Marvell Technology, Inc. $MRVL Position Increased by Lbp Am Sa

Key Points

• Lbp Am Sa increased its holdings in Marvell Technology by 74.9% in Q2, owning approximately 0.07% of the company worth $43.5 million after acquiring an additional 240,675 shares.
• Several institutional investors, including Goldman Sachs and Impax Asset Management, significantly boosted their stakes, with 83.51% of the stock now owned by institutional investors and hedge funds.
• Marvell Technology recently announced a $5 billion share repurchase program and declared a quarterly dividend of $0.06 per share, reflecting the company's confident outlook on its stock value.

Lbp Am Sa lifted its holdings in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 74.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 562,205 shares of the semiconductor company's stock after buying an additional 240,675 shares during the quarter. Lbp Am Sa owned approximately 0.07% of Marvell Technology worth $43,515,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nuveen LLC bought a new stake in shares of Marvell Technology during the 1st quarter valued at about $399,587,000. Goldman Sachs Group Inc. boosted its stake 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 valued at $1,272,117,000 after acquiring an additional 5,050,159 shares during the period. Impax Asset Management Group plc boosted its stake in Marvell Technology by 748.3% in the first quarter. Impax Asset Management Group plc now owns 3,700,841 shares of the semiconductor company's stock valued at $227,033,000 after acquiring an additional 3,264,557 shares during the period. AQR Capital Management LLC grew its holdings in shares of Marvell Technology by 662.9% during the first quarter. AQR Capital Management LLC now owns 3,119,855 shares of the semiconductor company's stock valued at $187,566,000 after purchasing an additional 2,710,894 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of Marvell Technology by 8,128.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,460,851 shares of the semiconductor company's stock worth $151,515,000 after purchasing an additional 2,430,945 shares during the period. 83.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Willem A. Meintjes acquired 3,400 shares of the business's stock in a transaction dated Thursday, September 25th. The stock was acquired at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the completion of the acquisition, the chief financial officer directly owned 132,159 shares in the company, valued at $10,312,366.77. This represents a 2.64% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, EVP Mark Casper sold 3,000 shares of the firm's stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $72.35, for a total value of $217,050.00. Following the transaction, the executive vice president directly owned 17,163 shares of the company's stock, valued at $1,241,743.05. This represents a 14.88% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 27,200 shares of company stock worth $2,109,632. 0.33% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Morgan Stanley cut their price target on Marvell Technology from $80.00 to $76.00 and set an "equal weight" rating on the stock in a report on Friday, August 29th. Wall Street Zen upgraded Marvell Technology from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Benchmark reissued a "buy" rating and set a $95.00 price target on shares of Marvell Technology in a report on Friday, August 29th. Jefferies Financial Group lowered their price target on shares of Marvell Technology from $90.00 to $80.00 and set a "buy" rating for the company in a research report on Friday, August 29th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective 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. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Marvell Technology presently has a consensus rating of "Moderate Buy" and an average target price of $91.17.

Marvell Technology Stock Up 2.0%

MRVL stock opened at $84.08 on Wednesday. The firm's 50-day moving average is $73.57 and its two-hundred day moving average is $67.81. The company has a market capitalization of $72.48 billion, a price-to-earnings ratio of -646.75, a price-to-earnings-growth ratio of 1.01 and a beta of 1.85. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $127.48. 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 (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, 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 business had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same period last year, the firm posted $0.30 earnings per share. The business'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. On average, analysts forecast 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 share repurchase program on Wednesday, September 24th that allows the company to repurchase $5.00 billion in outstanding 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 of directors believes its shares are undervalued.

Marvell Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders 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 annualized dividend and a dividend yield of 0.3%. Marvell Technology's dividend payout ratio (DPR) is -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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