Robeco Institutional Asset Management B.V. Grows Holdings in Marvell Technology, Inc. $MRVL

Key Points

• Robeco Institutional Asset Management B.V. increased its holdings in Marvell Technology by 84.9% during the second quarter, now owning a total of 1,634,880 shares valued at approximately $126.54 million.
• Analysts are bullish on Marvell Technology, with a consensus rating of "Moderate Buy" and an average target price of $91.67, following several price target adjustments by major brokerages.
• Marvell Technology announced a $5.00 billion share repurchase program aimed at buying back up to 7.8% of its shares, indicating confidence in the company's valuation.

Robeco Institutional Asset Management B.V. grew its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 84.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,634,880 shares of the semiconductor company's stock after purchasing an additional 750,546 shares during the period. Robeco Institutional Asset Management B.V. owned 0.19% of Marvell Technology worth $126,540,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Hughes Financial Services LLC purchased a new stake in Marvell Technology in the 1st quarter worth approximately $26,000. Rossby Financial LCC purchased a new position in shares of Marvell Technology during the 1st quarter worth $27,000. Financial Connections Group Inc. boosted its holdings in shares of 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 purchasing an additional 388 shares during the last quarter. Vision Financial Markets LLC purchased a new stake in shares of Marvell Technology in the first quarter valued at $28,000. Finally, Security National Bank purchased a new stake in shares of Marvell Technology in the first quarter valued at $31,000. Institutional investors and hedge funds own 83.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MRVL. Oppenheimer reissued an "outperform" rating and issued a $95.00 price target on shares of Marvell Technology in a research note on Friday, August 29th. Rosenblatt Securities cut their price objective on shares of Marvell Technology from $124.00 to $95.00 and set a "buy" rating on the stock in a report on Friday, August 29th. JPMorgan Chase & Co. decreased their target price 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. Deutsche Bank Aktiengesellschaft upped their price target on shares of Marvell Technology from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, September 25th. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and set a $75.00 price target on shares of Marvell Technology in a research note on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $91.67.

Marvell Technology Stock Up 2.8%

NASDAQ MRVL opened at $86.20 on Friday. The business has a 50 day moving average price of $74.03 and a two-hundred day moving average price of $68.03. The stock has a market cap of $74.31 billion, a PE ratio of -663.08, a P/E/G ratio of 1.03 and a beta of 1.94. Marvell Technology, Inc. has a fifty-two week low of $47.08 and a fifty-two week high of $127.48. 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 (NASDAQ:MRVL - Get Free Report) last released its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, hitting 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 firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the firm posted $0.30 EPS. The firm's quarterly 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. As a group, sell-side analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

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 given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. Marvell Technology's dividend payout ratio (DPR) is presently -184.62%.

Marvell Technology declared that its board has approved a share repurchase program on Wednesday, September 24th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to buy up to 7.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Insider Transactions at Marvell Technology

In related news, 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 cost of $78.03 per share, for a total transaction of $265,302.00. Following the purchase, the insider directly owned 73,392 shares of the company's stock, valued at $5,726,777.76. The trade was a 4.86% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark Casper sold 3,000 shares of the company's stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $72.35, for a total transaction of $217,050.00. Following the completion of the sale, the executive vice president owned 17,163 shares in the company, valued at approximately $1,241,743.05. This trade represents a 14.88% decrease in their position. The disclosure for this sale can be found here. Insiders acquired a total of 27,200 shares of company stock valued at $2,109,632 over the last ninety days. 0.19% of the stock is currently owned by corporate insiders.

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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