Thompson Investment Management Inc. Purchases 10,340 Shares of Marvell Technology, Inc. $MRVL

Key Points

• Thompson Investment Management Inc. increased its stake in Marvell Technology, acquiring an additional 10,340 shares, raising its total holdings by 39.6% and valuing the investment at approximately $2.82 million.
• Marvell Technology announced a $5 billion stock buyback plan, allowing the company to repurchase up to 7.8% of its outstanding shares, indicating confidence in its current stock valuation.
• Despite a positive quarterly performance, several analysts have mixed ratings on Marvell Technology stock, with consensus estimates suggesting a Moderate Buy and a target price of $91.67.

Thompson Investment Management Inc. boosted its holdings in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 39.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,430 shares of the semiconductor company's stock after purchasing an additional 10,340 shares during the period. Thompson Investment Management Inc.'s holdings in Marvell Technology were worth $2,820,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Taylor Frigon Capital Management LLC grew its stake in Marvell Technology by 16.5% in the second quarter. Taylor Frigon Capital Management LLC now owns 33,605 shares of the semiconductor company's stock valued at $2,601,000 after purchasing an additional 4,748 shares in the last quarter. BOCHK Asset Management Ltd bought a new stake in Marvell Technology during the second quarter worth $1,486,000. Westbourne Investments Inc. lifted its stake in Marvell Technology by 442.4% in the second quarter. Westbourne Investments Inc. now owns 21,695 shares of the semiconductor company's stock valued at $1,679,000 after acquiring an additional 17,695 shares during the last quarter. Family Legacy Financial Solutions LLC bought a new position in shares of Marvell Technology in the 2nd quarter valued at about $1,618,000. Finally, Siren L.L.C. increased its stake in shares of Marvell Technology by 636.2% during the 1st quarter. Siren L.L.C. now owns 36,808 shares of the semiconductor company's stock worth $2,266,000 after purchasing an additional 31,808 shares during the last quarter. 83.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MRVL shares. Jefferies Financial Group cut 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 note on Friday, August 29th. BNP Paribas upgraded shares of Marvell Technology to a "strong-buy" rating in a research note 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 stock a "buy" rating in a research report on Thursday, September 25th. Zacks Research upgraded Marvell Technology from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 24th. Finally, Oppenheimer reissued an "outperform" rating and issued a $95.00 target price on shares of Marvell Technology in a research report on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $91.67.

Insider Activity

In related news, COO Chris Koopmans acquired 6,800 shares of the company's stock in a transaction that occurred on Thursday, September 25th. The stock was acquired at an average price of $78.03 per share, with a total value of $530,604.00. Following the purchase, the chief operating officer directly owned 104,825 shares in the company, valued at approximately $8,179,494.75. This trade represents a 6.94% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark Casper sold 3,000 shares of the firm's stock in a transaction that occurred on 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 $1,241,743.05. This represents a 14.88% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 27,200 shares of company stock valued at $2,109,632. Corporate insiders own 0.19% of the company's stock.

Marvell Technology Stock Performance

NASDAQ MRVL opened at $90.68 on Friday. The firm's 50 day simple moving average is $75.16 and its 200 day simple moving average is $68.68. The firm has a market capitalization of $78.18 billion, a price-to-earnings ratio of -697.54, a P/E/G ratio of 1.13 and a beta of 1.94. 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, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last released its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, hitting the consensus estimate of $0.67. The firm had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2.01 billion. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The company's quarterly revenue was up 57.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. As a group, 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. Shareholders of record on Friday, October 10th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, October 10th. Marvell Technology's payout ratio is currently -184.62%.

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

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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