Marvell Technology, Inc. $MRVL Shares Sold by Global X Japan Co. Ltd.

Global X Japan Co. Ltd. reduced its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 19.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 39,859 shares of the semiconductor company’s stock after selling 9,828 shares during the period. Global X Japan Co. Ltd.’s holdings in Marvell Technology were worth $3,351,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Taylor Frigon Capital Management LLC increased its holdings in shares of Marvell Technology by 16.5% in the 2nd 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. Waterfront Wealth Inc. lifted its position in Marvell Technology by 21.5% during the second 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 period. BOCHK Asset Management Ltd acquired a new position in shares of Marvell Technology in the 2nd quarter valued at $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 valued at $1,679,000 after purchasing an additional 17,695 shares in the last quarter. Finally, Norges Bank purchased a new stake in Marvell Technology during the second quarter worth approximately $716,713,000. Institutional investors and hedge funds own 83.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MRVL shares. Wall Street Zen upgraded Marvell Technology from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Bank of America reissued a “neutral” rating and issued a $78.00 target price (down previously from $90.00) on shares of Marvell Technology in a report on Friday, August 29th. Susquehanna set a $120.00 target price on Marvell Technology and gave the company a “positive” rating in a research note on Wednesday, December 3rd. Needham & Company LLC boosted their price objective on Marvell Technology from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Finally, Stifel Nicolaus raised their target price on shares of Marvell Technology from $95.00 to $114.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. Four investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat.com, Marvell Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.25.

Marvell Technology Trading Up 3.4%

Marvell Technology stock opened at $87.68 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.64. The company has a market capitalization of $74.36 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 0.82 and a beta of 1.93. The company’s fifty day moving average price is $87.66 and its two-hundred day moving average price is $79.38. Marvell Technology, Inc. has a one year low of $47.08 and a one year high of $127.48.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings results 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 company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.06 billion. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The company’s quarterly revenue was up 36.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.43 earnings per share. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. On average, analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 29th. Stockholders of record on Friday, January 9th will be issued a dividend of $0.06 per share. The ex-dividend date is Friday, January 9th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. Marvell Technology’s payout ratio is 8.42%.

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

Insider Activity

In related news, insider Sandeep Bharathi acquired 3,400 shares of the business’s stock in a transaction dated Thursday, September 25th. The stock was acquired at an average price of $78.03 per share, with a total value of $265,302.00. Following the completion of the transaction, the insider owned 73,392 shares of the company’s stock, valued at approximately $5,726,777.76. This represents a 4.86% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Matthew J. Murphy purchased 13,600 shares of the business’s stock in a transaction on Thursday, September 25th. The stock was purchased at an average cost of $77.09 per share, with a total value of $1,048,424.00. Following the acquisition, the chief executive officer 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 SEC filing for this purchase provides additional information. Over the last quarter, insiders acquired 27,200 shares of company stock worth $2,109,632. Corporate insiders own 0.33% of the company’s stock.

Marvell Technology Profile

Marvell Technology Group is a global semiconductor company that designs and develops integrated circuits and related software for data infrastructure, networking, storage and connectivity markets. The company’s product portfolio includes system-on-chip (SoC) solutions, Ethernet physical-layer transceivers (PHYs), switch and switch silicon, optical interconnect components, storage controllers, and security processors. Marvell’s technology is used to enable high-performance data centers, carrier networks, enterprise and cloud storage, as well as connectivity in automotive and industrial applications.

Founded in 1995 and headquartered in Santa Clara, California, Marvell has grown through both organic development and strategic acquisitions to broaden its capabilities across networking and data interconnect.