology makes up approximately 1.1% of L. Roy Papp & Associates LLP's portfolio, making the stock its 26th biggest position. L. Roy Papp & Associates LLP's holdings in Marvell Technology were worth $9,281,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Ulland Investment Advisors LLC boosted its stake in Marvell Technology by 150.0% in the second quarter. Ulland Investment Advisors LLC now owns 1,000 shares of the semiconductor company's stock worth $77,000 after buying an additional 600 shares in the last quarter. IFP Advisors Inc boosted its stake in Marvell Technology by 204.4% in the second quarter. IFP Advisors Inc now owns 22,434 shares of the semiconductor company's stock worth $1,736,000 after buying an additional 15,064 shares in the last quarter. Financial Security Advisor Inc. bought a new position in shares of Marvell Technology in the second quarter worth approximately $250,000. Callan Family Office LLC grew its holdings in shares of Marvell Technology by 305.9% in the second quarter. Callan Family Office LLC now owns 15,726 shares of the semiconductor company's stock worth $1,217,000 after purchasing an additional 11,852 shares during the last quarter. Finally, Blair William & Co. IL grew its holdings in shares of Marvell Technology by 0.5% in the second quarter. Blair William & Co. IL now owns 605,579 shares of the semiconductor company's stock worth $46,872,000 after purchasing an additional 2,872 shares during the last quarter. Hedge funds and other institutional investors own 83.51% of the company's stock.

Insider Transactions at Marvell Technology

In other news, insider Sandeep Bharathi bought 3,400 shares of the company's stock in a transaction dated 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 completion of the purchase, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew J. Murphy bought 13,600 shares of the company's stock in a transaction dated Thursday, September 25th. The stock was purchased at an average price of $77.09 per share, for a total transaction of $1,048,424.00. Following the purchase, the chief executive officer owned 268,637 shares of the company's stock, valued at approximately $20,709,226.33. This represents a 5.33% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 27,200 shares of company stock valued at $2,109,632. 0.19% of the stock is currently owned by insiders.

Analysts Set New Price Targets

MRVL has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Marvell Technology from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Marvell Technology from $80.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, September 25th. JPMorgan Chase & Co. dropped their price target on Marvell Technology from $130.00 to $120.00 and set an "overweight" rating for the company in a research note on Friday, August 29th. Zacks Research raised Marvell Technology from a "strong sell" rating to a "hold" rating in a research note on Wednesday, September 24th. Finally, Wells Fargo & Company dropped their price target on Marvell Technology from $95.00 to $90.00 and set an "overweight" rating for the company in a research note on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $91.67.

Marvell Technology Price Performance

MRVL opened at $90.68 on Friday. The stock has a fifty day simple moving average of $75.16 and a two-hundred day simple moving average of $68.68. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The company has a market cap of $78.18 billion, a price-to-earnings ratio of -697.54, a price-to-earnings-growth ratio of 1.13 and a beta of 1.94. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month 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 (EPS) for the quarter, hitting analysts' consensus estimates of $0.67. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The firm's quarterly revenue was up 57.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Research analysts predict 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 stock repurchase program on Wednesday, September 24th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the semiconductor company to purchase up to 7.8% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its shares are undervalued.

Marvell Technology Dividend Announcement

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. 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 dividend payout ratio is -184.62%.

Marvell Technology Company 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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