EFG Asset Management North America Corp. Grows Stock Holdings in Marvell Technology, Inc. $MRVL

EFG Asset Management North America Corp. raised its holdings in Marvell Technology, Inc. (NASDAQ:MRVL) by 124.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 91,409 shares of the semiconductor company’s stock after purchasing an additional 50,750 shares during the quarter. Marvell Technology accounts for about 1.0% of EFG Asset Management North America Corp.’s holdings, making the stock its 12th biggest position. EFG Asset Management North America Corp.’s holdings in Marvell Technology were worth $7,071,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MRVL. Game Plan Financial Advisors LLC acquired a new stake in shares of Marvell Technology during the 2nd quarter worth $27,000. Kiker Wealth Management LLC boosted its position in Marvell Technology by 374.7% during the 2nd quarter. Kiker Wealth Management LLC now owns 356 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 281 shares during the period. Hughes Financial Services LLC purchased a new stake in Marvell Technology during the 1st quarter worth $26,000. Westside Investment Management Inc. boosted its position in Marvell Technology by 62.5% during the 2nd quarter. Westside Investment Management Inc. now owns 416 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 160 shares during the period. Finally, Financial Connections Group Inc. boosted its position in Marvell Technology by 776.0% during the 1st quarter. Financial Connections Group Inc. now owns 438 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 388 shares during the period. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Marvell Technology Stock Performance

Shares of NASDAQ MRVL opened at $87.59 on Wednesday. The firm’s 50-day moving average price is $79.45 and its two-hundred day moving average price is $72.76. Marvell Technology, Inc. has a 52-week low of $47.08 and a 52-week high of $127.48. The stock has a market capitalization of $75.51 billion, a P/E ratio of -673.77, a P/E/G 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.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 EPS for the quarter, meeting analysts’ consensus estimates 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 business’s revenue for the quarter was up 57.6% on a year-over-year basis. During the same quarter last year, the business earned $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 forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current year.

Marvell Technology announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, September 24th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to repurchase up to 7.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Marvell Technology Announces Dividend

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

Insider Buying and Selling at Marvell Technology

In other news, COO Chris Koopmans bought 6,800 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were purchased at an average price of $78.03 per share, for a total transaction of $530,604.00. Following the acquisition, the chief operating officer directly owned 104,825 shares of the company’s stock, valued at $8,179,494.75. The trade was a 6.94% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Sandeep Bharathi bought 3,400 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The stock was purchased at an average price of $78.03 per share, for a total transaction of $265,302.00. Following the acquisition, 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 ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 27,200 shares of company stock worth $2,109,632 over the last quarter. Company insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MRVL. The Goldman Sachs Group began coverage on shares of Marvell Technology in a research report on Thursday, July 10th. They set a “neutral” rating and a $75.00 price target for the company. UBS Group upped their price objective on shares of Marvell Technology from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Marvell Technology from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, September 25th. Weiss Ratings reissued a “hold (c-)” rating on shares of Marvell Technology in a research report on Wednesday, October 8th. Finally, Zacks Research raised shares of Marvell Technology from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 24th. Two research 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 stock. Based on data from MarketBeat, Marvell Technology 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.