Penserra Capital Management LLC Buys 312,566 Shares of Marvell Technology, Inc. $MRVL

Penserra Capital Management LLC raised its position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) by 147.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 524,370 shares of the semiconductor company’s stock after purchasing an additional 312,566 shares during the period. Penserra Capital Management LLC owned 0.06% of Marvell Technology worth $40,583,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in MRVL. Nuveen LLC bought a new position in shares of Marvell Technology during the 1st quarter worth $399,587,000. Goldman Sachs Group Inc. raised its stake in Marvell Technology by 32.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,661,308 shares of the semiconductor company’s stock valued at $1,272,117,000 after acquiring an additional 5,050,159 shares during the period. AQR Capital Management LLC lifted its holdings in Marvell Technology by 662.9% during 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. Nordea Investment Management AB boosted its position in Marvell Technology by 48.3% during the second quarter. Nordea Investment Management AB now owns 7,195,669 shares of the semiconductor company’s stock worth $555,650,000 after purchasing an additional 2,344,245 shares during the period. Finally, DnB Asset Management AS increased its stake in shares of Marvell Technology by 1,167.6% in the first quarter. DnB Asset Management AS now owns 2,015,860 shares of the semiconductor company’s stock worth $124,116,000 after purchasing an additional 1,856,833 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MRVL has been the topic of a number of recent research reports. Zacks Research upgraded shares of Marvell Technology from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 24th. UBS Group boosted their target price on shares of Marvell Technology from $95.00 to $105.00 and gave the company a “buy” rating in a report on Monday, October 13th. JPMorgan Chase & Co. cut their price target on Marvell Technology from $130.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, August 29th. Roth Capital reiterated a “buy” rating on shares of Marvell Technology in a research report on Wednesday, October 15th. Finally, Wells Fargo & Company decreased their price objective on Marvell Technology from $95.00 to $90.00 and set an “overweight” 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 issued a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Marvell Technology presently has an average rating of “Moderate Buy” and an average price target of $93.06.

Marvell Technology Stock Performance

Shares of MRVL opened at $90.92 on Friday. Marvell Technology, Inc. has a 12-month low of $47.08 and a 12-month high of $127.48. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The company has a market cap of $78.38 billion, a PE ratio of -699.38, a price-to-earnings-growth ratio of 1.10 and a beta of 1.95. The stock has a 50-day moving average price of $80.70 and a 200-day moving average price of $73.33.

Marvell Technology (NASDAQ:MRVL) last posted its quarterly earnings data on Thursday, August 28th. The semiconductor company reported $0.67 earnings per share for the quarter, hitting 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 company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the prior year, the business earned $0.30 earnings per share. Marvell Technology’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. As a group, equities analysts forecast that Marvell Technology, Inc. will post 0.91 earnings per share for the current fiscal 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 given a dividend of $0.06 per share. 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 -184.62%.

Marvell Technology announced that its board has authorized a share buyback program on Wednesday, September 24th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the semiconductor company to buy up to 7.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at Marvell Technology

In other news, COO Chris Koopmans purchased 6,800 shares of the stock in a transaction on Thursday, September 25th. The shares were acquired at an average price of $78.03 per share, for a total transaction 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 trade represents a 6.94% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO Matthew J. Murphy purchased 13,600 shares of the company’s stock in a transaction on Thursday, September 25th. The shares were purchased at an average cost of $77.09 per share, with a total value of $1,048,424.00. Following the purchase, the chief executive officer owned 268,637 shares of the company’s stock, valued at approximately $20,709,226.33. The trade was a 5.33% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders purchased 27,200 shares of company stock valued at $2,109,632. 0.19% of the stock is currently owned by 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.