California Public Employees Retirement System Boosts Stock Holdings in Marvell Technology, Inc. $MRVL

California Public Employees Retirement System raised its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 6.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,434,636 shares of the semiconductor company’s stock after acquiring an additional 84,064 shares during the quarter. California Public Employees Retirement System’s holdings in Marvell Technology were worth $111,041,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Cary Street Partners Financial LLC bought a new position in shares of Marvell Technology during the 2nd quarter worth $231,000. Cerity Partners LLC lifted its holdings in Marvell Technology by 2.3% during the second quarter. Cerity Partners LLC now owns 101,042 shares of the semiconductor company’s stock valued at $7,821,000 after purchasing an additional 2,291 shares during the last quarter. Daner Wealth Management LLC bought a new position in Marvell Technology during the second quarter worth about $238,000. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Marvell Technology in the second quarter worth about $34,000. Finally, Ardmore Road Asset Management LP bought a new stake in shares of Marvell Technology in the second quarter valued at approximately $27,090,000. 83.51% of the stock is currently owned by institutional investors.

Marvell Technology Price Performance

NASDAQ:MRVL opened at $98.91 on Monday. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $127.48. The stock has a fifty day moving average of $87.75 and a 200 day moving average of $77.40. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.64 and a current ratio of 2.01. The firm has a market capitalization of $83.89 billion, a price-to-earnings ratio of 34.71, a P/E/G ratio of 0.96 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.06 billion. Marvell Technology had a return on equity of 13.15% and a net margin of 31.75%.The company’s quarterly revenue was up 36.8% compared to the same quarter last year. 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, research analysts expect that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

Marvell Technology announced that its board has authorized a share 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 stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Marvell Technology Announces Dividend

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

Insider Activity at Marvell Technology

In related news, CEO Matthew J. Murphy purchased 13,600 shares of the business’s stock in a transaction on Thursday, September 25th. The stock was acquired at an average price of $77.09 per share, with a total value of $1,048,424.00. Following 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Willem A. Meintjes purchased 3,400 shares of the firm’s stock in a transaction dated Thursday, September 25th. The stock was bought at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the acquisition, the chief financial officer directly owned 132,159 shares in the company, valued at approximately $10,312,366.77. The trade was a 2.64% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have acquired 27,200 shares of company stock valued at $2,109,632. Company insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

MRVL has been the subject of several analyst reports. BNP Paribas raised shares of Marvell Technology to a “strong-buy” rating in a report on Friday, August 29th. Wall Street Zen upgraded Marvell Technology from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. KeyCorp boosted their price objective on Marvell Technology from $90.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday. Roth Capital increased their price objective on Marvell Technology from $105.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Cowen reaffirmed a “hold” rating on shares of Marvell Technology in a report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat.com, Marvell Technology has a consensus rating of “Moderate Buy” and an average target price of $111.56.

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.