Asset Management One Co. Ltd. Has $27.33 Million Position in Marvell Technology, Inc. $MRVL

Asset Management One Co. Ltd. boosted its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 2.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 353,083 shares of the semiconductor company’s stock after acquiring an additional 8,779 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Marvell Technology were worth $27,329,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Nuveen LLC purchased a new position in Marvell Technology during the 1st quarter valued at about $399,587,000. Goldman Sachs Group Inc. boosted its stake in Marvell Technology by 32.3% in the first quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company’s stock worth $1,272,117,000 after buying an additional 5,050,159 shares in the last quarter. Impax Asset Management Group plc boosted its stake in Marvell Technology by 748.3% in the first quarter. Impax Asset Management Group plc now owns 3,700,841 shares of the semiconductor company’s stock worth $227,033,000 after buying an additional 3,264,557 shares in the last quarter. AQR Capital Management LLC lifted its position in Marvell Technology by 662.9% in the first quarter. AQR Capital Management LLC now owns 3,119,855 shares of the semiconductor company’s stock valued at $187,566,000 after purchasing an additional 2,710,894 shares during the last quarter. Finally, Nordea Investment Management AB lifted its position in Marvell Technology by 48.3% in the second quarter. Nordea Investment Management AB now owns 7,195,669 shares of the semiconductor company’s stock valued at $555,650,000 after purchasing an additional 2,344,245 shares during the last quarter. 83.51% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Marvell Technology news, COO Chris Koopmans acquired 6,800 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were bought at an average cost of $78.03 per share, with a total value of $530,604.00. Following the completion of the transaction, the chief operating officer directly owned 104,825 shares of the company’s stock, valued at approximately $8,179,494.75. This represents a 6.94% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Willem A. Meintjes acquired 3,400 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were acquired at an average cost of $78.03 per share, for a total transaction of $265,302.00. Following the completion of the transaction, the chief financial officer directly owned 132,159 shares of the company’s stock, valued at $10,312,366.77. The trade was a 2.64% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 27,200 shares of company stock valued at $2,109,632. 0.19% of the stock is currently owned by corporate insiders.

Marvell Technology Trading Up 1.6%

Marvell Technology stock opened at $84.13 on Friday. 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, Inc. has a one year low of $47.08 and a one year high of $127.48. The stock has a market capitalization of $72.53 billion, a PE ratio of -647.15, a price-to-earnings-growth ratio of 1.01 and a beta of 1.94. The business’s fifty day moving average is $77.13 and its 200 day moving average is $70.65.

Marvell Technology (NASDAQ:MRVL) last released its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, meeting the consensus estimate of $0.67. Marvell Technology had a positive return on equity of 11.01% and a negative net margin of 1.43%.The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period last year, the firm posted $0.30 earnings per share. Marvell Technology’s 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. On average, sell-side analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology declared that its board has authorized a share repurchase plan on Wednesday, September 24th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to reacquire up to 7.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Marvell Technology Announces Dividend

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 given 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 (DPR) is -184.62%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MRVL shares. Rosenblatt Securities decreased their target price on Marvell Technology from $124.00 to $95.00 and set a “buy” rating for the company in a report on Friday, August 29th. Zacks Research upgraded Marvell Technology from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 24th. Weiss Ratings restated a “hold (c-)” rating on shares of Marvell Technology in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft upped their price target on Marvell Technology from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, September 25th. Finally, Benchmark reaffirmed a “buy” rating and issued a $95.00 price target on shares of Marvell Technology in a research note on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $93.06.

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.