Union Bancaire Privee UBP SA Increases Stake in Marvell Technology, Inc. $MRVL

Key Points

• Union Bancaire Privee UBP SA increased its stake in Marvell Technology by 129.2% in the second quarter, owning 191,944 shares valued at approximately $13.67 million.
• Marvell Technology announced a $5 billion share buyback plan, indicating the board's belief that the stock is undervalued, while also declaring a quarterly dividend of $0.06 per share.
• Marvell's recent earnings met expectations, reporting $0.67 EPS and $2.01 billion in revenue, a year-over-year increase of 57.6%.

Union Bancaire Privee UBP SA grew its stake in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) by 129.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 191,944 shares of the semiconductor company's stock after buying an additional 108,187 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Marvell Technology were worth $13,666,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Marvell Technology by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 63,770,122 shares of the semiconductor company's stock valued at $3,926,326,000 after buying an additional 1,212,338 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Marvell Technology by 32.3% during the 1st 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 in the last quarter. Brown Advisory Inc. raised its position in shares of Marvell Technology by 2.2% during the 1st quarter. Brown Advisory Inc. now owns 19,300,527 shares of the semiconductor company's stock worth $1,188,333,000 after acquiring an additional 423,892 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Marvell Technology by 2.6% during the 1st quarter. Ameriprise Financial Inc. now owns 8,942,304 shares of the semiconductor company's stock worth $562,991,000 after acquiring an additional 227,555 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its position in shares of Marvell Technology by 6.7% during the 1st quarter. Pictet Asset Management Holding SA now owns 7,776,196 shares of the semiconductor company's stock worth $478,794,000 after acquiring an additional 488,610 shares in the last quarter. Hedge funds and other institutional investors own 83.51% of the company's stock.

Marvell Technology Trading Down 0.9%

NASDAQ:MRVL opened at $82.39 on Tuesday. The firm has a market cap of $71.03 billion, a P/E ratio of -633.77, a PEG ratio of 1.02 and a beta of 1.85. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The stock's 50 day simple moving average is $73.33 and its 200-day simple moving average is $67.70. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month 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 (EPS) for the quarter, meeting analysts' consensus estimates of $0.67. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 57.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 earnings per share. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Equities analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology announced that its board has authorized a share buyback plan on Wednesday, September 24th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to repurchase up to 7.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.

Marvell Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Investors 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 dividend on an annualized basis and a dividend yield of 0.3%. Marvell Technology's payout ratio is -184.62%.

Insider Transactions at Marvell Technology

In other Marvell Technology news, COO Chris Koopmans purchased 6,800 shares of the firm's stock in a transaction that occurred on Thursday, September 25th. The shares were purchased at an average cost of $78.03 per share, for a total transaction of $530,604.00. Following the completion of the purchase, the chief operating officer directly owned 104,825 shares in the company, valued at $8,179,494.75. This represents a 6.94% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Willem A. Meintjes purchased 3,400 shares of the firm's stock in a transaction that occurred on Thursday, September 25th. The stock was acquired 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 owned 132,159 shares of the company's stock, 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 90 days, insiders bought 27,200 shares of company stock valued at $2,109,632. 0.33% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MRVL. Bank of America reissued a "neutral" rating and set a $78.00 target price (down previously from $90.00) on shares of Marvell Technology in a research report on Friday, August 29th. Evercore ISI cut their price target on Marvell Technology from $133.00 to $122.00 and set an "outperform" rating on the stock in a research report on Friday, August 29th. Wall Street Zen raised Marvell Technology from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Melius Research lifted their price target on Marvell Technology from $67.00 to $76.00 and gave the stock a "hold" rating in a research report on Wednesday, June 18th. Finally, Morgan Stanley cut their price target on Marvell Technology from $80.00 to $76.00 and set an "equal weight" rating on the stock in a research report on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat.com, Marvell Technology has a consensus rating of "Moderate Buy" and a consensus target price of $91.17.

About Marvell Technology

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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