Marvell Technology, Inc. $MRVL Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc trimmed its position in Marvell Technology, Inc. (NASDAQ:MRVL) by 8.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,405,465 shares of the semiconductor company’s stock after selling 295,376 shares during the period. Marvell Technology makes up about 1.5% of Impax Asset Management Group plc’s holdings, making the stock its 17th biggest position. Impax Asset Management Group plc’s holdings in Marvell Technology were worth $262,423,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. First Horizon Advisors Inc. increased its stake in shares of Marvell Technology by 6.9% during the second quarter. First Horizon Advisors Inc. now owns 2,115 shares of the semiconductor company’s stock worth $164,000 after acquiring an additional 137 shares during the period. Richards Merrill & Peterson Inc. lifted its position in Marvell Technology by 4.0% in the second 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 boosted its holdings 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 valued at $288,000 after purchasing an additional 142 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in Marvell Technology by 0.8% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 19,945 shares of the semiconductor company’s stock worth $1,544,000 after purchasing an additional 151 shares during the period. Finally, Mayflower Financial Advisors LLC raised its stake in shares of Marvell Technology by 3.4% during 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. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Insider Buying and Selling

In related news, COO Chris Koopmans acquired 6,800 shares of Marvell Technology stock in a transaction dated Thursday, September 25th. The shares were acquired at an average cost 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 $8,179,494.75. The trade was a 6.94% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Matthew J. Murphy acquired 13,600 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The shares were bought at an average cost of $77.09 per share, for a total transaction 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. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 27,200 shares of company stock worth $2,109,632 in the last quarter. Corporate insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

MRVL has been the subject of several recent analyst reports. Jefferies Financial Group reduced their price target on Marvell Technology from $90.00 to $80.00 and set a “buy” rating for the company in a report on Friday, August 29th. Barclays reissued an “equal weight” rating and issued a $80.00 target price on shares of Marvell Technology in a report on Monday, October 20th. Rosenblatt Securities lowered their price target on shares of Marvell Technology from $124.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, August 29th. Benchmark reiterated a “buy” rating and issued a $95.00 price target on shares of Marvell Technology in a report on Friday, August 29th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Marvell Technology in a report on Wednesday, October 8th. Two research 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $93.06.

Marvell Technology Price Performance

Marvell Technology stock opened at $89.33 on Thursday. The firm has a market capitalization of $77.01 billion, a PE ratio of -687.15, a P/E/G ratio of 1.10 and a beta of 1.95. Marvell Technology, Inc. has a 52 week low of $47.08 and a 52 week high of $127.48. The firm’s 50-day simple moving average is $82.34 and its 200 day simple moving average is $74.20. 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 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 firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period last year, the firm posted $0.30 EPS. The firm’s revenue for the quarter was up 57.6% on a year-over-year basis. Marvell Technology has set its Q3 2026 guidance at 0.690-0.790 EPS. On average, equities research analysts predict that Marvell Technology, Inc. will post 0.91 EPS for the current fiscal year.

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

Marvell Technology Dividend Announcement

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

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.