LGT Fund Management Co Ltd. Takes Position in Marvell Technology, Inc. $MRVL

Key Points

• LGT Fund Management Co Ltd. has acquired a new stake in Marvell Technology, Inc. by purchasing 4,475 shares worth approximately $346,000.
• Insider purchases of Marvell Technology stock, including CFO Willem A. Meintjes, indicate **growing confidence**, with insiders acquiring over 27,200 shares worth about $2.1 million in the last ninety days.
• Marvell Technology's board has authorized a **$5 billion stock repurchase program**, signaling belief that the stock is undervalued and aiming to buy back up to 7.8% of its shares.

LGT Fund Management Co Ltd. acquired a new stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,475 shares of the semiconductor company's stock, valued at approximately $346,000.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Marvell Technology by 1.9% in the first quarter. Vanguard Group Inc. now owns 63,770,122 shares of the semiconductor company's stock worth $3,926,326,000 after purchasing an additional 1,212,338 shares during the period. Goldman Sachs Group Inc. lifted its position in Marvell Technology by 32.3% in the first quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company's stock worth $1,272,117,000 after purchasing an additional 5,050,159 shares during the period. Brown Advisory Inc. lifted its position in Marvell Technology by 2.2% in the first quarter. Brown Advisory Inc. now owns 19,300,527 shares of the semiconductor company's stock worth $1,188,333,000 after purchasing an additional 423,892 shares during the period. Ameriprise Financial Inc. lifted its position in Marvell Technology by 2.6% in the first quarter. Ameriprise Financial Inc. now owns 8,942,304 shares of the semiconductor company's stock worth $562,991,000 after purchasing an additional 227,555 shares during the period. Finally, Pictet Asset Management Holding SA lifted its position in Marvell Technology by 6.7% in the first quarter. Pictet Asset Management Holding SA now owns 7,776,196 shares of the semiconductor company's stock worth $478,794,000 after purchasing an additional 488,610 shares during the period. 83.51% of the stock is owned by institutional investors.

Insider Buying and Selling at Marvell Technology

In other news, CFO Willem A. Meintjes acquired 3,400 shares of Marvell Technology stock in a transaction that occurred on Thursday, September 25th. The shares were acquired at an average price of $78.03 per share, with a total value of $265,302.00. Following the purchase, the chief financial officer directly owned 132,159 shares of the company's stock, valued at $10,312,366.77. The trade was a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sandeep Bharathi acquired 3,400 shares of Marvell Technology stock in a transaction that occurred on Thursday, September 25th. The shares were purchased at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the purchase, the insider directly owned 73,392 shares in the company, valued at $5,726,777.76. The trade was a 4.86% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 27,200 shares of company stock worth $2,109,632 over the last ninety days. 0.19% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MRVL. Melius Research raised their target price on Marvell Technology from $67.00 to $76.00 and gave the stock a "hold" rating in a research report on Wednesday, June 18th. Rosenblatt Securities reduced their target price on Marvell Technology from $124.00 to $95.00 and set a "buy" rating for the company in a research report on Friday, August 29th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $75.00 target price on shares of Marvell Technology in a research report on Friday, August 29th. Cowen cut Marvell Technology from a "buy" rating to a "hold" rating in a report on Tuesday. Finally, TD Cowen reissued a "hold" rating and set a $85.00 price objective (down from $90.00) on shares of Marvell Technology in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $91.67.

Marvell Technology Stock Performance

Marvell Technology stock opened at $86.22 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48. The company has a market cap of $74.33 billion, a PE ratio of -663.23, a PEG ratio of 1.06 and a beta of 1.94. The company's 50-day moving average is $74.27 and its two-hundred day moving average is $68.15.

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

Marvell Technology declared that its board has authorized a stock 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 shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are 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 paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $0.24 annualized dividend and a yield of 0.3%. Marvell Technology's dividend payout ratio (DPR) is presently -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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