TIAA Trust National Association Acquires 21,765 Shares of Marvell Technology, Inc. $MRVL

TIAA Trust National Association boosted its holdings in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 77.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 50,041 shares of the semiconductor company’s stock after acquiring an additional 21,765 shares during the quarter. TIAA Trust National Association’s holdings in Marvell Technology were worth $3,873,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hughes Financial Services LLC bought a new position in Marvell Technology during the first quarter valued at approximately $26,000. Rossby Financial LCC bought a new position in Marvell Technology during the first quarter valued at approximately $27,000. Financial Connections Group Inc. raised its position in Marvell Technology by 776.0% during the first quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 388 shares in the last quarter. Game Plan Financial Advisors LLC bought a new position in Marvell Technology during the second quarter valued at approximately $27,000. Finally, Vision Financial Markets LLC acquired a new position in Marvell Technology during the first quarter valued at approximately $28,000. Institutional investors own 83.51% of the company’s stock.

Analysts Set New Price Targets

MRVL has been the topic of several analyst reports. JPMorgan Chase & Co. lowered their price target on Marvell Technology from $130.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, August 29th. The Goldman Sachs Group began coverage on shares of Marvell Technology in a research note on Thursday, July 10th. They issued a “neutral” rating and a $75.00 target price on the stock. Roth Capital reiterated a “buy” rating on shares of Marvell Technology in a research note on Wednesday, October 15th. Barclays reiterated an “equal weight” rating and issued a $80.00 target price on shares of Marvell Technology in a research note on Monday, October 20th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $75.00 target price on shares of Marvell Technology 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 issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $93.06.

Insider Buying and Selling at Marvell Technology

In other Marvell Technology news, CFO Willem A. Meintjes purchased 3,400 shares of the firm’s stock in a transaction on Thursday, September 25th. The shares were purchased at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the completion of the purchase, the chief financial officer directly owned 132,159 shares of the company’s stock, valued at approximately $10,312,366.77. This represents a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew J. Murphy acquired 13,600 shares of Marvell Technology stock in a transaction dated Thursday, September 25th. The shares were acquired at an average cost of $77.09 per share, with a total value of $1,048,424.00. Following the completion of the acquisition, the chief executive officer directly owned 268,637 shares in the company, valued at $20,709,226.33. This trade represents a 5.33% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 27,200 shares of company stock worth $2,109,632 over the last three months. 0.19% of the stock is currently owned by corporate insiders.

Marvell Technology Trading Down 3.6%

Shares of Marvell Technology stock opened at $90.37 on Tuesday. The company’s fifty day simple moving average is $79.19 and its 200-day simple moving average is $72.51. The company has a market cap of $77.91 billion, a price-to-earnings ratio of -695.15, a PEG ratio of 1.10 and a beta of 1.94. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. Marvell Technology, Inc. has a 1 year low of $47.08 and a 1 year high of $127.48.

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

Marvell Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Friday, October 10th were paid a $0.06 dividend. The ex-dividend date was 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 presently -184.62%.

Marvell Technology declared that its board has approved a share repurchase program on Wednesday, September 24th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the semiconductor company to repurchase up to 7.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board 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.