Stonehage Fleming Financial Services Holdings Ltd Acquires 4,723 Shares of Marvell Technology, Inc. $MRVL

Key Points

• Stonehage Fleming Financial Services Holdings Ltd has increased its holdings in Marvell Technology by 56.1%, acquiring an additional 4,723 shares, bringing its total to 13,142 shares valued at approximately $1,017,000.
• Several institutional investors, including Goldman Sachs and Impax Asset Management, have significantly increased their stakes in Marvell Technology, showcasing strong institutional interest with 83.51% of the stock now held by institutional investors.
• Marvell Technology announced a $5.00 billion share repurchase program, reflecting management's confidence in the stock's current valuation, along with a quarterly dividend of $0.06 per share set to be paid on October 30th.

Stonehage Fleming Financial Services Holdings Ltd grew its holdings in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 56.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,142 shares of the semiconductor company's stock after acquiring an additional 4,723 shares during the period. Stonehage Fleming Financial Services Holdings Ltd's holdings in Marvell Technology were worth $1,017,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in MRVL. Nuveen LLC bought a new position in Marvell Technology in the first quarter worth approximately $399,587,000. Goldman Sachs Group Inc. raised its position in Marvell Technology by 32.3% in the first quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company's stock worth $1,272,117,000 after acquiring an additional 5,050,159 shares during the period. Impax Asset Management Group plc raised its position in Marvell Technology by 748.3% in the first quarter. Impax Asset Management Group plc now owns 3,700,841 shares of the semiconductor company's stock worth $227,033,000 after acquiring an additional 3,264,557 shares during the period. AQR Capital Management LLC raised its position in Marvell Technology by 662.9% in the first quarter. AQR Capital Management LLC now owns 3,119,855 shares of the semiconductor company's stock worth $187,566,000 after acquiring an additional 2,710,894 shares during the period. Finally, DnB Asset Management AS raised its position in Marvell Technology by 1,167.6% in the first quarter. DnB Asset Management AS now owns 2,015,860 shares of the semiconductor company's stock worth $124,116,000 after acquiring an additional 1,856,833 shares during the period. 83.51% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Marvell Technology news, EVP Mark Casper sold 3,000 shares of Marvell Technology stock in a transaction on Friday, July 18th. The shares were sold at an average price of $72.35, for a total value of $217,050.00. Following the completion of the transaction, the executive vice president directly owned 17,163 shares of the company's stock, valued at $1,241,743.05. This trade represents a 14.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Matthew J. Murphy acquired 13,600 shares of the company's stock in a transaction on Thursday, September 25th. The stock was acquired at an average cost of $77.09 per share, with a total value of $1,048,424.00. Following the completion of the purchase, the chief executive officer directly owned 268,637 shares in the company, valued at approximately $20,709,226.33. This represents a 5.33% 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. Insiders own 0.19% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on MRVL. Bank of America restated a "neutral" rating and set a $78.00 price objective (down from $90.00) on shares of Marvell Technology in a research report on Friday, August 29th. Evercore ISI decreased their price objective on shares of Marvell Technology from $133.00 to $122.00 and set an "outperform" rating on the stock in a research report on Friday, August 29th. Needham & Company LLC raised their price objective on shares of Marvell Technology from $80.00 to $95.00 and gave the company a "buy" rating in a research report on Thursday, September 25th. Barclays restated an "overweight" rating and set a $80.00 price objective on shares of Marvell Technology in a research report on Friday, August 29th. Finally, Melius Research raised their price objective on shares of Marvell Technology from $67.00 to $76.00 and gave the company a "hold" rating in a research report on Wednesday, June 18th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, Marvell Technology currently has an average rating of "Moderate Buy" and a consensus price target of $92.33.

Marvell Technology Stock Performance

MRVL opened at $85.61 on Friday. The stock has a market capitalization of $73.80 billion, a price-to-earnings ratio of -658.54, a PEG ratio of 1.05 and a beta of 1.94. The company has a fifty day moving average of $75.38 and a 200 day moving average of $68.79. 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 debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.88.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last posted its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, meeting the consensus estimate of $0.67. The company had revenue of $2.01 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was up 57.6% on a year-over-year basis. During the same period last year, the company posted $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, sell-side analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology declared that its Board of Directors has approved a share repurchase program on Wednesday, September 24th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the semiconductor company to repurchase up to 7.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's leadership believes its stock is undervalued.

Marvell Technology Dividend Announcement

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

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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