Plato Investment Management Ltd Lowers Stake in Marvell Technology, Inc. $MRVL

Plato Investment Management Ltd lessened its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 7.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,250 shares of the semiconductor company’s stock after selling 2,364 shares during the period. Plato Investment Management Ltd’s holdings in Marvell Technology were worth $2,256,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MRVL. Taylor Frigon Capital Management LLC boosted its position 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 worth $2,601,000 after buying an additional 4,748 shares during the period. Waterfront Wealth Inc. boosted its position in shares of Marvell Technology by 21.5% in the second quarter. Waterfront Wealth Inc. now owns 18,394 shares of the semiconductor company’s stock worth $1,424,000 after buying an additional 3,258 shares during the period. BOCHK Asset Management Ltd purchased a new stake in shares of Marvell Technology in the second quarter worth about $1,486,000. Westbourne Investments Inc. boosted its position 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 worth $1,679,000 after buying an additional 17,695 shares during the period. Finally, Triton Financial Group Inc purchased a new stake in shares of Marvell Technology in the second quarter worth about $1,543,000. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Marvell Technology Trading Up 5.8%

NASDAQ:MRVL opened at $93.71 on Friday. 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 business’s 50 day moving average is $78.84 and its two-hundred day moving average is $72.10. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $127.48. The company has a market cap of $80.79 billion, a PE ratio of -720.85, a P/E/G ratio of 1.10 and a beta of 1.94.

Marvell Technology (NASDAQ:MRVL) last released its earnings results on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, hitting analysts’ consensus estimates 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 the consensus estimate of $2.01 billion. During the same quarter last year, the business posted $0.30 EPS. Marvell Technology’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. On average, analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Dividend Announcement

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

Marvell Technology announced that its Board of Directors has authorized a share repurchase program on Wednesday, September 24th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to purchase up to 7.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

Several research firms recently commented on MRVL. BNP Paribas upgraded Marvell Technology to a “strong-buy” rating in a research note on Friday, August 29th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $75.00 price target on shares of Marvell Technology in a research note on Friday, August 29th. JPMorgan Chase & Co. cut their price target on Marvell Technology from $130.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, August 29th. Oppenheimer boosted their price target on Marvell Technology from $95.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. Finally, Jefferies Financial Group cut their price target on Marvell Technology from $90.00 to $80.00 and set a “buy” rating on the stock in a research note on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $93.06.

Insider Transactions at Marvell Technology

In other news, COO Chris Koopmans bought 6,800 shares of Marvell Technology stock in a transaction on Thursday, September 25th. The shares were bought at an average price of $78.03 per share, with a total value of $530,604.00. Following the acquisition, the chief operating officer directly owned 104,825 shares in the company, 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, insider Sandeep Bharathi purchased 3,400 shares of the company’s stock in a transaction dated Thursday, September 25th. The shares were bought at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the completion of the transaction, the insider directly owned 73,392 shares in the company, valued at approximately $5,726,777.76. This trade represents a 4.86% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders purchased 27,200 shares of company stock worth $2,109,632. 0.19% of the stock is currently 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.