S Bank Fund Management Ltd Acquires 67,114 Shares of Marvell Technology, Inc. $MRVL

Key Points

• S Bank Fund Management Ltd has increased its holdings in Marvell Technology by 285%, acquiring 67,114 additional shares, bringing its total to 90,665 shares worth approximately $7 million.
• Marvell Technology reported a quarterly EPS of $0.67, matching the consensus estimate, with revenues up 57.6% year-over-year and a guidance for Q3 2026 at 0.690-0.790 EPS.
• The company has initiated a $5 billion stock buyback program, indicating potential confidence from the board in the stock's valuation.

S Bank Fund Management Ltd lifted its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 285.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 90,665 shares of the semiconductor company's stock after acquiring an additional 67,114 shares during the period. Marvell Technology makes up 1.0% of S Bank Fund Management Ltd's holdings, making the stock its 21st biggest holding. S Bank Fund Management Ltd's holdings in Marvell Technology were worth $7,017,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Game Plan Financial Advisors LLC bought a new stake in shares of Marvell Technology during the second quarter worth about $27,000. Kiker Wealth Management LLC increased its position in shares of Marvell Technology by 374.7% during the second quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company's stock worth $28,000 after acquiring an additional 281 shares in the last quarter. Hughes Financial Services LLC bought a new stake in shares of Marvell Technology during the first quarter worth about $26,000. Financial Connections Group Inc. increased its position 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 acquiring an additional 388 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. grew its position in Marvell Technology by 786.0% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 443 shares of the semiconductor company's stock worth $34,000 after purchasing an additional 393 shares in the last quarter. 83.51% of the stock is owned by institutional investors.

Marvell Technology Stock Up 3.1%

MRVL opened at $88.89 on Thursday. The company has a 50 day moving average of $76.10 and a 200 day moving average of $69.26. The company has a market cap of $76.63 billion, a PE ratio of -683.77, a price-to-earnings-growth ratio of 1.05 and a beta of 1.94. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month high of $127.48. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, hitting the consensus estimate of $0.67. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. Marvell Technology's revenue for the quarter was up 57.6% on a year-over-year basis. During the same period last year, the firm earned $0.30 EPS. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, sell-side analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Dividend Announcement

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

Marvell Technology announced that its board has initiated a stock buyback program on Wednesday, September 24th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to repurchase up to 7.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research firms have commented on MRVL. The Goldman Sachs Group began coverage on shares of Marvell Technology in a research note on Thursday, July 10th. They issued a "neutral" rating and a $75.00 price objective for the company. Cantor Fitzgerald reiterated a "neutral" rating and issued a $75.00 price objective on shares of Marvell Technology in a research note on Friday, August 29th. Benchmark reiterated a "buy" rating and issued a $95.00 price objective on shares of Marvell Technology in a research note on Friday, August 29th. Zacks Research upgraded shares of Marvell Technology from a "strong sell" rating to a "hold" rating in a research note on Wednesday, September 24th. Finally, Jefferies Financial Group reduced their target price 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. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, Marvell Technology presently has an average rating of "Moderate Buy" and an average target price of $93.06.

Insiders Place Their Bets

In other news, CEO Matthew J. Murphy bought 13,600 shares of the stock in a transaction 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 purchase, the chief executive officer directly owned 268,637 shares of the company's stock, 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 available through the SEC website. Also, CFO Willem A. Meintjes bought 3,400 shares of the stock in a transaction on Thursday, September 25th. The stock was 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 chief financial officer directly owned 132,159 shares in the company, 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 bought 27,200 shares of company stock worth $2,109,632. Company insiders own 0.19% of the company's stock.

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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