Marvell Technology, Inc. $MRVL Shares Bought by Asset Management One Co. Ltd.

Key Points

• Asset Management One Co. Ltd. increased its stake in Marvell Technology by 2.5%, owning a total of 353,083 shares worth approximately $27.3 million as of the latest SEC filing.
• Several analysts have revised their price targets for Marvell, resulting in a current average target of $93.06, with ratings ranging from "Strong Buy" to "Hold" based on recent reports.
• Marvell has initiated a stock repurchase program allowing for $5 billion in buybacks, indicating that the company's board believes its shares are currently undervalued.

Asset Management One Co. Ltd. lifted its stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 2.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 353,083 shares of the semiconductor company's stock after acquiring an additional 8,779 shares during the period. Asset Management One Co. Ltd.'s holdings in Marvell Technology were worth $27,329,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Lazard Freres Gestion S.A.S. bought a new stake in shares of Marvell Technology in the 2nd quarter worth approximately $267,000. R Squared Ltd acquired a new position in shares of Marvell Technology during the 2nd quarter worth $511,000. AlTi Global Inc. acquired a new position in shares of Marvell Technology during the 2nd quarter worth $285,000. 180 Wealth Advisors LLC boosted its holdings in Marvell Technology by 8.4% in the 2nd quarter. 180 Wealth Advisors LLC now owns 9,589 shares of the semiconductor company's stock valued at $742,000 after purchasing an additional 741 shares during the period. Finally, Smith Group Asset Management LLC lifted its holdings in shares of Marvell Technology by 2.2% during the 2nd quarter. Smith Group Asset Management LLC now owns 371,482 shares of the semiconductor company's stock worth $28,753,000 after acquiring an additional 8,001 shares during the period. 83.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. cut their price target on shares of Marvell Technology from $130.00 to $120.00 and set an "overweight" rating for the company in a report on Friday, August 29th. Jefferies Financial Group lowered their price objective 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. UBS Group lifted their price target on shares of Marvell Technology from $95.00 to $105.00 and gave the stock a "buy" rating in a research report on Monday, October 13th. Morgan Stanley lowered their price target on shares of Marvell Technology from $80.00 to $76.00 and set an "equal weight" rating for the company in a research report on Friday, August 29th. Finally, BNP Paribas upgraded shares of Marvell Technology to a "strong-buy" rating in a research report on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and thirteen have given a Hold rating to the company's stock. According to data from MarketBeat.com, Marvell Technology has an average rating of "Moderate Buy" and an average price target of $93.06.

Insider Activity at Marvell Technology

In other Marvell Technology news, CEO Matthew J. Murphy purchased 13,600 shares of the firm's stock in a transaction that occurred 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 purchase, the chief executive officer 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sandeep Bharathi acquired 3,400 shares of Marvell Technology stock in a transaction 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 completion of the purchase, the insider directly owned 73,392 shares of the company's stock, valued at approximately $5,726,777.76. This represents a 4.86% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 27,200 shares of company stock valued at $2,109,632 in the last ninety days. Company insiders own 0.19% of the company's stock.

Marvell Technology Stock Up 1.6%

Shares of NASDAQ MRVL opened at $84.13 on Friday. The stock has a market cap of $72.53 billion, a P/E ratio of -647.15, a P/E/G ratio of 1.01 and a beta of 1.94. The firm has a 50 day moving average price of $77.13 and a 200 day moving average price of $70.65. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.88. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $127.48.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share 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 firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous 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. Analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Friday, October 10th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, October 10th. Marvell Technology's payout ratio is currently -184.62%.

Marvell Technology declared that its board has initiated a stock repurchase program on Wednesday, September 24th that permits the company to buyback $5.00 billion in 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 generally an indication that the company's board believes its shares are undervalued.

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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