Ardmore Road Asset Management LP Takes Position in Marvell Technology, Inc. $MRVL

Ardmore Road Asset Management LP purchased a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 350,000 shares of the semiconductor company’s stock, valued at approximately $27,090,000. Marvell Technology accounts for 2.2% of Ardmore Road Asset Management LP’s investment portfolio, making the stock its 16th largest holding.

Several other hedge funds and other institutional investors also recently bought and sold shares of MRVL. Taylor Frigon Capital Management LLC raised its stake in shares of Marvell Technology by 16.5% during the second quarter. Taylor Frigon Capital Management LLC now owns 33,605 shares of the semiconductor company’s stock worth $2,601,000 after purchasing an additional 4,748 shares during the last quarter. Waterfront Wealth Inc. raised its position in Marvell Technology by 21.5% during the 2nd quarter. Waterfront Wealth Inc. now owns 18,394 shares of the semiconductor company’s stock worth $1,424,000 after buying an additional 3,258 shares during the last quarter. BOCHK Asset Management Ltd acquired a new stake in shares of Marvell Technology in the 2nd quarter worth $1,486,000. Westbourne Investments Inc. lifted its stake in shares of Marvell Technology by 442.4% in the 2nd quarter. Westbourne Investments Inc. now owns 21,695 shares of the semiconductor company’s stock worth $1,679,000 after acquiring an additional 17,695 shares during the period. Finally, Norges Bank purchased a new stake in shares of Marvell Technology in the second quarter valued at about $716,713,000. 83.51% of the stock is owned by hedge funds and other institutional investors.

Marvell Technology Trading Up 0.7%

NASDAQ:MRVL opened at $98.91 on Friday. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $127.48. The company has a quick ratio of 1.44, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. The stock has a fifty day simple moving average of $87.75 and a 200-day simple moving average of $77.17. The company has a market capitalization of $83.89 billion, a PE ratio of 34.71, a price-to-earnings-growth ratio of 0.96 and a beta of 1.93.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings data on Tuesday, December 2nd. The semiconductor company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The firm’s revenue was up 36.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.43 EPS. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. On average, equities research analysts expect that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Announces Dividend

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

Marvell Technology declared that its board has authorized a share repurchase plan on Wednesday, September 24th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the semiconductor company to reacquire up to 7.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on MRVL shares. Summit Insights raised shares of Marvell Technology from a “hold” rating to a “buy” rating in a report on Wednesday. Raymond James Financial assumed coverage on Marvell Technology in a research note on Thursday, November 20th. They set a “strong-buy” rating and a $121.00 target price for the company. B. Riley reissued a “buy” rating and issued a $130.00 price target (up from $100.00) on shares of Marvell Technology in a report on Wednesday. Piper Sandler set a $110.00 price objective on Marvell Technology in a report on Wednesday. Finally, Roth Capital increased their price objective on Marvell Technology from $105.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Marvell Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.56.

Insider Buying and Selling

In related news, CEO Matthew J. Murphy purchased 13,600 shares of the business’s stock in a transaction dated Thursday, September 25th. The stock was bought at an average cost of $77.09 per share, with a total value of $1,048,424.00. Following the completion of the acquisition, the chief executive officer directly owned 268,637 shares in the company, valued at $20,709,226.33. The trade was a 5.33% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Chris Koopmans bought 6,800 shares of Marvell Technology 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 $530,604.00. Following the completion of the acquisition, the chief operating officer owned 104,825 shares in the company, valued at $8,179,494.75. This represents a 6.94% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have bought 27,200 shares of company stock valued at $2,109,632. 0.19% of the stock is currently owned by company insiders.

Marvell Technology 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.