Marvell Technology, Inc. $MRVL Shares Purchased by Generali Investments Towarzystwo Funduszy Inwestycyjnych

Key Points

• Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its stake in Marvell Technology by 32.5%, now holding 55,000 shares valued at approximately $4.26 million.
• Marvell Technology is set to initiate a $5 billion share buyback program aimed at repurchasing up to 7.8% of its shares.
• Despite recent earnings meeting analysts' expectations, Marvell's stock still has a price-to-earnings ratio of -636.69 and a market cap of $71.36 billion.

Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its stake in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 32.5% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 55,000 shares of the semiconductor company's stock after acquiring an additional 13,500 shares during the period. Marvell Technology comprises about 2.2% of Generali Investments Towarzystwo Funduszy Inwestycyjnych's holdings, making the stock its 12th biggest holding. Generali Investments Towarzystwo Funduszy Inwestycyjnych's holdings in Marvell Technology were worth $4,257,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of MRVL. Asset Management One Co. Ltd. boosted its holdings in Marvell Technology by 2.5% in the 2nd quarter. Asset Management One Co. Ltd. now owns 353,083 shares of the semiconductor company's stock worth $27,329,000 after buying an additional 8,779 shares during the last quarter. Lazard Freres Gestion S.A.S. purchased a new stake in shares of Marvell Technology during the second quarter worth approximately $267,000. R Squared Ltd acquired a new position in Marvell Technology in the 2nd quarter valued at $511,000. AlTi Global Inc. purchased a new position in Marvell Technology in the 2nd quarter valued at $285,000. Finally, 180 Wealth Advisors LLC boosted its stake in Marvell Technology by 8.4% during the 2nd quarter. 180 Wealth Advisors LLC now owns 9,589 shares of the semiconductor company's stock worth $742,000 after purchasing an additional 741 shares during the last quarter. Institutional investors and hedge funds own 83.51% of the company's stock.

Marvell Technology Stock Up 2.1%

NASDAQ:MRVL opened at $82.77 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. The stock's fifty day moving average is $76.97 and its two-hundred day moving average is $70.41. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $127.48. The stock has a market capitalization of $71.36 billion, a price-to-earnings ratio of -636.69, a price-to-earnings-growth ratio of 0.99 and a beta of 1.94.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last issued its quarterly earnings data 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 positive return on equity of 11.01% and a negative net margin of 1.43%.The business had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same period in the previous year, the firm posted $0.30 earnings per share. The company'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. Research analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology declared that its Board of Directors has approved a share buyback program on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the semiconductor company to purchase up to 7.8% of its shares through open market purchases. Shares buyback programs are typically an indication 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. Stockholders of record on Friday, October 10th will be paid a $0.06 dividend. The ex-dividend date of this dividend 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 presently -184.62%.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, COO Chris Koopmans bought 6,800 shares of the business's stock in a transaction that occurred on Thursday, September 25th. The shares were purchased at an average cost of $78.03 per share, with a total value of $530,604.00. Following the purchase, the chief operating officer directly owned 104,825 shares in the company, valued at approximately $8,179,494.75. This represents a 6.94% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Willem A. Meintjes purchased 3,400 shares of the company's stock in a transaction on Thursday, September 25th. The stock was 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 owned 132,159 shares of the company's stock, valued at approximately $10,312,366.77. This represents a 2.64% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 27,200 shares of company stock worth $2,109,632. 0.19% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

MRVL has been the subject of several research reports. Cowen cut shares of Marvell Technology from a "buy" rating to a "hold" rating in a research note on Tuesday, September 30th. Roth Capital restated a "buy" rating on shares of Marvell Technology in a report on Wednesday, October 15th. Wells Fargo & Company lowered their price target on shares of Marvell Technology from $95.00 to $90.00 and set an "overweight" rating on the stock in a research report on Friday, August 29th. Benchmark restated a "buy" rating and set a $95.00 price objective on shares of Marvell Technology in a research report on Friday, August 29th. Finally, BNP Paribas raised shares of Marvell Technology to a "strong-buy" rating in a research note on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $93.06.

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.

Want to see what other hedge funds are holding MRVL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marvell Technology, Inc. (NASDAQ:MRVL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.