Vaughan Nelson Investment Management L.P. Sells 148,206 Shares of Marvell Technology, Inc. $MRVL

Vaughan Nelson Investment Management L.P. cut its stake in Marvell Technology, Inc. (NASDAQ:MRVL) by 21.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 541,449 shares of the semiconductor company’s stock after selling 148,206 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Marvell Technology were worth $41,908,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Taylor Frigon Capital Management LLC grew its stake in shares of Marvell Technology by 16.5% in the second quarter. Taylor Frigon Capital Management LLC now owns 33,605 shares of the semiconductor company’s stock valued at $2,601,000 after acquiring an additional 4,748 shares in the last quarter. Westbourne Investments Inc. grew its stake in shares of Marvell Technology by 442.4% in the second quarter. Westbourne Investments Inc. now owns 21,695 shares of the semiconductor company’s stock valued at $1,679,000 after acquiring an additional 17,695 shares in the last quarter. BOCHK Asset Management Ltd acquired a new position in shares of Marvell Technology in the second quarter valued at about $1,486,000. Family Legacy Financial Solutions LLC acquired a new position in shares of Marvell Technology in the second quarter valued at about $1,618,000. Finally, Siren L.L.C. grew its stake in shares of Marvell Technology by 636.2% in the first quarter. Siren L.L.C. now owns 36,808 shares of the semiconductor company’s stock valued at $2,266,000 after acquiring an additional 31,808 shares in the last quarter. 83.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on MRVL shares. Evercore ISI decreased their price target on shares of Marvell Technology from $133.00 to $122.00 and set an “outperform” rating on the stock in a research note on Friday, August 29th. BNP Paribas upgraded shares of Marvell Technology to a “strong-buy” rating in a research note on Friday, August 29th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Marvell Technology from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, September 25th. Cantor Fitzgerald reiterated a “neutral” rating and set a $75.00 price objective on shares of Marvell Technology in a research note on Friday, August 29th. Finally, Melius Research increased their price objective on shares of Marvell Technology from $67.00 to $76.00 and gave the stock a “hold” rating in a research note on Wednesday, June 18th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $91.67.

Insiders Place Their Bets

In other Marvell Technology news, CFO Willem A. Meintjes acquired 3,400 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The stock was acquired at an average price 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 $10,312,366.77. This represents a 2.64% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Sandeep Bharathi acquired 3,400 shares of the company’s stock in a transaction that occurred on 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 acquisition, the insider owned 73,392 shares in the company, valued at $5,726,777.76. The trade was a 4.86% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 27,200 shares of company stock worth $2,109,632 over the last quarter. 0.19% of the stock is currently owned by corporate insiders.

Marvell Technology Trading Up 0.0%

MRVL opened at $86.22 on Friday. The company’s 50 day moving average is $74.27 and its 200-day moving average is $68.16. Marvell Technology, Inc. has a 1-year low of $47.08 and a 1-year high of $127.48. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The company has a market cap of $74.33 billion, a P/E ratio of -663.23, a PEG ratio of 1.06 and a beta of 1.94.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.67. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period last year, the company posted $0.30 EPS. The firm’s quarterly revenue was up 57.6% compared to the same quarter last year. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. Equities research analysts predict that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal year.

Marvell Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Friday, October 10th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, October 10th. Marvell Technology’s dividend payout ratio (DPR) is -184.62%.

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

Marvell Technology Company 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.