Bourgeon Capital Management LLC Grows Position in Marvell Technology, Inc. $MRVL

Bourgeon Capital Management LLC increased its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 8.1% during the third quarter, according to its most recent filing with the SEC. The fund owned 181,661 shares of the semiconductor company’s stock after buying an additional 13,589 shares during the quarter. Marvell Technology accounts for approximately 2.8% of Bourgeon Capital Management LLC’s portfolio, making the stock its 7th largest holding. Bourgeon Capital Management LLC’s holdings in Marvell Technology were worth $15,272,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Marvell Technology by 1.1% during 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 acquiring an additional 673,110 shares during the period. Brown Advisory Inc. grew its holdings in Marvell Technology by 8.0% during the second quarter. Brown Advisory Inc. now owns 20,840,336 shares of the semiconductor company’s stock valued at $1,613,044,000 after purchasing an additional 1,539,809 shares during the period. State Street Corp increased its position in Marvell Technology by 2.7% in the second quarter. State Street Corp now owns 20,573,260 shares of the semiconductor company’s stock worth $1,592,370,000 after buying an additional 533,946 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Marvell Technology by 16.4% in the second quarter. Ameriprise Financial Inc. now owns 10,406,875 shares of the semiconductor company’s stock valued at $805,473,000 after buying an additional 1,464,571 shares during the period. Finally, Norges Bank purchased a new position in shares of Marvell Technology during the 2nd quarter valued at $716,713,000. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Marvell Technology Stock Performance

NASDAQ MRVL opened at $89.39 on Friday. The company’s 50 day simple moving average is $87.82 and its two-hundred day simple moving average is $80.20. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.01 and a quick ratio of 1.64. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48. The stock has a market capitalization of $75.81 billion, a PE ratio of 31.36, a P/E/G ratio of 0.82 and a beta of 1.95.

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 firm had revenue of $2.07 billion during 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 business’s revenue for the quarter was up 36.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.43 EPS. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. Analysts predict that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the semiconductor company to repurchase up to 7.8% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Marvell Technology Announces Dividend

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

Insider Buying and Selling at Marvell Technology

In other news, EVP Mark Casper sold 1,253 shares of Marvell Technology stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $101.00, for a total transaction of $126,553.00. Following the completion of the sale, the executive vice president owned 9,023 shares in the company, valued at approximately $911,323. This trade represents a 12.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.19% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on MRVL. Benchmark reissued a “hold” rating on shares of Marvell Technology in a report on Tuesday, December 23rd. Hsbc Global Res upgraded shares of Marvell Technology to a “hold” rating in a research note on Monday, November 24th. Citigroup restated a “buy” rating on shares of Marvell Technology in a research note on Monday, December 22nd. Cantor Fitzgerald set a $100.00 price objective on shares of Marvell Technology in a report on Tuesday, December 16th. Finally, Stifel Nicolaus boosted their target price on shares of Marvell Technology from $95.00 to $114.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Four investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $111.25.

Marvell Technology Company 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.