MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Sells 75,580 Shares of Marvell Technology, Inc. $MRVL

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH significantly reduced its holdings in Marvell Technology, selling 75,580 shares to hold a total of 33,541 shares worth approximately $2.6 million.
• Marvell Technology reported a quarterly revenue of $2.01 billion, with earnings per share meeting analyst expectations at $0.67, reflecting a 57.6% year-over-year growth.
• The company has approved a $5 billion buyback program, which may indicate that its board believes the stock is currently undervalued.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH cut its position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 69.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,541 shares of the semiconductor company's stock after selling 75,580 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Marvell Technology were worth $2,596,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MRVL. Mascagni Wealth Management Inc. bought a new stake in Marvell Technology in the 4th quarter valued at $131,000. MassMutual Private Wealth & Trust FSB increased its position in Marvell Technology by 23.8% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 76,583 shares of the semiconductor company's stock worth $4,715,000 after acquiring an additional 14,735 shares during the period. Howard Financial Services LTD. increased its position in Marvell Technology by 47.5% during the first quarter. Howard Financial Services LTD. now owns 6,314 shares of the semiconductor company's stock worth $389,000 after acquiring an additional 2,032 shares during the period. AdvisorNet Financial Inc increased its position in Marvell Technology by 22.7% during the first quarter. AdvisorNet Financial Inc now owns 4,326 shares of the semiconductor company's stock worth $266,000 after acquiring an additional 801 shares during the period. Finally, GAMMA Investing LLC increased its position in Marvell Technology by 6,001.6% during the first quarter. GAMMA Investing LLC now owns 501,796 shares of the semiconductor company's stock worth $30,896,000 after acquiring an additional 493,572 shares during the period. 83.51% of the stock is currently owned by institutional investors.

Marvell Technology Price Performance

MRVL stock opened at $83.81 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. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month high of $127.48. The firm has a market cap of $72.25 billion, a P/E ratio of -644.69, a P/E/G ratio of 0.97 and a beta of 1.85. The company's 50-day moving average price is $72.97 and its two-hundred day moving average price is $67.52.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted 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 the consensus estimate of $2.01 billion. During the same period last year, the company posted $0.30 EPS. The firm's quarterly revenue 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. On average, analysts anticipate 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 stock repurchase 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 purchase up to 7.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Marvell Technology Announces Dividend

The business also recently declared 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. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, October 10th. Marvell Technology's dividend payout ratio (DPR) is presently -184.62%.

Insider Buying and Selling

In related news, CEO Matthew J. Murphy purchased 13,600 shares of Marvell Technology stock in a transaction dated Thursday, September 25th. The shares were bought at an average cost of $77.09 per share, for a total transaction of $1,048,424.00. Following the purchase, the chief executive officer owned 268,637 shares in the company, valued at approximately $20,709,226.33. This trade represents a 5.33% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sandeep Bharathi purchased 3,400 shares of Marvell Technology stock in a transaction dated Thursday, September 25th. The stock was bought 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 owned 73,392 shares in the company, valued at $5,726,777.76. This represents a 4.86% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 27,200 shares of company stock worth $2,109,632 in the last quarter. Corporate insiders own 0.19% of the company's stock.

Analysts Set New Price Targets

MRVL has been the topic of a number of recent research reports. Oppenheimer reaffirmed an "outperform" rating and set a $95.00 price target on shares of Marvell Technology in a research report on Friday, August 29th. The Goldman Sachs Group initiated coverage on shares of Marvell Technology in a research report on Thursday, July 10th. They set a "neutral" rating and a $75.00 price target on the stock. Rosenblatt Securities lowered their price target on shares of Marvell Technology from $124.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, August 29th. JPMorgan Chase & Co. lowered their price target on shares of Marvell Technology from $130.00 to $120.00 and set an "overweight" rating on the stock in a research report on Friday, August 29th. Finally, Jefferies Financial Group decreased their target price on shares of Marvell Technology from $90.00 to $80.00 and set a "buy" rating on the stock in a report on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $91.17.

Marvell Technology Company 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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