Geneva Capital Management LLC Purchases 2,312 Shares of Marvell Technology, Inc. $MRVL

Geneva Capital Management LLC raised its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 7.6% in the 2nd quarter, Holdings Channel reports. The firm owned 32,671 shares of the semiconductor company’s stock after buying an additional 2,312 shares during the quarter. Geneva Capital Management LLC’s holdings in Marvell Technology were worth $2,529,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Richards Merrill & Peterson Inc. boosted its holdings in Marvell Technology by 4.0% in the 2nd quarter. Richards Merrill & Peterson Inc. now owns 3,606 shares of the semiconductor company’s stock valued at $279,000 after purchasing an additional 139 shares during the period. Retirement Planning Group LLC NY grew its stake in Marvell Technology by 4.0% in the 2nd quarter. Retirement Planning Group LLC NY now owns 3,722 shares of the semiconductor company’s stock worth $288,000 after buying an additional 142 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in Marvell Technology by 0.8% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 19,945 shares of the semiconductor company’s stock worth $1,544,000 after buying an additional 151 shares in the last quarter. Mayflower Financial Advisors LLC grew its stake in Marvell Technology by 3.4% in the 2nd quarter. Mayflower Financial Advisors LLC now owns 4,579 shares of the semiconductor company’s stock worth $354,000 after buying an additional 151 shares in the last quarter. Finally, CHICAGO TRUST Co NA grew its stake in Marvell Technology by 3.5% in the 2nd quarter. CHICAGO TRUST Co NA now owns 4,703 shares of the semiconductor company’s stock worth $364,000 after buying an additional 158 shares in the last quarter. 83.51% of the stock is owned by institutional investors.

Marvell Technology Trading Up 5.8%

Shares of MRVL opened at $93.71 on Friday. The stock has a market capitalization of $80.79 billion, a P/E ratio of -720.85, a PEG ratio of 1.10 and a beta of 1.94. The company has a quick ratio of 1.44, a current ratio of 1.88 and a debt-to-equity ratio of 0.30. The firm has a fifty day simple moving average of $78.84 and a two-hundred day simple moving average of $72.10. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve month high of $127.48.

Marvell Technology (NASDAQ:MRVL) last announced its quarterly earnings results on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, meeting the consensus estimate of $0.67. Marvell Technology had a negative net margin of 1.43% and a positive return on equity of 11.01%. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the prior year, the company posted $0.30 EPS. The firm’s revenue for the quarter 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, research analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Friday, October 10th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. Marvell Technology’s payout ratio is presently -184.62%.

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

Analysts Set New Price Targets

A number of equities analysts have commented on MRVL shares. Rosenblatt Securities cut their price target on shares of Marvell Technology from $124.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, August 29th. TD Cowen reissued a “hold” rating and issued a $85.00 price target (down previously from $90.00) on shares of Marvell Technology in a research note on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft boosted their price target 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. Evercore ISI cut their price objective on shares of Marvell Technology from $133.00 to $122.00 and set an “outperform” rating for the company in a research note on Friday, August 29th. Finally, Morgan Stanley decreased 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. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $93.06.

Insider Activity at Marvell Technology

In related news, insider Sandeep Bharathi bought 3,400 shares of the business’s stock in a transaction dated Thursday, September 25th. The shares were purchased at an average price of $78.03 per share, with a total value of $265,302.00. Following the purchase, the insider owned 73,392 shares of the company’s stock, valued at approximately $5,726,777.76. This trade represents a 4.86% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Chris Koopmans purchased 6,800 shares of the firm’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 $530,604.00. Following the completion of the purchase, the chief operating officer owned 104,825 shares in the company, valued at $8,179,494.75. This represents a 6.94% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders bought 27,200 shares of company stock worth $2,109,632. 0.19% of the stock is currently owned by company insiders.

About Marvell Technology

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.