Marvell Technology, Inc. $MRVL Shares Bought by Groupe la Francaise

Groupe la Francaise lifted its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 111.2% in the second quarter, HoldingsChannel reports. The firm owned 52,986 shares of the semiconductor company’s stock after buying an additional 27,896 shares during the quarter. Groupe la Francaise’s holdings in Marvell Technology were worth $4,083,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Marvell Technology by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 64,443,232 shares of the semiconductor company’s stock valued at $4,987,906,000 after buying an additional 673,110 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in 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 valued at $1,272,117,000 after acquiring an additional 5,050,159 shares during the last quarter. Norges Bank acquired a new stake in shares of Marvell Technology during the second quarter worth $716,713,000. Ameriprise Financial Inc. lifted its stake in shares of Marvell Technology by 2.6% in 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 during the period. Finally, Franklin Resources Inc. boosted its holdings in Marvell Technology by 112.4% in the 2nd quarter. Franklin Resources Inc. now owns 8,097,620 shares of the semiconductor company’s stock valued at $626,756,000 after purchasing an additional 4,285,330 shares in the last quarter. 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. KeyCorp increased their target price on shares of Marvell Technology from $90.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday. Morgan Stanley set a $112.00 price target on shares of Marvell Technology in a research note on Wednesday. Craig Hallum reiterated a “buy” rating and issued a $141.00 target price on shares of Marvell Technology in a research note on Wednesday. HSBC began coverage on Marvell Technology in a research report on Monday, November 24th. They issued a “hold” rating and a $85.00 target price on the stock. Finally, Piper Sandler set a $110.00 price objective on shares of Marvell Technology in a research note on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $111.00.

Marvell Technology Stock Performance

Shares of NASDAQ MRVL opened at $100.20 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 1.88. The stock has a fifty day moving average price of $87.15 and a two-hundred day moving average price of $76.77. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48. The firm has a market cap of $86.38 billion, a P/E ratio of -770.77, a PEG ratio of 1.10 and a beta of 1.93.

Marvell Technology (NASDAQ:MRVL) last announced its earnings results on Tuesday, December 2nd. The semiconductor company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the prior year, the business posted $0.43 earnings per share. Marvell Technology’s revenue was up 36.8% compared to the same quarter last year. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. Research analysts forecast that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Friday, October 10th were paid a dividend of $0.06 per share. The ex-dividend date was Friday, October 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. Marvell Technology’s dividend payout ratio is 8.42%.

Marvell Technology declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, September 24th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the semiconductor company to purchase up to 7.8% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Marvell Technology

In related news, COO Chris Koopmans purchased 6,800 shares of Marvell Technology stock in a transaction on Thursday, September 25th. The stock was bought at an average price of $78.03 per share, with a total value of $530,604.00. Following the completion of the transaction, the chief operating officer directly owned 104,825 shares of the company’s stock, valued at approximately $8,179,494.75. This represents a 6.94% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew J. Murphy bought 13,600 shares of the firm’s stock in a transaction on Thursday, September 25th. The shares were bought at an average cost of $77.09 per share, with a total value of $1,048,424.00. Following the transaction, the chief executive officer directly owned 268,637 shares of the company’s stock, valued at approximately $20,709,226.33. This trade represents a 5.33% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired a total of 27,200 shares of company stock worth $2,109,632 in the last 90 days. 0.19% of the stock is currently owned by company insiders.

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.