Marvell Technology, Inc. $MRVL Stock Holdings Lowered by PKO Investment Management Joint Stock Co

Key Points

• PKO Investment Management reduced its holdings in Marvell Technology by 25%, now owning 60,000 shares worth approximately $4.64 million.
• Marvell Technology announced a quarterly dividend of $0.06 per share, with an expected dividend payout ratio of -184.62%.
• The company initiated a share repurchase plan allowing up to $5.00 billion in buybacks, indicating strong confidence in its stock value.

PKO Investment Management Joint Stock Co trimmed its position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 25.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,000 shares of the semiconductor company's stock after selling 20,000 shares during the quarter. PKO Investment Management Joint Stock Co's holdings in Marvell Technology were worth $4,644,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hughes Financial Services LLC acquired a new stake in Marvell Technology in the first quarter valued at approximately $26,000. Rossby Financial LCC bought a new position in Marvell Technology during the first quarter worth $27,000. Financial Connections Group Inc. increased its position in Marvell Technology by 776.0% during the first quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company's stock worth $27,000 after acquiring an additional 388 shares during the period. Game Plan Financial Advisors LLC bought a new position in Marvell Technology during the second quarter worth $27,000. Finally, Vision Financial Markets LLC bought a new stake in Marvell Technology in the 1st quarter valued at $28,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Marvell Technology Stock Up 1.6%

MRVL opened at $84.13 on Friday. 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 company's 50-day moving average is $77.13 and its 200 day moving average is $70.65. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week high of $127.48. The firm has a market capitalization of $72.53 billion, a P/E ratio of -647.15, a PEG ratio of 1.01 and a beta of 1.94.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released 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 company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period last year, the firm earned $0.30 earnings per share. The firm'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 expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The firm also recently announced 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 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 currently -184.62%.

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

Wall Street Analyst Weigh In

MRVL has been the topic of several research reports. Summit Redstone set a $105.00 price target on shares of Marvell Technology in a research report on Wednesday, October 15th. JPMorgan Chase & Co. lowered their target price on Marvell Technology from $130.00 to $120.00 and set an "overweight" rating for the company in a research note on Friday, August 29th. Benchmark reaffirmed a "buy" rating and set a $95.00 price target on shares of Marvell Technology in a research note on Friday, August 29th. Roth Capital reissued a "buy" rating on shares of Marvell Technology in a report on Wednesday, October 15th. Finally, Cantor Fitzgerald reissued 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-one have assigned a Buy rating and thirteen have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $93.06.

Insiders Place Their Bets

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

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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