Marvell Technology, Inc. $MRVL is Hartline Investment Corp's 7th Largest Position

Key Points

• Hartline Investment Corp increased its holdings in Marvell Technology by 8.9% during the second quarter, making it the firm's 7th largest position, valued at approximately $31.67 million.
• Several other investment firms, including Vanguard and Goldman Sachs, also boosted their positions in Marvell Technology, contributing to institutional investors owning 83.51% of the company's stock.
• Marvell Technology announced a $5 billion stock buyback program, indicating that its board believes the stock is undervalued, alongside a quarterly dividend of $0.06 per share to be paid by the end of October.

Hartline Investment Corp raised its holdings in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 8.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 409,121 shares of the semiconductor company's stock after buying an additional 33,404 shares during the period. Marvell Technology makes up approximately 3.6% of Hartline Investment Corp's portfolio, making the stock its 7th largest position. Hartline Investment Corp's holdings in Marvell Technology were worth $31,666,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Marvell Technology by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 63,770,122 shares of the semiconductor company's stock valued at $3,926,326,000 after buying an additional 1,212,338 shares during the period. Goldman Sachs Group Inc. boosted its position in Marvell Technology by 32.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company's stock valued at $1,272,117,000 after buying an additional 5,050,159 shares during the period. Brown Advisory Inc. boosted its position in Marvell Technology by 2.2% in the 1st quarter. Brown Advisory Inc. now owns 19,300,527 shares of the semiconductor company's stock valued at $1,188,333,000 after buying an additional 423,892 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Marvell Technology by 2.6% in the 1st quarter. Ameriprise Financial Inc. now owns 8,942,304 shares of the semiconductor company's stock valued at $562,991,000 after purchasing an additional 227,555 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its holdings in shares of Marvell Technology by 6.7% in the 1st quarter. Pictet Asset Management Holding SA now owns 7,776,196 shares of the semiconductor company's stock valued at $478,794,000 after purchasing an additional 488,610 shares in the last quarter. Hedge funds and other institutional investors own 83.51% of the company's stock.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, CFO Willem A. Meintjes acquired 3,400 shares of the stock in a transaction on Thursday, September 25th. The shares were bought at an average cost of $78.03 per share, with a total value of $265,302.00. Following the transaction, the chief financial officer owned 132,159 shares of the company's stock, valued at approximately $10,312,366.77. This trade represents a 2.64% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Matthew J. Murphy acquired 13,600 shares of the stock in a transaction on Thursday, September 25th. The shares were acquired at an average cost of $77.09 per share, for a total transaction of $1,048,424.00. Following the completion of the transaction, the chief executive officer directly owned 268,637 shares in the company, valued at $20,709,226.33. The trade was a 5.33% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 27,200 shares of company stock valued at $2,109,632. Company insiders own 0.19% of the company's stock.

Marvell Technology Price Performance

Shares of NASDAQ:MRVL opened at $87.95 on Friday. The company's fifty day moving average price is $76.56 and its 200 day moving average price is $69.62. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month high of $127.48. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44. The firm has a market capitalization of $75.82 billion, a P/E ratio of -676.54, a P/E/G ratio of 1.08 and a beta of 1.94.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, hitting 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 analyst estimates of $2.01 billion. During the same period last year, the business earned $0.30 EPS. Marvell Technology's revenue for the quarter 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. As a group, sell-side analysts predict that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology declared that its Board of Directors has initiated a stock buyback program on Wednesday, September 24th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to repurchase up to 7.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.

Marvell Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders 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 (DPR) is presently -184.62%.

Wall Street Analyst Weigh In

MRVL has been the topic of a number of analyst reports. Roth Capital restated a "buy" rating on shares of Marvell Technology in a report on Wednesday. TD Cowen restated a "hold" rating and issued a $85.00 price objective (down from $90.00) on shares of Marvell Technology in a report on Wednesday, October 1st. Benchmark restated a "buy" rating and issued a $95.00 price objective on shares of Marvell Technology in a report on Friday, August 29th. Weiss Ratings restated a "hold (c-)" rating on shares of Marvell Technology in a report on Wednesday, October 8th. Finally, Cantor Fitzgerald restated a "neutral" rating and issued a $75.00 price objective on shares of Marvell Technology in a report 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $93.06.

About Marvell Technology

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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