KLP Kapitalforvaltning AS Boosts Stock Holdings in Marvell Technology, Inc. $MRVL

KLP Kapitalforvaltning AS increased its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 11.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 461,939 shares of the semiconductor company’s stock after purchasing an additional 47,900 shares during the period. KLP Kapitalforvaltning AS’s holdings in Marvell Technology were worth $35,754,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in MRVL. NBC Securities Inc. raised its holdings in Marvell Technology by 94,750.0% during the first quarter. NBC Securities Inc. now owns 1,897 shares of the semiconductor company’s stock worth $116,000 after purchasing an additional 1,895 shares in the last quarter. Wedmont Private Capital raised its holdings in Marvell Technology by 30.7% during the first quarter. Wedmont Private Capital now owns 12,301 shares of the semiconductor company’s stock worth $757,000 after purchasing an additional 2,890 shares in the last quarter. UMB Bank n.a. raised its holdings in Marvell Technology by 6.3% during the first quarter. UMB Bank n.a. now owns 4,482 shares of the semiconductor company’s stock worth $276,000 after purchasing an additional 265 shares in the last quarter. Park Avenue Securities LLC raised its holdings in Marvell Technology by 1.8% during the first quarter. Park Avenue Securities LLC now owns 59,829 shares of the semiconductor company’s stock worth $3,684,000 after purchasing an additional 1,052 shares in the last quarter. Finally, Wesbanco Bank Inc. raised its holdings in Marvell Technology by 7.7% during the first quarter. Wesbanco Bank Inc. now owns 44,615 shares of the semiconductor company’s stock worth $2,747,000 after purchasing an additional 3,200 shares in the last quarter. 83.51% of the stock is owned by hedge funds and other institutional investors.

Marvell Technology Stock Down 2.2%

MRVL stock opened at $86.97 on Wednesday. The company’s 50 day simple moving average is $74.74 and its 200-day simple moving average is $68.39. The firm has a market capitalization of $74.98 billion, a PE ratio of -669.00, a P/E/G ratio of 1.09 and a beta of 1.94. Marvell Technology, Inc. has a 12 month low of $47.08 and a 12 month high of $127.48. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 1.44.

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

Marvell Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Friday, October 10th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. Marvell Technology’s dividend payout ratio is presently -184.62%.

Marvell Technology declared that its Board of Directors has initiated a stock repurchase 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 shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. B. Riley restated a “buy” rating and set a $115.00 target price (up from $110.00) on shares of Marvell Technology in a research report on Wednesday, June 18th. TD Cowen restated a “hold” rating and set a $85.00 target price (down from $90.00) on shares of Marvell Technology in a research report on Wednesday, October 1st. Morgan Stanley lowered their target price on shares of Marvell Technology from $80.00 to $76.00 and set an “equal weight” rating on the stock in a research report on Friday, August 29th. Melius Research upped their target price on shares of Marvell Technology from $67.00 to $76.00 and gave the stock a “hold” rating in a research report on Wednesday, June 18th. Finally, Barclays restated an “overweight” rating and set a $80.00 target price on shares of Marvell Technology in a research report on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.67.

Insider Buying and Selling at Marvell Technology

In other news, CFO Willem A. Meintjes acquired 3,400 shares of Marvell Technology stock in a transaction that occurred on Thursday, September 25th. The shares were acquired at an average price of $78.03 per share, with a total value of $265,302.00. Following the completion of the purchase, the chief financial officer owned 132,159 shares of the company’s stock, valued at approximately $10,312,366.77. This represents a 2.64% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Chris Koopmans acquired 6,800 shares of Marvell Technology stock in a transaction that occurred on Thursday, September 25th. The shares were purchased at an average cost of $78.03 per share, for a total transaction of $530,604.00. Following the purchase, the chief operating officer directly owned 104,825 shares of the company’s stock, valued at approximately $8,179,494.75. This trade represents a 6.94% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 27,200 shares of company stock valued at $2,109,632. 0.33% of the stock is owned by corporate 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.